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Stock Tips- The stock market is seeing huge ups and downs in the last few days. Foreign investors are constantly selling and weak results of companies have put pressure on the market. On Thursday, 14 November, the stock market closed down with a decline in the third consecutive season. The 30 -share BSE Sensex declined by 110.64 points to 77,580.31 and the Nifty fell at 23,532.70 to close at 23,532.70.
The quarterly results of some companies have been excellent amidst this upheaval in the stock market. On the basis of these results, brokerage firm Nuvama (NUVAMA) has advised to buy five selected stocks. Brokerage estimates that these share can give investors up to 61 percent returns in a year.
Brokerage house Nuwama has upgraded the Eicher Motors share rating from Hold to Buy. Also, from the perspective of the next 12 months, the target price has been increased from Rs 4,500 to Rs 5,500 per share. On 13 November, the share price closed at Rs 4,890. In the second quarter, working profits (Ebitda) were flat on an annual basis. Strong festive demand, focus on major models, new products and marketing push are expected to be compelled in the second half (H2FY25) in the domestic sales of Royal Enfield.
Nuwama has given a buy rating on Sun TV Network. Also, the target price of Rs 1,040 per share has been fixed from the next 12 months perspective. On 14 November 2024, the share price closed at 730. In this way, the stock can give about 43 percent returns in the current price.
There is also a brokerage Nuwama Bulish on SKF India share. Brokerage has fixed the target price of SKF India share at Rs 5,716 per share from a year perspective, keeping the shared by rating. On 14 November closed at Rs 4439. Brokerage says that the results of the second quarter of SKF India have been mixed. Revenue increased by 11 per cent on an annual basis. While the Ebitda margin 84 basis point (YOY) came down to 10 percent.
Brokerage house Nuwama has also advised to buy Galaxy Surfactants’ shares. From the perspective of the next 12 months, the target price of the share is fixed at Rs 4,067 per share. On 14 November 2024, the share price closed at Rs 2739. In the second quarter, the company’s revenue rose 8 per cent on an annual basis.
Nuwama has also given Buy rating to Medplus Health Services Share. The stock closed at a level of Rs 705 on 14 November. Brokerage has increased the target price of this stock from Rs 1,000 to Rs 1,100 per 1,100 from the next 12 months perspective. In this way, the stock can give about 61 percent returns in the current price.
(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, consult the first certified Investment Advisor. News18 will not be responsible for any kind of profit or loss.)
