Thursday ( 5th On August 2021), both Sensex and Nifty (Nifty 50) reached record highs. When the Nifty crossed the 16,300 mark, the Sensex crossed the level of 54,700. There was a tremendous rally in the stock market in July. The market has not seen much rally in August so far, but Axis Securities believes that the market will perform better now. It is believed that by December 2021, Nifty can also reach 17,400.
Let us see which stocks Axis Securities has given buy advice this month and what is their target price-
ICICI Bank Rating – BUY target price of Rs -810, will increase by 18%
Bank management believes that different loans given by the bank will increase. Growth will increase. , Axis Securities believes that Axis Bank has more expansion potential than its peer banks
SBI, Rating – BUY, target price Rs -510, will increase by 18%
Axis Securities believes that the bank has a very strong unsecured lending profile.
Bharti Airtel, Rating – BUY, Target Price – Rs 700, will increase – 25%
The company’s connectivity business has grown by 23 to 31 percent in two years. 80 percent of its revenue is coming from 20 percent customers.
HCL Technologies Rating – BUY , Target price – Rs 1,150, will increase – 12 %
HCL Technology Limited Management has said that its ITS and ERS will increase but P&P will remain soft and will grow in single digit during FY 2021-22
Tech Mahindra, Rating – BUY, Target Price – Rs 1350, will increase – 12%
Tech Mahindra’s revenue growth for the first quarter of the current financial year has been better than expected. Its revenue during this period stood at Rs 10,198 crore. In the first quarter of the last financial year, it has increased by 4.8 percent.
LUPIN, Rating- BUY, Target Price- Rs 1400, will increase by -26%
LUPIN’s portfolio includes US marketed drugs such as Albuterol, Solosec and Levothyroxine. Its chronic portfolio is strong in India as well. Biosimilarities are likely to grow in its growth markets, which could boost its revenues.
Federal Bank: Rating – BUY , target price – 100 rupees, Will grow – 14%
Axis Securities says that the focus is on retail and strong fee income. This stock is showing strength due to adequate capitalization and better provisioning.
Equitas Small Finance Bank, Rating- BUY, target price- 76 will increase by Rs. : 21%
Axis Securities believes that due to increase in profits of Equitas Small Finance Bank, its rating will increase, asset quality and return ratio will also increase.
Varun Beverages, Rating – BUY, Target price – Rs 900, will increase – 18%
Varun Beverages has been doing well despite the Covid. Gross margins may be under pressure but earnings have been good.
(Article : Surabhi Jain)
(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.