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Sunday, January 23, 2022

Geojit’s favorite large cap stocks, which can give up to 38% return

The market is witnessing profit-booking pressure today. Nifty has slipped below 18000. On the other hand, the Sensex is also seeing a fall of about 400 points. Almost all sectors except pharma, media are seen in red mark. So where are the earning opportunities being created in the market? Broking house Geojit in one of its notes has suggested some such largecap stocks, which can see a rise of 12-38 percent. Let’s take a look at these.

Mahindra Bank Box , Giving BUY rating in this stock, Geojit has taken a target of Rs 2353. Currently this stock is seen at the level of Rs 2097. Geojit expects the company’s business to pick up pace in the coming quarters with an increase in earnings from interest income and increasing operating profit and can easily see a return of 12 per cent.

IndusInd Bank , Giving BUY rating, Geojit has taken a target of Rs 1,352 in this stock. Currently this stock is seen at the level of Rs 1,068. It can give a return of 26 percent. It is expected that the company’s low cost deposits will see an increase and the yield of advances will also see an increase in the coming quarter. The balance sheet of the bank is very strong. In view of this, it is advisable to invest in this stock.

Axis Bank , Giving BUY rating, Geojit has taken a target of Rs 889 in this stock. Currently this stock is seen at the level of Rs 745. It can give a return of 19 percent. The proposed change in product mix is ​​expected to bring down the operating cost of the Bank. Going forward, the bank’s loan book will also see good growth. Keeping in view the improvement in asset quality and strength in collections, the bank is also advised to buy in this stock.

HDFC , Giving BUY rating, Geojit has taken a target of Rs 3,355 in this stock. Currently this stock is seen at the level of Rs 2,940. It can give a return of 14 percent. In the second quarter, there has been a strong recovery emerging from the shock of COVID-19. The asset quality of the company also remains strong in the collections and disbursements segment of the company.

Vedanta Giving BUY rating, Geojit has taken a target of Rs 374 in this stock. Currently this stock is seen at the level of Rs 318. It can give a return of 17 percent. The long term outlook of the company remains very positive. The company is focusing on strengthening its product portfolio. Which will benefit it.

UPL , Giving BUY rating, Geojit has taken a target of Rs 875 in this stock. Currently this stock is seen at the level of Rs 746. It can give a return of 17 percent.

Gail India , Giving BUY rating, Geojit has taken a target of Rs 208 in this stock. Presently this stock is seen at Rs 150 level. It can give a return of 38 percent.

Dr Reddys Laboratories , Giving BUY rating, Geojit has taken a target of Rs 5,437 in this stock. Currently this stock is seen at the level of Rs 4,791. It can give a return of 13%.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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