3 Stocks To Buy Next Week As Markets Expected To Come Crashing Down Again

Hot inflation data in the US, saw a huge sell-off in stocks on Friday in the US. This could most certainly have an impact on Monday morning, with weakness expected across Indian indices. Here are 3 stocks that investors can bet on the next week. The stocks are picked from the latest report of Sharekhan, on the consumer and discretionary space.

Aditya Birla Fashion and Retail

Sharekhan has a buy on the stock of Aditya Birla Fashion and retail for a price target of Rs 370. The company has a strong network of 3,468 brand stores across the country. It is present across 28,000+ multi-brand outlets and 6,500+ points of sales in department stores across India as on March 31, 2022. It has leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. Pantaloons is one of India's leading fashion retailers.

"We have broadly maintained our earnings estimates for FY2023 and FY2024 to factor in better-than-expected performance and the strong recovery outlook given by the management," Sharekhan has said.

"After strong festival-driven Q3, branded apparel and retail companies started Q4 on a sluggish note due to disruption caused by emergence of the third wave. However, short-lived Omicron wave did not have much impact on consumer sentiments, which aided in strong recovery in February-March 2022," it has noted.

Bata India

Another stock from the space the company has a buy is the stock of Bata India. Sharekhan has set a price target of Rs 2370 on the stock of Bata India.
"We have fine-tuned our earnings estimates for FY2023 and FY2024. We expect Bata to cross pre-COVID-level sales by FY2023 and delivery consistent revenue growth in the medium term because of its key growth levers," the firm has said.
Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization.The Company also operates a large non retail distribution network through its urban wholesale division and caters to millions of customers through over 30,000 dealers. Shares of Bata India have fallen from levels of R 2262 to Rs 1736.

Titan

Sharekhan is also upbeat on the stock of Titan and has maintained a buy call with a price target of Rs 2900 on the stock. "We have broadly maintained our earnings estimates for FY2023 and FY2024," the firm has said.
T itan Company is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation, commenced its operations in 1984 under the name Titan Watches Limited. Titan is the fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories. Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail. The shares of Titan were last seen trading at Rs 2141 on the BSE. The shares have hit a 52-week low of Rs 1161 and a high of Rs 2767.

Disclaimer

Investors are advised caution as the markets have become exceedingly volatile. Neither Greynium Information Technologies, nor the author, would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.