We've the mentioned three stocks to buy (Titan, NMDC, Apollo Hospital) with target price given by the brokerages.
Titan share price target 2024 Stocks of Titan grew 18.55% in the past one year.
The brokerage remained bullish on Titan stocks over smooth and steady pace of the business in varied segments.
Amid the correction of the stocks of NMDC, the brokerage firm Motilal Oswal has recommended 'buy' with a target price of Rs 300 apiece.
The brokerage firm Elara Capital has set the target price for Apollo Hospitals stocks at Rs 6,183 apiece.
Authored by : Varun Yadav Updated Jun 8, 2024 | 07:35 PM IST Photo : ET Now Digital Brokerage firms suggest three stocks amid market volatility.
Indian stock market remained very volatile during the election 2024 result week. The market indexes witnessed up to 3% up and down over the past one week with a major dip on the 2024 election result day.
On Friday, June 07, Sensex and Nifty closed at their all-time highs. BSE Sensex jumped 2.16% to close at 76,693, while Nifty 50 gained around 2.05% to settle at 23,290.
Concerning this volatile environment in the India stock market, it's become challenging for Indian retail investors to pick up stocks for short-to-long term. With the help of brokerage radars, we've tried to simplify this challenging yet opportunistic time for investors. We've the mentioned three stocks to buy (Titan, NMDC, Apollo Hospital) with target price given by the brokerages.
Titan share price target 2024 Stocks of Titan grew 18.55% in the past one year. However, they remained volatile during the past six months, with a slight drop of -3.97%. On Friday, June 07, the stock gained 3.61% on BSE, to settle at Rs 3443.45 apiece.
The fundamentals of Titan remained strong despite a weaker quarterly report in the fourth quarter of the fiscal year 2024 against the preceding quarter. The Company reported the overall net profit of Rs 3,534 crore for the FY23-24. The revenue for the fiscal year stood at Rs 47,114 crore. The overall assets of Titan for FY 2023 stood at 27k crore whereas liabilities at Rs 15k crore.
The brokerage remained bullish on Titan stocks over smooth and steady pace of the business in varied segments. The brokerage firm ICICI securities gives buy rating with a target price of Rs 3400 apiece. Note that the current price of Titan stock stands at Rs 3,343.
NMDC share price target 2024 NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of raw materials such as iron ore, nickel, rock phosphate, gypsum, coal, etc.
NMDC stock gained 2.50% on BSE to settle at Rs 258.50 apiece on BSE, June 07. Stocks of NMDC have given consistent positive returns in the past few years. The stocks grew 40.45% in the past six months. The one- and three-year return stood at 136.07% and 73.82%. Although the stocks have remained volatile in the past few weeks, with a drop of -3.45%.
Amid the correction of the stocks of NMDC, the brokerage firm Motilal Oswal has recommended 'buy' with a target price of Rs 300 apiece.
Apollo Hospitals Indian multinational healthcare group is the largest private hospital network in the coutry. Apollo Hospitals stocks gained around 58.75% on BSE, June 07, to settle at Rs 6014.90 apiece.
Over the past 10 years, the stocks of Apollo Hospitals have performed impressive, given the positive returns to investors. The one-and three-year return of the stock stood at 19.69% and 81.67%. In the past five years, the stock jumped around 330.54%.
The brokerage firm Elara Capital has set the target price for Apollo Hospitals stocks at Rs 6,183 apiece.
