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Friday, January 28, 2022

Top Stock Idea: These stocks have come up to 65% discount this year, but further

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This year has been very volatile for the stock market. The stock market set a record high before the March decline due to the lockdown. Both Sensex and Nifty reached record levels. But the stock market reached its lows in March. During this time most of the shares were beaten fiercely. There was a recovery in some stocks after the March low, while some remained in decline. There are many such stocks in the market which have come at a 65 percent discount amid this year’s fluctuations. But the current price is expected to increase well. Based on the report of the brokerage house, we have selected 4 such shares.

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IndusInd Bank

Talking about IndusInd Bank, the stock has fallen about 65 percent this year. The stock is trading around Rs 530, breaking down from Rs 1510. However, according to brokerage house LKP Securities, the stock is expected to grow well. The brokerage has given a target of Rs 705 for the stock. That is, it can bring 33 percent growth from the current price. The bank’s net profit fell nearly 64 per cent to 510.34 crore in the June quarter. Net interest income was also better than expected at 3309 crore. Improvement in asset quality is positive for the stock. The net bad asset ratio has fallen from 1.23 per cent to 0.86 per cent on an annual basis.

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Chalet Hotel

The Chalet Hotel’s share has fallen nearly 60 per cent so far this year to Rs 138.10. During this time, the stock has lost about Rs 210. Bro mortgage house Angel Broking has a target of Rs 2000 for the stock. The current price can increase about 45 percent. The company is associated with Aurism and Hospitality. The company’s business has suffered a lockdown. But there is hope for better growth ahead. Chalo Hotel’s conso sales declined 77 per cent to 52.62 crores in the June quarter. However, after the lockdown opens, the company’s business is seeing growth.

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Raymond shares have also suffered a lockdown. So far this year, the stock has fallen about 56 per cent and is tugging at a price of Rs 290. The stock has fallen by Rs 378 this year. Now it is expected that with Unlock 5 its business will increase and the shares will return faster. Brokerage house LKP Securities has a target of Rs 485 in the stock. In terms of the current price of Rs 290, it can increase by 67 percent. According to the report, now after the lockdown opens, once again the buyer is returning to the market, the company will get the benefit.

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RBL Bank

The shares of RBL Bank have fallen by 51 percent so far this year and it is trading at a price of Rs 169. The stock has fallen by Rs 175 so far this year. Brokerage house Motilal Oswal has given a target of Rs 230 in the stock. In terms of the current price of Rs 169, it can increase by 36 percent.

(Note: We have given this information based on the performance of the stock and the report of the brokerage house. Seeing the risk of the market, consult the experts before investing.)

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Source: www.financialexpress.com

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