The financial year 2020-21 has proved to be a boon for the equity market despite continued upheavals due to the corona virus epidemic. In FY21, investors have received strong returns from the stock market. In the new fiscal year 2021-22, now the focus is on increasing demand as well as increasing earnings growth. In FY21, midcap and small cap stocks have outperformed largecap stocks.
According to brokerage firm Axis Securities, the trend is likely to continue in FY22 as well. Axis Securities expressed the expectation that the earnings growth of the broder market would be quite strong. In its report Axis Securities has suggested to invest in these 15 Hot Stocks in April 2021 that can give investors 10% to 30% returns.
These are the top pics of Axis Securities…
Brokerage firm Axis Securities has suggested to include stocks of ICICI Bank in its portfolio. The brokerage firm has hoped that higher loan growth, increased operating profit and increased return on capital implosion (ROCE) and return on average assets (ROAA) by FY22-23E will benefit the company’s stocks.
For this reason, Axis Securities has given a target price of Rs 720 for ICICI Bank stocks. Bank stocks were trading at Rs 572.45, down 3.69% at 2 pm today. That is, bank shares can give 25% returns to investors this financial year.
The target price of SBI stocks has been given by the brokerage firm at Rs 477, while today the shares of the bank are trading at Rs 354, losing 4.48%. That is, SBI shares can give up to 34% returns to investors this year.
With the improvement in asset quality outlook, increase in capitalization and loan growth, recovery in economy is expected to benefit SBI. Its return on equities is expected to be between 13 and 15% in FY22-23E.
Federal bank stocks can give 20% returns to investors. The current market price of the company’s stocks is close to Rs 78, while brokerage firm Axis Securities has fixed its target price at Rs 93.
Axis Securities says that the bank will benefit from the focus on retail customers, increase in fee income and adequate capital with the bank. The brokerage firm expects the bank’s valuation to increase.
Equitas Small finance Bank
Axis Securities said that Equitas Small Finance Bank is fully expected to be re-rated due to continuous increase in profit, improvement in asset quality and increase in the return ratio. Due to this, the brokerage firm has given a target price of Rs 72 for its stocks, while its current market price is close to Rs 60. That is, the bank can give up to 18% returns to its customers.
Brokerage firm Axis Securities has given a target price of Rs 1230 for the stocks of this company, while the current market price of its stock is Rs 1009. That is, the company can give 22% return to its investors this year. The brokerage firm expects revenue of the company to grow by 11% and earnings by 31%.
The company has taken several steps to increase its EBITDA margin. Also launched several value added products with new biosimilar products. The company has reduced manpower by reducing procurement costs as well as rationalized its R&D cost, which is expected to benefit the company significantly.
With this weight, Axis Securities has set a target price of Rs 1225 for Lupine Pharma stocks, while its current market price is Rs 1027. That is, the company can give up to 20% returns to its investors this year.
The company can offer 12% returns to its investors. The company’s EBITDA margin is healthy with operating cashflow and asset returns. Due to this, the brokerage firm has given its target price of Rs 1013, while its current market price is Rs 904.
Camlin Fine Science
According to Axis Securities, Camlin Fine Science can offer 18% returns to its investors. Its target price is Rs 165, while its current market price is Rs 139.
Similarly, Amber Enterprises can offer 12% returns to its investors. The target price of its stocks is Rs 3658, while its CMP was Rs 3247.55.
Minda Corporation’s target price brokerage firm has fixed Rs 121, while its CMP is Rs 101.35. That is, the company can give investors up to 20% returns.
Similarly, the target price of Steel Strip Wheels has been fixed by the brokerage firm at Rs 877 and its CMP is close to Rs 720. In such a situation, the company can give 21% return to the investors.
The target price of Tech Mahindra’s stock has been given by Axis Securities at Rs 1116. The company can offer 12% returns to its investors. At the same time, Bharti Airtel can give 30% returns to investors this year. The target price of its stocks has been given by the brokerage firm Rs 676. While the current market price of its stocks is close to Rs 520.
HCL Tech shares can give investors 13% return in the short term.
Axis Securities gave a target price of Rs 1136 for its stock, while its shares closed at Rs 1002 yesterday.
Similarly, shares of cement company ACC can give investors near 10% returns in the short term.
The brokerage firm has given a target price of Rs 2100 per share of ACC stocks. While the shares of the company closed at Rs 1913 yesterday.
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