- by Sayantan Das
- 03rd Jan 2021
Shares to Buy this New Year
With the page of the calendar changing, the stock market is also taking quite a turn. A revival of growth is,
however, being predicted by Axis Securities. The firm listed 9 stocks that are expected to grow this year:
- Colgate Palmolive (Target Price: Rs 1,745)
The company believes in maintaining a competitive position by a balance between pricing and volumes.
Translating 11% upside potential, the shares closed at Rs 1,577 per share on Friday.
- Infosys (Target Price: Rs 1,404)
This second-largest IT service firm of India recently won a contract from Daimler worth $3.2 million. The company
is currently trading at Rs 1,260.
- Bharti Airtel (Target Price: Rs 676)
They are trying to diversify their offerings. On Friday, the shares closed at Rs 515 per share.
- Relaxo Footwear (Target Price: Rs 925)
Different types of shoes and slippers are offered by the company. 18% upside potential is expected.
- Amber Enterprises (Target Price: 2,800)
Client requirements for outdoor and indoor units and Window ACs are met by the firm. An 18% upside potential is
predicted by Axis Securities.
- Ujjivan Small Finance Bank (Target Price: Rs 47)
With a 20% upside from current levels, the target price is Rs. 47.
- Star Cement (Target Price: Rs 115)
With low debt and strong return ratios, Star Cement has a healthy financial position. The EBITDA margins are
expected to improve from 20.6% in FY20A to 23.9% in FY23E. To reach the target price, an upside of 13% is being
seen.
- Solara Active Pharma Sciences (Target Price: Rs 1,350)
API was the theme for 2020 and would also remain a key aspect of 2021 due to its alignment with the PLI theme.
By rallying 14% from current levels, the firm can reach the target price.
- NOCIL (Target Price: Rs 176)
The business saw significant improvement from H2FY21. A 22% upside for the stock is expected by the brokerage
firm.
