New Delhi: Axis Securities has recommended eight stocks to add to your portfolio in the new year. The brokerage suggested the shares of the nine companies after considering the financials, future and record, their profits.
The brokerage firm initiated a Buy rating on Shriram Finance, Fortis Healthcare, Prestige Estates Projects, City Union Bank, Ambuja Cements, Doms Industries, Bharti Airtel and Ethos. The recommended stocks are expected to rise 18-3 1 per cent in one year.
Shriram Finance share price target
The Axis Securities predicted Shriram Finance Limited shares to rise in 2025. While recommending the stock to be purchased, the brokerage gave a target price of Rs 3,825, which indicated a return of 31 per cent from the current price of Rs 2,930. The Buy call was given in view of the growth potential of the company due to its ability to improve in the used CV segment, less unsecured loans and better AUM position.
Fortis Healthcare share price target
The brokerage firm initiated a Buy rating on Fortis Healthcare due to the increase in revenue and solid financial performance of the company. The firm said the hospital chain has specialisation in key therapies like cardiac and oncology, so the demand is expected to remain strong in future. It advised the interested investors to add the stock to their portfolios with a target price of Rs 860 per share.
Prestige Estates Projects share price target
Axis Securities gave Buy rating on Prestige Estates saying the real estate sector stock has the potential to rise to the level of Rs 2,195 per share. The counter was trading at Rs 1,752.10 at 3:10 pm on December 27, 2024. The brokerage said the company’s financial position is expected to be strong considering the company’s plans for expansion in the coming quarters.
City Union Bank share price target
Axis Securities advised the stock market players to buy City Union Bank shares with the target price of Rs 215 per equity share. With the stock trading at Rs 174 apiece on December 27, the counter can rise to 24 per cent. The brokerage gave the Buy call due to the improvement in the non-core segment of the bank and its position is also strong for the future.
Ambuja Cements share price target
Current Market Price CMP: Rs 550 per share
Target price: Rs 675 per share
How much increase: 23%
DOMS Industries share price target
Current Market Price CMP: Rs 2,553 per share
Target price: Rs 3,120 per share
How much increase: 22%
Ethos share price target
Current Market Price CMP: Rs 3,112 per share
Target price: Rs 3,750 per share
How much increase: 21%
Bharti Airtel share price target
Current Market Price CMP: Rs 1,600 per share
Target price: Rs 1,880 per share
How much increase: 18%
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks to Buy: Axis Securities recommended eight stocks for 2025, anticipating 18-31% returns. These include Shriram Finance (target price Rs 3825), Fortis Healthcare (Rs 860), Prestige Estates (Rs 2195), City Union Bank (Rs 215), Ambuja Cements (Rs 675), DOMS Industries (Rs 3120), Ethos (Rs 3750), and Bharti Airtel (Rs 1880). Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
