Indian stock market: The strength in the auto and metal sectors, along with strong second-quarter corporate profits for India Inc., helped Indian stock indices extend their gains for the eighth straight day on Monday.
In festival season, Here are five stocks that have been recommended by stock market professionals because investors frequently prefer to invest in such stocks that offer superior returns.
- Mazagon Dock Shipbuilders: The company’s stock now trades for Rs. 637 per share. In the previous five trading days, it rose by around 1.6%. Experts claim that the corporation has no debt and has paid a dividend of 37.9%.
- ITC: On Friday, ITC shares finished at Rs 344.85. In the last five trading days, it rose by around 2.21%. ITC has a good position in FMCG and has maintained its margins, according to experts. In the upcoming three to six months, he recommended a target price for the shares of Rs 390/410.
- State Bank of India: The biggest lender in the public sector has recently provided stronger returns. The price of a share is currently Rs. 561.65. According to Rakesh Bansal, SBI now holds a 25% market share in deposits and housing loans. The expert recommended that the bank set a 12-month goal of Rs 900.
- Asian Paints: The stock of Asian Paints is currently trading for Rs 3,098. The analyst claims that Asian Paints is the market leader in the paint sector and that the company pays out good dividends. In the upcoming three months, a target price of Rs 3689 has been proposed for the shares.
- Vedanta: Vedanta’s stock is currently trading for Rs 279.95 per share. Given that Vedanta Metals has a market worth of Rs 15,500 crore, experts say it is an excellent investment in the sector. For the upcoming six months, he set a target price of Rs 330/350.
