Stocks To Buy: 14 February 2024
After Monday’s decline, the stock market is showing positive signs on Tuesday. By 10 am, the Sensex was trading at 71,313, up 276 points, while the Nifty 50 was trading at 21,666, up 50 points. Amidst this market volatility, some stocks are becoming attractive for investment. With the earnings season coming to an end for companies, investors are now looking at potential stocks after the business updates. Sharekhan, the brokerage house, has selected 5 stocks for investment in the next year. These stocks include Power Grid, Grasim Industries, Ramco Cements, Wonderla Holidays, and Gabriel India.
1. Power Grid:
Sharekhan has recommended buying Power Grid shares. The target price for the stock is Rs. 320 per share. The stock closed at Rs. 270 on 12th February 2024. Investors can expect a return of up to 18% in the coming years. On Wednesday (14th February 2024), the stock was trading at Rs. 272, a 0.68% increase.
2. Grasim Industries:
Sharekhan has suggested buying Grasim Industries shares. The target price for the stock is Rs. 2,600 per share. The stock closed at Rs. 2,140 on 12th February 2024. Investors can expect a return of up to 22% in the coming years. On Wednesday (14th February 2024), the stock was trading at Rs. 2,077, a 0.61% increase.
3. Ramco Cements:
Sharekhan has recommended buying Ramco Cements shares. The target price for the stock is Rs. 1,110 per share. The stock closed at Rs. 883 on 12th February 2024. Investors can expect a return of up to 26% in the coming years. On Wednesday (14th February 2024), the stock was trading at Rs. 852, a 1.88% decrease.
4. Wonderla Holidays:
Sharekhan has suggested buying Wonderla Holidays shares. The target price for the stock is Rs. 1,085 per share. The stock closed at Rs. 858 on 12th February 2024. Investors can expect a return of up to 26% in the coming years. On Wednesday (14th February 2024), the stock was trading at Rs. 896, a 1.09% increase.
5. Gabriel India:
Sharekhan has recommended buying Gabriel India shares. The target price for the stock is Rs. 433 per share. The stock closed at Rs. 353 on 12th February 2024. Investors can expect a return of up to 23% in the coming years. On Wednesday (14th February 2024), the stock was trading at Rs. 358, a 2.61% increase.
Get ready to invest in these promising stocks and make the most of your investments!
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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.
