Motilal Oswal suggests to invest in three stocks, Return will be high, know names
Investment: Reputed brokerage firm Motilal Oswal recommended investors to bet on these three stocks for up to 66 percent estimated return. Brokerage firms suggested investing in stocks of Prestige Estates Projects, NMDC and ONGC, may give high returns. Let’s have a look at the buy suggestion for these stocks.
Prestige Estate
Current Price - 421
Target Price - 675
Estimated Return - 66 percent
Reason - According to Motilal Oswal, Company reiterated its sales guidance of over 120 billion for fY23, the second reason is many residential projects are in pipeline.
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NMDC
Current Price - 121.80
Target Price - 155
Estimated Return - 31 percent
Reason - Fundamentals of This Navratna Company is attractive, The construction activities are getting pace in the country, NMDC is an iron ore oriented company, so it would affect the share price. Company performed well in Q3 as well.
ONGC
Current Price - 155.90
Target Price - 200
Estimated Return - 36 percent
Note - These stock suggestions are made by brokerage firm Motilal Oswal, News24 do not suggest you to invest, Take advice of professionals before investing.
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