Experts Best stocks to buy in current market

Experts Best stocks to buy in current market

Experts Best stocks to buy in the current market

Experts Best stocks to buy: From the past few days the stock market out of control because of the coronavirus crisis. According to the Health Ministry, in India 562 cases noted, worldwide 423,670 cases noted, total deaths 18,923. 

Now some experts suggesting the best 9 stocks which give good returns in the present market condition. 

Safari Industries: 

Safari is the third biggest travel play brand in the market. Increased product offerings and enhanced distribution network lead to strong business growth. In the next 3 to 4 years, the firm can report strong growth.

Investors can buy the stock with target Rs 492, CMP: Rs 337 with 46% up.

Asian Paints:

Asian Paints is the largest paint firm in India. The experts reported a 19% healthy bottom -line CAGR from the last fiscal year to 2022. The firm has more than 60,000 vendors in-country and boosted operating margins back of decreasing crude prices.

Investors can buy the stock with a target Rs 2,118,  CMP: Rs 1,525 with 38.9% up.

Amber Enterprises:

Market leader in outsourced manufacturing space for the room air conditioner (RAC). It is a one-stop solution provider for the big RAC brands, and currently represents eight of India’s top 10 RAC brands.

Investors can buy the stock with a target Rs 1,830, CMP: Rs 1,067 with 71.5% up.

Ultratech Cement:

With the merger of the 13.4 million TPA cement division of Century Textile from H2FY20, the company would have a potential of 110 million TPA, with a dominant position in West and Central India. The experts are optimistic about the long-term opportunities given the ramp up from the industry’s gained capabilities and pricing discipline. 

Reducing the tax rate from 30 percent to 22 percent for domestic firms would increase the company’s profitability. 

Investors can buy the stock with a target Rs 5,373, CMP: Rs 3,012 with 78.4% up.

Bata India:

Experts expect that Bata India to show 11% net income CAGR to Rs 3,974 crore over FY2019-22E primarily due to increased brand awareness among Indian customers, new product launches, a higher number of store launches in Tier II / II areas and a focus on the high growth segment of women.

Therefore, on the bottom line, on the basis of the margin improvement, we expect CAGR of 20 percent to Rs 562 crore over the same time. 

Investors can buy the stock with a target Rs 1,800,  CMP: Rs 1,079 with 66.8% up.

ICICI Bank:

The bank was capitalized very well with 18.1 percent CAR that gives enough room to develop an asset base. Stronger NPA resolution would lower the cost of provisioning, which would support submit better ROE.

Investors can buy the stock with a target Rs 590, CMP: Rs 297 with 98.9% up.

​Hawkins Cooker:

On the back of government initiatives, new product launches, good brand name, and large distribution network, experts expect HCL to post 14 percent healthy top-line CAGR to Rs 976 crore over FY19-22E. Experts predict 23 percent CAGR to Rs 100 crore on the bottom line due to high sales and boosted operating margins.

Investors can buy the stock with a target Rs 6,200, CMP: Rs 3,551 with 74.6% up.

KEI Industries:

Execution of high order books in the EPC market, increasing B2C sales and stronger shipments to improve revenues and profitability.

Investors can buy the stock with a target Rs 400, CMP: Rs 221 with 81.4% up.

GMM Pfaudler:

After the Q3FY20 numbers of GMM Pfaudler, they are launching Rs 114.5 FY22 EPS forecast. 

Investors can buy the stock with a target Rs 3,437, CMP: Rs 2,100 with 63.7% up.

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