Benchmark indices declined in early trade today, February 21 due to weak US markets, tariff threats, and foreign fund outflows. The 30-share BSE benchmark Sensex declined 202.21 points to 75,533.75 in early trade. The NSE Nifty dipped 63.5 points to 22,849.65. The biggest laggards were Tata Motors, ICICI Bank, Infosys, and Maruti among others, while Zomato, NTPC were top gainers among others.
At 1.40 PM IST today, the BSE Senses was 0.80 per cnet down at 75,112.78 while Nifty 50 was 0.77 per cent down at 22,734.65.
Meanwhile, brokerage Mirae Asset Sharekhan has suggested buying five stocks from a long-term perspective. According to the analysts, these stocks are expected to provide up to 67 per cent returns in 12 months. The expected returns calculations are based on the closing price of February 20.
These stocks include Varun Beverages, ICICI Bank, Godrej Consumer, Oberoi Realty and TCS. Let’s take a look their target prices.
Varun Beverages Share Price Target
Mirae Asset Sharekhan has given a target of Rs 750 for Varun Beverages stock. The 52-weeks high for this stock is Rs 683 and the low is Rs 454. From its last closing price, the stock can provide up to 60 per cent returns.
Oberoi Realty Share Price Target
The second stock on the list is Oberoi Realty. The target is Rs 2,694. The stock has the potential to provide up to 67 per cent returns from its last closing price.
Godrej Consumer Products Share Price Target
The next stock on the list is Godrej Consumer Products. The analysts have chosen this stock for a target of Rs 1,675. This means the stock can provide up to 56 per cent returns from its last closing price.
ICICI Bank Share Price Target
The analysts have also chosen ICICI Bank stock for a target of Rs 1,550. On Thursday, the ICICI Bank shares closed at Rs 1,250.3 each. The stock has the potential of providing 26 per cent returns from its last closing price.
TCS Share Price Target
The last stock on the list is TCS (Tata Consultancy Services). The target is Rs 5,230. According to the analysts, the stock can give up to 38 per cent returns from its lats closing price.
