Stock Market: In Samvat 2077, the stock market has set a new record. During this time, the Sensex crossed the level of 44 thousand for the first time and broke the level of 44200. At the same time, the Nifty has also crossed the 12900 level and now it is eyeing 13000. Stock market experts say that from the current level, the market can give double digit growth in the next one year. He says that the economy has now opened up and is in recovery mode. In such a situation, in the year 2021, there will be a rally in the market amid mild lightening correction. But rally does not mean that you can play bets on any stock. Experts or brokerage houses are advising some fundamentally to stay away from weak stocks.
IRB Infrastructure
IRB Infrastructure is the largest construction company in the country in the BOT space, which specially builds roads and highways. The company was formed in 1998. The second quarter did not go well for IRB Infrastructure. The company has incurred a loss of 20 million post consolidated. Revenue, EBITDA and adjusted PAT in the construction business decreased by 43% / 41% / 77% on an annual basis. Interest expense has increased by 14 per cent on an annual basis. Cash flow visibility has improved, but the order book remains weak. Brokerage house Motilal Oswal has given a target of Rs 103, giving a neutral rating on the stock. The current price of the share is 120 rupees.
Grasim Industry
Grasim Industries Limited is the flagship company of the Aditya Birla Group. The company is especially in the field of textile manufacturing. Although the company’s business is diversified. Grasim has benefited from reduced fixed casts in VSF and chemical segment. EBITDA has reduced by 40 per cent on an annual basis. The company has approved the disinvestment of the fertilizer business. The company is slowly recovering from Covid 19. However, some pressure may remain. Brokerage houses MK Global and Motilal Oswal at Grasim Industries have both suggested a hold with a target of Rs 905 and Rs 805.
SBI Alert! UPI transaction fails and money deducted from account, do this work for refund
ONGC
ONGC is India’s largest oil and natural gas company. The company has a 75 percent contribution in domestic production. After the production cut by OPEC and non-OPEC countries, crude prices are expected to remain at $ 36/41 per barrel in FY21 / 22E, as against $ 59 per barrel in FY20. Due to the lower oil and gas realization, both the company’s profits and revenue can be affected further. Revenue in 2QFY21 has been 4% lower than expected. Brokerage house HDFC Security has set a target of Rs 70, recommending reducing the share. Currently, the stock is worth Rs 72.
(Note: We have given this information based on the report of the brokerage house. There are risks in the stock market, so consult the experts before investing.)
Source: www.financialexpress.com
#Samvat #Stock #market #remain #vigorous #stocks #distance #sink #money
