So far this year, the Sensex and Nifty have lost about 3 per cent. While the Sensex has weakened by 1720 points, the Nifty has a weakness of more than 450 points.
Buy Quality Stocks at Discount: So far in the year 2022, the stock market has given negative returns to the investors. So far this year, the Sensex and Nifty have seen a weakness of about 3 percent. While the Sensex has weakened by 1720 points, the Nifty has also seen a weakness of more than 450 points. The BSE500 index has also weakened by about 4 percent. Many quality stocks have also weakened in this fall of the market. Many of these stocks are such that there is no problem with the fundamentals, but they have weakened by 20 to 30 percent in the correction of the market. At present, some of these stocks running at discount are expected to move up strongly. We have selected 4 such stocks from brokerage houses.
JK Cement
Brokerage house ICICI Securities has given investment advice in the stock and has given a target of Rs 3935. The current price of the share is Rs 2277. In this sense, it can give 72 to 73 percent return. The company is also going to enter the paint business further. The focus of the company will be on achieving a significant market share in the paint business. Which will benefit. At the same time, with the increase in infra activity, the cement business will also grow. However, the risk factor is that coming into the paint business will increase the company’s expenses. Concerns about capital allocation will increase.
Jubilant FoodWorks
Brokerage house Motilal Oswal has given a target of Rs 3680 while advising investment in the stock. The current price of the share is around Rs 2500. In this sense, it can give 47 percent return. The brokerage says that the company has the ability to overcome the recent challenges. Due to the decline in the stock in the last few days, the concern about valuations has also reduced. Although there will be uncertainty in the near term due to the sudden resignation of the CEO of the company, but further growth is expected.
GR Infraprojects Ltd
Brokerage house ICICI Securities has given investment advice in the stock with a target of Rs 1780. In terms of current price of Rs 1442, it is expected to return 23 per cent in 1 to 1.5 years. GR Infraprojects has a strong order book. The company is working on many big projects of railways, metro and power transmission. The company is also focusing on generating 15-20% revenue from the non-road segment.
Lupine
Brokerage house Emkay Global has given a target of Rs 1100 while recommending investment in Lupine. The current price of the share is Rs 745. In this sense, 47 to 48 percent return can be given in the stock. The company’s total income in the December quarter has been Rs 4194.99 crore. At the same time, the profit of the company has been Rs 549.06 crore.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of The Financial Express. Markets are risky, so take expert opinion before investing.)
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