During the show, the market experts recommended eight stocks to Buy for a long-term view for bumper returns and remove financial worries
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Lord Ganesha Chaturthi Special Shares: On account of Ganesh Chaturthi 2022, Zee Business has come up with a special show Ganesha Shares. During the show, the market experts recommended eight stocks to Buy for a long-term view for bumper returns and remove financial worries.
These stocks, according to analysts, are strong fundamentally and technically, and even have a good business outlook. Below are the recommendations of 4 analysts each picking two fundamentally strong stocks:
Hemang Jani of Motilal Oswal Recommendations
Coal India – Buy; Target: 290; Duration – 12 months
The market analyst said that coal’s demand is likely to rise globally as Europe mulls to reduce its dependence on Russia. The business of Coal India through e-auction is rising too and it may see triple-digit growth, going forward.
A change can be expected in Coal India with respect to valuations, derating, and subdue performance it being a PSU company. Interestingly, the company also has a good dividend yield, it aims to produce 70 crore tonnes of coal in FY23.
Maruti Suzuki – Buy; Target – Rs 11300; Duration – 12 months
According to analyst, the auto sector is seeing a revival as the semiconductor chip issue is substantially resolved. Hence, the margins of Maruti in Q2 may expand, besides, the company has a huge pipeline of new launches including electric vehicles (EVs).
Siddharth Sedani of Anand Rathi Recommendations
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Tata Consumer Products – Buy; Target – Rs 904; Duration – 12 months
Tata Consumers has a range of splendid brands like Tata Tea, Tata Salt, and Tata Sampan. The company also has Starbucks, a coffee outlet brand under it. Starbucks’ expansion is good and has opened 7 new outlets in 4 cities, it has 2000 distribution networks, and overall, 1.3 million outlets.
The company has increased the product range, besides, its April-June quarter results were good too. It is trying new innovative products in Tata Sampan that includes spices and dry fruits.
Indian Hotels – Buy; Target: Rs 320; Duration – 12 months
Another Tata Group company, Indian Hotels has brands such as Taj, Vivanta, and Ginger among others. The company’s standalone occupancy rate has jumped over 70 per cent, and its revenue grew by 250 per cent in Q1. Besides, it reported strong volumes and margins have expanded.
Vikas Sethi of Sethi Finmart Recommendations
Angel One – Buy; Target – Rs 1750; Duration – 12 months
Angel One is a leading broking company, and poster boy of digital broking; it has inducted lot of new technology such as AI, Data Science, and machine learning among others in its business. The company has added 13 lakh, new customers, in Tier 2 & 3 and reported Rs 178 crore as PAT against Rs 117 crore YoY.
Sumitomo Chemicals – Buy; Target – 650; Duration – 12 months
The company is a leading agri-chem company, which produces insecticides, herbicides other crop care products. The company has 11-12 dominant market share with a strong distribution network. It has solid fundamentals: RoE of 22%, RoCE of 29%, and zero debt.
Simi Bhaumik – Independent Analyst Recommendations
AU Small Finance Bank – Buy; Target – Rs 720/755; Stop Loss – Rs 600; Duration – 4-6 months
Stock is in a consolidation phase, a breakout is yet to come, the downside is in a small range and it has huge potential for returns. The stock may also breach 800 levels.
Balrampur Chini – Buy; Target – 410/440; Stop Loss – 320; Duration – 4-6 months
Stock is in the consolidation phase and won’t breach the bottom. The sector has huge demand and a good business outlook.
