Best Stocks to Buy: The impact of ongoing uncertainties at the global level has been seen on other markets including India. Amidst the volatile environment, domestic brokerage firm Axis Direct has adopted a positive attitude towards the market.
According to the report of the brokerage firm, Nifty can reach the level of 29,480 by the end of this year. This shows an upside of about 30 percent from the current level. The firm has also advised to buy some stocks. Let us know about these selected shares…
Brokerage has confidence in SBI shares
Brokerage houses seem positive about the shares of State Bank of India. The firm has given a target of Rs 1,350 for the shares. Which indicates an increase of about 32.6 percent from the current price.
Axis Securities believes that SBI’s performance has been stronger than other banks. Especially good growth is being seen in corporate loans as well as in retail, agriculture and MSME segments.
Eternal shares rise
According to the brokerage report, the quick commerce business of Eternal Ltd is growing rapidly. In which platforms like Blinkit are playing an important role. Keeping this growth in mind, the firm has set a target price of around Rs 360 on the company’s shares. This level represents a potential gain of about 55 percent from the current price.
Brokerage trust on Airtel shares
Brokerage houses seem quite positive about Bharti Airtel. The firm has set a target of Rs 2,530 for the company shares. Which shows a potential growth of about 41 percent from the current level.
The company is expanding its business in rural areas. Besides, it is also strengthening its hold by increasing 4G coverage and continuously investing in the network.
Kotak Mahindra Bank
According to the report of the brokerage firm, there is improvement in the asset quality of the bank. Also, the bank has proved itself better in unsecured loan matters.
For this reason, bank shares are included in the firm’s favorite list. The firm has set a target of Rs 515 for the shares. Which indicates an increase of about 44 percent from the current share prices.
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