If you are confused about investing in the high valuation stock market, then it is better to take a look at those stocks in which the brokerage house is recommending investment after doing fundamentals.
Brokerage Houses Favorite Stocks: Global House has released its latest list of preferred stocks. These include stocks like Nykaa, Maruti, Axis Bank, Asian Paints, Ipca lab. The brokerage house believes that the fundamentals of these stocks are strong, and they can give high returns. If you are confused about investing in the high valuation stock market, then it is better to look at those stocks in which brokerage houses are recommending investment after doing fundamentals. After the current earnings season, many such stocks have become the choice of brokerage houses, in which either profits are coming, or there are indications of further profit for the company.
Brokerage houses give advice to invest or sell in any stock only after checking its fundamentals. His research includes whether profit is coming in the company or whether the company is getting less of its debt or not. How is the balance sheet of the company, what is the status of order book. What is the track record of the promoters, how much is their focus on growth. Due to all these reasons, if there is any risk factor with the company, then that also comes to the fore. At the same time, due to the choice of brokerage, the sentiments regarding the stock are also better.
Brokerage house Goldman Sachs has advised to invest in leading auto maker company Maruti. The brokerage has set a target of Rs 9000 for the stock. The current price of the share is Rs 8050. In this sense, it can give 12 percent return. The brokerage house says that the company is well positioned in its sector. Remains market leader at entry level.
Brokerage house UBS is bullish on the stock of Nykaa. The brokerage has introduced cover on the stock. The brokerage house believes that the share price can go up to Rs 2750. The current price of the share is Rs 2210. In this sense, 25 percent return can be given in the stock. E-commerce beauty company Nykaa had a great entry in the stock market last week. The company’s stock got listed at a premium of 78 per cent over its issue price. At the same time, now the stock has given more than double the return of the issue price.
— dgmartpro Business (@ZeeBusiness) November 17, 2021
Brokerage house Macquarie has rated outperform in Asian Paints and has given a target of Rs 3900 for the stock. On the other hand, brokerage house Nomura has given buy advice in the stock and has kept the target at Rs 3550. The current price of the share is Rs 3152. The company had recently increased the prices, which will benefit further.
The brokerage house CLSA is bullish regarding Axis Bank. The brokerage house has given a target of Rs 1080 for the stock. The current price of the share is Rs 726. In this sense, about 49 percent return can be given in the stock. The brokerage house says that the growth of the bank can be 5 to 6 percent more than the industry.
Brokerage house Morgan Stanley has given equal weight rating in Ipca lab and target for the stock
2203 is kept at Rs. While giving buying advice, Jefferies has kept the target for the stock at Rs 2477. The current price of the share is Rs 2153.