Today, the beers dominate the stock market for the fifth consecutive day. Both BSE and NSE have opened with a steep decline. The BSE Sensex was down 1.94%, or 937.66 points, to close at 47,409.93 points yesterday. At the same time, the NSE Nifty also lost 1.91% or 271.40 points to close at 13,967.50. Today at 12.25, the Sensex was down by 471.20 points at 46,938.73 points. Whereas, the Nifty was down 136.60 points to 13,830.90 points. Investors who invest in the stock market are currently in a wait and watch situation due to the fall in the market and the general budget.
Sensex has lost over 3000 points in the last 5 days. At the same time, Nifty has also fallen by about 900 points during this period. Due to this decline in the stock market, the steep decline in the stocks of these listed companies, investors now have the opportunity to buy the stocks of the companies in the fallen prices. In such a situation, the country’s famous brokerage firm Sharekhan has suggested that investors should place bets on these 10 stocks which can give investors up to 37% returns this year. These are the 10 stocking owners…
1. Century Plyboards:
Brokerage firm Sharekhan has set the target price of Century Plyboards stock at Rs 295 for the next one year. Today, its shares were trading at Rs 265.15, down 0.23% on the NSE at 11.30 am. That is, the company’s shares can give investors around 12% return this year. This year, the government is focusing on affordable housing and state governments are also focusing on the housing sector, which will benefit Century Plyboards. The company will also benefit from structural demand growth.
2. Titan Company:
Sharekhan has set a target price of Titan Company stock at Rs 1,710 for FY22. Today its shares were trading at Rs 1,446.15, up 0.38% on the NSE. That is, the shares of the company can give 18% returns to investors this year. The demand for jewelery in the country is expected to increase due to the wedding season. The company’s eyewear business has also increased profits and the company’s hand watch (Watch) business is also a growth momentum, with the brokerage firm suggesting betting on the Titan Company.
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3. Arvind Limited:
Brokerage firm Sharekhan has set the target price of Arvind Textile Ltd. stock at Rs 68 for the next one year. Today its shares were trading at Rs 51.85, up 4.43% on the NSE. That is, the shares of the company can give about 37% returns to investors this year. The government is trying to promote Indian Textile in international markets, which will benefit Arvind Limited. Arvind Limited may be rerating due to sustainable revenue growth and better margins. Because of this, Sharekhan has picked it up.
4. SRF Limited:
Sharekhan has given a buy rating to the stock of Titan Company and set its target price of Rs 6,760 for FY22. Today, its shares were trading at Rs 5,460.90, up 1.85% on the NSE. That is, the shares of the company can give 25% returns to investors this year. The company has increased capital investment in the speciality chemicals business, which will increase the company’s earnings and rerate its stocks. The company’s earnings growth is expected to be 23% CAGR in FY 2021-22. Also, its return ratio is also expected to be 21%. Because of this, Sharekhan has picked it up.
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5. Vinati Organics:
Brokerage firm Sharekhan has set the target price of Vinati Organics stock at Rs 1,550 for the next one year. Today, its shares were trading at Rs 1,194.25, up 0.53% on the NSE. That is, the shares of the company can give about 30% returns to investors this year. The company’s 12 new projects are in the pipeline and the export prospects in the chemical sector have increased significantly. The company has a dominant share in the global market, which is going to give tremendous profits to the company. For this reason, Sharekhan has suggested placing bets on Vinati Organics stock.
6. Repco Home Finance:
Sharekhan has given a buy rating to the stock of Repco Home Finance and has set a target price of Rs 330 for FY22. Today its shares were trading at Rs 243.10, down 1.76% on the NSE. That is, the shares of the company can give 35% returns to investors this year. The company’s asset quality is good. Just as there will be the recovery in the housing sector, the profit margins of the company will improve. The company’s business model is strong as well as it has got stable ratings, as well as attractive return ratios, which will benefit its investors this year.
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7. HCL Technologies:
Brokerage firm Sharekhan has set the target price of HCL Technologies stock at Rs 1,250 for the next one year. Today its shares were trading at Rs 947.10, down 0.81% on the NSE. That is, the company’s shares can give investors around 31% returns this year. The company’s earnings are expected to grow for the next 2 years. The company has received several new orders and several deals are in the pipeline. Also, the company has spent a lot on digital transformation. Because of this the brokerage firm has picked it up.
8. HPCL:
Sharekhan has given a buy rating to the stock of Hindustan Petroleum Corporation Limited and set its target price of Rs 275 for FY22. Today its shares were trading at Rs 219.95, up 1.52% on the NSE. That is, the shares of the company can give 27% returns to investors this year. The company is expanding its refineries in Mumbai and Vijag as well as setting up new refineries in Rajasthan. The company’s earnings have improved and valuations are attractive. Also, the dividend yield of the company is estimated to be 7%, which will benefit its investors this year.
9. Talc:
Brokerage firm Sharekhan has set the target price of Mastek’s stock at Rs 1,300 for the next one year. Today its shares were trading at Rs 1,122.40, down 0.98% on the NSE. That is, the company’s shares can give investors around 16% returns this year. The outlook for the company is positive and after recovery in the private sector of the UK, the company is expected to witness rapid growth. Because of this, Sharekhan has picked it up.
10. Tata Consumer Products:
Sharekhan has given a Buy rating to the stock of Tata Consumer Products and has set a target price of Rs 685 for FY22. Today its shares were trading at Rs 567.20, down 0.95% on the NSE. That is, the company’s shares can give 20% return to investors this year. The company is expected to report a growth of 23% by 2023. So brokerage firm Sharekhan has picked it up.
