Brokerage firm Sharekhan has released a list of 8 stocks that are expected to deliver up to 50% returns by the next budget. This list includes Bank of Baroda, Radico Khaitan, TCI, Oberoi Realty, Varun Beverages, Godrej Consumer Products, ICICI Bank, and TCS.
Sharekhan has given a BUY rating to all these stocks, making this a great opportunity for investors.
Expect Bumper Returns from These Stocks in the Next Year!
| Stock Name | Current Price (₹) | Target Price (₹) | Upside Potential (%) |
| Bank of Baroda | 210.85 | 280 | 33% |
| Radico Khaitan | 2383.40 | 2760 | 16% |
| Transport Corporation of India | 1051.45 | 1400 | 34% |
| Oberoi Realty | 1845.70 | 2694 | 45% |
| Varun Beverages | 560.70 | 750 | 34% |
| Godrej Consumer Products | 1182.90 | 1675 | 44% |
| ICICI Bank | 1255.15 | 1550 | 24% |
| Tata Consultancy Services (TCS) | 4073.75 | 5230 | 28% |
Also Read: 5 Undervalued Stocks with Low P/E and PEG
Market Situation
- Sensex: +5.39 points closing at 77,500.96
- Nifty: -26.25 points dropping to 23,482.15
- Upside-Decline Ratio: 2030 stocks up, 1884 stocks down, and 123 stocks unchanged
Even if the pressure on the market in January, with slight declines in Sensex and Nifty, there’s still potential in future.
Possible Market Risks
- Impact of US Market Decline: According to the Economic Survey, if the S&P 500 falls, the Indian market could be affected too.
- FII and DII Movements: If Foreign Institutional Investors engage in profit booking, there could be market volatility.
- Impact of Budget Announcements: Any negative tax-related decisions in the budget could increase market volatility.
Also Read: 3 Infra Stocks with P/E Less Than 9: Up to 45% Discount
Conclusion
If you’re looking for long-term investments, Sharekhan’s list offers a great opportunity. These stocks have the potential to deliver up to 53% returns by the next budget.