All the best wishes to all of you on Holi.
Remained in the red mark in the Indian market for the first 3 consecutive weeks of Holi. However, it is worrying. Nevertheless, market experts believe that from a long-term perspective, the outlook of the market is excellent and the recent correction in the market is a good correction. The valuations look good in the wake of this correction. This time there is a good chance for investors to grab good shares getting cheaply.
Here are some such shares that you can add to your portfolio on this auspicious occasion of Holi and make your next Holi even more colorful.
Angel Broking Picks
HCL Technologies Angel Broking has a buy recommendation on the stock with a target of Rs 1,161. Currently, the stock is seen around Rs 960. One can easily see an upside of 21 per cent in this stock.
IDFC First Bank Has a shopping recommendation with a target of Rs 77. Currently, the stock is seen at Rs 57.75 level. The stock may see an upside of 33 per cent.
Angel Broking says that IDFC First Bank is making very good progress in its Transformation Journey. V Vaidyanathan’s leadership will further strengthen the bank’s business.
Galaxy Surfactants Has a buy recommendation with a target of Rs 2,750. Currently, the stock is seen around Rs 2,387. This stock can easily see a growth of 15 per cent.
Galaxy Surfactants is the leader in making oleochemical based surfactants. Most of this chemical is in home care and personal care products. The company is constantly focusing on its capacity expansion and growth. At current valuation, the stock looks very attractive.
Carborundum Universal Has a shopping recommendation with a target of Rs 600. Currently, the stock is around Rs 476. The upside of 26 per cent can be easily seen in this stock.
It is a Murugappa Group company that produces abrasives, industrial ceramics, refractories, and electro minerals. The company will benefit from the increasing demand for these products in the country.
Narnolia Financial Advisors Picks
In tech mahindra Shopping with a target of Rs 1200 is advisable. Currently, the stock is seen around Rs 990. The stock may see an upside of 21 per cent.
Experts believe that the company has mastered the telecom sector. Further, the company will strongly benefit from the 5G rollout in the country.
V-Mart Retail Has a purchase recommendation with a target of Rs. 35,00. Currently, the stock is seen around Rs 2,723. The upside of 29 per cent can be easily seen in this stock.
The company is continuously working on its expansion plan. Recently, its Rs 375 crore QIP has been successfully closed. The company will use the money raised through it in its expansion and digitization.
Britannia Industries The stock has a buy recommendation with a target of Rs 41,00. It is currently trading at 3505. It can see an increase of 17 per cent. Focus on Dare product is expected to benefit the company further.
Whirlpool of India Has a buy recommendation for a target of Rs 26,00. Currently, the stock is seen around Rs 2186. The stock may see an increase of 19 per cent. The company is now beginning to benefit from the acquisition in Alica.
Sharekhan’s favorite shares
Mahindra Lifespace Developers (MLDL) -This stock has a buy recommendation for Rs 655. It is currently trading around Rs 555. An upside of 18 per cent can be easily seen in the stock.
Experts believe that the company will benefit from the government’s focus of cheap homes. The company will also benefit from the policies of different state governments.
Gland Pharma The stock has a buy recommendation on target of Rs 3,040. Currently trading at 2,414.65. This stock may see an increase of up to 26%.
Due to strong domain experts, good growth prospects, strong earnings track record, healthy return returns and cash flow, GlandPharma seems to be a strong long-term investment pick.
Dalmia Bharat – This stock has a buy recommendation with a stoploss of Rs 1500 for a target of Rs 19,00. Sharekhan believes that it can comfortably see upside of 23 per cent. The company is constantly working on its expansion plans and will soon double its production capacity.
Gabriel India Has a shopping recommendation with a target of Rs 160. The stock is currently trading around Rs 106. The stock may see an upside of 50 per cent over a period of one year.
Experts say that the company could benefit well from the government’s focus on electric vehicles. Explain that the company produces auto components for auto companies.
Capital Via Picks
Dixon Technologies (India) I recommend buying for a target of Rs 5,300. The lion is currently trading at Rs 3,637. This stock can see upside of 46%. Experts believe that there will be a strong growth in the next 3-5 years. Investors will also benefit from it.
Hindustan Unilever – This stock has a buy recommendation for a target of Rs 2,670. The stock may see an upside of 16 per cent in the medium to long term. SMCG sector will benefit from the steady growth in demand in small towns and rural areas.
HCL Technologies – The stock has a buy recommendation with a target of Rs 1,145. Currently, the stock is seen close to Rs 960. In the medium to long term, it can see an upside of 19 per cent.
Divis Laboratories- The stock has a buy recommendation with a target of Rs 4,440. Currently, the stock is seen around Rs 3,4461. The stock may see an increase of up to 28 per cent.
The company already has a strong presence in the pharma industry. It is now expanding its products in the generic API segment as well and is developing 16 additional API producers, which will further impact the company’s business.
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