Amid positive global market cues, the local stock market is set to showcase its strength. Today, on October 17th, investors might witness favorable buying opportunities. It’s worth noting that the market had experienced a downturn during the previous trading session on October 16th. However, impressive results in the current company earnings season have rendered certain stocks particularly attractive from an investment perspective. Here’s a compilation of 5 stocks recommended by brokerage houses, touted for promising long-term returns:

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  1. Sunteck Realty Share
    • Brokerage Recommendation: Nuvama suggests buying.
    • Target Price: ₹578 per share.
    • Recent Price (as of October 16, 2023): ₹476 per share.
    • Potential Return: Investors could potentially gain up to 21% per share.

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  1. HDFC Bank Share
    • Brokerage Recommendation: Nuvama has given a buy signal.
    • Target Price: ₹1,770 per share.
    • Recent Price (as of October 16, 2023): ₹1,532 per share.
    • Potential Return: Investors might see a 15% return on a per-share basis.

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  1. Angel One Share
    • Brokerage Recommendation: Motilal Oswal advocates for purchase.
    • Target Price: ₹2,550 per share.
    • Recent Price (as of October 16, 2023): ₹2,052 per share.
    • Potential Return: A promising upswing of up to 24% per share is anticipated.

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  1. HDFC Life Share
    • Brokerage Recommendation: Motilal Oswal recommends a buy.
    • Target Price: ₹700 per share.
    • Recent Price (as of October 16, 2023): ₹630 per share.
    • Potential Return: Investors can expect up to 24% growth per share.

  1. Federal Bank Share
    • Brokerage Recommendation: Nuvama has a buy stance.
    • Target Price: ₹180 per share.
    • Recent Price (as of October 16, 2023): ₹148 per share.
    • Potential Return: The forecast indicates a 22% return per share.

For those looking to diversify their portfolio or make strategic moves in the stock market, these stocks come highly recommended by seasoned brokerage houses. As always, potential investors should conduct their own research and consult with financial experts before making any investment decisions.