Stock Tips: Nifty 50 is showing a bullish trend and according to analysts can reach the level of 17745 in the next one year. According to a report by domestic brokerage and research firm Prabhudas Lilladher, investing in equities remains attractive due to adequate liquidity, low interest rates and recovery expectations. However, there is a need to be careful about rising volatility and investment by retail investors.
According to the brokerage firm, the Nifty may rise by 6 per cent, but the third wave of Corona, reduced bond purchases by the Fed, hike in the repo rate by the RBI, global capital inflows and geopolitical instability are the risks that can be seen in the Nifty. Bull run is associated with. Let us tell you that the market was negatively affected due to Corona epidemic, although the situation is improving now. The global brokerage and research firm has designed a model portfolio that can give investors more than 20 per cent returns.
Stock Tips: Fall in Nifty is a golden opportunity to enter the market, you can earn 13% profit in a month by investing in these two stocks
HDFC Bank – Buy
Target price: Rs 1,870
The brokerage firm has given a buy rating to HDFC Bank and holds the highest stake in its model portfolio. Analysts expect HDFC Bank’s revenue to grow by 12.1 per cent in 2022 and 15.8 per cent in 2023. According to analysts’ estimates, the bank’s earnings will grow at the rate of 17.5 percent in 2022 and 19.9 percent in 2023. According to the management of HDFC Bank, the collections had increased in June and there was a sharp jump in July. Analysts have set a target price of 20 per cent higher for the stock.
Mahindra & Mahindra – Buy
Target price: Rs 961
This new stock has been included in the model portfolio of Prabhudas Lilladher and has been given a weightage of 0.4 per cent. The management of Mahindra & Mahindra believes that the sales growth of their tractors will be in single digits in FY 2022 and when it comes to personal vehicles, the company’s revenue will increase due to strong demand for Thor and Bolero Neo. So far this month, its prices have strengthened 6 percent and now it is trading at a price of Rs 776. According to analysts, this stock can give investors up to 23.8 percent profit.
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Indraprastha Gas – Buy
Target price: Rs 662
According to analysts, the revenue of Indraprastha gas is expected to grow by 25.8 per cent in the next year and 19.1 per cent in the next year 2023. Its volume growth has been affected for some time due to the pandemic but still it remains the preferred stock for analysts. Its prices have strengthened 3.6 percent this year. Analysts have set a target price of 25.8 per cent higher i.e. Rs 662 for this stock.
Hindustan Petroleum Corporation – Buy
Target price: Rs 404
HPCL’s stock has strengthened by 16 per cent this year and looks like it will continue to rise further. Prabhudas Lilladher believes that the earnings of this company can grow at the rate of 6.1 percent in 2022 and 12.2 percent in 2023. Analysts have set a target price of Rs 404 for the stock, which is about 57 per cent higher than its current price of Rs 257.
(Article: Kshitij Bhargava)
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)