Interest may increase
This is expected to continue in the coming days. Inflation continues to remain high, especially amid the Russia-Ukraine conflict. Meanwhile, the interest rate is expected to increase in the upcoming RBI meeting to control inflation.
What is Sensex doing?
The Sensex index rose 0.7% in the 12 months to March 2023. However, the BSE Mid-Cap and BSE Small-Cap indices declined by 0.2 per cent and 4.5 per cent respectively. The BSE 500 index declined by 2.30 percent during the same period.
can be identified
However, amid the strong uptrend, investors can still identify stocks with good potential to buy. Due to this it can be a good opportunity for investors to earn good returns.
Rural wages have been strong in recent months. This may stimulate rural demand. However, rainfall is also seen as one of the things to watch out for. Meanwhile, the brokerage firm has predicted that India’s GDP rate may be 5.6%. Overall, this may also impact the market.
What are the shares?
Meanwhile, brokerage Kotak Institutional has predicted gains of over 20% including Reliance Industries, Tata Steel, Mahindra & Mahindra and ICICI Bank.
The same Britannia Industries share price is expected to rise 10.5%, Cummins India share price 11.1%, Infosys price 19.1% and Sun Pharma share 16%.
Other stocks?
Asian Paints has a target price of Rs 3564, which represents an upside of 28% from the current market price. Credit Access predicts a 40% rise in Grameen. Its target price is Rs 1290.
Stocks including Godrej Consumer, HDFC Bank, Tata Consumer, Rosari Biotech are expected to gain 15%, 21.70% and 34.5% and 24% respectively.