highlights
The brokerage firm estimated a 60.48 percent increase in shares of Royal Orchid Hotels.
The broker expects the price of Lemon Tree Hotels shares to rise by around 47.79 percent.
The brokerage firm has a target price of 1580 rupees on the SBI life insurance policy.
New Delhi. The stock market is booming these days. Despite all the ups and downs of the last two months, the sensex is increasing. From March 24 to date, it’s up about 8.73 percent. At the same time, the sensex industry is also believed to support this market trend. Meanwhile, some company stocks are steadily maintaining their lead. In such a situation, it can be beneficial for investors to identify and invest in these stocks.
If you too want to benefit from the market boom, you can invest in stocks such as Royal Orchid Hotels, Lemon Tree Hotels, Prestige Estates Projects and SBI Life Insurance. According to experts, these 4 stocks can increase by 30 to 60 percent from current levels.
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Royal Orchid Hotel
The shares of Royal Orchid Hotels have been rising steadily for some time. On Friday, the company’s shares on the BSE closed at Rs.327.20, up 4.55 percent. Domestic brokerage firm Edelwise estimates that the stock will be up 60.48 percent from current levels. The broker has a buy rating on the stock with a target price of Rs 549.00.
SBI Life Insurance
On Friday, however, shares in SBI Life Insurance were down a modest 0.15 per cent against the BSE and the company’s shares closed at Rs 1,205.65. Domestic brokerage firm HDFC Securities has estimated an upside potential of 31.39 percent for SBI Life Insurance shares from current levels. The broker has set a price target of Rs 1580.00 on this stock.
Prestige Estates project
Domestic brokerage firm Motilal Oswal expects shares of Prestige Estates Projects to rise 37.71 percent from current levels. The broker has set a price target of Rs.675.00 for the stock. On Friday, the company’s shares on the BSE closed at Rs.490.85, up 0.63 percent.
Lemon Tree Hotels
The stock brokerage firm expects shares of Lemon Tree Hotels to rise about 47.79 percent from current levels. Brokerage firm ICICI Securities raised the target price on this stock to Rs.137.00 following fourth-quarter results. On Friday, however, the company’s shares fell 1.22 percent on the BSE and the company’s shares closed at Rs.92.70.
(Disclaimer: The stocks mentioned here are for informational purposes only. If you are interested in investing in any of these stocks, please consult a certified investment adviser first. News18 is not responsible for your gain or loss. Will happen.)
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FIRST RELEASED : June 04, 2023
