Top Stock Idea: It is easy to earn money if you identify good investments in the stock market. Then it is not necessary that only well-known or large market cap companies can give good returns. There are many cheap stocks in the current market, whose fundamental experts are looking strong. Many times investors are not caught on such shares. On the other hand, a good rally has come since the low of March. Investors are also afraid of another correction. In such a situation, it is better to include some stocks in your portfolio that are cheap. Because they will not have much effect on market fluctuations. At the same time, good growth can also be found in the rally. We have selected some such shares here.
Profit of hydropower company NHPC declined by 13 per cent to 855.49 crores in the June quarter. However, there was a slight increase in the total income and it was Rs 2,914.02 crore. The blended realization was up 0.8 per cent year-on-year to Rs 3.23 / unit. PLF is reduced by 68 per cent on an annual basis. EBITDA fell 5.5 per cent to Rs 1420 crore. Further improvement in the performance of the company is expected. Brokerage house MK Global Financial says the valuation of the stock is attractive. There is an investment recommendation with a target of Rs 27. In terms of current price of Rs 21, it can increase by 29 per cent.
ONGC’s sales in the June quarter were in line with estimates. EBITDA got better than expected due to control over other expenditures. Gas production decreased due to the decrease of some customers in the lockdown. However, now it is slowly improving. Production is expected to increase further. ONGC is currently in a better position in terms of cash. Global demand will increase in the coming days, which will benefit the company. Brokerage house Motilal Oswal has suggested an investment with a target of Rs 105, MK Global Rs 100 and ICICI Securities Rs 124. In terms of current price of Rs 76, you can get 63 percent return.
Arvind Limited is the flagship company of Lalbhai Group which is a textile manufacturer. The company’s headquarters is in Naroda, Ahmedabad. The company makes cotton shirting, denim, knits and bottom weight fabrics. Arvind Limited’s performance in the domestic and international markets in the June quarter has been affected by the lockdown. There has been a 68 percent drop in revenue. In denim and gourmet segment 75-80 percent recovery has come from pre COVID level. The Woven business has recovered 60 percent. The company’s business is better and there is no shortage of cash. Brokerage house Sharekhan has a target of Rs 43 for the stock. In terms of the current price of Rs 33, you can get 30% return in the stock.
Sadbhav Engineering Limited is a Gujarat based civil engineering construction company. The company is engaged in road, highway construction, bridge, mining and irrigation supporting infrastructure. The company has a strong client base and includes NHAI, Sardar Sarovar Narmada Corporation, Coal India, GIPCL, GHCL, L&T, HCC and Punj Lloyd etc. In the stock, brokerage house Sharekhan has given a target of Rs 75. In terms of current price of 54 rupees, it can get 39 percent return.
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