Seven attractive shares that you should buy; recommendation from an expert
The gradual rally of the market will continue in near future. Now most of the market experts and specialists are agree on this fact. Despite the global and domestic volatility, NIFTY50 is gradually moving towards the level of 10900 and most probably it will be achieved by July, 2020.
Here I am going to present the view and suggestions of Dharmesh Shah, head-technical, ICICI direct from ‘D-Street Talk’ with Moneycontrol. According to him as NIFTY midcap and small-cap indices have rallied 11 percent and 15 percent respectively, it creates a money-making opportunity in these stocks.
He suggested seven stocks that can be purchased as profitable investment. Followings are the details of these stocks.
Balkrishna Industries: The symbol of the equity is BALKRISIND and has been listed in 2006. The industry is working in tyres and allied sector and has currently price to earnings ratio of 22.86 as on July 6, 2020.
Trent Limited: Trent limited with equity symbol of TRENT has a higher price to earnings ratio of 142.46 as on July 6, 2020. The company is working in retailing sector.
Natco Pharma Limited: This 25 years old pharma company has price to earnings ratio of 25.44 as on July 6, 2020. The equity symbol of the company is NATCOPHARM and working in pharmaceuticals sector.
Deepak Nitrite Limited: The Company with equity symbol DEEPAKNTR has been listed in 2010 and has specialty in chemicals. The company has good price to earnings ratio of 12.01 as on July 6, 2020.
Multi Commodity Exchange of India Limited: The Company with equity symbol MCX has a status of ‘permitted to trade’ and the company has been listed in 2012. The company is working in capital market segment.
Rallis India Limited: The Company has been listed in 1999 with equity symbol RALLIS and working in pesticides and agrochemicals sector. The company has a price to earnings ratio of 41.14 as on July 6, 2020.
Bajaj Electricals Limited: The Company with equity symbol BAJAJELEC has been listed in 2007 and working in home appliances segment of consumer durable goods.