Broking firm Sharekhan has come up with its Value Report for the month of Sept. We have picked 9 stocks ideas that have a "buy" call from the brokerage as on Sept 3, 2021 from its Value Report. In fact, the report has plenty of buy calls, but, it is not possible to incorporate all.
9 Stocks to buy from brokerage firm Sharekhan
|Market price as on Sept 9||Target price||Likely Gains %|
|Bank of India||57.55||100||74%|
|Bajaj Consumer Care||251||355||41%|
Time to catch your breath says Sharekhan
Recapping what happened in August, Sharekhan says that Markets continued to trend up in August globally.
"The benchmark indices, Nifty/Sensex, appreciated by 8.7%/9.4%, respectively. Nifty scaled peak of 17000 on the last trading session of the month, while the Sensex hit the 57,000 mark during the month (now it is above 58,000 points). The rally sustained through the month, with a key difference. This time, it was large-cap stocks that steered the ship, while mid-cap and small-cap stocks experienced certain amount of volatility. The optimism is not limited to Indian markets alone. It is a global rally," the brokerage said.
"Even the key indices US markets hit a new high in August 2021. For that matter, equity markets globally have shown healthy double-digit gains since the beginning of calendar year 2021. Since January 2021, the MSCI World index has gone up by 17% with all major indices like S&P 500 (20%), Nasdaq (18%), Nifty (22%), FTSE (10%), Taiwan (17%) among others trending up during the year. The only exceptions are China, Hong Kong and Indonesia for country specific-issues; thereby dragging down the performance of MSCI Emerging Market Index this year," the brokerage has noted.
We too believe markets are over valued
Recently, Motilal Oswal came up with its brokerage report titled eagle's eye. The brokerage clearly highlighted that the markets are trading at a significant premium to long term averages. We too believe the same if you have made profits, it maybe time to be cautious before buying stocks. The good thing happening for the markets right now is that a lot of money is flowing into mutual funds and this is lending support to the market. At the moment the liquidity is what is driving the markets ahead. Should there be some strain on liquidity, we could see markets falling with deep corrections. It maybe time to turn cautious. Having said that markets make ignore fundamentals for a long period of time.
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only and has been taken from the report of Sharekhan. Be careful while investing as the Sensex has now crossed 58,000 points.