Markets Could Fall Next Week, 5 Stocks You Can Buy And Build Your Portfolio

Markets are expected to fall next week, at least on the Monday morning, after the Dow Jones came crashing down by more than 800 points. Here are 5 stocks to buy that we have picked from the latest report of broking firm Sharekhan.

List of stocks to buy

Name	Current market price to buy	Target price of stock
Inox Leisure	470	675
Zee Entertainment	235	350
PVR	1769	2250
Welspun India	75.7	105
KPR Mills	597	810

"Retail, multiplexes, and hospitality companies posted resilient performance in Q4FY2022 despite emergence of the third Covid wave impacting January 2022 performance. Revenue of retail companies (excluding Titan) and hospitality and QSR companies grew by 15% and 25%, respectively, because of strong recovery in February and March 2022.

Media stocks Zee, Inox and PVR has a buy call

As far as Zee Entertainment goes, Sharekhan has a target price of Rs 350 on the stock. "We have cut down our earnings estimates for FY2023E/FY2024E by factoring in softness in advertising environment, margin impact due to higher investments, and pricing embargo," the firm has said. The shares of Zee Entertainment had earlier hit a 52-week high of Rs 235.95.

For PVR the firm has tweaked its earnings estimates for FY2023E/FY2024E, factoring in Q4FY2022 results, anticipation of higher wage inflation, and massive content lined up.

For Inox Leisure the firm has a buy call on the shares with a price target of Rs 765 on the stock. "We have revised our earnings estimates upward for FY2023E/FY2024E, factoring in Q4FY2022 results, strong consumer demand, and healthy movie pipeline," the firm has noted.

Welspun India and KPR Mills stocks a buy from the textile space

The firm also has a buy call on the stock of Welspun India and KPR Mills. For Welspun India, the firm has reduced its earnings estimates by 5% and 3% for FY2023/FY2024, respectively, to factor in lower-than-earlier expected margins. Welspun India s Asia's largest and the 2nd largest terry towel producer in the world. It exports more than 94% of its home textiles products to more than 50 countries.

As far as KPR Mills is concerned, we have broadly maintained our earnings estimates for FY2023 and FY2024, the firm has said. KPR Mill is one of the largest vertically integrated, public limited - listed company with diversified business focus spanning across Yarn, Fabrics, Garments and White Crystal Sugar.

As far as our analysis goes we think that stocks of Zee Entertainment and KPR Mills are good stocks to buy, though we believe that in the event of the markets falling, they too could slide. However, investors looking to buy from a 3-5 year time frame, should not be worried about market volatility.

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.