According to ICICI Direct, IT can lead the rally in the stock market. Along with this, capital goods, BFSI, real estate and auto stocks can also see a rise.
The stock markets of the country saw good growth this year. Nifty registered a rise of 22 per cent, while Nifty Midcap 100 and Nifty Smallcap 100 registered a rise of 43 and 53 per cent, respectively. If you look at the history of the last three decades, you will find that this boom in the market can continue even further. According to ICICI Direct, IT can lead the rally in the stock market. Along with this, capital goods, BFSI, real estate and auto stocks can also see a rise. Mid and small cap stocks may see a boom in the coming few years. Let’s see which stocks are likely to be profitable in the new year
Bharti Airtel
Target Price – Rs 956
With the increase in ARPU and 4G subscriber base, the company has made very good profits in the second quarter of FY 2021-22. Net profit in the second quarter stood at Rs 1134 crore and EBITDA increased by 6.3 percent as compared to the first quarter. Choice Equity Broking has given it a BUY rating and has a target price of Rs 956. That is, this stock can increase by 41.5 percent from the current level.
Aditya Birla Fashion & Retail
Target Price – Rs 360
There has been a recent investment in Aditya Birla Fashion and Retail (ABFRL). Due to this its net debt has come down from Rs 2500 crore to Rs 870 crore. This stock has risen sharply and it is showing signs of further strength. According to ICICI Direct, this stock can reach Rs 360 in the coming months.
ICICI Bank
Target Price – Rs 900
ICICI Bank’s profit has increased by 30 percent in the second quarter of the financial year 2021-22. Loan growth has been 17 per cent. Net interest income ie NII has increased by 24.8%. Choice Broking has given a BUY rating to this stock with a target price of Rs 900.
United Spirits
Target Price – Rs 1080
This year saw good growth in the stock of liquor companies. United Spirits came out of a six – year consolidation phase this year . Now it may see a new bull cycle . This share can go up to Rs 1000 in the near term. ICICI has given it a BUY rating with a target price of 1080. That is, it can see an increase of 22 percent from the current level.
Stock Tips: These two stocks can make great earnings up to 17%, this is the opinion of experts about the movement of the market
HDFC Life Insurance
Target Price – Rs 833
The company has given very encouraging results in the second quarter of the financial year. The premium for new business has been Rs 6596 crore, which is 12.3 percent higher than the second quarter of the previous financial year. The premium collection has grown by 14.2 per cent over the last financial year. Choice Broking has given it a BUY rating with a target price of 833.
(The stock recommendations given in the story are from the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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