Top Stocks Idea: Today, after 3 days of pressure in the stock market, we are seeing the glory again. Market sentiments have improved due to cues from the US Fed. In such a situation, if you are also looking for some better stocks to invest in, then this report can be of your use. The veteran global brokerage house, after its research, has given information about some such stocks, whose fundamentals are seen to be strong. There is an expectation of further growth in the sector related to these shares. These stocks include ITC, M&M, Bandhan Bank, HUL and Dalmia Bharat. These stocks have become the choice of different brokerage houses.
ITC
Advice: Buy
Target: Rs 251
Brokerage house Morgan Stanley has advised investment over FMCG company ITC giving an overweight rating. The brokerage has set a target of Rs 251 for the stock. The current price of the share is 210 rupees. According to the brokerage, there is a presumption of less increase in tax in the coming days. In such a situation, ITC will return profits from the cigarette business. According to the brokerage, the return of the cigarette business to profit is not yet a discount in the stock market. That is, the stock will gain from this sentiment.
THEIR
Advice: Buy
Target: 2625
Brokerage house CITI has set a target of Rs 2625, recommending buying in HUL. The current price of the stock is Rs. 2226. According to the report, there is a steady improvement in the company’s underline growth. With the improvement in the economy, demand will increase, which will benefit the company. The prices of some products are expected to increase, which will increase margins.
Dalmia India
Advice: Buy
Target: Rs 1900
Dalmia from brokerage house CLSA has set a target of Rs 1900, recommending investment in India. At the same time, Goldman Sachs has advised to invest in the stock with a target of Rs 1715. The current price of the stock is Rs 1523. According to CLSA, the company is in a strong growth region. There are reports of increasing prices in some areas in the country in the coming days. The company is increasing its capacity. Goldman Sachs says that the valuation of the stock is attractive compared to other companies.
Bandhan Bank
Advice: Buy
Target: 484
Brokerage house Goldman Sachs has advised to invest in Bandhan Bank and has set a target of Rs 484 for the stock. The current price of the share is Rs 336. According to the report, Bandhan Bank’s fundamentals are better and valuations are cheaper accordingly. Despite pressure, RoA may remain 4.6 per cent in FY22-23. RoE is estimated to be 26 per cent during FY22-23.
M&M
Advice: Buy
Target: 1150
Brokerage house CLSA has set a target of Rs 1150, recommending purchase in M&M. The current price of the share is 837 rupees. The core EPS has been reduced by 3-7 per cent for FY 2021-23. The tractor industry growth is projected to be 8 per cent for the financial year 2022-23. The SUV launch and recovery in LCVs will see an improvement in auto segment margins.
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