Global View: Maruti Suzuki, Titan Company & HCL Technology could give over 20% return in 1 year
Experts are of the view that the markets could remain volatile amid weak Asian markets, US Fed commentary on tapering, and growing uncertainty around Omicron.
![Global View: Maruti Suzuki, Titan Company & HCL Technology could give over 20% return in 1 year Global View: Maruti Suzuki, Titan Company & HCL Technology could give over 20% return in 1 year](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2021/12/01/167698-stock-marketpti.jpg?itok=ze6t838G&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
Indian markets remained volatile on Tuesday but bears took control in the second half of the trading session pushing the Sensex, and the Nifty50 below crucial support levels.
Experts are of the view that the markets could remain volatile amid weak Asian markets, US Fed commentary on tapering, and growing uncertainty around Omicron.
See Zee Business Live TV Streaming Below:
We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:
Maruti Suzuki India Ltd: Buy
Goldman Sachs maintained its buy rating on Maruti Suzuki with a 12-month target price of Rs 9000 that translates into an upside of 27 per cent from Rs 7086 recorded on 30 November.
The December production is to be at 80%-85% of normalised levels. December production guidance of 80-85% of normalized levels indicates a flattish trend on a month-on-month (MoM) basis.
Semiconductor supplies could still take some more time to normalize fully, said the note.
Titan Company: Outperform
Macquarie maintained its outperform rating on Titan Company with a 12-month target price of Rs 3000 that translates into an upside of 26 per cent from Rs 2375 recorded on 30 November.
The company guided for over 10 per cent jewellery sales growth & 12-13 per cent margin growth. The company is cautious about the new Omicron impact.
Maruti is not witnessing any material concerns on demand as yet. It is our preferred pick in the consumer space, said the note.
HCL Technologies: Overweight
JPMorgan remained overweight rating on HCL Technologies with a target price of Rs 1400 that translates into an upside of nearly 23 per cent from Rs 1139 recorded on 30 November.
The company expects a strong demand environment to sustain for at least three years. However, supply issues persist until growth keeps accelerating or cools below the low teens.
Product & Platform (P&P) should bounce back in Q3 helped by seasonality. We still see value in the stock, said the note.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
09:30 AM IST