Best Stocks to Buy: Today, Friday, September 5, Sensex-Nifty opened on the green mark. The effect of some factors can be seen on the stock market. In such a situation, brokerage houses have told about some selected stocks, which can give good returns in 6-12 months.
Reliance Industries Share Price Target
Brokerage firm Jefferies has advised to bet on Reliance Industries (RIL) stock in its report. The brokerage has given the target price of this stock as Rs 1,670 for the long term. 15% growth is expected in O2C business and double digit growth on consolidated EBITDA. Jio’s IPO can become a big trigger. By 10 am on Friday, the stock was trading at Rs 1,369.80 with a rise.
TVS Motor Share Price Target
Brokerage firm Nomura has advised to buy TVS stock in its report. Its target price is Rs 3,949, which is currently trading at Rs 3,471, up 1.10%. According to the brokerage, the focus is on new scooter launches and EV business. EV volume is expected to grow by more than 40% by FY26-27.
DLF Share Price Target
Brokerage firm Jefferies is bullish on DLF stock. Giving a buy rating on it, the target is Rs 1,000. Currently the shares are trading at Rs 765.70 with a gain of 1%. According to the brokerage, strong land bank and brand value, margin improvement is likely in the long term. The stock is trading below the NAV average, the risk-reward is positive.
Cholamandalam Investment Share Price Target
Brokerage firm HSBC has advised to buy the stock of Cholamandalam Investment and Finance Company Limited in a report. Its target price is given as Rs 1,670. The brokerage report states that the guidance of 20% growth in FY26, lower cost of funds will increase margins. Currently the stock is trading marginally higher at Rs 1,468.40.
HDFC Life Share Price Target
Morgan Stanley has given an overweight rating to HDFC Life shares and has given a target of Rs 890. The brokerage says that the factors that will affect the stock include the impact of GST changes being less than 0.5%, the target is to double the VNB in 4-5 years. As of 10 am on Friday, the stock was trading marginally higher at Rs 756.65.
Disclaimer: This article is written for information purposes only. The stocks and brokerage reports given in it are not investment advice. Investing in the stock market always comes with risk. Consult a financial advisor before investing.
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