Top Stock Picks of 2022: In the new year 2022, excellent returns can be achieved by investing in these stocks.
Top Stock Picks of 2022: This year, investors in the stock market got great returns from the equity market, but the next year is going to be more challenging. Given the rising fear of inflation, it is likely that most central banks may increase interest rates to reduce liquidity. Apart from this, the uncertainty due to the new Omicron variant of the corona virus in the next year 2022 may also have an impact on the market. However, if we talk about the best stocks to invest in the new year 2022, ONGC, SBI, GAIL, HDFC Bank and TCS are looking strong on the charts.
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ONGC
The government’s decision to increase the price of natural gas by 62 percent will increase the profits of the companies. The company’s EBITDA is likely to increase next year on the back of 5-7 per cent growth in costlier crude oil and ONGC’s production volume. In such a situation, the debt-to-EBITDA ratio of the company may strengthen to between 1.6x-1.9x next year. Technically, Moving Averages (MAs), Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and Stochastic are also showing strong trends on the daily chart. In such a situation, in the year 2022, ONGC can reach a price of Rs 170.
GAIL (INDIA)
GAIL India’s sales have increased on the back of a boom in marketing profits and its earnings have increased. The company’s earnings have been supported by higher gas prices and may continue next year as well. Gail India’s profit is also likely to increase due to increase in gas consumption. On the daily chart, its price is getting support at Rs 140 level and buying trend is getting support at 200 days moving average. Apart from this, RSI is also in the lower zone, due to which GAIL’s prices are expected to reach Rs 165 in the near term.
HDFC Bank
HDFC Bank is a great investment option due to strong capitalization, increased liquidity, low NPAs and increasing income. Right now its prices are above 100-200 DEMA (Double Exponential Moving Average) on the daily chart. Apart from this, its price is above the Parabolic SAR on the weekly chart, which is showing a positive trend. Next year the prices of HDFC Bank can reach the level of Rs 1750.
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TCS
Due to strong dollar, digitization and business reforms, the technology sector is strong and its strength is going to remain in the next year 2022. The prices of TCS (Tata Consultancy Services) are above Pisces, whose upper band is in the north-ward direction, indicating a rise in its prices. Most of the oscillators are also showing signs of a bullish trend. Next year its prices can reach the level of Rs 3600.
SBI (State Bank of India)
Right now this stock is above all moving averages, due to which there is a possibility of further increase in it. Apart from this, RSI, MACD, ADX (Average Directional Index) are also in the comfort zone, due to which a bullish trend is showing in it. In the coming months, this stock can reach the level of Rs 600.
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This year has been great for the domestic equity market
This year 2021 was very good for the domestic equity market and for the first time the Sensex crossed the level of 61 thousand and Nifty 50 crossed the level of 18 thousand. Improvement in macro indicators, strong global liquidity, pick-up in economic activity, pick-up in vaccination, recovery in consumption, easing of monetary policy and sharp recovery in corporate earnings supported the market this year, on the basis of which Sensex and Nifty reached record highs. . Banking, Infra, IT, Auto, Metals and Pharma stocks gave excellent returns this year. The government is preparing for several structural reforms in manufacturing and infrastructure, due to which mid and small caps can perform better than expected next year. Apart from this, economic activities are coming back on track and corporate earnings are also increasing, due to which the market is expected to remain strong next year as well.
(Article: Ravi Singh, Vice President and Head of Research, ShareIndia Securities)
(The stock recommendations given in the story are from 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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