Choice Broking named these 6 stocks as super stocks for next year’s earnings
The accelerated pace of vaccination, the decline in the corona and a sharp recovery in economic activity have helped FII achieve a return of more than 20 percent in 2021, despite concerns about continued sales and rising inflation. The broad-based indicators outperformed the major indicators, with the midcap and small cap indices rising 37 percent and 60 percent, respectively. So here are the top 7 stocks of Choice Broking 2022:
Bharti Airtel | CMP: Rs Target: Rs Upward: 41.5 percent Airtel is expected to do well in the domestic mobile business segment. Furthermore, providing digital solutions to the vertical ventures of its Airtel business could be the engine of further growth for the company. That’s why he has given a purchase opinion with a target of Rs 956.
HDFC Life Insurance Company | CMP: Rs Target: Rs Rising: 30.3 percent Broking House expects the company to improve its performance metrics once the department is adapted and the Exide Life agreement is posted. So it has been suggested to buy with a target of Rs 833.
Hindustan Unilever | CMP: Rs 2,302 Target: Rs. 2,821 Upward: 22.6 percent Choice Broking says that while epidemic restrictions have been relaxed, use in urban markets has continued to recover at a good pace. Overall, we are optimistic that overall demand will improve in the short term. Despite strong fundamentals, HUL shares have improved about 16.2 percent in the last three months In view of this, we recommend buying it with a target price of Rs.
ICICI Bank | CMP: Rs 736 Target: Rs Upward: 22.3 percent , Despite the challenge of the epidemic, the bank’s business growth and profits have shown significant improvement over the years. The broking firm is giving a buy rating to the stock with a target of Rs 900. He said that the value of individual banking business is 710 rupees (2.5x FY24E in P / ABV) and subsidiaries are 190 rupees.
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Infosys | CMP: Rs. 1,866 Target: Rs Upward: 15.2 percent The company can appear in a leadership role in its sector and has a strong outlook, so it should be bought with a target price of Rs 2,150.
Larsen & Toubro | CMP: Rs. 1,866 Target: Rs. 2,220 Conversely: 19 percent , Will benefit from the government’s continued focus on building L&T infrastructure. So, a buy call is given for a target of Rs 2220.
Schaeffler India | CMP: Rs. 8,616 Target: Rs. 10,380 Upward: 20.5 percent “We believe that the company will benefit from the revival in the automotive sector and its export by the parent company,” said Choice Broking. Government policies to encourage domestic production will also serve as a favorable measure for the sector. Thus, it has been given a buy rating with a target price of Rs 10,380.
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