In the times of volatility in the stock market, investors are looking for such stocks, which can give stable returns. As the market is consolidating itself, this demand is increasing. Renowned brokerage companies have recommended buying of some such shares in their recommendation.
Godrej Properties
Rating – BUY
Target Price – Rs 2837
Current Price-2022 Rs.
Brokerage Firm – Edelweiss
Brokerage firm Edelweiss has expressed good prospects in Godrej Properties. It says that Godrej Properties is at the forefront of companies that have benefited the most from consolidation in real-estate. It is one such developer which has increased market share in every city it has presence in. It is the largest participant in the new projects launched in Pune during the financial year 2021-22. This is the second major partner in this case in NCR. Godrej Properties is the only major company in the country’s four important markets with the lowest unsold property inventory.
According to Edelweiss, the company will continue to outperform and take advantage of the revival in housing demand. It has kept its target price at Rs 2837 per share and has maintained its ‘BUY’ rating.
Reliance Industries
Rating – BUY
Target price Rs-2950
Current price- Rs 2413
Brokerage Firm – Jefferies
Well-known research and brokerage firm Jefferies has focused its recommendation on Reliance Jio. The brokerage firm says that Jio has increased the pre-paid tariff by 20 percent in the smartphone segment. Jio has retained its tariff discount as compared to Bharti Airtel. Along with this, the number of its subscribers has also not decreased. Therefore, the EPS of Reliance Industries can be three to four percent (estimated) in the financial year 2023-24.
Due to an estimated 6 to 7 percent increase in ARPU, the valuation of Jio can reach around Rs 7 lakh crore. However, if the infection of the new variant of COVID increases, then due to lockdown or other restrictions, the fuel and retail business of Reliance Industries may be hit. In view of all this, along with maintaining the BUY rating of Jio, its target price can be kept at Rs 2,950.
(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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