Its as part of Diwali 2021 stock pickingAngel One (formerly Angel Broking), a domestic brokerage and research firm, has recommended sixteen stocks that one might want to buy. Its top picks include Ashok Leyland, PI Industries, HDFC Bank, Federal Bank, Shobha, Stove Craft, Safari Industries, AU Small Finance.
Under Auto, Angel One stock includes Ashok Leyland, with a target price of Rs. ₹175, Sona Blw Precis. (target price ₹775), Ramakrishna Forgings (Tp.) ₹1,545), and Suprajit Engineering (Tp.) ₹425).
Under Banking, its stock recommendations are Au Small Finance with a target price of ₹1,520, Federal Bank (Target Price ₹135), HDFC Bank (Tp.) ₹1,859), Shriram City Union (Tp.) ₹3,002). Meanwhile, PI Industries is Angel One’s top pick in the chemical sector and has a target price of Rs. ₹3,950 on stock.
Other stocks in the brokerage are Carborundum Universal (TP 1,010), Stowe Craft (TP) ₹1,288), Safari Industries (Tp.) ₹979), Shobha (TP.) ₹950), Whirlpool India (tp.) ₹2,760), Lemon Tree Hotel (TP.) ₹64), and with the target price of Amber Enterprises ₹4,150 per share.
“We expect the banking sector to lead the markets from here on, given the strong rebound in earnings in H2FY2022 on account of AUM growth and decline in provisioning. “We expect sectors such as aviation, consumer durables, hotels, multiplexes and real estate to perform well in H2FY2022 on account of strong earnings growth due to the reopening of the economy and increased demand,” said Angel One’s note.
However, it sees an expected third Covid wave in India impacting the recovery process, and a further rise in global inflation from current levels forcing central banks to tighten earlier than expected as key risks to markets .
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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