Stock Tips: Investors should adopt a long term investment strategy considering the current market conditions and include certain stocks in the portfolio.
Stock Tips: The budget for the next financial year 202-23 has been presented and on the day of the budget, except for the auto sector, other sectoral indices of Nifty were bullish. Although about 10 days have passed since the presentation of the budget and during this time there has been a lot of volatility in the market, so investors should adopt a special strategy for their portfolio. Investors should adopt a long-term investment strategy considering the current market conditions and include certain stocks in the portfolio. Investors can include Ashok Leyland, Kalpataru Power, JK Lakshmi Cement, Sobha and Oberoi Realty in their portfolio. These companies have not only performed well on the exchanges over the years; Rather, they are very strong in fundamental terms as well. According to the current market trends, they are expected to rise.
Ashok Leyland (Current Price – Rs 132.50)
Ashok Leyland is one of the stalwarts in the commercial vehicle industry with a market share of 28% in the MHCV segment. With the improvement in business sentiment along with spending on infrastructure, there is a possibility of increasing demand in the medium term. In the last financial year 2021, the production of MHCV industry was at a 12-year low and now due to the boom in the commercial vehicle segment, this industry has grown rapidly, which can benefit Ashok Leyland. Ashok Leyland will get the maximum benefit from the government’s spending on infrastructure and voluntary scrappage policy.
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Kalpataru Power (Current Price – Rs 388.10)
The company is engaged in the power, infrastructure and asset creation sectors in the domestic and international markets. The company’s single order book showed weakness sometime back due to expensive commodities, but recovery was visible in the current financial year 2022. The company is expected to benefit from the lifting of restrictions for World Bank projects. Apart from this, positive approach is also visible in domestic railways.
JK Lakshmi Cement (Current Price – Rs 520.00)
JK Lakshmi Cement is the country’s leading cement producing company which produces at low cost. Its business is likely to grow due to increasing expenditure on infra and construction. In the next financial year 2023, about 18 percent ROE (Return on Investment) is estimated, that is, investors will get great returns on investment in this.
Sobha (Current price – Rs 848.00)
The country’s leading real estate developer Sobha works in the field of residential and commercial real estate apart from contract business. About 70 percent of its residential business is in Bangalore, which is the IT hub of the country. New recruitment in the IT industry will increase the demand for properties in South India. Buyers are also now giving priority to Sobha Developers branded companies.
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Oberoi Realty (Current Price – Rs 910.00)
There is a bullish trend in the market regarding the real estate company Oberoi Realty. Its business is in the residential and commercial real estate vertical. Its financial performance in the December 2021 quarter has been good and residential properties are also showing signs of growth in the next few quarters. In this March 2022 quarter, the company has launched Elysian Tower B in Goregaon and will launch its next project in Thane in the next FY23.
Article: Jyoti Roy, DVP- Equity Strategist, Angel One Limited)
,The current price is the closing price on 11th February on NSE.)
(The stock recommendations given in the story are those of 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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