Benchmark indices fell in early trade amid selling pressure on Monday. The BSE Sensex index lost 299 points to open at 79,921.13, down by 0.37 percent, in early trade. On the other hand, the Nifty 50 index opened at 24,378.15, down by 93.95 points or 0.38 percent. However, investment and brokerage firm Prabhudas Lilladher has advised buying a few PSU stocks for 1 year.
PSU Stocks to BUY for Long Term: Up to 60% return
Among the stocks suggested by the brokerage firm are NTPC, BHEL, Coal India, and others. According to the brokerage firm, these stocks can give a return of 60 percent in one year.
Bharat Heavy Electronics Ltd. (BEL)
BEL specializes in defense electronics and systems. They consistently win new defense contracts. Furthermore, their research development delivers innovative solutions. The company has expanded into civilian markets successfully. Plus, their export orders increase steadily. The stock has given close to a 102.86% return in the last 1 year
The brokerage firm has given a target of Rs 426 per share for BEL or Bharat Electronics Ltd. It suggested investors keep a stop loss of Rs 240. The stock can give a return of 51 percent.
National Thermal Power Corporation Ltd. (NTPC)
NTPC powers India’s growth through reliable electricity generation. They lead the transition toward renewable energy sources. Additionally, their thermal plants maintain high-efficiency levels. Most importantly, they invest heavily in solar and wind projects. The company shows strong financial performance consistently. The stock has given close to a 71.6% return in the last 1 year
Prabhudas Lilladher has given a buy call on NTPC with a target price of Rs 590 and a stop loss of Rs 360. The stock can give a return of more than 40 percent.
Also read…
Bharat Heavy Electricals Ltd. (BHEL)
BHEL manufactures heavy electrical equipment for power plants. The company has faced challenges in order bookings recently. However, their focus shifted toward renewable energy solutions. Besides, they maintain strong relationships with government projects. Their modernization efforts show promising results. The stock has given close to a 92% return in the last 1 year
The brokerage has set a target of Rs 390 per share for BHEL with a stop loss of Rs 215. The stock has the potential to give a 60 percent return.
Coal India Ltd. (COALINDIA)
Coal India leads India’s coal production sector with massive reserves. They supply fuel to numerous power plants nationwide. Moreover, their production capacity grows steadily each year. Additionally, the company focuses on sustainable mining practices. Their share price has shown strong performance lately. The stock has given close to a 55% return in the last 1 year
The brokerage has set a target of Rs 690 per share for Coal India and a stop loss of Rs 415. It can give a return of over 42 percent.
Written By: Dipangshu Kundu
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
