Top-5 Stocks to Purchase: On Tuesday, May 7, 2024, both the BSE Sensex and Nifty 50 got off to a great start. The Nifty has crossed over to 22,450. Tuesday saw a notable increase in FMCG equities. The brokerage company Motilal Oswal Financial Services has chosen five basic stocks for the “Investment Idea of the Week” amidst this market environment. The shares were chosen by the brokerage with a year’s worth of consideration. In the upcoming year, these shares may yield gains of up to 28%.
1/5 KEI Industries
KEI Industries has been featured as the “Investment Idea of the Week” by Motilal Oswal. The company has received a rating of ‘buy’. The objective5,000 rupees per share. The stock has potential for additional 28% profits.
2/5 L&T
‘Buy’ is Motilal Oswal’s recommendation for the L&T shares. The target price per share is Rs 4,400. Returns on the stock might reach 26%.
3/5 ICICI Lombard
ICICI Lombard General Insurance Company’s stock gets a “buy” recommendation from Motilal Oswal. The share price goal is set at Rs 2,100. The stock has potential for additional 25% profits.
4/5 Bharti Airtel
The shares of Bharti Airtel has received a “buy” rating from Motilal Oswal. The goal is one share at Rs 1,570. The stock has potential for additional 23% profits.
5/5 JSW Infrastructure
With regard to JSW Infrastructure stock, Motilal Oswal has a “buy” rating. The 300 rupee goal is the aim.The desired price per share is Rs 300. The stock has a 16% return potential.
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