Amid selling by foreign institutional investors (FIIs) in Indian markets, Nifty has already fallen 10% from its record high of 26,277 on September 27 and experts are now giving targets of up to 21,300 for India’s flagship index. On this basis, a further decline of 10 percent may be seen. So in such a situation, are there any stocks for investors in this declining market, where they can be bought.
Brokerage firm Antique Research has given BUY opinion on some such stocks after Q2 results and has also started coverage on one stock with big potential returns.
Kolte-Patil Developers
The brokerage is quite bullish on the real estate company. A tremendous rise of 71 percent can be seen in this stock. The current share price is around Rs 354, the target price brokerage has kept at Rs 618. The brokerage has increased its old target price of Rs 596 by 4%. It has been a strong quarter for the company. The September quarter has seen the highest quarterly bookings so far and continued healthy cash flow generation.
Sunteck Realty
The brokerage is quite bullish on other realty stock brokerages. The share is currently trading at Rs 494. The big target of brokerage on this is Rs 786, which is an upside target of 60 percent compared to Wednesday’s closing of Rs 491. The brokerage has increased its target by 4 percent from its previous target of Rs 759. This quarter has been good for the company.
CESC
Brokerage Antique Research has given a buy opinion in power company CESC. The company’s shares are currently trading around Rs 175, there is a buy opinion for the target of Rs 203, which is an upside of 16 percent. The company had released its quarterly results this week. Its business has remained stable in this quarter. Conso PAT for 2QFY25 is up 3 per cent YoY.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.