Top 5 stocks that will give 20%-50% returns in the Agri sector

Top 5 stocks that will give 20%-50% returns in the Agri sector

Top 5 stocks that will give 20%-50% returns in the Agri sector

Top 5 stocks that will: The COVID-19 pandemic hits all sectors to an unexpected level. However, it will take time to recover as much time we expect. But in these challenging situations the Indian Agriculture sector doing well and now it is a point of hope to boost the economy further. Besides, the Indian Meteorological Department (IMD) reported its forecast for this monsoon is normal at 102% of the long-period average (LPA).

“This monsoon will be very important not only for the agriculture sector but also it will provide employment, an increase in auto sales, and also increased demand for Cement to Steel. Besides, good monsoon will benefit, sales of tractors, two-wheelers, auto financing, agrochemical, and some FMCG companies, said Hemang Jani, Head Equity Strategist at Motilal Oswal Financial Services.

Besides, Monsoon will be a key aspect of the Indian companies this year. In my opinion, a good monsoon will bring good tidings to some companies. On the other side, the Indian GDP growth reports one of the worst ever due to COVID-19 pandemic, said Siddharth Sedani, Vice-President, Shares and Stock Brokers.

Whereas, rural India contributes almost 53% to India’s GDP growth. The COVID-19 affects more in the Urban areas rather than in rural areas. The experts suggest Top 5 stocks that will buy in Agro Sector that will give you 20%-50% returns. 

NCC: Buy | Target: Rs 57 

The company performed really well in these conditions, it reported almost 48% growth in the fiscal year 2020. While EBITDA growth of the company reported at 2.6 times as against 4 times in FY22.

Besides, the company formed a “Triangle Symmetric Candlestick pattern” in the daily chart. While the company formed a Bearish harami pattern in the Monthly chart. The experts suggest buying the stock within the range of Rs 29 and targets for Rs 57 with an upside at 110%.

However, NCC Limited on Friday reported a bullish trend in the stock market. The company gained 2.55 points with a 9.44% increase and reached 29.55 INR. While in BSE, the company gained 2.55 points with a 9.44% increase and reached 29.55 INR. 

Hindustan Unilever: Buy  | Target Rs 2,452

It is one largest FMCG companies in terms of products and distribution of networks. The company formed a “Three inside up 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 2,118 and targets for Rs 2,452 with an upside of 16%.

However, HUL Limited on Friday reported a bearish trend in the stock market. The company lost 32.85 points with a 1.55% decrease and reached 2,087.30 INR. While in BSE, the company lost 32.75 points with a 1.54% decrease and reached 2,087.55 INR. 

Cipla Limited: Buy | Target Rs 738 

The company filed its product at 259 ANDAs (Abbreviated New Drug Application) with 175 approved by USFDA and 22 products waiting for the approval. However, the company almost spends 7%-8% of its revenue in Research and Development (R&D).

The company formed a “Bullish Marubozu Candlestick pattern” in the Weekly chart. While the company formed a Three Inside Up Candlestick pattern in the Monthly chart. The experts suggest buying the stock within the range of Rs 663 and targets for Rs 738 with an upside of 11%.

However, Cipla Limited on Friday reported a bearish trend in the stock market. The company lost 10.35 points with a 1.57% decrease and reached 650.55 INR. While in BSE, the company lost 10.05 points with a 1.52% decrease and reached 650.50 INR. 

Colgate Palmolive: Buy  | Target Rs 1,620

The company is one of the largest lenders in the dental care segment with almost 50% stakes and strong brand value in the market.

While the company formed a Three inside down Candlestick Pattern in the Daily chart. However, the expert suggests buying the stocks within the range of  Rs 1,350 and targets Rs 1,620 with an upside of 20%.  These are the Top 5 stocks that will give 20-50% 

Escorts: Buy  | Target Rs 1,150

It is one of the largest companies in the field of tractors to Agriculture.  The company formed a Bearish harami candlestick pattern in the daily chart. While the company also formed a Bullish gap up Candlestick Pattern in the Weekly chart. However, the expert suggests buying the stocks within the range of  Rs 977 and targets Rs 1,150 with an upside of 18%.

However, Escort Limited on Friday reported a bearish trend in the stock market. The company lost 11.55 points with a 1.18% decrease and reached 965.00 INR. While in BSE, the company lost 10.75 points with a 1.10% decrease and reached 965.80 INR. 

On Friday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last session. The Sensex is trading above 34,300 levels, and Nifty is trading above 10,100 levels in the stock market. The Sensex gained 411.11 points with a 1.21% increase and reached a 34,392.86 level. While Nifty gained 144.40 points with a 1.44% increase and reached a 10,170.90 level.

On the other side, the number of coronavirus cases in India reached 2,16,919 as of Friday, June 5th, and deaths reached 6,075.

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