There are number of quality stocks which is trading below Rs 100. Buying the following shares can give you atleast 30% from current market price. The shares which we are going to share have corrected 60% from its all time high. So buy and hold the recommend shares in portfolio atleast for a year.
Tata Motors Ltd: Buy Tata Motors at current market price Rs 95 for target 175. Buy and hold to reap huge profit as it has unperformed so far. Once it breaches level of Rs 100 short covering can be seen, immediate resistance will be around Rs.132. The buying rationale is company’s focus on electric cars also with China providing stimulus for economic growth JLR sales will see an uptick opening avenues of growth for the company.
Khadim India Ltd: Buy Khadim India at current market price Rs 93 for target 150. The buying rationale in leather companies will get back on track once again after lockdown. It has came down from high Rs 349 to Rs 69 low. So we predict the share price going up looking at the festive season ahead.
Indian Oil Corporation Ltd: Buy Indian Oil Corporation at current market price Rs 87 for target 140. The company has a high dividend distribution rate. A gem which is trading below Rs 100 can be bought for higher returns. Lower inventory costs will be tailwind for the company.
Gail India Ltd: Buy Gail India Ltd at current market price Rs 95 for target Rs 135. Gail is the largest state-owned natural gas processing and distribution company in India. It has corrected from its high Rs 182 and one could buy for current market price for good investment return.