Holi Stocks: Holi festival is very popular in India. Today i.e. on March 29, Holi, a festival of colors, is being celebrated all over the country. It is said that Holi fills the color of happiness in the lives of people. In terms of investment, there should be some such shares in your portfolio which can help in increasing your wealth. In the stock market, there are many colorful stocks dyed in the color of Holi, which are ready to fill your portfolio. In such a situation, investors also have the opportunity to choose such shares on Holi, so that they can get better returns till the next Holi. Experts and brokerage houses are also recommending investing in some stocks. Here we are telling about some such stocks which can give you good returns ahead.
Reliance Industries
Reliance Industries stock can be a profitable deal for you at the current price. Brokerage house Jefferies has raised the target to Rs 2600, recommending investment in Reliance Industries. In terms of current price 1994, it can get 30 percent return in the next few months. The brokerage house believes that there will be a strong growth in Jio in the coming days. During FY 2021 to 2023, RIL’s telecom arm Jio is expected to grow at 25 per cent. At the same time, 43% growth in the retail business of Reliance can be seen during this period. Whereas B2C business can have 49 per cent share in EBITDA. While Reliance Industries’ balance sheet is strong, share sales in oil-to-chemical (O2C) can also be a big trigger. Reliance Industries had introduced the outline of the demerger plan for the oil-to-chemical business.
Cadila Healthcare
Cadila Healthcare stocks can also add color to your portfolio. In Cadila Healthcare, brokerage house MK Global Financial has suggested investment with a target of Rs 650. In terms of current price of Rs 420, the stock can get 55 per cent return. Cadila has just announced the revlimid patent suit set up with the innovator Celgene (BMS). This is positive news for the company. Although the settlement term has not been disclosed yet. The company earned Rs 3823 crore in the third quarter, which is 4.5 percent higher on an annual basis. While there has been a profit of 512.50 crores.
ICICI Bank
Brokerage house Dolat Capital has advised to invest in ICICI Bank with a target of Rs 770. In terms of current price of Rs 578, the stock can get 33 percent return. The bank’s focus is on core profitability with steady growth. The bank is continuously improving its asset quality. Loan growth is getting better. The balance sheet is strong with customer base. A strong capital position is the bank’s strength. At the same time, the stock is at a good valuation after correcting from its high. The stock can be invested at current prices.
(Discliamer: We have given investment advice here based on the report of the brokerage house. There are risks in the market, be sure to consult the expert before investing.)
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