Brokerage call: 3 debt-free stocks to BUY next week for strong upside potential
Until there is enough cash flow to support future expansion and steadily improving year-over-year sales and earnings growth, a debt-free business will seem more attractive to investors. potential investors. However, it is always best to look for other financial health and ratios other than a company’s balance sheet showing zero debt. SBI Life Insurance, NOCIL Ltd and Jubilant Foodworks Ltd are the three companies without debt according to Value Research and after their Q1FY23 results, brokerage firms are bullish on these stocks. ICICI Securities has set a target price of ₹1500 for SBI Life Insurance shares, Sharekhan, a brokerage firm, has set a price target of ₹348 for NOCIL Ltd., and a target price of ₹675 for Jubilant Foodworks. These stocks can be watched in the coming week, based on the brokerage’s buy recommendation.