2024-07-20 11:06:54
New Delhi: Before the presentation of Budget 2024, market experts have suggested some of the best stocks for investors. Market experts Avinash Gorakshakar and Aastha Jain have selected stocks which are priced below Rs 100 but have good earning potential. This suggestion is for medium to long term investment. Avinash Gorakshakar is the head of research at Profitmart Securities Pvt Ltd. He says that in these stocks, he looks at quality, not price. Whether the stock is Rs 10 or Rs 100, if it has potential, it can grow. During a discussion in a business channel, both the experts talked about these stocks. Let us take a look at the stocks selected by these experts.
Geojit Financial Services
Aastha Jain, Senior Research Analyst at Hem Securities Limited, has a buy rating on the stock with an initial target price of Rs 150. The time horizon is 1-2 months. She says that the company has a good presence in the market and a strong customer base. Aastha said, ‘They have around 14 lakh customers. I like this stock because the financial performance shown by the company is excellent.’
Bank Of Maharashtra
Both Avinash Gorakshakar and Aastha Jain have recommended buying the stock of this public sector bank. Avinash has set an initial target price of around Rs 90 for 6-12 months, while Jain has set a target price of Rs 85 for a time frame of 2-3 months. Gorakshakar says that the bank has shown very good financial performance in the last three years.
Patel Engineering
Avinash Gorakshakar has recommended buying this stock with a target price of Rs 95 for 6-12 months. He says that Patel Engineering is the best. The company specializes in hydropower and he remembers that this stock used to be Rs 151. After that many investors like Vijay Kedia also invested in it. The company will grow even better in the current financial year as it has an order book of Rs 19,000 crore. The company has said that it will achieve an order book of about Rs 25,000 crore by the end of the financial year. Gorakshakar also expects a big announcement on hydropower in the budget.
nlc india
NLC India is a Navratna company. This company is engaged in power generation as well as mining. Technical analyst Astha Jain has given an initial target price of Rs 326-330 for a time frame of 1-2 months. She says that the company has big plans towards renewable energy. The company has long-term goals to expand the power sector. This is a stock that she feels is in a good position.
BCL Industries
Avinash has recommended buying this stock with a target price of Rs 75 for 6 months. He says, ‘In the last two years, the company has invested heavily in ethanol. Recently the company has started a new plant in West Bengal. In the last one year, the company has earned a profit of Rs 98 crore. The company has clearly stated that it will maintain a margin of Rs 14. I think the company will earn a profit of at least Rs 150 crore.’
GMR Airports
Avinash has a buy recommendation on the stock with a target price of Rs 130 with a time frame of 6 months.
Gail India
Aastha Jain of Hem Securities has set a target price of Rs 265 to Rs 270 for it with a time frame of 2 months. He says, ‘I like this company because its volume is expected to improve significantly. The company has also improved its capacity utilization. The company has a good capital expenditure plan for FY 2024-25.’
Disclaimer: The suggestions given in this analysis are those of the individual analysts or broking companies, not of NBT. We advise investors to consult certified experts before making any investment decision as stock market conditions can change rapidly.