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Mumbai4 hours ago
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The stock market declined for 4 consecutive days last week. The BSE Sensex fell by over 1,260 points. However, during this period, there was a sharp rise in some stocks, while some stocks were also beaten up.
- The BSE Sensex lost over 1,260 points last week.
- Shares of public sector banks and companies have been rising
The stock market declined for 4 consecutive days last week. The BSE Sensex fell by over 1,260 points. However, during this period, there was a sharp rise in some stocks, while some stocks were also beaten up. Despite this, there is still a chance to earn. If you want, you can earn up to 20%.
Suntec Realty gains 15%
Saurabh Jain of SMC Global has advised investors to buy the shares of Suntec Realty. Its target is 402 rupees. It is currently trading at Rs 348. That is, you can get an advantage of 15% in it. Suntec Realty is a fast growing company. It is a real estate company. It projects together with other companies. The company reduced its debt during the third quarter. Its projects are especially for mid-income and high-income people. Its total revenue in FY 2020 is 607 crores. It is expected to increase to Rs 1,023 crore by 2022 March.
Karur Global Bank to get 20% advantage
Similarly, it has been advised to buy Karur Vysya Bank shares at a target of Rs 73. It can get an advantage of up to 20%. The stock is currently trading at Rs 60.85. Its debt grew 5% in the third quarter. Its gold loans have grown by 41% on an annual basis. Its gold loan accounts for 23% of total borrowings.
Retail accounts for 22.5% of its loans, 20.8% of agriculture, 32.6% of small and medium companies and 24% of corporate. Bank’s bad debt (NPA) has come down. Its gross NPA is 7.37% while net NPA is 2.5%.
Advice to buy Nosil shares at target of Rs 200
Anand Rathi Stock & Brokers has advised investors to buy Nosil shares at a target of Rs 200. The consumption of rubber is increasing due to the manufacture of tires in the global and domestic market. Due to this, the supply of rubber is now increasing from India rather than China. More exports and better demand are being created. Its revenue grew 41.3% year-on-year to Rs 2.7 billion.
Greenply Industries share target Rs 192
The brokerage house has a buy recommendation on the stock of Greenply Industries at a target of Rs 192. The focus of its management is to make the company debt-free by 2023. Its revenue has decreased by 2% on an annual basis. However, net profit has increased by 5%.
Honeywell’s share will cross 49 thousand
The brokerage house has advised to buy Honeywell Automation stock at a target of Rs 49,281. Its revenue in the third quarter stood at Rs 8.7 billion. The brokerage house believes that its growth will be good in the long run. This company will benefit from automation in the domestic market. The company’s revenue and profits are expected to grow by 16 and 22% by 2023.
Its current revenue is Rs 8,700 crore. It has a 3% decline on an annual basis. Its profit has been Rs 1,500 crore.