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Mumbai39 minutes ago
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The stock market traded fairly well last week. Sometimes it closed with an increase and sometimes it closed with a fall. However, the Bombay Stock Exchange (BSE) index closed at 51,544 on Friday.
- Results of many companies came last week. Some stocks fell and some performed well.
- This is the result season. If the results of the companies are good, then you can invest in them
The stock market traded fairly well last week. Sometimes it closed with an increase and sometimes it closed with a fall. However, the Bombay Stock Exchange (BSE) index closed at 51,544 on Friday. During this, the results of many companies have also come. While some stocks fell, some performed well.
Can Fin shares gain 17%
Saurabh Jain of SMC Global has advised investors to buy Can Fin Homes shares at a target of Rs 607. It is currently trading at Rs 516. It can get a return of 17%. The company is a subsidiary of Canara Bank. It focuses on lending against housing loans, builders and property.
Can Fin has earned Rs 132 crore
Its profit in the third quarter was Rs 132 crore. The company has achieved good growth and profit. Going forward, its lending growth could be 17-18%. Its gross bad debt (NPA) has been 0.68%. While net NPA has been 0.8%. That is, the company is doing better in terms of NPA.
Orient Electric gains 13%
Saurabh Jain has advised to buy Orient Electric’s stock at a target of Rs 310. It can provide a return of 13%. It is currently trading at Rs 273. This company belongs to the CK Birla Group. It operates in 40 countries. It has good reach in small cities in the country. It has 1.25 lakh retail outlets. It has service in 450 cities.
Plan to expand abroad in two years
The company will expand into international markets in Africa and Middle East countries over the next two years. Recently, it has introduced a new variety of emergency LED lights. This light can last up to 4 hours. It has many products ranging from LED buttons. Its revenue stood at Rs 618 crore in the third quarter. While the profit has been 52 crores
ACC Cement targets Rs 2,250
ICICI Securities has advised investors to buy ACC Cement’s stock. Its target is Rs 2,250. The company’s new plant will see its impact in its revenue. Its revenue can grow at a rate of 12.8% during the financial year 2020-23. The same brokerage house has suggested holding ITC shares. That is, if you have its shares, keep it. It has been downgraded. Its target is Rs 245. However, after rising for a few days, the stock has also fallen recently. However, its performance has been good in the balance sheet.
Buy HDFC Ltd. at target of Rs 3,100
Anand Rathi Shares and Stock Brokers has advised investors to buy HDFC Ltd. stock at a target of Rs 3,100. Its loan disbursement increased by 26% in the third quarter. A year earlier this growth was 16%. According to the company, there is a strong growth in home loans. This demand persists due to lower interest rates, lower property prices and reduced stamp duty.
Dalmia can also buy India
This brokerage has advised to buy Dalmia Bharat stock at a target of Rs 1,650. The company is going to expand with new plant in the coming time. The company plans to increase its capacity by 32% by 2023. Although there is stability in demand, there is still a fair demand in South and East India. Good growth is expected here.
It has been advised to buy PNC Infratech shares at a target of Rs 311. It is a diversification company. The company is monetizing the Ghaziabad-Aligarh toll project. Which means she is making money from it. Apart from this, 8 other assets are also expected to get money.