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Top 6 Fundamental Stocks Pick: The markets closed with a huge decline on Friday (January 3), the last trading session of the first business week of the new year. Major benchmarks Sensex and Nifty remained in red after opening with a slight gain. Amidst this turmoil in the market, selected stocks in the portfolio can make good profits from a long-term perspective.
Brokerage research firm Mirae Asset Sharekhan has advised buying 6 strong stocks with strong fundamentals. Along with this, a target has been given for a timeframe of more than 12 months. These stocks include Oberoi Realty, VBL, Godrej Consumer, Radico Khaitan, ICICI Bank, Ramkrishna Forgings. Investors can get a return of up to 50 percent in these.
Oberoi Realty
The brokerage has recommended buying on Oberoi Realty. The target price on the stock is Rs 2694. The stock closed at Rs 2250 on January 3, 2025. At this price, investors can get a strong return of 20 percent in the next one year. In the last one year, this stock has given more than 55 percent return to the investors.
VBL
The brokerage has a BUY rating on VBL. The target price per share is Rs 750. The stock was at Rs 651 on January 3, 2025. Investors can get 15 percent return on this stock in the next one year. In the last one year, the return of this stock is flat at around 33 percent.
Godrej Consumer
The brokerage has maintained a buy recommendation on Godrej Consumer. The target price per share is Rs 1675. The stock price on January 3, 2025 was Rs 1115. In this way, the stock can show an upside of about 50 percent in the future. This stock has had a negative return of 4 percent in a year.
Radico Khaitan
The brokerage has maintained a buy rating on Radico Khaitan. The target price of the stock is Rs 2996 per share. The stock settled at 2579 on January 3, 2025. Thus, the stock can generate a return of 16 percent at the current price. The return in the last one year has been 55 percent.
ICICI Bank
The brokerage has recommended buying ICICI Bank. The target price is Rs 1550. The stock was at Rs 1265 on January 3, 2025. From here, the stock can show an upside of 22 percent in the next one year. In the last one year, this stock has given a return of about 28 percent.
Ramkrishna Forgings
The brokerage has recommended buying on Ramkrishna Forgings. The target price is Rs 1111. The stock was at Rs 916 on January 3, 2025. From here, the stock can show an upside of 21 percent in the next one year. In the last one year, this stock has given a return of about 28 percent.
