Top Stock Tips: These days, a big reason behind the ups and downs in the stock markets around the world is the election in the US. In the November 3 election, it will be decided whether Trump will return to power or farewell. There are frequent surveys in the US about this, due to which there is an atmosphere of political uncertainty. Its effect is visible in the markets around the world. Whether or not Trump will return will have a positive or negative impact on the global market. In fact, any movement in the US market has an effect on the global market as well as the domestic market. In such a situation, here we are giving information about some India-themed stocks, in which most of the ups and downs are due to domestic reasons. That is, their performance will not be affected by the US election or will be very less.
Dixon Technology is in a good position in the electronic equipment segment. Dixon Technology is benefiting from the Make in India theme, which has led to better performance of the company. The company has taken the decision of mobile local manufacturing opportunities. The synergies with big companies like Samsung and Xiaomi have also helped the company grow. The company’s mobile revenue can see 8 times growth by the next financial year. Recently, there was a continuous increase in production cast in China, which led to the move of many companies to India. The company’s order book is strong for FY 2020–21. The company will also get the benefit of corporate tax reduction. Brokerage house Dolat Capital has a target of Rs 10700 for the stock. The current price of the share is Rs 9500. In this sense, it can get 13 percent return.
PI Industries is a fast-growing agro science company. The company’s business model is unique in Agro Chemical. The company is connected to more than 84000 retail points in the country. The company’s second-quarter results have been better. Growth in revenue and EBITDA margin was 12.4 percent and 269 basis points. The company’s revenue has increased due to the strong domestic business. The domestic business has grown by 33 per cent on an annual basis. The orderbook of the company is very strong. Management has kept 20% growth guidance for FY2021E. Brokerage house Dolat Capital has suggested investing in the stock with a target of Rs 2450.
In auto company Hero MotoCorp, brokerage house Motilal Oswal has given a target of Rs 3700. The current price of the stock is Rs 2837. In this context, it can get 30 percent return. Hero MotoCorp made a profit of 874.80 crore in the second quarter, which is 9 per cent higher on an annual basis. Total revenue from operations of the company increased by 24 percent to Rs 9,367.34 crore. The EBITDA margin was 13.7 per cent in the second quarter compared to 3.6 per cent in the June quarter.
Axis Bank has turned profitable from losses in the second quarter and has a net profit of about Rs 1683 crore. The bank had a loss of Rs 112 crore in this period last year. This profit was due to the increase in assets of Axis Bank. The bank’s net interest income has increased by 20 percent. The retail fee income has been healthy. Strong balance sheet with control opex, retail growth, loan growth, higher disbursement and SME portfolio is increasing the attractiveness of the stock. The bank has also improved its asset quality during this period. Brokerage house MK Global has given a target of Rs 620 in the stock. In terms of current price of Rs 520, you can get 20% return in the stock.
(Note: We have given information on the basis of brokerage report here. There are risks in the stock market, so consult experts before investing.)