Here are Angel One’s best recommendations for action

As part of its Diwali 2021 stock picks, national brokerage and research firm Angel One (formerly Angel Broking) has recommended sixteen stocks that one can look to buy. His top picks include Ashok Leyland, PI Industries, HDFC Bank, Federal Bank, Sobha, Stove Kraft, Safari Industries, AU Small Finance, among others.

Angel One’s stock picks under automobiles include Ashok Leyland with a target price of ??175, Sona BLW Precis. (target price ??775), Ramkrishna forgings (TP ??1,455) and Suprajit Engineering (TP ??425).

In the banking sector, its stock recommendations are AU Small Finance with a price target of ??1,520, Federal Bank (target price ??135), HDFC Bank (TP ??1,859), Shriram City Union (TP ??3,002). Meanwhile, PI Industries is Angel One’s first choice in the chemical space and has a target price of ??3,950 on stock.

The other stocks chosen by the brokerage are Carborundum Universal (TP 1010), Stove Kraft (TP ??1,288), Safari Industries (TP ??979), Sobha (TP ??950), Whirlpool India (TP ??2,760), Lemon Tree Hotel (TP ??64), and Amber Enterprises with a price target of ??4,150 per share.

“We expect the banking sector to dominate the markets from now on given the strong rebound in earnings in S2FY2022 due to the resumption of growth in assets under management and lower provisioning. We also expect sectors such as aviation, consumer durables, hotels, multiplexes and real estate to perform well on strong profit growth in the second half of fiscal 2022 due to the continued reopening of the economy and pent-up demand, ”Angel One’s note said.

However, he sees a larger than expected third wave of Covid in India impacting the recovery process, and a further rise in global inflation from current levels forcing central banks to tighten sooner than expected. as key risks to the markets.

The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.

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About Jean R. Manzer

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