Best Stock Tips: Pressure is clearly visible on the stock market amid the second wave of corona virus. The SENSEX has weakened to near 9% from its record high in February. The stock market experts are not denying volatility in the market even further. If the corona virus is not controlled soon, then the current decline in the market may continue even further. In such a situation, investors are cautious and are avoiding entering the market with huge amount. In such a time, if you are also afraid of investing, then it is better to invest in those stocks which are cheap and their fundamentals are seen to be strong. Here we have selected a few cheap stocks like this for 100 rupees.
The biggest advantage of choosing fundamentally strong cheap stocks is that there is no big block in it with you. At the same time, with the stock becoming cheaper, you get an opportunity to diversify your portfolio well. If the market fluctuates, then its effect on cheap stocks is also lessened. At the same time, when the sentiment of investors is strong and the rally starts in the market, then there is good growth in these stocks.
Fineotex Chemical
Brokerage House Choice Equity Broking has fixed a target of Rs 105, recommending investment in Fineotex Chemical. The current price of the stock is Rs 68, that is, in this context, it can get 55 per cent return. Fineotex Chemical (FCL) is the country’s leading specialty chemical manufacturer. The company’s products are mainly used in textile sector, water treatment, leather, construction and paint sector. Apart from India, the company also has manufacturing facilities in Malaysia, whose joint production capacity is 43000 tonnes per annum. There are more than 450 products in the portfolio. The company has a good track record in chemical industry. 52% of the company’s revenue comes from overseas business.
Marin Electricals
Brokerage house Profitmart Securities has a target of Rs 81, recommending investment in Marin Electricals. The current price of the stock is Rs 67, so in that sense it can get 21 per cent return. Marin Electricals was established in 1978. The company is among the leading companies in electrical solutions in the country, including low voltage, medium voltage electrical systems and titration products. The company is in the marine and industrial business segments. The company has a strong client base and major clients include Indian Navy, Mazgaon Dock, Goa Shipyard, Garden Reach Shipbuilders and Cochin Shipyard.
Indian Hotels
Brokerage house Anand Rathi has fixed a target of Rs 130 while recommending investment in Indian Hotels. The current price of the stock is Rs. 98, in that sense, it can get about 33 percent return. The presence of Indian Hotels in the Indian hotel sector is strong. It can benefit from strong brand equity and better diversification portfolio in business segment. The company’s business may see a complete revival from the first quarter of FY 2023, although this is dependent on the speed of the corona vaccination. The company does not lack liquidity.
Minda Corporation
Brokerage house ICICI director has advised to invest in Minda Corporation with a target of Rs 120. The current price of the share is Rs. 97. In this context, it can get 24 percent return. The company’s revenue mainly comes from Bajaj, Hero and TVS. If there is recovery in the auto sector, especially in two wheelers, Minda will prove to be a big winner. A good monsoon is expected in the coming days, due to which the rural demand is expected to remain strong.
(Note: We have given information here based on the report of the brokerage house. In view of the risk of the stock market, be sure to consult the experts before investing.)
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