Stocks to Invest: The trend of decline in the stock market continues. Last Friday, Nifty 50 saw a fall of 86.50 points and closed at the level of 23,440. The market has fallen by about 2.5 percent in the last 5 trading days. In such a situation, amidst continuous selling, it is becoming difficult for investors to choose better shares. If you are looking for better stocks to invest in the month of January then this is important news for you. Experts at Mirae Asset Capital Markets have suggested 8 such stocks in which you can make money by placing bets in the current month.
This list includes stocks like Ashok Leyland and Coforge, HCL Technologies and Rainbow Children Medicare. By investing in these you can earn huge profits in short term and long term.
Experts have advised to buy Ashok Leyland with a target price of ₹240-243. The stock closed at Rs 210.65 on Friday with a decline of 1.75 per cent. The brokerage believes the company’s focus on higher margin segments has helped it maintain healthy margins despite a weak Q2FY25. With the revival in the commercial vehicle industry, Ashok Leyland is well positioned for continued growth in the coming months.
The brokerage also expects a big rise in Coforge. The current price of this share is Rs 9467.50 and its target has been kept at Rs 10434.2. The brokerage said Coforz is poised for further expansion with a strong track record in digital transformation.
Shares of Federal Bank closed at Rs 188.90 on Friday. The brokerage has set a target price of Rs 205 for this. Experts said with its strong pan-India presence and diversified portfolio, the bank has recorded strong loan growth, especially in the retail and corporate banking sectors. Reduction in GNPA to 2.09% in Q2FY25 has made it more attractive for investors.
Shares of HCL Technologies closed at Rs 1,997.10 last Friday, up 3.22 per cent. The brokerage has set a target price of Rs 2002–2020 for this. It is one of the leading companies in digital transformation services, providing consulting, engineering and resource and development solutions in 52 countries.
Brokerage has also expressed hope of rise in shares of Varun Beverages. For this, target price of Rs 671-676 has been fixed. Its closing price on Friday was Rs 596. Varun Beverages is expanding its business rapidly.
Shares of KIMS closed at Rs 650.45 on Friday. The brokerage has set a target price of Rs 679-681 for this. The company has reported strong growth in both revenue and PAT with 19.1% YoY revenue growth in Q2FY25. The company plans to add 2400 beds by FY27. Due to this, it has become an attractive option for investors.
Rainbow Children Medicare
Shares of Rainbow Children Medicare closed at Rs 1,552.10 on Friday. Its target price has been fixed at Rs 1,678.7. The company has reported strong results in Q2FY25 with 26% YoY revenue growth and 25% PAT growth. The company plans to add 780 beds by fiscal year 2028.
Shares of Uno Minda closed at Rs 1072.15 on Friday. The target price for this has been fixed at Rs 1151. The automotive solutions leader expects strong revenue growth driven by the addition of premium products and expansion of its manufacturing capacity.
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.