The ACC has a purchase recommendation for a target of Rs 2,185 for upside of 14 per cent.
The Indian market managed to close for the second consecutive day on Tuesday, April 7, after the RBI announced that it would not make any changes in its rates and to keep its stance accommodative.
The market was upbeat yesterday before the weekly expiry. The market closed for the second day in a row. All sectors except power saw a spurt. The Nifty Bank saw a boom after a 2-day decline. Auto, metal and realty stocks also rose. Banking, buying in oil and gas stocks. There was light selling in power shares.
The Sensex closed at the level of 49,661.76 yesterday, up by 460.37 points, or 0.94 per cent. At the same time, Nifty gained 135.50 points i.e. 0.92 per cent to 14,819. Is closed at the level of.
Here we are telling you 6 suggested shares of brokerage house KRChoksey for the month of April which can see an increase of 13.38% in the same April month from the closing price of 7 April 2021.
But before that we want to give you disclosure that the investment advice given by investors on moneycontrol is their own opinion. The website or its management is not responsible for that. Users are advised by Moneycontrol that they should take the advice of certified experts before taking any investment decision.
ACC
The stock has a buy recommendation for a target of Rs 2,185 for upside of up to 14 per cent. KR Choksi says that the company is constantly focusing on increasing its capacity and production. There is a possibility of very good growth in the company.
Alembic Pharmaceuticals. The stock has a buy recommendation with a target of Rs 1286. Currently, the stock is seen around Rs 973.25. In the April series, this stock can easily see a growth of 32 percent.
Granules India
The stock has a buy recommendation for a target of Rs 459. Currently, the stock is trading around Rs 331.05. The company’s earnings are expected to grow 20.3 per cent year-on-year and 41.7 per cent year-on-year in profit in the period 2020-22.
Bajaj Finance
The stock has a buy recommendation of KR Choksi for a target of Rs 5760. Currently, the stock is seen around Rs 5076. KR Choksi estimates that the company may see a 30 per cent year-on-year increase in its profits in the fiscal year 21-23. At the same time, its advances can see an increase of 25 per cent on an annual basis.
Tata Motors
The stock has a buy recommendation of KR Choksi for a target of Rs 360. Currently, the stock is seen around Rs 307.80. The stock may see a 17 per cent gain by the end of April. The company has seen an increase in sales in the domestic and international markets. It is expected that in the period 2021-23, the company may see an increase of 6 per cent in annual income and 25 per cent year-on-year in EBITDA.
Infosys
The stock has a buy recommendation of KR Choksi for a target of Rs 1675. Currently, the stock is seen around Rs 1430.35. The stock may see a 17 per cent gain by the end of April. The company’s dollar earnings are expected to grow 14 per cent year-on-year in FY2022-23 and 23 per cent year-on-year in EBIT and 14 per cent year-on-year in EPS.
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