Today, for the 7th consecutive day, the Sensex of BSE and Nifty of NSE have seen great gains. Today at 11 o’clock Nifty had crossed the 14,000 mark. At the same time, the Sensex also continued to rise. Many smallcap, midcap and large cap stocks have given huge returns to investors this year. Market analysts expect the stock market to remain bullish in 2021 as well as in the year 2020. In such a situation, brokerage firm ShareKhan has selected 10 such stocks, which can give returns of 10 to 41% to investors in the short term. Here are the top 10 picks of ShareKhan…
NTPC: Sharekhan has given buy ratings to the stocks of National Thermal Power Corporation Limited and the target price of its share has been fixed at Rs 140. The brokerage firm says that its shares can give 41% returns to investors in a matter of days. Today at 1.45 pm, its stock is trading 0.55% down at Rs 98.55 per share. Sharekhan says that the operational performance of the company has improved. With this, the share buyback price of the company is around the book value of NTPC at Rs 11 per share. Also, the company is offering 6-7% dividend to its investors. With this, its shares are expected to rise in the short and mid-term.
RBL Bank: The brokerage firm has fixed a target price of Rs 295 for the share of RBL Bank. Right now its shares are trading at a price of Rs 231.60, down 0.39%. Whereas, on December 30, its shares opened at a price of Rs 229. Sharekhan believes that its shares will give a return of 27% to the investors in the short to mid term. It believes that the bank’s asset quality is yet to improve, but the bank’s profit is expected to be stable in 2021. The outlook of the bank is positive.
Sundram Fasteners: The target price of the share of this company has been fixed at Rs 650 and it is expected that the company will give a return of 24% to its investors in a very short time. Right now its shares are trading at Rs 520 with a fall of 0.42% in the stock market. The company’s automotive and non-automotive demand is showing recovery, with the company’s business expected to pick up in FY2022. Because of this the brokerage firm has given it buy ratings.
LIC Housing Finance: Sharekhan has fixed a target price of Rs 440 in the short and mid term for the stocks of LIC Housing Finance. The company’s shares are currently trading at a price of Rs 362.65 with a gain of 0.65%. Given the company’s outlook, high credit rating, growth prospects and stable profit margins, the brokerage firm expects its shares to give investors 23% returns in a short span of time.
Affle India: Sharekhan has given buy ratings to the stocks of Affle India and the target price of its shares has been fixed at Rs 4600. The brokerage firm says that its shares can give 22% returns to investors in a matter of days. Today at 1.45 pm, its stock is trading 0.60% higher at Rs 3794 per share. Sharekhan says that in the field of mobile advertising, Affle India will benefit from increasing the budget of ads by companies. The outlook of the company is positive and the cash flow is also good, due to which Share Khan has suggested a bet on it.
Larsen & Toubro: The brokerage firm has fixed a target price of Rs 1550 for the L&T share. Right now its shares are trading at a price of Rs 1299 with a gain of 0.51%. Sharekhan believes that its shares will give more than 20% returns to investors in the short to mid term. It believes that the company will benefit from the government’s self-reliant India campaign in the defense sector. Along with this, the orders received by the company have also increased. Because of this, Sharekhan has picked it up.
Jubilant FoodWorks: The target price of the share of this company has been fixed at Rs 3145 and it is expected that the company will give a return of 17% to its investors in a very short time. Right now its shares are trading at Rs 2753 with a rise of 2.64% in the stock market. The company has revised its earnings estimates and expects it to perform better in the times to come. In addition, the company has also expanded its portfolio. Because of this the brokerage firm has given buy ratings to it.
Aurobindo Pharma: Sharekhan has fixed a target price of Rs 1024 in the short term for the stocks of Aurobindo Pharma. The company’s shares are currently trading at a price of Rs 927.75 with a gain of 2.32%. The company expects a tremendous growth in its business in the US. Along with this, the company is going to launch many products. With its positive outlook, growth prospects, and rising profits and demand in Europe following a slump in profits, the brokerage firm expects its shares to deliver 13% returns to investors in a short period of time.
Tech Mahindra: The brokerage firm has fixed a target price of Rs 1100 for the share of Tech Mahindra. Right now its shares are trading at a price of Rs 973.70 with a fall of 0.97%. Sharekhan believes that its shares will give more than 12% return to the investors in the short to mid term. He believes that the company will benefit from the spread of 5G. Along with this, the revenue of the company is also expected to increase. Because of this, Sharekhan has picked it up.
KEI Industries: Sharekhan has fixed a target price of Rs 540 for this company in the short and mid term. The company’s shares are currently trading at a price of Rs 479 with a fall of 2.24%. Company’s Outlook, Growth Pros