Highlights
Sharekhan has given a target price of Rs 181 for the share of Ashok Leyland.
Sharekhan has given a target of Rs 850 for Ramco Cement.
It has also been advised to buy shares of Mahindra Logistics.
New Delhi. Those new to investing in the stock market may feel that earning money in the market is not easy. This is also true to a large extent. But if you invest in good stocks by looking at the fundamentals, then earning money in the market is not too difficult. Big investors invest in fundamentals after examining quarterly results and year-on-year net profit.
Since understanding the fundamentals is not a matter for every investor, there are some companies or say brokerage firms, who keep telling you the fundamentals of different companies from time to time. Along with this, she also gives advice on investing in a stock and also tells the target price of the stock. However, before investing in any stock in the stock market, it is good to consult a certified advisor.
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Sharekhan suggested these stocks
Today we are telling you four stocks recommended by Sharekhan, a big brokerage firm in India. This firm has given buying advice in all the four stocks and has also given their targets. These three stocks include Ashok Leyland, Ramco Cement, Bank of Baroda and Mahindra Logistics.
Sharekhan has given a target price of Rs 181 for Ashok Leyland. On Thursday, the stock of Ashok Leyland saw a decline on the NSE. The stock closed at 145.90, down 1.55 percent. The firm said that although Ashok Leyland’s quarterly results have not been up to expectations, their view on it is bullish. The company has made good efforts to reach every corner of the country and the demand for its buses has increased. Its result will be visible in the coming time.
Rs 850 target for Ramco Cement
Apart from Ashok Leyland, the firm has listed one more share, which is named Ramco Cement. On Thursday, NSE closed 1.32 percent higher at Rs 735.95. Sharekhan has given a target price of Rs 850 for this. The firm has said that Ramco Cement has shown good results in the first quarter of FY23. It is believed that from September, the cost of power and fuel will come down and the company will benefit from it. However, the company can put its expansion idea on hold, as the cost of the project is increasing continuously. The firm feels that this should not have any significant effect on the company’s stock.
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Mahindra Logistics Target Price
Sharekhan has also advised to buy shares of Mahindra Logistics. The firm has given a target of Rs 600 for this. On Thursday, the stock of Mahindra Logistics closed 0.35 percent higher at 478.70 on the NSE. The stock has been in continuous consolidation phase since April. The brokerage house has said that Mahindra & Mahindra (M&M) has shown excellent results, not only M&M, but other Mahindra Group companies have also posted good results. We can see more good results in the next four quarters. It is focusing on expanding the capacity of its warehouse.
About Bank of Baroda
Apart from the above 3 stocks, Sharekhan has also recommended a banking stock, which is named Bank of Baroda. The firm says that this stock should be bought with a target of Rs 140. On Thursday, the stock closed 2.02 percent lower at 118.6 on the NSE. There has been a huge jump in the profit after tax of the bank. Its results have come 33 percent better than the estimate. Its loans have also seen good growth and good numbers have also been registered in retail, corporate and overseas books.
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Tags: Money Making Tips, Share market, Stock tips, Stocks
FIRST PUBLISHED : August 04, 2022, 18:21 IST
