stock market
The first six months of this year have given a tough test to the stock market investors. Due to the ongoing tension in the Middle East countries, huge fluctuations in crude oil prices, weakness of the rupee and continuous selling by foreign investors, a huge fall of about 9% was recorded in the Nifty 50 index. However, now the mood of the market seems to be completely changing. Crude oil prices are expected to stabilize around $75 per barrel on expectations of a possible peace agreement between America and Iran. This is the reason why strong signs of bullishness have started appearing in the market again. After the news related to Artificial Intelligence (AI), a huge jump of 18% was seen in the shares of Reliance Power, which has completely put a brake on the continuous decline in the stock for the last four days.
Market decline has stopped, now is the right time to invest
Looking at this possible recovery of the market, market experts believe that this is the perfect opportunity to place bets in the best and quality stocks for the long term. Ventura’s Head of Research, Vineet Bolinjkar has prepared a list of 10 such strong stocks for the next one to two years, which can provide huge earnings to common investors. The selection of these shares is based on the strong fundamentals of the companies and their future growth plans. It is very important for a common investor to understand that when the market bounces back from the lows, the stocks of companies with strong balance sheets give the first and fastest returns.
- CG Power: This company will directly benefit from the ongoing major railway and grid modernization projects in the country. With debt free balance sheet, the stock can touch the target of ₹ 1,137 with a potential upside of 19%.
- Shaily Engineering: Due to its strong hold in the pharma sector, this company is growing rapidly. 23-24 Long contracts with global pharma clients secure its income. Its target price has been kept at ₹ 3,620, in which 25% profit is expected.
- Tilaknagar Industries: After the acquisition of Imperial Blue in the liquor business, the company’s dominance has increased at the national level. Expecting margin improvement, its target has been set at ₹598 (31% potential upside).
- JSW Energy: Due to the increasing demand for electricity in the country and rapid expansion in renewable energy, this company is a great option for the long term. With a target of ₹767, it can rise by 32%.
- Delhivery: Amidst the growing trend of e-commerce, the network of this logistics company is continuously getting stronger. A target of ₹ 645 has been given for this, which is 37% above its current level.
- Ather Energy: The acceptance of electric two-wheelers is increasing rapidly in the country. On the basis of its strong charging network and new models, Ather’s market share has increased to 18-19%. Its target has been kept at ₹ 1,598 (40% possible gain).
- Urban Company: The increasing demand for professional services in homes has opened up a big avenue of earning for this company. Its target is ₹ 185, in which an excellent return of 41% is expected.
- Axis Bank: This bank is very attractive for investment due to stable earnings and strong balance sheet. Its margins have improved due to increase in corporate and SME loans. For this, a target of ₹ 1,934 (44% possible gain) has been given.
- Hindustan Zinc: Due to its monopoly in the zinc and lead market, this company is at the forefront in generating cash. Due to low production cost, its shares can easily reach the target of ₹ 829 (55% gain).
- Aurionpro Solutions: This company has created a distinct identity for itself in technical services like banking platform and AI-based lending. On the basis of strong revenue model, it has been given the highest target of ₹ 1,352 with an increase of 58%.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
