Brokerage firm SMC Global said in its report that due to the lifting of economic restrictions, there is a strong recovery in earnings of companies, due to which the bull run in the stock market is going to continue. If you are also thinking of investing in the stock market during the auspicious time of Diwali, then SMC Global has selected 9 stocks for you. According to the brokerage firm, these stocks can make good earnings in the coming time. So let us know which stocks have been selected for Diwali Muhurta of SMC Global and what is the target price for them-
State Bank Of India (SBI)
SBI is witnessing strong growth in revenue. At the same time his credit log has also come down. The brokerage has given a buy rating to SBI with a target price of Rs 577. According to the brokerage, SBI shares can reach this price in the next 8-10 months.
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ICICI Bank
The bank is focusing on increasing its operating profit with minimal risk rather than loan growth. Hence, “It is expected that the stock may reach the target price of Rs 874 in the next 8-10 months.”
L&T
The company will maintain the No. 1 position in the E&C segment in India and will be in a position to benefit from the huge future spending on infrastructure in the country. SMC has given a target price of Rs 2120 for the stock.
DLF
Despite the business being affected in the second wave of Corona, DLF has maintained its financial performance. In such a situation, the brokerage has given a target price of Rs 474 for this stock.
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Endurance Tech
The company’s balance-sheet is strong and its liquidity position is also good. The government has announced several relief measures for the automobile sector. It will also benefit from this. SMC has given a target price of Rs 2,047 to the stock for the next 8-10 months.
Welspun India
The brokerage has given a target price of Rs 193 for this stock. The brokerage said the company is committed to achieving sustainable and profitable growth over the long term.
Prestige Estates
The brokerage said, “Despite all the challenges, Prestige posted record sales in this quarter. The company has also launched several new projects which have helped it increase sales. Hence, the target price of Rs 529 for the stock is Rs. are given.”
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KEC International
According to the brokerage, the company is performing well and the management believes that the T&D domestic, railways and civil segments will help it drive growth. The brokerage has given the stock a target price of Rs 555 for a period of 8 to 10 months.
Philips Carbon Black
“The improvement in freight traffic coupled with a pick-up in road construction, the government’s focus on infrastructure, ever-increasing demand for e-commerce, spurt in mining activity is expected to drive volume growth for this company,” the brokerage said. SMC has given a target price of Rs 294 for the stock.
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