Motilal Oswal Best Stocks to Buy: After a strong rally in June, the market is focused on the upcoming union budget 2024. As the pre-budget rally heats up, many stocks have shown great performance so far. Domestic Brokerage firm Motilal Oswal Financial Services highlighted some of the key sectors that will be in focus. MOFSL also picked some of the best stocks to buy for budget 2024. Check top budget 2024 stock picks of Motilal Oswal below.
Motilal Oswal Large cap Stock Picks
1) L&T: The domestic Brokerage firm has given a price target of Rs 4,150 for L&T shares. This shows a 14% upside from the current value of the stock.
2) ICICI Bank: Motilal Oswal picked two banking stocks including ICICI. According to the Analyst of MOFSL, shares of ICICI Bank could reach a level of Rs 1,350, representing a 9.5% upside from the current stock price.
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3) State Bank of India: Another bank stock pick by Motilal Oswal with a Target price of Rs 1,015. This represents around 18% upside.
4) M&M: Motilal Oswal has given a target price of Rs 3,300 for Mahindra and Mahindra shares, representing a 22% upside. Brokerage firm believes the demand of SUVs and Tractors will drive the stock price upward.
5) HCL Tech: The target price For HCL Tech is given as Rs 1,710, representing 10% upside.
6) Coal India: Target Price for Coal India is given as Rs 550 considering the growing demand of power. This target price represents a 11% upside.
7) Mankind Pharma: The target price for Mankind Pharma is given as Rs 2,650, a 23% upside from the current value.
8) Chola Invest: MOFSL given a share price of Rs 1,660 for Chola Invest with a 20% upside.
Motilal Oswal Mid cap Stock Picks
1) PNB Housing Finance: Share Price Target for PNB Housing Finance is Rs 1,015, 25% upside.
2) Angel One: The price for Angel One is Rs 3,400, representing around 52% upside from the current stock price.
3) KEI Industries: The target for KEI Industries by Motilal Oswal is given as Rs 5,230, a 14% upside.
4) Godrej Properties: The Brokerage firm highlighted improvement in the cash flow and net profit. Target Price is Rs 3,725 representing a 14% upside.
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