scorecardresearchPrabhudas Lilladher advises buying Infosys, Bank of Baroda, HUDCO; sees up to 24% upside

Prabhudas Lilladher advises buying Infosys, Bank of Baroda, HUDCO; sees up to 24% upside

Updated: 28 Dec 2022, 06:42 PM IST
TL;DR.
Brokerage firm Prabhudas Lilladher has picked Infosys, Bank of Baroda, and HUDCO shares as investment potential for the near term.
For Infosys, the brokerage said the stocks after the short correction consolidated and took support near the  <span class='webrupee'>₹</span>1,500 level, which it said is almost the 50 per cent retracement of the recent rally.

For Infosys, the brokerage said the stocks after the short correction consolidated and took support near the 1,500 level, which it said is almost the 50 per cent retracement of the recent rally.

(ANI): Brokerage firm Prabhudas Lilladher has picked Infosys, Bank of Baroda, and HUDCO shares as investment potential for the near term.

The target price for these stocks is pegged at 1,660, 200, and 63, with expected returns of 9 per cent, 10 per cent, and 24 per cent, respectively.

For Infosys, the brokerage said the stocks after the short correction consolidated and took support near the 1,500 level, which it said is almost the 50 per cent retracement of the recent rally.

Further, for Bank of Baroda shares, the brokerage said technical fundamentals indicate strength and it can carry on the momentum further.

So far in 2022, Bank of Baroda and HUDCO shares gave 117 per cent and 28.3 per cent returns to investors, respectively. Whereas, Infosys shares have declined about 20 per cent on a cumulative basis.

 

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First Published: 28 Dec 2022, 06:42 PM IST