Pinnacle Financial Services bring top 3 potential Stocks to deliver good returns even in volatile markets because most of the times retail investors miss big returns in volatile markets. Here we bring the top3 stocks which can give you high return in Long Term Investment. Here these are-
Maruti Suzuki: Buy For Target of 4891
As per our Weekly technical report and analysing its Q3 results our experts have set a long term target of4891 for Maruti Suzuki. Reported Q3 results of Maruti Suzuki are quite good. The company’s margins have also been spectacular. The company also hopes to further increasing. Maruti Suzuki is changing its business strategy as it launched cars more than Rs 10 which could get major advantage for its business along with its market valuation.
As per its Q3 Report the estimated margin was 16.5 per cent and which was came out as 16.3 per cent. While the expected profit was more than Rs 1,200 crore, but it is slightly lower than expected. Although continuously improving the performance of Maruti and the company exports are also growing. The company is focusing on marketing strategy and its raw material costs are also declining. The new plant is coming so its production capacity will rise in future. So invest in the stock at the current price may be for the next 1 year.
TATA Motors: Buy for Long Term Target of 518
As per Stocks Q3 report our research expert has suggested to invest in TATA Motors for long term investment with a target level of 518. As company shown the business plan for China Tata Motors could game changer in China business. The company itself indicated that the coming couple of quarters may have some difficulties in the Chinese market for the company. But it is prepairing for these difficulties in advance and also planing to launch some new products. The euro zone is also pressure on the company. Keeping these things we would not like to invest in Tata Motors at current levels. However, if we advice to go long with in long-term perspective in TATA Motors.
Buy ICICI Bank for Target of 400
Market report suggest to invest in ICICI Bank for long-term perspective with a target of 400. As per Pinnacle Financial Research experts ICICI Bank has a critical support level at 280. If someone have made a long position in ICICI Bank before results then he should keep eyes on 280 level. Because, if the level of Rs 280 break before or after the outcome of results, then will see a sharp decline. ICICI Bank should be Buy above Rs 305 level with stoploss of Rs 295. If the stock trades above Rs 305 then will get to see the big boom at Rs 325-330.
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