Top Stocks to Watch for High Returns: Dabur, Aditya Birla Capital, Prestige Estate, and Nykaa

Our Vizag — Thu, 07 Nov 2024 02:13:13 +0000

In recent years, the stock market has become a popular investment avenue, attracting many individuals who are willing to take risks for the potential of high returns. Despite the volatility and risk associated with stock trading, many investors are diving in, driven by the possibility of substantial short-term gains. Along with traditional stock investments, mutual funds also remain a popular choice, but understanding individual stocks and their performance is crucial for better decision-making.

Here’s a look at some stocks that analysts are recommending, with estimated returns ranging from 16% to 29%:

Dabur (Expected Return: 19.7%)

Current Price: Rs. 543
Target Price: Rs. 650

Dabur, a well-established name in the Indian consumer goods market, is being recommended by brokers like Nomura. The stock is currently priced at Rs. 543, and analysts predict it could rise to Rs. 650 in the near future. Dabur is a leader in Ayurvedic medicines and personal care products, making it a solid option for long-term growth. With its steady expansion and a strong market presence, the potential for returns is high, especially with the current low price.

Aditya Birla Capital (Expected Return: 28.7%)

Current Price: Rs. 206
Target Price: Rs. 265

Aditya Birla Capital, a diversified financial services company, is making waves in the investment and financing sectors. The stock, which is available through Investic brokerage firm, is priced at Rs. 206 with an expected rise to Rs. 265. Analysts foresee steady revenue growth for the company over the next three years, supported by its strong presence in sectors such as defense, investment, and financing. With over 1,000 branches across the country, Aditya Birla Capital is a strong contender for future growth.

Prestige Estate (Expected Return: 16%)

Current Price: Rs. 1638
Target Price: Rs. 1900

Prestige Estate’s stock, handled by JP Morgan brokerage firm, is expected to provide solid returns, with a target price of Rs. 1900 from its current price of Rs. 1638. The company operates in more than 12 regions in India and has a diversified presence in real estate, hospitality, and warehouse management. With the real estate sector showing signs of recovery, Prestige Estate’s growth potential is worth considering for investors looking for stability and long-term gains.

Nykaa (Expected Return: 19.5%)

Current Price: Rs. 184.15
Target Price: Rs. 220

Nykaa, one of India’s leading e-commerce platforms for beauty, wellness, and fashion products, is showing significant growth potential. Available through Jefferies brokerage firm, Nykaa’s stock is priced at Rs. 184.15 and could rise to Rs. 220 in the coming months. With a focus on expanding its online presence and offline stores across the country, Nykaa has seen impressive growth and is poised for continued success in the beauty and personal care market.

Conclusion

For investors looking for high-return opportunities, these stocks—Dabur, Aditya Birla Capital, Prestige Estate, and Nykaa—offer solid prospects. With returns projected between 16% and 29%, they provide a balanced mix of risk and reward. As always, investors should ensure they do thorough research or consult with a financial advisor before making investment decisions.