Ganesh Chaturthi Special Stock Picks: Invest in THESE 6 Vighnaharta shares for good returns; check the LIST, know triggers and targets here
On the eve of Ganesh Chaturthi, Market Experts and Analysts have suggested 6 vignaharta shares which can give huge profits and good returns to the investors in a period of one year.
On the eve of Ganesh Chaturthi, Market Experts and Analysts have suggested 6 vignaharta shares which can give huge profits and good returns to the investors in a period of one year. The stocks were suggested in Zee Business special programme 'Vighnaharta share'.
Hemang Jani, Head-Equity Strategist, Motilal Oswal Financial Services Limited suggested two stocks namely Sun Pharmaceutical Industries Limited and Godrej Consumer Products Limited.
Speaking on Sun Pharma, he said that the company has given a very good performance in Q1. The kind of improvement the company is showing is very positive. Growth of 14-15 percent can be seen in the company. Hemang gave a target of Rs 920 for a duration of one year.
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While speaking on Godrej Consumer Products, he said that the company is performing good in two categories that is household insecticides (HI category) and soaps and the management of the company has also changed recently which can be a very positive trigger. In 10 years ROCE of the company is expected to cross the level of 20 percent. He gave a target of Rs 1250 for a duration of 1 year.
Vijay chopra, MD and CEO, Enoch Venture Private Limited, suggested investors to invest in Hindustan Petroleum Corporation Limited and Glenmark Pharmaceuticals Ltd for good returns.
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Speaking on Hindustan Petroleum, he said it is a well-known Oil Marketing Company (OMC). The price to earnings of this stock is around 3.6 which means that the company is available at very cheap valuations and if the investors hold the shares of this company for a year, then it dividend of around 8.5 percent is received. He gave a target of Rs 320 first and then a target of Rs 380-400.
While talking about Glenmark Pharma, he said that the company has got listed recently and has shown a good correction. He gave first target of Rs 650 and then of Rs 700.
Siddharth Sedani of Anand Rathi Securities suggested Affle India Limited and Craftsman Automation Ltd.
Speaking on Affle India he said that the company makes consumer intelligence platform and is in a business of digital advertisement. He said that the company is showing advertisements in 2.3 billion devices which is expected to increase to 10 billion. Digital advertisement growth is of 30 percent in coming years. The company has customers like Swiggy, Zomato, Amazon, etc. He gave a target of Rs 5620 for a duration of one year.
Speaking on Craftsman Automation he said there are 3 main reasons to recommend this stock. Firstly, It has a dominant market share, secondly, the company can get debt rid in FY 24 and a growth of 70 percent CAGR is expected in the company in coming two years. He gave a target of Rs 2655.