Stock Market Tips: The beginning of July has been strong for the stock market with Sensex and Nifty making new highs. At present, good buying is going on in all the sectors and the global market is also pointing towards a boom. Analysts believe that the Indian stock market can deliver solid returns in the medium to long term.
Experts say that China currently has a soft stance, while India is swimming apart from everyone else. The government is currently investing heavily in digital public infrastructure, private consumption has increased and credit offtake has also increased. Apart from this, the prices of oil, gas, palm oil, steel, coal have come down, which is a positive thing for the companies. Due to these reasons, the margin of the companies has increased. In the current market condition, investors can consider holding capital in 5 stocks.
HDFC Bank’s stock is on the first position in this list. After the merger, this share is increasing and from here it can increase up to 24 per cent. The company’s asset value is strong and profitability has improved. The management of HDFC Bank also gives a high growth forecast.
HCL Technologies is another stock worth buying. The company expects a 50 percent increase in spending in the IT services market by 2025. Especially companies are focusing more on cloud based services. HCL has tied up with top hyperscalers and is ready to take advantage of the emerging market conditions.
It is also recommended to buy Metropolis Healthcare shares. The company operates in the wellness segment which has registered a growth of 45 per cent in the last one year. The company projects 18 per cent non-Covid revenue growth in FY23. The company plans to open 90 labs and more than 1800 centers by 2025.
Another stock to buy is Orient Cement Ltd which has presence in west-south and central markets. The company is equipped with a capacity to produce 8.5 million tonnes of cement. It is increasing its capacity in the West and Central. Orient Cement has no stress on its balance sheet and is expanding.
The brokerage firm is positive on Apollo Pipes shares. The company is expected to grow at a CAGR of 35 percent over the next four years. This will help the company to increase gross margin.
