7 Stocks to Buy Now, Fundamental Stock Picks: Domestic equity benchmarks have risen and then subsided after the rollout of GST 2.0 reforms, with the Nifty50 continuing to gyrate within the broad range of 24,400-25,000 for the month. As investors scout for fresh stock-picking opportunities on Dalal Street, analysts' have handpicked a few stocks from a fundamental perspective. Their targets indicate double-digit potential gains from the current levels, going as high as 37 per cent.
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Here's a list of these stock picks and their targets:
Maruti Suzuki India | Largecap | Nifty50 | Nifty Auto
ICICI Securities has a 'buy' rating assigned to the stock of Maruti Suzuki India -- the country's largest carmaker -- with a target price of Rs 17,000 per share.
At the September 5 closing price, the brokerage's target indicates a potential upside of 14.1 per cent in the largecap stock, which is part of the Nifty50 and the Nifty Auto among other major indices.
On Friday, Maruti Suzuki India shares ended at Rs 14,904.5 and Rs 14,903 apiece on BSE and NSE, respectively.
MGL | Midcap | Nifty Total
Axis Direct has a 'buy' rating assigned to Mahanagar Gas Ltd (MGL) shares with a target of Rs 1,540.
The target indicates a potential upside of 20.2 per cent.
L&T Finance | Largecap | BSE 500 | Nifty Midcap 150
Motilal Oswal Financial Services has a 'buy' call on L&T Finance shares with a target price of Rs 260, which indicates a potential gain of 12.8 per cent.
Zydus Life | Largecap | BSE 200 | Nifty Next 50
Geojit has a 'buy' rating on the midcap stock with a target price of Rs 1,121.
The brokerage's target implies an upside of 10.6 per cent.
Inox Wind | Largecap | BSE 500
Axis Direct has a 'buy' rating assigned to Inox Wind shares.
The brokerage has a target of Rs 190 for the largecap stock, implying a potential upside of 30.3 per cent.
Triveni Turbine | Midcap | BSE 500, Nifty Smallcap 250
Brokerage Sharekhan has a 'buy' call on this midcap stock with a target price of Rs 700, which implies an upside of 37 per cent from the current level.
Birla Corp | Midcap | BSE 500 | Nifty Total
Axis Direct has a 'buy' call on Birla Corp shares with a target of Rs 1,560.
The target implies a 21.9 per cent upside in the midcap stock.