Top 5 Quality Shares to Buy for Good Returns
๐ The tension between Iran and Israel is affecting markets worldwide. American and Asian markets are weak, which will impact Indian share markets. If you focus on strong fundamentals, you can earn good money in the long term. Based on a good outlook, brokerage firm Sharekhan has selected 5 quality shares to buy: NMDC, Lumax Auto, Kajaria Ceramics, Kotak Bank, and ITC. According to the brokerage, these shares could give up to 30% returns in the coming year.
Kajaria Ceramics
๐บ Sharekhan recommends buying Kajaria Ceramics shares with a target of Rs. 1600 per share. On April 12, 2024, the share closed at Rs. 1235, offering a potential return of up to 30%. On Tuesday (April 16, 2024), the share was trading at Rs. 1235 with a 1.91% decline.
ITC
๐ฌ Sharekhan suggests buying ITC shares with a target of Rs. 515 per share. The share closed at Rs. 430 on April 12, 2024, potentially providing a 20% return. On Tuesday (April 16, 2024), the share was trading at Rs. 424 with a 0.34% decrease.
Kotak Bank
๐ฐ Sharekhan advises buying Kotak Bank shares with a target of Rs. 2250 per share. The share closed at Rs. 1813 on April 12, 2024, offering a potential return of 24%. On Tuesday (April 16, 2024), the share was trading at Rs. 1800 with a 0.09% increase.
Lumax Auto
๐ Sharekhan recommends buying Lumax Auto shares with a target of Rs. 540 per share. The share closed at Rs. 466 on April 12, 2024, potentially providing a 16% return. On Tuesday (April 16, 2024), the share was trading at Rs. 473 with a 4.45% increase.
NMDC
โ๏ธ Sharekhan suggests buying NMDC shares with a target of Rs. 290 per share. The share closed at Rs. 238 on April 12, 2024, potentially offering a 22% return. On Tuesday (April 16, 2024), the share was trading at Rs. 242 with a 0.58% increase.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.