Republic day Special: Republic Day is being celebrated in the country on Tuesday i.e. 26 January. From 26 January last year to 26 January this year, the performance of the stock market has been excellent. During this period, both the Sensex and the Nifty have given a high return of 17 percent in 1 year. During this time a lot of things were seen in the market. The market first hit a record high in February 2020, and in March 2020, the market crashed due to the coronavirus epidemic. Last year, the rally started in the market from September and it reached a new high in November. At the same time, in January this year, the Sensex crossed the level of 50 thousand for the first time.
26 January to 26 January
During this period, many factors continued to work in the market, such as lockdown, the historical decline in GDP, recovery, record rate cut interest, several measures to increase liquidity, weak consumption, record investment of foreign investors in the last months of 2020, geopolitical tension, Recovery in rupee, historical fall in crude again. Right now the market is at its record high, in such a situation, fear of a fall in the choice of new shares. Here we have selected some such shares based on the choice of a brokerage house, which can provide financial freedom.
At Cadila Healthcare, brokerage house MK Global has set a target of Rs 655, recommending Nivea. The current price of the share is Rs 465. In this sense, it can get 41 percent return. The brokerage says that the company’s business is better. The core business is continuously witnessing growth in double-digit. The EBITDA margin is projected to grow by 200 bps during FY20-23E. Some of the company’s upcoming new products will further strengthen Cadila’s product portfolio. The stock price is attractive.
Brokerage house Yes Securities in HDFC Bank has set a target of Rs 1870 while recommending the investment. At the same time, brokerage house Sharekhan has given a target of Rs 1810. The current price of the stock is around Rs 1445. In this context, the stock can get 30 percent return. The bank’s asset quality has improved in the December quarter. The bank saw a 15 per cent growth in net interest income, resulting in an increase of 18.1 per cent year-on-year to Rs 8,758 crore. Advance grew at 15.6 percent. The CASA ratio has improved to 43 percent.
Motilal Oswal, a brokerage house in IT company Infosys, has given a target of Rs 1600. While Sharekhan has advised investing in the stock with a target of Rs 1650. The current price of the stock is around Rs 1340. In this context, the stock can get a return of 23 percent. Infosys’ CC revenue growth in the third quarter was 5.3 percent on a quarterly basis, the highest in the last 8 years. Margins and dollar earnings increased in the December quarter. Management has increased revenue guidance for FY21 from 2-3 per cent to 4.5-5 per cent. Apart from this, the margin guidance has been increased from 23-34 per cent to 24-24.5 per cent.
Brokerage house Motaril Oswal has set a target of Rs 1,750, recommending Nivea in the shares of Titan Company. The current price of the stock is around 1500 rupees. In this context, it can get 15 percent return. Growth has been seen in every segment of the Titan Company, recovering from lockdown. The company’s business is coming to a level before the coronavirus epidemic. There is good growth in the jewellery business. This trend is expected to continue.
(Note: We have recommended the stock based on the brokerage house report here. The market has its own risks, so consult experts at your level before investing.)