Holi Picks: On the occasion of the festival of colors, market analysts – Simi Bhaumik, Sandeep Jain and Avinash Gorakshakar – each suggested three stocks. After two uneventful years due to Covid-19, this year’s festival will probably be celebrated on March 18, 2022.

Different colors specify different meanings; that is why these analysts also recommend stocks to invest in the portfolio with diversification. These stocks have a positional to long-term outlook and are chosen based on strong fundamental value and attractive valuations.

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Simi Bhaumik – Analyst

Deepak Nitrite

The analyst opts for Deepak Nitrate with an investment outlook of 4-6 months at a target price of Rs 2700-3000 per share and advises to maintain stop loss at Rs 2290 per share.

Bajaj Finance

The stock has recently witnessed a sharp correction amid cracks in the Indian markets, Bhaumik explains. It has dropped from Rs 8,000 to Rs 7,000 per share. And a buying opportunity has emerged from the current dual target level of Rs 7200 and Rs 7550 per share with a stop loss of Rs 6750 per share regarding positional basis.

DLF

DLF’s stock in the real estate sector has sparked many breakouts, the analyst said, adding that the stock could gain a lot of momentum from its current price if it gains some support from the market. The scrips breakout has surpassed Rs 355 per share. She sets a target of between Rs 390 395 per share in the near term and expects to place a stop loss below Rs 345 per share.

Sandeep Jain – TradeSwift Director

HDFC Ltd

Foreign institutional investors recently made a strong sell-off in this stock, and the stock has reached a very good level after a correction, the market analyst said. He added that HDFC is a very good finance company, it’s time to unlock the value and it trades at a PE multiple of 19.

According to Jain, if you look at the price to book a multiple it is 2.55 times so, amid cheap valuations it is a good bet with a target of Rs 2750 per share for 6-9 months .

Orient Cement

Affordable housing is one of the focal points of the government, which can be beneficial for stocks. The counter trade on a PE multiple of 10. The return on invested capital is 19-20. The dividend yield stands at 1.5 percent and is backed by billionaire investor Rakesh Jhunjhunwala, Jain added. He sets a target of Rs 180/190 per share on this stock with a 6-9 month view.

Bhageria Industries

After a correction, the stock has fallen from Rs 329 to Rs 234-240 per share. It trades at a cheap valuation and has a PE multiple of 14. The company’s profit for 5 years was 33 percent. The return on capital employed is 18 percent and the dividend yield is 1.5 percent. The analyst sees a target of Rs 280 per share for 6-9 months.

Avinash Gorakshakar – Profitmart Securities

United Phosphorus Limited (UPL)

UPL is an Indian multinational product range with presence in Europe and Latin America. FY23 is expected to be strong for the company as it generates a lot of cash, and it also recently announced a buyback. The analysts advise to buy this stock for a target of Rs 900 each.

Devyani International

This fast food restaurant service (QSR) business runs franchises of Pizza Hut, KFC, Costa Coffee and together has about 890 franchises. The company dominates the domestic QSR segment and had a very good third quarter of FY22.

EBITDA margins (earnings before interest, taxes, depreciation and amortization) were 22-23 percent in Q3FY22, and this segment is set to grow 35-40 percent. The company will benefit directly from the unlock theme and expects the stock to grow to Rs 225 per share within a year.

Time Technoplast

One of the largest polymer products companies in India, the company’s triggers come from its value-added products. Recently they launched a product of Composite Cylinder and CNG Cascade. These products will drive growth momentum for the company over the next 2 years.

Time Technoplast is also the first company in India to produce the new CNG Cascade. This company’s stock trades at a PE multiple of 8 and has cheap valuations. The analyst sets a target of Rs 90-95 per share for 6-12 months.


This post Holi Special Stock Picks: Analysts choose Deepak Nitrate, DLF, UPL and 6 other stocks for positional to long-term bumper returns was original published at “https://www.zeebiz.com/market-news/news-holi-special-stock-picks-analysts-choose-deepak-nitrate-dlf-upl-and-6-other-shares-for-bumper-returns-on-positional-to-long-term-basis-181145”

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