Dhanteras Stocks Shopping: When it comes to Dhanteras, it is usually discussed on this occasion to invest in metals like gold and silver. However, many people consider investment auspicious on this occasion, apart from metal. If you too are looking for other investment options other than gold on Dhanteras, then the stock market may be a better option for you. The stock market is such a place where if you choose the right investment, you can get high returns in a very short time. We have selected 5 such shares for you here, in which you can get up to 58 per cent returns in the next few months.
Market moves since Dhanteras
Since October 27 last year, the Sensex has received more than 11 per cent returns so far. The Sensex was at 39058 levels on 2 October 2019. It closed at 43,357 on November 12, 2020, up 11 percent. During this time, the BSE Smallcap index has been the fastest.
The Smallcap index rose from the level of 13310 to the level of 15232, which means it was up 14 per cent. At the same time, the midcap index rose by 7 percent and rose from the level of 14441 to 15544 level. Talking about the broad market, the BSE 500 has yielded more than 8 per cent. The index rose from 15048 to 16302.
Infosys’ revenue and margins in the second quarter have been better than expected. Infosys has also increased revenue and margin guidance, which strengthen the company’s outlook. In the second quarter, the company has received the highest number of deals so far. In the second quarter, the company has signed a new deal worth 315 crore dolly. During this time, 5 new clients have been added in the 100 million dollar band. Infosys’ orderbook is also very strong. Brokerage house Motilal Oswal has given a target of Rs 1355 while recommending investment in the stock. From the current price of 1123, it can get 21 percent growth.
NCC Limited is among the top construction companies in India in terms of revenue. Brokerage house HDFC Securities has given a target of Rs 60 in the stock, which is 58 per cent higher than the current price of Rs 38. In the lockdown, the operations of the infra company remained mostly closed at the site. However now it has started slowly. Labor force has got a good bounce back. The track record of working on time is better. In the second quarter, the company has a revenue of 1540 crores. The company is shocked at the front of EBIDTA margin. In the second quarter, the company received orders worth 3000 crores. Capacity utilization capacity has reached 90 percent.
Brokerage house Prabhudas Liladhar has given a target of Rs 403 in Gujarat Gas. In terms of current price of Rs. 310, you can get 30% return in it. The brokerage raised the earnings estimate for the company to 24 per cent in FY21E. Expectations have been raised by volume recovery and margin expansion. The company’s financial results have been better in the second quarter due to increased volumes.
Brokez house MK Global has advised to invest in Bandhan Bank with a target of Rs 425. In terms of current price of Rs 337, it can get 26 percent return. The bank has reported a profit of 920 crores in the second quarter, while income has increased by 22 per cent to Rs 2,304.90 crores. NII also grew more than 25 percent. The asset of the bank has been improved. Gross NPA has come down from 1.8 per cent to 1.2 per cent. At the same time, net NPA decreased from 0.6 percent to 0.4 percent. Bandhan Bank’s network has been strengthened across the country. The focus of management is to further improve asset quality.
Godrej Consumer Products
Ventura Securities has advised Nivea with a target of Rs 900 in Godrej Consumer Products. In terms of current price of Rs 688, it can get 31 percent return.
(Note-investment advice is given by the brokerage house. Please check any advice at your level or through your experts. There are risks of investing in the market, so caution is necessary.)