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6 Stocks To Buy, 1 To Sell By Different Brokerages

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Indian indices in trade on April 12, 2022 ended on a weak note, with Nifty declining to below 17550 points. Nifty Bank on the other hand spurted and Nifty Mid cap still underperformed with losses to the tune of close to 2%.

 

Meanwhile, here is a list of stocks that are given a buy and sell.

6 Stock Buy Ideas

SJS Enterprises

SJS Enterprises

IDBI Capital has given a 'Buy' call on the stock of SJS that is among the leading entity in the Indian decorative aesthetics industry. The company is a design-to-delivery" aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries.


The buy has been given for a target of Rs. 600 to be attained in 1 year, the price at the time of recommendation has been Rs. 350. This means a potential upside of 71%.


The rationale for the stock buy is that the company has a high growth low capex business model. Due to its high RoCE and cash generation, it is expected to report 24% sales CAGR and 34% PAT CAGR between 2021-22 and 2023-24.

Chemplast Sanmar
 

Chemplast Sanmar

IIFL Securities has placed its buy call on the stock for a target of Rs. 990 per share in 1-year time frame. The potential upside from the recommended price of Rs.624 is 59%. For the Speciality chemicals firm it is said that its custom manufacturing business is doing good and this could turn out to be a surprise for the investors with re-rating in the offing for the stock.

Equitas Small Finance Bank

Equitas Small Finance Bank

Nirmal Bang has given a 'Buy' with a potential upside of 53% and a target of Rs. 81 in 1 year. The brokerage is of the view that the stock is undervalued despite its strong runway for growth, improving profits as well as improving liabilities portfolio. The possible growth in AUM will be a trigger for re-rating.

Anupam Rasayan

Anupam Rasayan

Jefferies has stated a buy on the scrip for a target of Rs. 1040. The 'Buy' has been iterated as the company is seen to benefit on account of the China + 1 Policy. This policy is an initiative whereby there is put forth the need to look beyond and invest in other countries too besides China.

Varun Beverages

Varun Beverages

The FMCG player has been given a 'Buy' for a target of Rs. 1150 by Emkay. The volume growth at the firm is expected to be in double digits in the just concluded quarter of March. Also, because of price hikes and cost optimisation measure at the same time, the company is better placed to confront inflationary pressure.

BPCL

BPCL

This oil marketing company is a divestment candidate and brokerage firm HDFC Securities has recommended a buy for a target of Rs. 420. The brokerage is of the belief that the correction in the stock is overdone and the loss it met on account of pressure on auto fuel marketing margins and an increase in LPG underrecoveries has been to the tune of 30% in the last 6 months.

Sell Ideas

Maruti Suzuki

Maruti Suzuki

Centrum Broking has given a sell call on the auto major and see it to hit a price of Rs. 7187 i.e. a potential downside of 5% from the recommended price of Rs. 7554. The company has maintained a reduce rating and suggest while the EV and battery manufacturing spree shall address the overhang on the company, the EBITDA at the company shall suffer until the plant is fully ramped up.

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