Stock Market: Experts are bullish on the market even further, but are not even denying possible correction in the coming days.
Top Stocks For Investment: Bull dominates the stock market once again. After Monday’s fall, the market has again gained momentum and is growing close to record high. With the low of March, where the market has gained close to 80 per cent, on this year, the Sensex and Nifty have given 12 per cent and 11.5 per cent returns. Although experts and global agencies are bullish on the market even further, but there is no denying the possible correction in the coming days. They say that the market is expensive but good. At present, many investors are also cautious in view of high valuations. In such a situation, it is better to keep an eye on cheap and strong fundamental stocks till the market gets a new trigger.
The advantage of investing in cheap and strong fundamental stocks is that they do not have much effect of market fluctuations. At the same time, when the market picks up, investors also get the benefit of growth due to the strong fundamentals. If you are also looking for some such stocks, then we have given some information here. These include shares such as Filatex India, NTPC, NRB Bearings, Orient Cement and Federal Bank.
Filatex India Limited is India’s leading polyester filament yarn manufacturer. The company ventured into manufacturing in 1994, today the company has a strong presence in India’s textile industry. Brokerage house ICICI Direct has suggested an investment in the stock with a target of Rs 55, while the current price of the stock is Rs 43. That is, you can get 28 percent return from the current price in the stock. According to the report, the company is benefiting from the increase in raw material prices. At the same time, there is an improvement in the margin and the pre is coming at the level of COVID. Manufacturing is also now at normal level. Being a leading player, the company will further benefit.
NTPC Limited is India’s PSU company in electricity generation and allied activities. Brokerage house Sharekhan has advised to invest in NTPC with a target of Rs 140. In terms of current price of Rs 98, the stock can get 43 per cent return. NTPC’s Earnings We Jibility is better. PAT is expected to be 19% CAGR during FY2021E-FY2023E. The company will benefit by achieving commercialization target. The company’s operational performance has improved. The company will benefit from a better mix of renewable energy. Due to the power section relief package, the DU of power generation companies can also be cleared soon.
NRB Bearings is the ISO 9001 Certified Best Bearing Manufacturer Company and today about 90 percent of the vehicles running in India are part of NRB. The company manufactures Needle Roller Bearing. The company’s results in the second quarter are encouraging. The production level has accelerated. At the same time, the company has also got the benefit of festive demand. The company’s orders have also increased due to higher exports and higher demand for tractors. The company’s revenue in the second quarter has been close to 198 crores, which is just 4.6 percent less on an annual basis. However, EBIDTA margin has improved by 530 bps to 15.4 per cent. PAT has been Rs 11 crores.
(Note: We have given information here based on the report of the brokerage house. Seeing the risk of the market, consult the experts before investing.)