Stock Market: SBI, Axis Bank to UltraTech Cement; Top 20 shares to buy in 2020 and make money from
Stock Market: At the beginning of New Year 2020, the Indian share market looks more polarised than its fractious politics!
Stock Market News: At the beginning of New Year 2020, the Indian share market looks more polarised than its fractious politics! It seems that incremental inflows are mostly chasing less than a dozen stocks. The reasons for this ‘passive flight to safety’ are not difficult to identify. Macro growth has slipped, alarmingly some say, and is not just on a cyclical downtick. High-frequency data and core indicators are mostly struggling. Policy reform has been directionally encouraging (GST, RERA, IBC, tax cuts, the push for formalisation and financialisation) but messy and inadequate. The government’s efforts to spur CAPEX are sputtering. Modi 2.0 looks like a tougher grind than Modi 1.0, say the detractors.
Speaking on why should the haze lift in Indian share market Dipen Sheth, Head- Institutional Research, HDFC Securities says, "An under-estimated factor is the slowly healing global economy, post some concrete steps by the two largest economies in the world (US and China) to end their looming trade stalemate. Government policy action, as we well know from history, has been boldest when it is cornered. Our intuition is that the upcoming budget may well see the government springing a surprise on its naysayers."
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Asked about the top shares to buy in the New Year 2020 Dipen Sheth listed out the following stocks with the given targets:
1] Cholamandalam Investment & Finance: Curent market price Rs 305, target Rs 404;
2] Axis Bank: Curent market price Rs 754, target Rs 958;
3] SBI Life: Current market price Rs 970, target Rs 1230;
4] Infosys: Current market price Rs 735, target Rs 840;
5] Sonata Software: Current marekt price Rs 312, target price Rs 405;
6] Symphony: Current marekt price Rs 1150, target price Rs 1888;
7] Jubilant Foodworks: Current marekt price Rs 1665, target price Rs 2184;
8] V-Mart: Current market price Rs 1652, target price Rs 2150;
9] UltraTech Cement: Current market price Rs 4054, target price Rs 5350;
10] JK Cement: CMP Rs 1166, target Rs 1523;
11] Alkyl Amines: CMP Rs 1128, target Rs 1840;
12] KNR Constructions: CMP Rs 253, target price Rs 378;
13] Britannia: CMP Rs 3042, target Rs 3638;
14] State Bank of India: CMP Rs 333, target Rs 404;
15] Larsen & Toubro: CMP Rs 1308, target Rs 1703;
16] Bajaj Auto: CMP Rs 3175, target Rs 3530;
17] Teamlease: CMP Rs 2500, target Rs 3415;
18] Torrent Pharma: CMP Rs 1854, target Rs 2100;
19] Alkem Laboratories: CMP Rs 2097, target Rs 2400; and
20] Container Corporation of India: CMP at Rs 573, target Rs 640.
So, these are the top 20 shares to buy in the New Year and make money at a faster rate.
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