Q 3 Results Preview: Motilal Oswal Picks Two Stocks From Infra Sector With Buy Call For High Returns
Motilal Oswal has picked two stocks from the infrastructure sector namely G R Infraprojects and KNR Constructions.
The brokerage has assigned a buy on these two stocks for potential gains of up to 22 % in 2023.
Both the stocks are midcap with market capitalisations below Rs 15,000 Crore.
According to the brokerage, Execution is likely to speed up in 3 QFY 23 after it was hit by the monsoon in 2 Q.
Motilal Oswal has assigned a buy on the stock with a target price of Rs 1,510 per share.
The brokerage anticipates a 22% return in the share price if the stock is purchased at the current market price.
The share price of the G R Infraprojects on NSE last traded at Rs 1,218.70 per share, fallen by 1 .59 % from the previous close.
It recorded its 52 week high on 13 Jan' 2022 at Rs 1,978 per share and 52 week low on 23 Jun' 2022 at Rs 1,078.85 per share.
KNR Constructions Limited ( KNRC)
The brokerage has a target price of Rs 310 with a buy call to the stock.
The stock purchased at the current market price is likely to give returns up to 20% considering the estimated target price.
The stock on NSE last traded at Rs 259.60 per share.
Its 52 week low was recorded on 20 Oct' 2022 at Rs 202.70 per share and the 52 week high on 01 Feb' 2022 at Rs 329.85 per share.
The stocks have been picked from the brokerage report of Motilal Oswal.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article.
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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt