Last week, the stock market saw a decline, and the market closed at the end of the week with a decline of about one -third percent (0.33%). The pressure of mixed indications from global markets remained on the domestic market, but the hopes of better monsoon and the strength of the domestic economy limited the decline. Experts believe that there are strong indications of market improvements in the coming days, due to which many companies are also advised to invest in stocks.
Which stocks are seen for investment?
ICICI Direct has advised to invest in pharma sector company Cohance Lifescienes. The target of this stock has been kept at Rs 1365, while it is currently trading at the level of Rs 1044. That is, investors are expecting an increase of more than 30 percent in this stock. According to the report, the signs of growth in all verticals of the company are clearly visible, especially in agriculture and specialty segments.
At the same time, Anandarathi Securities has issued an investment advice in Stylam Industries. The target of this stock is Rs 2276, which shows an increase of about 38 percent from the current level. The report states that the management of the company expects strong volume growth, as well as improvement in margins. However, demand reduction, increasing competition and increase in raw material costs are considered as the main risk.
In addition, Prabhudas Liladhar has advised to invest in stock of imagicaaworld entertainment. The target of this stock is kept at Rs 93, which shows an increase of up to 37 percent from the current price. According to the report, the launch of 10 new rides in Lonavala and the start of a new water park in Indore is expected to speed up the company’s business.
Signs of improvement in domestic economy
Due to better weather, the hope of improving the agriculture sector is increasing, which can increase the rural demand. In addition, India’s economy remains one of the fastest growing economies in the world by registering a growth of 7.4% in the fourth quarter. It is considered a positive sign for the market and is boosting the morale of investors.
Expert advice
Experts believe that investors should be cautious amid uncertainty and domestic risks in global markets. However, investing in stocks with good profit and possible growth can prove to be beneficial. For this, it is necessary to take opinion from the financial advisor so that investment can be made safely and wisely.
Disclaimer: This investment advice is based on CNBC TV18 Hindi / CNBC voice experts and personal views of brokerage firm. Website or management are not responsible for this advice. Before investing, please consult your financial advisor or certified specialist.
