- The stock market fell more than 1,900 points on Friday
- Investors can buy in selected shares if they wish
The stock market fell more than 1,900 points on Friday. Analysts believe that this decline could be further. However, if investors want, they can buy in select stocks. They can benefit up to 15-20%.
Axis Bank shares can go up to 800 rupees
Anand Rathi Stock & Broking has advised investors to buy Axis Bank shares at a target of Rs 800. The bank reported a 14% jump in net interest earnings in the third quarter. It has been Rs 7,373 crore. There has been a growth of 6% in its borrowings. The total borrowing has been 5 lakh 82 thousand 754 crore. Retail loans grew by 9% and accounted for 55% of the total borrowings. Retail loans include home loans, property loans, autos etc. The bank's gross NPA stands at 3.44% and net NPA is 0.74%.
Aditya Birla Fashion shares target Rs 206
The brokerage house has advised to buy Aditya Birla Fashion shares at a target of Rs 206. This company generated cash of Rs 600 crore in the third quarter. Its revenue is projected to grow from 3.5 to 3.8% in FY 2022-23. The company's employee expenses decreased by 26% and other expenses by 29%. Its lifestyle brand has covered up to 80% of the revenue. The company has over 25.9 billion rupees and aims to reduce it by the end of this year.
Visaka Industries target Rs 572
Visaka Industries has been advised to buy this brokerage house at a target of Rs 572. The company hopes that it will benefit from the demand coming from the villages. Its revenue has grown by 25% on an annual basis. Its yarn division is performing well as the market opens.
HDFC will gain 19%
Saurabh Jain of SMC Global says that investors should buy HDFC shares at a target of Rs 3,015. It can get an advantage of 19%. It is currently trading at Rs 2,539. The demand for home loans is increasing continuously. Factors such as low interest rate, low property prices, stamp duty reduction are selling more from factories. The company's net interest income was Rs 4,068 crore in the third quarter. Its asset under management (AUM) has been Rs 5.55 lakh crore.
Individual loans accounted for 76%. Individual loans grew by 26% in the third quarter. It has an operating profit of Rs 4,198 crore.
Gain of 14% in Krypton Greaves
Similarly, it has been advised to buy the shares of Krampton Greaves at a target of Rs 436. It can get a gain of 14%. The stock is currently trading at Rs 383. This company is the number one company in the fan market in the country. It is also the number one company in domestic pumps. The company mostly focuses on consumer products. It has a strong dealer network. It has recently launched a new product in the fan segment, which has a guarantee of 5 years. This is the first such product in the country.
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