Angel Broking expects the recovery process to continue in the economy. Strong festive demand and pick-up in the service sector will support the economy. Angel Broking believes that the market will be further supported by banking and consumption stocks. Apart from this, the IT sector will also show good growth. Angel Broking has suggested Ashok Leyland, Stove Kraft, Shriram City Union, Federal Bank, Suprajit Engineering, Carborundum Universal, Sobha, Lemon Tree Hotels as Diwali picks. Let us take a look at them
Federal Bank | Federal Bank has a buy call on Angel Broking with a target of Rs 135. The brokerage house believes that the asset quality of the bank has shown improvement in the second quarter and will continue to improve further.
HDFC Bank | This stock has a buy call on Angel Broking with a target of Rs 1859. The brokerage house says that the asset quality of the bank is in very good shape and further growth will be seen in the business of the bank.
AU Small Finance Bank | This stock has a buy call on Angel Broking with a target of Rs 1520. The brokerage house is of the opinion that the bank has come out of its bad phase and will see good growth in its asset quality and business going forward.
Shriram City Union | This stock has a buy call on Angel Broking with a target of Rs 3002. The brokerage house says that despite the COVID-19 crisis, the asset quality of the company has not deteriorated further, it will see further improvement.
SAIL shares jump 12%, Q2 profit shows a jump of 10%, know what is the brokerage’s opinion
Suprajit Engineering | Angel Broking has a buy call on this stock with a target of Rs 425. The brokerage house believes that there will be good growth in the business of the company going forward. The company is in the process of coming up with new products. There is no major threat to it coming fast in the electric vehicle segment.
Sona BLW Precision Forgings | This stock has a buy call on Angel Broking with a target of Rs 775.
Hot Stocks- Angel One: Sameet Chavan’s short term trading picks that can generate huge profits
Also Angel Broking’s Ramkrishna Forgings for a target of Rs 1545 inAshok Leyland for a target of Rs 175, PI Industries For a target of Rs 3950, Carborundum Universal For a target of Rs.1010, Whirlpool India With a target of Rs 2760 in Lemon Tree Hotels for a target of Rs 84, Safari Industries India For a target of Rs 979, Stove Kraft 1288 for a target of Rs. Amber Enterprises I have buy advice with target of Rs 4150.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.follow on
.