Stock Market

Buy call: Brokerage bullish on these 2 stocks after the results, can get strong returns of up to 28%

Motilal Oswal has given buy advice on Godrej Consumer and Piramal Enterprises after the results.

Godrej Consumer, Piramal Enterprises BUY call by Motilal oswal: After the second quarter results, there are some stocks whose valuation has improved. There is an expectation of better returns in the future. Two such stocks are Godrej Consumer and Piramal Enterprises. Brokerage houses are seeing a rally in these quality stocks. Motilal Oswal has given buy advice in both these stocks. The brokerage firm has given a target of Rs 1,180 while giving buy advice in Godrej Consumer. At the same time, Piramal Enterprises has a target price of Rs 3,310 with a ‘buy’ rating. The brokerage house has expressed expectation of growth in the business outlook of both the companies.

Godrej Consumer: 28% return expected

Brokerage house Motilal oswal has given a target of Rs 1180 (Godrej Consumer BUY) for Godrej Consumer. The share price of the company stood at Rs 920 on November 11. In this way, investors can get a return of 28 per cent in this stock from the current price. However, in the last one year, the return of this stock has been 35 percent. The brokerage house has said in its report that the company’s September quarter results have been as expected. There is some traction in the stock. The valuation is attractive at 44.7x FY23E EPS. It’s in our top pick. The ‘buy’ rating has been maintained on this.

Watch dgmartpro here

Piramal Enterprises: Can get 25% return

Motilal Oswal has given a target of Rs 3,310 (Piramal Enterprises BUY) for Piramal Enterprises. The share price of the company stood at Rs 2,648 on November 11. In this way, investors can get a return of 25 per cent in this stock from the current price. Investors in this stock have got more than 80 percent returns in one year. The brokerage house says that the company has positioned itself in the retail housing loan segment. Pharma margins are expected to improve in the second half of FY22. The net profit of Piramal Enterprises declined by 32 per cent in the September quarter due to DHFL’s one time transaction cost.

(Disclaimer: The investment advice here is given by the brokerage house. These are not the views of dgmartpro Business. Please consult your advisor before investing.)

,

Show More

Related Articles

Leave a Reply

Back to top button