The results of the second quarter are coming and the results of many companies are good in it, the results of the companies are good and the guidance is good, they have the advice to buy.
The stock market is expected to remain bullish for some time. Some analysts believe that the market may decline after Diwali. However, returns of up to 27% can still be available in select stocks.
Advice to buy Genuels India at the target of 455
Anand Rathi Financial Services has a recommendation to buy Granules India stock at a target of Rs 455. The company’s formulation is expected to grow 24% during the financial year 2020-23. It has secured 4 approvals from the US Food and Drug Administration (FDA) in FY 2021. One of these products has been launched. Also, 8 products are still pending approval. The company has developed 11 products. In the second half, it plans to launch 2 more products.
Buy Zee Entertainment shares at target of 220
The brokerage house has a recommendation to buy Zee Entertainment’s stock at a target of Rs 220. It is the leading company in the Hindi General Entertainment Channel (GEC) and also has all its sub-segments. It has a large segment, especially in the regional market. Also in the second half, it is expected that the company’s advertising revenue will increase.
Advice to buy Amar Raja Battery on 907
It has been suggested to buy Amar Raja Battery at a target of Rs 907. The company is doing good business in two-wheelers. The brokerage house expects the market share of its OEM and replacement business to grow. It is also entering the tower monitoring system. Its revenue can grow by 29% from FY 2020 to 2022.
SMC Global’s advice
Saurabh Jain of SMC Global has advised buying Tata Power Company stock at a target of Rs 69. It can get a return of 26%. The stock is currently trading at Rs 55. Tata Power is the leading power company in the country. It has a capacity of 12,742 MW. Tata Power has taken a lot of steps towards a growth strategy. The company is working on setting up Invit.
Return of 27% in JK Lakshmi
The same brokerage house has suggested to buy JK Lakshmi Cement shares at a target of Rs 368. It can get a return of 27%. Most of its sales are in the northern states. Its plants are very low cost. This company is a company of JK Group. It is a leading company in the cement sector. It has integrated cement capacity in Sirohi, Udaipur (Rajasthan), Chhattisgarh and Haryana, Orissa, Gujarat.
ICICI Securities Advice
ICICI Securities has advised investors to buy Mahindra CIE Automotive shares at a target of Rs 136. According to the report, this company has been earning well and has beaten all estimates. Its growth has been more than that of this industry. The same brokerage house has suggested to buy DB Corp shares at a target of Rs 75.
Decline in revenue
DB Corp’s EBITDA dropped in the second quarter of the current financial year. Its revenue has also declined. However, the company has saved considerable cost. This has helped in reducing its other expenses. Its advertising revenue has fallen by 38.3% on an annual basis. The company will also focus on cost savings in FY 2022.
Advice to buy Ultratech Cement at the target of 4,630
Similarly, it has advised buying UltraTech Cement shares at a target of Rs 4,630. Management of the company said that in September 2020 there has been a good rebound. The company expects a good pick up in October. The company aims to make it debt-free by FY 2023. This may lead to a bounce in its shares.