Stocks

Indian stock market has been one of the best performing stock markets of 2023. In this article we are going to list top stocks to buy today. We have cherry picked these shares based on the outlook from top brokers in the industry. However, it must not be taken as a financial advice.

For the emerging economy, the year started with a huge crash in equities. Since then, the markets have shown a V shape recovery and the benchmark indices (BSE Sensex and Nifty 50) surged to new all-time highs. Here are top stocks to watch in August 2023.

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InterGlobe Aviation Ltd.

InterGlobe Aviation Limited, also known as IndiGo, is the largest airline in India by market capitalization and fleet size. It is headquartered in Gurugram, Haryana. The company's stock is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The NSE ticker symbol for InterGlobe Aviation is INDIGO, and the BSE ticker symbol is 539448.

Recently, ICICI Securities have given a bullish rating to the stock. The broker expects the stock to rise to Rs 3,328. This translates into a 32.44% upside from the current Indigo share price of Rs 2,512. The company's revenue and profits have grown significantly, and it has a strong balance sheet. The aviation industry is expected to grow in the coming years, and InterGlobe Aviation is well-positioned to benefit from this growth. This makes it one of the top stocks to hold in 2023.

Zomato Ltd.

Zomato Ltd. is an Indian online food delivery company. It is headquartered in Gurugram, Haryana. The company's stock is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The NSE ticker symbol for Zomato is ZOMATO, and the BSE ticker symbol is 543320.

ICICI Securities maintain a bullish rating on the Zomato shares. The broker expects the share price to appreciate to Rs 120. This will be a more than 25% upside from the current price of Rs 95.40.

Cholamandalam Investment and Finance Company Ltd.

Cholamandalam Investment and Finance Company Limited (Chola), is a non-banking financial company (NBFC) that offers a wide range of financial services, including vehicle finance, home loans, loan against property, SME loans, secured business personal loans (SBPL), etc. It’s stock trades on NSE as CHOLAFIN.

Motilal Oswal considers it one of the best stocks to buy as is immensly undervalued at its current price of Rs 1080. The online broker expects the price to rise till Rs 1350 in the coming months. This could generate 24.39% returns for the holders of Cholamandalam Investment shares.

Aptus Value Housing Finance India Ltd.

Aptus Value Housing is a real estate investment trust (REIT) that focuses on the development and management of residential properties in India. It is headquartered in Gurugram, Haryana. The company's stock is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The NSE ticker symbol for Aptus Value Housing is APTUSVAL, and the BSE ticker symbol is 543335. Here’s why it is the top stock to watch today.

Currently Aptus Value Housing Finance share price is trading at Rs 266.4. According to Axis Direct, the shares of the real estate giant may rally towards Rs 330 in the coming months. This means a potential 23.87% upside from the current stock price.