Stocks to Buy: After the September 2021 quarter results, there are many such quality stocks, which have emerged as the choice of brokerage houses after the second quarter results.
Brokerage house favorite stocks: The stock market touched record levels in the last one year. After the results of September 2021 quarter, many companies have shown strong earnings. At the same time, the business outlook of some companies is looking better. Among them, there are many such quality stocks, which have emerged as the choice of brokerage houses after the second quarter results. These include strong stocks like Sun Pharma, Dabur. In these stocks, most of the brokerage houses have given a new target price with buy advice. In this, investors can get a return of up to 36 percent in the future. Here let’s know about the rating and target price of brokerage houses on 4 such stocks.
CLSA : Purchase : 1050
Morgan Stanley: Overweight: 895
Credit Suisse : Underweight : 695
Motilal Oswal Purchase : 970
ICICI Securities : Purchase 959
Q2 Result: In the July-September 2021 quarter, Sun Pharma’s net profit grew by 13 per cent on an annual basis to Rs 2047 crore. At the same time, the consolidated revenue of the company increased by 12.5 percent to Rs 9,625.9 crore. It was better than the market estimate.
Credits: Outperform: 700
Morgan: Outperform: 726
CLSA : Outperform : 700
Motilal Oswal Purchase : 705
ICICI Securities : Purchase : 700
Q2 Result: Dabur’s net profit grew 5 per cent year-on-year to Rs 504 crore in the July-September 2021 quarter. At the same time, the consolidated revenue of the company increased by 12 percent to Rs 2,818 crore.
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Jindal Steel & Power Limited (JSPL)
CLSA : Purchase : 576
ICICI Securities Hold: 433
Q2 Result: In the July-September 2021 quarter, JSPL’s annualized profit nearly tripled to Rs 2,584 crore. At the same time, the consolidated revenue of the company increased by 67 percent to Rs 13,611 crore.
Phoenix Mills Limited
CLSA : Purchase : 1230
ICICI Securities : Purchase : 1231
Q2 Result: Phoenix Mills reported a 2052 per cent year-on-year profit growth of Rs 15.38 crore in the July-September 2021 quarter. At the same time, the total revenue of the company increased from Rs 53.95 crore to Rs 74.72 crore.
(Disclaimer: The investment advice here is given by the brokerage house. This is not the view of dgmartpro Business. Please consult your advisor before investing.)