Stock to buy: If you are looking to play bets in the stock market, then today we are telling you about some such stocks which can give great returns in the coming days. In fact, brokerage house, Angel One Stove Kraft, Ashok Leyland, Federal Bank is bullish on the stock and is giving buy on the stock. Let us know about them in detail..
1. Stove Kraft Shares
Latest Price – 616
Target Price- 1,050
Profit- 70.45%
Stove Craft Limited (SKL) is engaged in the business of manufacturing and selling of Kitchen and Home Appliances products like Pressure Cooker, LPG Stove, Non-Stick Cookware etc. under the brand names ‘Pigeon’ and ‘Gilma’. In the last two years in the pressure cooker and cookware segment, the company has outperformed its competitors in the industry. Post covid, organized players are gaining market share from unorganized players, which will benefit players like SKL. SKL will launch new products in the coming days.
2. Ashok Leyland Shares
Latest Price- 115
Target Price- 164
Profit- 42.61%
Ashok Leyland Limited (ALL) is one of the foremost companies in the Indian CV industry with a market share of 32% in the MHCV segment. The company also has a strong presence in the fast growing LCV segment. While the demand for the LCV segment is increasing rapidly after the pandemic, the demand for the MHCV segment has also started recovering in the last few months before the second lockdown. According to Angel One, the company is ideally poised to capture the growth revival in the CV segment and will be the biggest beneficiary of the government’s voluntary scrappage policy and hence the stock can be bought.
3. Shares of Federal Bank
Latest Price- 97.15
Target Price- 135
Profit – 39%
Brokerage house Angel One says that Federal Bank is one of the largest old generation private banks in India. The NPAs for the bank have remained stable over the years, with GNPA for Q3FY21 at 3.38% while the NNPA ratio stood at 1.14%. The pCR at the end of Q3FY21 was 67% which is sufficient. According to Angel One, the bank’s liability franchisees remain strong. The restructuring level is also under control. Management expects RoA to improve to 1.2 per cent in the next four to six quarters. At the same time, with the change in loan mix, the NIM expansion may remain 10bps. So it can be bought.
(Disclaimer: Investment advice in stocks is given by brokerage house. These are not personal views of Live Hindustan. Markets are risky, so take expert opinion before investing.)