According to experts, investing in a fundamentally strong stock can be beneficial in the corona crisis. There will be no fear of risk in this. They will also give better returns.
Investing in stocks
During the Corona period, there is increasing pressure on the stock market. The SENSEX has weakened to near 9 percent from its record high. The current decline in the market may continue even further. In such a situation, investors are avoiding investing money in stocks, but according to experts, investing in a small amount of shares in this round can be a profitable deal. They are strong on a fundamental basis. Today we will tell you about some such stocks suggested by experts, which are worth less than 100 rupees and investing in them can be beneficial.
According to Brokeres House Profitmart Securities, it would be good to invest in Marin Electricals stock these days. Right now its price is around 67 rupees and its target has been kept at 81 rupees. In this, you can get 21 percent return. It is one of the leading companies in the country in electrical solutions. The company has a strong client base. Indian Navy, Mazgaon Dock, Goa Shipyard, Garden Reach Shipbuilders and Cochin Shipyard are its permanent customers.
According to brokerage house Choice Equity Broking, investing in Finotex Chemical can also benefit. The broking company has fixed its target at Rs 105. Currently, its current price is around 68 rupees. In such a situation, this stock can give up to 55 per cent returns in the coming days. It is a chemical manufacturer company. Apart from India, Malaysia also has its manufacturing facility, 52% of the company’s revenue comes from overseas business. Therefore, even in the Corona crisis, there will be no risk from investing in this stock.
According to another brokerage house, investments can be made in Minda Corporation. At present, the stock is worth about 97 rupees. It can go up to 120 rupees. According to the broking company ICICI Directive, it can get 24% return. Its stocks can grow rapidly if there is recovery in the auto sector, especially in two wheelers.
note : The stocks mentioned above have been suggested by different p broking firms, but we do not make any claim about this. So before investing in such stocks, you must take suggestions from market experts or your broking firm.
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