Along with Coal India and HAL, these 5 stocks will give huge returns, Jefferies gives buy rating

New Delhi. There has been a sharp decline in the stock market in the last two months. Even in this month i.e. November, the market is in the grip of recession. Every person investing money in the market is worried due to the correction in the market. Everyone is looking for such stocks which can give them good returns. Brokerage firm Jefferies has advised investors to invest money in five stocks. Brokerage says that these shares will rise significantly in future.

The 5 stocks on which Jefferies has now started its coverage include government company Hindustan Aeronautics (HAL), Punjab National Bank (PNB) Coal India, Godrej Consumer Products and Indigo. Brokerage says that at present the valuation of these stocks has become quite attractive.

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Coal India
Jefferies has advised investors to invest money in coal company, Coal India. To give huge dividend to the shareholders, Coal India’s shares are trading 25 percent below their 52-week high. Its current market price is Rs 410. Jefferies has set the target price of this stock at Rs 570.

Hindustan Aeronautics Limited
Jefferies is also bullish on PSU defense stock Hindustan Aeronautics Limited (HAL) and has advised investors to buy this stock. Currently, this stock is trading at Rs 4087 and is trading 28% below its 52-week high. Jefferies has set the target price of HAL shares at Rs 5,725.

indigo
Shares of the country’s low-cost airline company Indigo can also give good profits to investors in the future, according to Jefferies. The brokerage says that currently the stock is trading 23 percent below its 52-week high. The current market price of Indigo is Rs 3890. The brokerage has fixed its target price at Rs 5,100.

Godrej Consumer Products
Godrej Consumer Products is currently trading at Rs 1175. This stock is now 24 percent below its all-time high. Jefferies says that this stock has the potential to give 17 percent returns in the coming time.

Punjab National Bank
The current market price of government-owned bank Punjab National Bank is Rs 99. Currently it is trading 31 percent below its 52-week high. Jefferies has set the target price of PNB shares at Rs 135.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 is not responsible for any profit or loss of yours. will be.)

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