By Admin 
Stocks to buy: If you are also looking for earning stocks, then today we are going to tell you about some such stocks, which can give you huge profits in the long term. Today we are going to give you information about the stocks which are likely to rise by 25-63 percent this year. Brokerage says that investing money in these shares can be a profitable deal. These include shares from housing finance to energy stocks and real estate companies. Let’s take a look at these:-
Suzlon Energy
Suzlon Energy is one of the world’s well-known companies providing renewable energy solutions. This company with a market cap of Rs 62098 crore is also a vertically integrated WTG manufacturer, which also does the installation and O&M work of all WTG cells.
Brokerage firm Motilal Oswal has given a target price of Rs 74 to the shares of Suzlon Energy. Currently, the price of Suzlon shares is around Rs 45.9, which is expected to rise by about 61 percent. This rating has been given to Suzlon for strong orders of wind energy and the turnaround of the company.
NMDC
IDBI Capital has given ‘Buy’ rating to government company NMDC with a target price of Rs 125. Its shares are currently trading at around Rs 76.6. That means it is also likely to go up by about 63 percent from the current level in the coming time. The brokerage has high expectations regarding the demand for iron ore and better profitability. This company with a market cap of Rs 67135 crore is engaged in the production and sale of sponge iron, diamond, iron ore, wind power.
LIC Housing Finance Limited
IDBI Capital has advised to buy LIC Housing Finance Limited with a target of Rs 688. The current price of shares of LIC Housing Finance Limited is around Rs 509. That means there is a possibility of increase up to 35 percent. With a market cap of Rs 27891 crore, the company deals in providing finance for purchasing/construction of residential flats/houses. It is registered with National Housing Bank (NHB).
Oberoi Realty
Oberoi Realty Limited (Oberoi Realty Group) is a real estate development company headquartered in Mumbai. The company focuses on development in residential, office space, retail, hospitality and social infrastructure verticals. ICICI Direct has given ‘Buy’ rating to this company with a market cap of Rs 52397 crore with a target of Rs 1830, which represents an increase of about 25 percent from its current level of Rs 1462. Actually, the broker expects strong sales of residential property and launch of new projects.
ITC Hotels
ICICI Direct has advised to buy ITC Hotels with a target of Rs 240. The price of shares of ITC Hotels is currently around Rs 183, which can rise by about 31 percent in future. The broker has expectations from strong growth in the hospitality and travel sector.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
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