Top 10 stocks to buy in March: Brokerage Views

Top 10 stocks to buy in March: Brokerage Views

Top 10 stocks to buy in March: Brokerage Views

Top 10 stocks: The Indian stock market is facing the heat as the coronavirus cases increasing in India. The market enters into the bear’s territory in the last 4 days, the bears showing more impact than the bulls. Whereas, the Sensex down below 30,000 level and Nifty below 9,000 level. 

Besides, the benchmark index reported almost a 25% downfall from the mid of February. The global market shows a downfall when the Covid-19 impacts China, followed by the spread of the virus to other countries that made traders worry.

Due to the coronavirus outbreak, the investors or traders lost almost Rs 40 lakh crores from the mid of February till now. Some of the experts feel it is a kind of crisis that occurred in the year 2008. However, the stock market is trading bearishly from the last two weeks and no one can predict the tops and bottoms of the stock market.

But, considering the quantum of fall in the market, valuation and all parameters. We suggest Top 10 stocks to buy for March that will give you a 27-148% upside. As many stocks are available at cheap rates due to coronavirus outbreak.

Bajaj Auto: Buy  

The Brokerage firm Kotak Institutional Equities upgrades Bajaj Auto to buy. The company is performing well in the field of export marketing. Whereas, the EBITDA margin of the company in the motorcycle segment forms only 10%. The impact on Bajaj Auto is low due to the BS-VI transitions.

The Company on Tuesday formed a “Bearish engulfing Candlestick” pattern on the daily chart. Whereas in the Weekly chart, it formed a Three outside down Candlestick pattern. However, the expert suggests buying the stock at the current level and targets for Rs 3,100 with almost 36% return.

Sobha Limited: Buy

Kotak Equity firm upgrades Sobha to buy with a revised share value of Rs 465 as against Rs 515. The main reason for this is the share of the company facing the correction in the last month. 

However, the expert suggests buying the stock at the current level and targets for Rs 465 with an almost 135% return.

Lupin Limited: Buy

The domestic market of the company facing corrections in its share price. The main reason for this is the market disappointments against regulatory actions. However, the brokerage firm expects a strong performance in India and EMs.

However, the expert suggests buying the stock at the current level and targets for Rs 840 with an almost 36% return.

Dalmia Bharat: Buy

The company is progressing to reach almost 37 mtpa capacity by the financial year 2022. However, the company planning to enter the West and East regions, while the company already has access in  20 states.

However, the expert suggests buying the stock at the current level and targets for Rs 1,050 with an almost 93% return.

Bajaj Electricals: Buy

The brokerage firm JM Financial upgraded Bajaj Electricals to buy. However, the brokerage company expects on Bajaj Electricals consumer business, whose performance is strong from the last 3 quarters. EPC business is the biggest drawback of the company but should see some stability.

However, the expert suggests buying the stock at the current level and targets for Rs 500 with an almost 45% return.

V-Mart:  Buy

The brokerage firm Motilal Oswal upgraded V-mart to buy that will get more profits. The main advantage of growth is strong leadership when regional players are suffering. Whereas, the company low SSSG and low margin base also help for the growth.

However, the expert suggests buying the stock at the current level and targets for Rs 2,700 with an almost 52% return.

Marico Limited: Buy

The company faced an immediate price action of its subsidiary company Parachute. However, the companies overall growth stands better than what we expect before HUVR and Nestle companies. The demand in subsidiary companies like Parachute, Saffola, VAHO, and youth products are not affected by the coronavirus outbreak.

However, the expert suggests buying the stock at the current level and targets for Rs 315 with an almost 27% return.

Hindalco Industries: Buy

The company is facing the heat of Coronavirus as the companies demand and the price collapsed. However, the product mix and improvement will lead to a better earnings outlook for Aleris.

However, the expert suggests buying the stock at the current level and targets for Rs 220 with an almost 91% return.

Apar Industries: Buy

The brokerage company expects the corrections in the economy is due to 1) weak economic environment 2) tight liquidity and 3) less demand. But, the APAR company continues to give more results to the government under the power sector with 75% domestic revenue.

However, the expert suggests buying the stock at the current level and targets for Rs 587 with an almost 90% return.

Vodafone Idea: Buy

The brokerage firm CLSA upgraded the telecom company Vodafone Idea to buy. However, the company is willing to pay the AGR-dues issued by the Department of Telecommunications (DoT). The companies growth depends on the hike of the tariff plans. 

However, the expert suggests buying the stock at the current level and targets for Rs 12 with an almost 147% return. These are the Top 10 stocks to buy in the stock market for March

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