Brokerage Favourite Stocks: On Tuesday, March 9, the Sensex once again crossed the 51000 level. At the same time, the Nifty has also crossed 15000. Considering the high valuation of the stock market, experts and brokerage houses are advising to invest only in those stocks which have strong fundamentals and companies which are expecting better earnings. If you too are thinking of investing money in the market, then on the basis of the report of the brokerage house here, we have selected some such stocks in which they have advised to invest. Brokerage houses form their opinion about the stock after research, in case there is any risk in that stock, then it is covered. At the same time, after becoming the choice of brokerage, the sentiment about those stocks is also better.
Kajaria Ceramics
Brokerage house Sharekhan has set a target of Rs 1200, recommending investment in Kajaria Ceramics. In terms of current price of Rs 975, the stock can get 23 percent return. According to the report, growth in the tile industry is estimated at 8.6 percent CAGR from 2020 to 2027. The growth of Qajariya may be higher than the average growth of the industry. The company’s product exports are strong. Domestic demand is also better. The company will benefit from stable pricing and increasing domestic market share. The company is on the path of high growth due to structural demand drivers.
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Gujarat state petronet
Brokerage house Motilal Oswal has set a target of Rs 400, recommending investment in Gujarat State Petronet. The current price of the stock is 277 rupees. In this context, it can get 44 percent return in the next few months. Gujarat State Petronet holds a 54 per cent stake in Gujarat Gas. Net profit of the company grew by 59 percent to 650 crore in December quarter, while net sales were up 8.4 percent at 3,282.56 crore. The brokerage believes that further tariffs are likely to come down, which could be a concern, but the company is showing good growth.
CSB Bank
Brokerage house Dolat Capital has set a target of Rs 320 on the recommendation. The current price of the share is 256 rupees. That is, the stock can get a return of 25 percent in the next few months. According to the report of the brokerage house, CSB Bank has been going through the phase of transformation for the last few years. Especially since December 2016 when the new CEO was appointed. Apart from strengthening the top management, the focus of the bank is to clean the balance sheet. The focus is on core operating metrics. The bank has no shortage of capital and is in a very good position to increase its growth from here. In the December quarter, the bank’s profit grew nearly 89 per cent year-on-year to Rs 53 crore.
(Note: We have given the stock information here based on the report of the brokerage house. The stock market has its own risks, so get expert advice before investing.)