Stocks to buy: These five shares under Rs 500 could give bumper returns of up to 35%
Stocks to buy: Domestic brokerage firm Axis Securities has recommended stocks to buy from large, mid and small-cap space under Rs 500 apiece. These stocks are ITC, Federal Bank, Ashok Leyland, Healthcare Global, and PNC Infratech.
The stocks under the brokerage's radar may give bumper returns of up to 35 per cent. They are mainly picked on a strong fundamental and technical outlook.
One may consider these recommendations as Axis Securities sees strong growth visibility in the stocks mentioned above. (Disclaimer: The stock recommendations given here are by brokerage(s). These are not the views of Zee Business. Consult a professional advisor before making an investment decision.)
ITC share price
ITC share price target: The brokerage has recommended ITC for a price target of Rs 460 apiece. On April 6, the stock settled at Rs 387.5. Investors can get a return of around 20 per cent.
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Federal Bank share price
Federal Bank share price target: The brokerage has recommended Federal Bank for a price target of Rs 170 apiece. On April 6, the stock settled at Rs 127. Investors can get a return of around 30 per cent.
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Ashok Leyland share price
Ashok Leyland share price target: The brokerage has recommended Ashok Leyland for a price target of Rs 175 apiece. On April 6, the stock settled at Rs 136.4. Investors can get a return of around 30 per cent.
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Healthcare Global share price
Healthcare Global share price target: The brokerage has recommended Healthcare Global for a price target of Rs 460 apiece. On April 6, the stock settled at Rs 271. Investors can get a return of around 25 per cent.
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PNC Infratech share price
PNC Infratech share price: The brokerage has recommended PNC Infratech for a price target of Rs 390 apiece. On April 6, the stock settled at Rs 287. Investors can get a return of around 35 per cent.
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