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Today the Sensex is very strong and it is beyond 48 thousand.
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Despite the decline, these stocks may perform well ahead
On 15 February, the Bombay Stock Exchange (BSE) Sensex had reached an all-time peak of 51,517 and reached 47,265 last week. This means a 10% drop was recorded. Today, however, the Sensex is very strong and it is beyond 48 thousand. But in the last 1 month there have been shares of some consuming companies which have fallen by 23%. We are telling you which are the major shares among them.
These companies make daily use items
Consumption Shares are the stocks that companies make such things which are used in daily basis. They are in demand and people spend more on it. Talking about Trent, its stock is 729 rupees and it has fallen 8.8% in 1 month. It makes napkins, towels etc. which are used for everyday. Talking about the shares of Amber Enterprises, it also declined by 8.4%. This company makes items like AC, Fridge.
PVR shares fall drastically
PVR which runs theaters. Although theaters are closed due to Corona, when the cinemas open later, shares will see a boom. Its stock is at Rs 1,015 which has fallen 23.6% in a month. Birla Fashion & Retail Company focuses entirely on retail goods and fashion. Retail means it sells daily things. Its stock has dropped by 20% in 1 month. While Bata India, which manufactures slippers and shoes, has a share price of Rs 1,286 and it has fallen by 12.8%. This is because the movement of people has reduced, so the demand for sandal shoes has also decreased.
Symphony manufactures products such as AC, cooler and fan
Symphony manufactures products such as AC, coolers and fans. Its stock is priced at Rs 1,140. It has declined by more than 10% in a month. Blue Star also manufactures products such as AC and Fridge. Its stock has dropped 7.5% in a month. Actually all these companies make those things, which are very much in demand in everyday life or in any season.
Their products are always sold. Especially in the summer season, more items like AC, fans, air coolers, fridges are purchased. But due to lock-down and corona, the demand of these companies may be affected in this summer season, due to which their shares have declined.
The effect of lockdown will not be much further
Motilal Oswal has said in his report that the impact of the lockdown will not be much in the future and this sector will bounce back in a strong way. HDFC Securities says that these stocks will perform well despite the decline. Because their demand will remain after lockdan. It has advised to buy stocks like TTK Prestige, Symphony, V Guard, Voltas, Amber Enterprises, Dixon Tech.
21% return in SAIL’s stock
Saurabh Jain of SMC Global says that investors should buy SAIL’s stock at a target of Rs 112. It can get 21% return from here. It is a government company and is in the steel sector. He has advised to buy Granules India stock at a target of Rs 383. Investors can get 16% return in this. Jefferies expects a gain of 22% in Tata Steel while Geojit 16% in HDFC Bank.
Expect tremendous returns
Apart from this, some stocks are expected to get tremendous returns. However, these shares are from other sectors. Motilal Oswal and CLAS have a buy recommendation on ICICI Securities. More than 50% can be availed in this. Edelweiss has a recommendation to buy Suntec Realty shares at a target of Rs 435. 56% can be availed in this. Centrum has a recommendation to buy Bajaj Consumer Care shares at a target of Rs 394. It can get a return of 35%.
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