Stock market investment- Recommendations for short term

Low price recommendations for stock market investment

Recommending stocks for buying during this indecisive period is very difficult. The market indecision has already made everyone's portfolio negative.Even though stock market investment is still one of the best investment option now. In this article I am recommending some stocks that you can consider buying now. The stock recommendations provided here are the information attained from various organizations. Make your own study before buying a stock.

 

1. Prince Pipes & Fittings

The company is established on 1987, is a small cap company operating in Plastics sector. The income stream of company includes Pipes & Fittings scrap, Contract revenue and other operating revenue.  For the quarter ended March 2022, Company reported a total income of Rs. 901.30 Crore which is 35.39% higher than last quarter total income. Promoter holding of the company is 62.94% as on 31.03.2022. Plastic manufacturing companies has shown a resilient performance in the FY2022 and expected to deliver a strong performance in the medium term. The brocker is recommended to buy Prince Pipes & Fittings with a target price of Rs. 770 and the current market price of the stock is Rs. 591. 

    2. Coal India Ltd

Coal India Ltd is a Large cap company operating in mining sector. The company is incorporated in the year 1973 and have a market capitalization of Rs 118478 Crore. The promoter holding of the company is 66.13 percent as on 31.03.2022. Company is almost debt free and providing a good dividend yield of 8.42 percent. Current market price of Coal India Ltd is Rs 190. For the quarter ended 31.03.2022, the company reported a total consolidated income of Rs. 34495 Crore which is 18.60% higher from last quarter total income. Company reported a net PAT of Rs 6714 Crore in the latest quarter. Coal India Ltd is recommended for buying with a target price of Rs.213. As on Jan 10,  2023 the share price of Coal India is Rs. 217 and the target is achieved. This scrip can still hold for better returns.

   3. DCB Bank Ltd

DCB Bank Ltd has a buy call from HDFC Securities with a target price of Rs. 132. The time frame given by the analyst is one year when the stock reach the defined target. The CMP of the stock is Rs. 78.1(As on Jan 10, 2023 the share price of DCB Bank is Rs.126). The stock is trading at 0.60 times its book value. The intrinsic value of the stock is Rs. 171. DCB Bank Ltd is incorporated on 1995 operating in banking sector. The revenue stream include interest & discount on advances & bills, Income from investment and other interest incomes. For the quarter ended 31.03.2022, the company reported a standalone total income of Rs 1034.71 Crore, up 3.84% from last quarter total income of Rs. 996.42 Crore and up 6.54% from last year same quarter total income. Promoters held 14.86 % share of the company as on 31.03.2022. 

Related articles : Good and consistent companies for share market long-term investment below Rs 150

  4. City Union Bank

City Union Bank is recommended by HDFC Securities with a target price of Rs 218. The time period given by the analyst for the stock to reach defined target is one year. The company is incorporated in 1904 and operating in banking sector. For the quarter ended 31.03.2022, the company reported a standalone total income of Rs 1252.87 Crore, up 4.82% from last quarter total income of Rs 1195.24 crore. The current share price of City union bank is Rs.166 (As on Jan 10, 2023).

The stocks recommended in this article are chosen from various recommendations from other financial advisers. Please make detailed study before buying. Please check my previous content here.

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