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Top Stock Picks: 5 Stocks To Buy With Potential Upside Up To 57%- Angel One
After the fall in the first week of March there has been seen significant recovery and Fy23 has been kicked off on a strong note by the Indian markets. The Nifty briefly even scaled above 18000 levels, now again there is correction seen as there is still an overhang due to the Ukraine crisis. Also, the markets remained resilient as there is lent support by the domestic mutual funds.
So, as despite some of the headwinds such as high inflation, there are some positives that needs to be underlined and are as below:
1. Record high exports
2. Composite PMI numbers improving hinting at resilience in the economy
3. Strong GST collection
4. Record level of power generation
Outlook for the markets as put by the brokerage house for the near term
As per the brokerage firm amid inflationary threat and an overhang due to the Ukraine-Russia crisis, markets shall continue to remain rangebound for the next 1-2 quarters. Sectorally, consumer staples as well as IT will outperform owing to lower impact because of higher energy prices on margins. Also, the company is bullish on the banking sector as the asset side risk is behind the industry. As far as the manufacturing concerns are concerned, they shall suffer margin pressure and only those with pricing power shall be able to sustain.
5 Angel One Top Picks from the miscellaneous space to be bought now
So, here are the Angel One top picks for April from Miscellaneous spaces that can be bought for gains up to 57%. Here the recommendations are based on stock's individual fundamental analysis.
| Stock | Price at the time of recommendation | Target price | Potential Upside |
|---|---|---|---|
| Stove Kraft | 669 | 1050 | 57% |
| Sobha | 719 | 1050 | 46% |
| Amber Enterprises | 3637 | 4150 | 14% |
| Oberoi Realty | 978 | 1250 | 28% |
| Devyani International | 173 | 219 | 26% |
Disclaimer
The above stocks are taken from the Top picks April 2022 report of Angel One. Markets are highly uncertain and one should invest in them based on their own risk profile and judgements. Investors and readers of the story should not construe the above story as an investment advice.
