These stocks could surge up to 63%, with bettors poised to make a killing! Brokerage companies express confidence.

Stocks to buy: While the stock market is currently under pressure, brokerages have identified some stocks that could generate significant profits in the long term. These have the potential to rise by 25-63%.

 

 

These stocks could surge up to 63%, with bettors looking to make a killing; brokerages express confidence.

 

Stocks to buy: If you're looking for profitable stocks, today we're going to tell you about some that could yield substantial profits in the long term. We're going to tell you about stocks that have the potential to rise 25-63% this year. Brokerages say investing in these stocks could be profitable. These include stocks ranging from housing finance to energy stocks and real estate companies. Let's take a look:

Suzlon Energy

Suzlon Energy is one of the world's leading providers of renewable energy solutions. With a market cap of ₹62,098 crore, the company is also a vertically integrated WTG manufacturer, providing installation and O&M for all WTG cells.

 

Brokerage firm Motilal Oswal has assigned a target price of ₹74 to Suzlon Energy. Currently, Suzlon shares are trading around ₹45.9, with an expected upside of approximately 61%. This rating is based on Suzlon's strong wind energy orders and the company's turnaround potential. 

NMDC

IDBI Capital has given a 'Buy' rating to state-owned NMDC with a target price of ₹125. Its shares are currently trading at around ₹76.6, suggesting a 63% increase from current levels in the near future. The brokerage has high hopes for increased iron ore demand and improved profitability. With a market cap of ₹67,135 crore, the company is engaged in the production and sale of sponge iron, diamonds, iron ore, and wind power. 

LIC Housing Finance Limited

IDBI Capital has a buy rating on LIC Housing Finance Limited with a target price of ₹688. LIC Housing Finance Limited shares are currently priced at around ₹509, suggesting a 35% upside potential. With a market cap of ₹27,891 crore, the company provides financing for the purchase and construction of residential flats and houses. It is registered with the National Housing Bank (NHB). 

Oberoi Realty

Oberoi Realty Limited (Oberoi Realty Group) is a real estate development company headquartered in Mumbai.

The company focuses on development in residential, office space, retail, hospitality, and social infrastructure verticals. ICICI Direct has a 'Buy' rating on the company, with a market cap of ₹52,397 crore, with a target price of ₹1,830, which represents an upside of approximately 25% from its current level of ₹1,462. The brokerage expects strong residential property sales and new project launches. 

ITC Hotels

ICICI Direct has a buy rating on ITC Hotels with a target price of ₹240.

ITC Hotels shares are currently trading around ₹183 and could rise by approximately 31% going forward. The brokerage expects strong growth in the hospitality and travel sectors.