According to experts, these 5 stocks can give better returns in January. We are presenting you information about these shares here.
1. Brokerage firm Mirai Asset Capital Markets has advised to buy shares of Ashok Leyland. Its current market price is Rs 210.60, while the target price has been kept at Rs 240-243. The company’s focus is on the high margin segment and this has helped the company maintain healthy margins. With the recovery in the commercial vehicle industry, Ashok Leyland can maintain its growth trend in the coming months.
2. There is a possibility of tremendous rise in the shares of Coforge. Its current market price is Rs 9,467.50, while the target price is Rs 10,434.2. The company’s order growth has been 43 percent. The company has a strong track record in digital transformation and Coforge is poised for further expansion.
3. The current market price of Federal Bank is Rs 188.90, while its target price has been fixed at Rs 205. The bank has consistently delivered good returns due to its pan-India presence and diversified portfolio. The bank’s performance has been good especially in the retail and corporate banking segments.
4. The current market price of HCL Technologies is Rs 1,995.60 and a target of Rs 2,002–2,020 has been fixed for it. The company is playing a leading role in digital transformation services and offers consulting, engineering and research and development solutions in a total of 52 countries. HCL is a top pick for long term growth.
5. Mirai Asset has also advised to buy shares of Varun Beverages and its closing price is Rs 596. The target price for the company’s shares has been kept at Rs 671-676. Varun Beverages is PepsiCo’s largest global franchisee outside the US. The recent acquisitions and other activities will enable the company to significantly expand its operations and meet the growing demand of the global beverages market.
Disclosure: The views expressed on Moneycontrol are the personal views of the experts. The website or management is not responsible for this. Moneycontrol advises users to seek the advice of a certified expert before taking any investment-related decision.