Top 5 stocks that will give 20%-40% returns for the next 12 months

Top 5 stocks that will give 20%-40% returns for the next 12 months

Expert Views on Top 5 stocks that will give 20%-40% returns for the next 12 months

Expert Views on Top 5: The analysts expect a volatile change in this year 2020. However, this year it is going to be great for the field in portfolio building. Whereas, the experts identify some stocks based on their balance sheet and management to overcome the crisis.

The Expert views on Top 5 stocks that will give you 20%-40% returns for the next 12 months. 

VST Industries: Buy | Target: Rs. 4,200

While everyone looks for ITC, we suggest looking after VST Industries. It is the third-largest tobacco company in India. However, it owns brands like Charms, Charminar, etc. However, the company has a strong balance sheet, cash flows, and stable dividends.

Besides, the company formed a “Bearish Engulfing Candlestick pattern” in the daily chart. While the company formed a Bullish piercing pattern in the weekly chart.

The experts suggest buying the stock within the range of Rs. 3,306.00 and targets for Rs. 4,200.00 with an upside of 27%.

However, VST Industries Limited on Monday reported a bullish trend in the stock market. The company gained 8.15 points with a 0.25% increase and reached 3,309.05 INR. While in BSE, the company gained 10.20 points with a 0.31% increase and reached 3,316.35 INR. 

Nippon Life: Buy  | Target Rs. 370-400

The company formed a “Three outside down Candlestick pattern in the daily chart. While the company formed a Spinning top Candlestick pattern in the Weekly chart.

The experts suggest buying the stock within the range of Rs. 276 and targets for Rs. 370-400 with an upside of 45%.

However, Nippon Life Limited on Monday reported a bullish trend in the stock market. The company gained 13.60 points with a 4.92% increase and reached 290.00 INR. While in BSE, the company gained 13.80 points with a 5.00% increase and reached 290.00 INR. 

HDFC AMC Limited: Buy | Target Rs. 3,400 

AMC business is one of the prominent and resilient despite its volatile equity markets in India. The equity funds of the company reported an almost 35% Year-on-Year basis. While SIP AUM increased by almost 15% on MoM. Whereas the company also posted 7.5 lakhs of new SIP registrations. 

The company formed a “Bullish engulfing Candlestick pattern” in the daily chart. While the company formed a Bullish gap up Candlestick pattern in the weekly chart.

The experts suggest buying the stock within the range of Rs. 2,727 and targets for Rs. 3,400 with an upside of 24%.

However, HDFC AMC Limited on Monday reported a bearish trend in the stock market. The company lost 37.80 points with a 1.38% decrease and reached 2,692.45 INR. While in BSE, the company lost 37.90 points with a 1.39% decrease and reached 2,690.00 INR. 

CDSL: Buy  | Target Rs. 340 

The company performing well by opening new Demat accounts 5.4 mn as against 4.2 mn in the last 11 months. While the company formed a Bearish engulfing Candlestick Pattern in the Monthly chart.

However, the expert suggests buying the stocks within the range of  Rs. 261 and targets Rs. 340 with an upside of 30%.  

However, CDSL India Limited on Monday reported a bullish trend in the stock market. The company gained 3.80 points with a 1.45% increase and reached 265.80 INR. While in BSE, the company gained 3.80 points with a 1.45% increase and reached 265.80 INR. 

Castrol India: Buy  | Target Rs. 169

The company formed a Triangle Symmetric Candlestick Pattern in the daily chart. While the company also formed Three inside down Candlestick pattern in the weekly chart. 

Whereas, the expert suggests buying the stocks within the range of  Rs. 123 and targets Rs. 169 with an upside of 37%.  

However, Castrol India Limited on Monday reported a bullish trend in the stock market. The company gained 2.45 points with a 1.99% increase and reached 125.50 INR. While in BSE, the company gained 2.50 points with a 2.03% increase and reached 125.60 INR. 

On Monday, both Sensex and Nifty continues its bullish trend in the stock market. The Sensex is trading above 34,300 levels, and Nifty is trading above 10,300 levels in the stock market. The Sensex gained 83.34 points with a 0.24% increase and reached a 34,370.58 level. While Nifty gained 25.30 points with a 0.25% increase and reached 10,167.45 level.

On the other side, the number of coronavirus cases in India reached 2,56,611 as of Monday, June 8th, and deaths reached 7,135.

In the border market, the S&P BSE Smallcap index reported a bullish trend in the stock market on Monday. It gained 125.90 points with a 1.05% increase and reached an 11,979.55 level. The S&P BSE Midcap index gained 29.45 points with a 0.23% increase and reached a 12,583.61 level. While Nifty Bank gained 152.85  with a 0.73% increase and reached 21,187.35 level.

Top Gainers on June 8th: GAIL, Indusind Bank, BPCL, Axis Bank, and Bajaj Finance are the top gainers in today’s stock market

Top Losers on June 8th: Zee Entertainment, Shree Cements, Eicher Motors, M&M, and Bharti Infratel are the top losers in today’s stock market. 

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