Best Stocks Idea in High Valuation Market: The rally that started in the stock market last year is still going on. While the Nifty has crossed 14500, the Sensex is also moving towards 50 thousand. Since the low of March last year, the index has gained more than 25 thousand da points. In such a situation, the valuation of the market is now high. Experts are also assuming that the market is in an overbought situation and any negative trigger can cause correction in the market. In such a situation, investors are also advised to be cautious about new investment in the market and to invest in quality stocks only. In the high-value market, we have selected 4 such midcap and smallcap stocks, which are worth less than Rs 100.
Mangaluru based Karnataka Bank is a class schedule bank in the private sector. The bank has a strong network through 862 branches and 1026 ATMs across the country. The company has reach in 22 states. Brokerage house Anand Rathi has set a target of Rs 85 while recommending investment in the bank. In terms of current price of Rs 65, the stock can get 31% return. The asset quality of the bank is now improving. Most of the NPAs have been identified. The brokerage estimates that earnings will improve in FY 2022. The valuation of the stock is attractive, in such a situation one can buy from the current level.
Arvind Limited is a Tex tile manufacturing company in India; The company’s headquarters is in Naroda, Gujarat. The company manufactures cotton shirting, denim, nites and bottomweight fabrics. Brokerage house Sharekhan has advised to invest in Arvind Limited with a target of Rs 68. The current price of the share is Rs 53. In such a situation, the stock can get 28 percent return from the current price. Sarkar’s focus on the tile tile industry is included in Arvind’s benefits. Further, the growth of the textile industry in the country is looking good. The demand for textile products is also increasing. The company’s business has now recovered. In the third quarter, it can come up to 80 percent of the pre covid level. There will also be benefit of increase in the price of exports and export demand.
JMC Project (India)
JMC Project Limited is India’s Leading EPC Construction and Infrastructure Company. The company has reached many countries. The company has a strong workforce of over 3000 professionals. The company is working on new technology. The company’s customer base is also strong. Brokerage House Sharekhan has set a target of Rs 83, recommending investment in the company’s stock. In terms of current price of Rs 70, it can get 19 percent return. Road project awarding and construction activity has been accelerated. Toll Project Revenue. Has increased Further road construction activity is expected to be further accelerated.
Brokerage house ICICI Direct has set a target of Rs 105 in Minda Corp shares. The current price of the stock is Rs 89. In this context, the stock can get 18 percent return. Minda will prove to be a big winner from the recovery on auto sector, especially in two wheelers. Rural demand is expected to remain strong in the coming days due to better monsoon. The company’s revenue mainly comes from Bajaj, Hero and TVS.