5 Stocks to Buy: PL Capital & Axis Direct predict up to 40% returns

New Delhi: Brokerage firms PL Capital and Axis Direct have retained the 'Buy' rating on the shares of five major companies, advising them to buy. Firms say that with strong fundamentals and the expectation of improvement in the sector, these stocks are likely to return better in the coming months. These shares are showing an increase of 4 to 40% in the coming days. Investors can keep an eye on these stocks.

Brokerages have maintained buy rating on ACC, Ambuja Cements, Bank of Baroda, Gravita India, and Dhanuka Agritech.

ACC

PL Capital has recommended buying on ACC Limited. The brokerage believes that considering the strong financial performance of the company and the prospects of improvement in the cement sector, its shares may see a rise in the coming years. It has fixed the target price of ACC at Rs 2,374 whereas its current market price (CMP) is Rs 1,840. The company's market cap is Rs 34,426 crore.

Ambuja Cements

Similarly, PL Capitals has also given a Buy rating on Ambuja Cements. The report states that the company's production capacity, strong balance sheet and new projects make it an attractive investment for the long term. The target price of this stock has been kept at Rs 718, whereas its current price is Rs 572.20. The company's market cap is Rs 1,41,029 crore.

Bank of Baroda

In the banking sector, PL Capitals has also included Bank of Baroda in the list of preferred shares. The firm has set a target price of Rs 300 for this, while this stock is currently trading at Rs 288.05. The company has a market cap of Rs 1,49,452 crore.

Gravita India

At the same time, Axis Direct has placed bets on two mid-cap companies. The brokerage has given a Buy rating to Gravita India Ltd and fixed a target price of Rs 2,500 whereas its CMP is Rs 1,771.25. The company's market cap is Rs 13,072 crore.

Dhanuka Agritech

Apart from this, Axis Direct has also set a target price of Rs 1,640 for Dhanuka Agritech Ltd, while the current price of this stock is Rs 1,320. The company has a market cap of Rs 5,950 crore.

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Note: CMPs of all shares are from 12 noon on November 4.

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