Stocks To Buy: There was tremendous enthusiasm in the stock market on Wednesday due to the positive news of India-US trade deal. Both Nifty and Sensex indices were seen trading rapidly. Sensex rose 595 points to close at 84,466 and Nifty jumped 180 points to close at 25,875. If this trade deal is done then the Indian stock market will become stronger.
However, it is important to understand the difference that some companies will directly benefit from the resolution of tariff issues, while others are seen growing only because of the good environment. According to Refinitiv’s Stock Report Plus, there are some selected stocks in which you can get good returns in future. There is a possibility of a rise of at least 25 percent in these, analysts have also given the recommendation of Buy and Strong Buy. The market cap of these companies is between Rs 5000 to Rs 25000 crore. Today in this list we will tell you about those 7 companies which analysts have advised to buy.
Godrej Agrovet Limited
Godrej Agrovet Limited is at the top in this report. It is an agribusiness company that manufactures animal feed, crop protection products, palm oil, poultry and milk products. Its market cap is Rs 11064 crore and analysts have given Buy rating to the shares of this company. Upside potential of up to 42% is visible in this. If import-export becomes easier with the trade deal, the agriculture sector will get a big boost. Its subsidiary companies are Godvet Agrochem Limited, Astec Lifesciences Limited, Creamline Dairy Products Limited and Godrej Tyson Foods Limited. All these together make Godrej Agrovet stronger.
Mahindra Lifespace Developers Limited
She works in real estate. It creates an integrated city with premium and affordable houses. According to this report, its market cap is said to be Rs 8280 crore, analysts have given a strong buy rating and an upside potential of 38 percent. Due to reduction in tariffs, manufacturing goods will become cheaper, which will lead to a boom in real estate.
Kirloskar Ferrous Industries Limited
Kirloskar Ferrous Industries Limited manufactures pig iron and gray iron castings, which are used in autos and machinery. Its market cap is said to be Rs 7917 crore. According to the report, analysts have given a rating of Strong Buy and have expected a rise of 37 percent. Trade deal will make steel imports cheaper and the industry will benefit.
Ather Industries
Ather Industries Limited is a specialty chemical manufacturing company which manufactures very advanced and special types of chemicals, which use new technology and different chemistry. This company also provides research and manufacturing services for other companies, i.e. CRAMS and custom manufacturing, everything is done with the help of its high-tech lab, research-development and pilot plant. Its market cap is said to be Rs 9854 crore and analysts have given a buy rating. Its upside potential is said to be 36 percent.
Jubilant Ingravia Limited
Jubilant Ingravia manufactures life science products such as specialty chemicals and nutrition products. Analysts have given buy rating to the stocks of this company. Its market cap is Rs 10716 crore as mentioned in this report and you can get a profit of 35 percent.
Crompton Greaves Consumer Electricals Limited
Crompton Greaves Consumer Electricals manufactures household appliances such as fans, pumps, lights and coolers. Analysts have also given it a buy rating. Its market cap is Rs 18113 crore. This stock can go up by 35 percent.
Sanofi India Limited
Sanofi India manufactures medicines and vaccines, especially for diabetes and heart. Its market cap is said to be Rs 10586 crore. The company has given it a buy rating and said it has 29 percent upside potential. All these companies are in the midcap range and can directly benefit from the trade deal as removal of tariffs will reduce costs and increase exports. However, investors are advised to do their research and understand the risks.
(Disclaimer: This news has been published for informational purposes only. If you want to invest money in any of these shares, then first consult a certified investment advisor. StuffUnknownwill not be responsible for any profit or loss of yours.)
