Top stocks to buy: Amazing recovery was seen in the Indian stock market on Friday, 19 December. After four days of decline, there was good trading in the stock market on Friday. Both Sensex and Nifty closed on the green mark. On one hand, Sensex closed at 84929 with a jump of 448 points. At the same time, Nifty also closed at the level of 25966 with a gain of 151 points. During this period, the performance of Midcap Index was also good, in which a gain of 718 points was seen.
Now the eyes of investors are fixed on the next trading week, which is going to start from December 22. For your convenience, we are going to tell you about some such stocks, which can bring you profit in the coming days. The special thing is that these stocks have been recommended by many top research houses like JM Financial, Anand Rathi Research, Jefferies and Motilal Oswal. Let’s take a look at these-
Aditya Birla Real Estate
Motilal Oswal has started coverage on Aditya Birla Real Estate. This domestic brokerage firm is bullish on the shares of the company. Aditya Birla Real Estate (ABREL) has been given a rating of ‘Buy’ and a target price of Rs 2275, which shows the possibility of an increase of about 33 percent from the current level.
Meesho
UBS has initiated coverage on Meesho with a ‘buy’ rating and a target price of Rs 220, which suggests the stock could rise about 29 per cent from its current level.
Eternal (Zomato)
Global brokerage firm Jefferies has predicted rapid growth for quick commerce and food delivery stock Eternal (Zomato). The brokerage has given ‘Buy’ rating to the company’s stock with a target price of Rs 480, which means it can rise by about 61 percent from the current market level.
Vishal Mega Mart
Brokerage firm Motilal Oswal Financial Services has started covering shares of value retailer Vishal Mega Mart Ltd with a ‘Buy’ rating. Also it has been given a target price of Rs 170. This means that shares can rise by about 25 percent from their current level.
Reliance Industries
Morgan Stanley has increased the target price for RIL from 1701 to 1847. According to Morgan Stanley, there are better prospects for the company in 2026 because Reliance Industries is going to enter its fourth monetization cycle. This is a stage in which refining, chemicals, telecom and retail are all expected to generate free cash flow at the same time. This is something the company has not achieved in the last three decades.
HAL
Brokerage house Anand Rathi Research has given buy rating to Hindustan Aeronautics and has set a target price of Rs 5950 for it.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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