The new fiscal year has started with some uncertainty amid the second wave of corona and rising commodity prices after the bull run of FY 2021. But analysts are very optimistic about economic growth and corporate earnings. Market analysts are finding many stocks quite attractive at the moment.
There has been a spectacular rally in the market in 2020-21. During this period, there has been an increase of nearly 70 per cent in the key indices, which has been the best performance of this decade. The market recovered strongly from the low of March 2020 and went above the record level of January 2020.
The large relief packages brought in to tackle taxonomy in the world’s largest countries, strong foreign institutional investment, signs of economic recovery, better-than-expected quarterly results and low interest rates were the reasons that led to the market in FY 2020-21 Got to see great speed. However, in recent weeks, the second wave of Corona has seen considerable fluctuations due to rising commodity prices, rising bond yields and a strengthening dollar index.
Vineet Sharma of Narnolia Financial Talking to Moneycontrol said that in FY 2021 most of the companies faced heavy upheaval. At the same time, technology-related companies were seen touching new heights. Despite all the challenges this year, the balance seat of most companies has strengthened.
Significantly, the Indian equity market saw an investment of Rs 2.7 crore from foreign funds this year. Market watchers say that the second wave of Covid-19 could disturb the market in the short run. But from a long-term perspective, there are good prospects for growth in the market. So far, good returns can be earned by investing in the short term.
Here we are going to tell the select stocks of veterans which can earn good in FY 2022.
Narnolia Financial Advisor’s choice of Vinita Sharma
HDFC Bank – The stock has a buy recommendation for a target of Rs.1785. Further, the bank’s credit growth is expected to remain strong. Personal loans, credit cards and whole sale are expected to do better business in all segments.
Infosys – This stock has a buy recommendation for a target of Rs 1550. The company’s business, market share is expected to increase further due to the increasing emphasis on digital transformation. The company bagged a $ 7.1 billion deal in the third quarter. Which is one and a half times higher than the entire FY 2020.
Nestle India: Has a buy recommendation for a target of Rs 19,150. The company continues to remain focused on its expansion plans. There is a plan to invest Rs 2,600 crore in the next 3 years. This will give a boost to the company’s business.
Religare Broking’s Ajit Mishra’s investment advice
Bharti Airtel – The stock has a buy recommendation for a target of Rs 709. The company will also benefit from the increased use of digital technology in the Covid era. The company’s customer base is also seeing steady growth. Further increase in tariff can also be seen.
Britannia Industries – The stock has a buy recommendation with a target of Rs 4,265. Further, there is a huge potential for growth in the company’s business. The company is focusing on new launches and new products. Apart from this, there is a lot of work to be done on the expansion of brand building and network. Which will be further benefited.
Mahindra & Mahindra – The stock has a buy recommendation on target of Rs 1,087. The company has a strong footprint in the agricultural equipment and automotive business. The company has a good reputation in rural areas. The company will further benefit from the growing demand for tractors in the country.
Ashika Stock Broking Ashutosh Mishra’s Picks
State Bank of India I recommend buying for a target of 500 rupees. In the coming quarters, the bank’s asset quality and loan growth may see a good growth, which will give the bank an edge on the path of profit in FY 2022.
Tata Steel Has a purchase recommendation for a target of Rs 1,000. Further reduction will be seen in the company’s debt level. The company has a strong presence across the steel value chain, making it one of the strongest players in its sector.
Tech Mahindra The purchase recommendation is for a target of Rs 1,400. The company is expected to benefit significantly in the 5G rollout in the absence of Chinese companies because of the company’s leadership position in the telecom sector.
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