Freedom Stocks: Today, on Saturday, August 15, the country is celebrating its 74th Independence Day. The stock market performance has been weak from August 15 last year to August 15 this year. During this period, both Sensex and Nifty set record highs this year. At the same time, due to the Coronavirus, the market reached its lower levels by unravelling in March. During this period, many factors such as coronavirus, the global slowdown, sluggish GDP, weak consumption, geopolitical tension, liquidity crisis, trade war and rupee and crude dominate the market. Right now, experts are assuming that unless a clear roadmap will be brought to remove the slowdown, the market will remain volatile. In such a situation, we have selected some such shares for you which can overcome your financial stress.
August 15 to August 15: Market Flat Return
If we talk about the last one year from August 15 to August 14, that is, the returns of Sensex and Nifty have been flat. During this period, the Sensex has returned 1.49 per cent and the Nifty has returned 1.39 per cent. During this period, the midcap index has risen by more than 7 per cent. Whereas Smallcap index give negative ringsby. During the last 1 year, Nifty Bank had the biggest decline of 23 per cent. Broader market i.e. BSE 500 gave a mild return of 2.5% during this period.
However, during this period, some shares gave up to 666 percent. Of these, 666 per cent from Adani Green Energy, 273 per cent at Alkil Emran, 238 per cent at Dixon Tech, 230 per cent at Granules India, Naveen Fluorine at 197 per cent, 196 per cent from Laurus Lab.
During this period, some stocks received negative returns of up to 87 per cent. Among these, 87 per cent in Gayatri Project, 77 per cent in Reliance Capital, 75 per cent in Future Retail, 71 per cent in Arvind Fashion, 70 per cent in Diwan Housing and 67 per cent in PNB Housing Finance.
You can get good returns in these stocks
Target: Rs 280
Return Estimate: 45%
Current Price: Rs 196
State Bank of India has also performed better in a challenging environment. SBI’s profit increased by 81 percent in the June quarter. The bank made lump sum profits by selling a stake in SBI Life. The bank’s NII stood at 26,641 crore which is better than expected. Asset quality has improved and gross NPAs have fallen from 6.15 per cent to 5.44 per cent in the June quarter. Brokerage house Sharekhan has given a target of Rs 280, seeing a 45% return in the bank. The current price of the share is Rs 196.
Target: Rs 141
Return Estimate: 100%
Current Price: Rs 71
Ashok Buildcon is an infrastructure company with a good track record. The order book of the company is strong due to the timely disposal of the project. The company has performed well even after the lockdown. The profit of the highway maker increased by 6.7 percent to Rs 69 crore in the first quarter. The company has controlled its expenses. The best thing is that the availability of labels has improved, due to which the work on the project is accelerating.
Target: Rs 159
Return estimate: 159 percent
Current Price: Rs 32
Despite the pressure situation due to the lockdown, NCC’s performance in the June quarter has been better than expected. The company’s revenue has fallen by 46 percent on an annual basis. While EBITDA margin was 9.8 per cent which is better than expected. In the lockdown, the Infra Company’s operations were mostly closed at the site. However now it has started slowly. By September 2020, 80 to 90 percent of the bounce back is expected in the labour force. Execution Momentum is strong. The company’s profit was 17.01 crore in the June quarter. The company’s working capital level is strong. The track record of working on time is better. Brokerage house Prabhudas Liladhar has given a target of Rs 83 for the stock. In terms of the current price of Rs 32, it can get a 159 per cent return.
Target: Rs 1100
Return Estimate: 25 percent
Current Price: Rs 882
The integrated net profit of pharmaceutical company Aurobindo Pharma increased by 22.81 per cent to Rs 780.68 crore in the June quarter. The main reason for this is the increasing sales of the company in the US market. The company’s revenue grew by about 9 percent to Rs 5,924.78 crore during this period. The company’s performance has been better amid challenging times. The operation of the company was also not affected in the lockdown. The company has also announced an interim dividend of Rs 1.25 on each share. The company’s ARV and API segment has seen growth. Brokerage house ICICI Direct has set a target of Rs 1100 for the stock. The stock can get 25 per cent growth from the current price of Rs 882.
(Note: We have given information here based on the report of the brokerage house. There are risks in the market, so be sure to consult the experts before investing.)