Five Must Buy Stocks for Aug and September 2020


Day by day the Audience is adapting the new normal and share market also adapting the new highs in current volatile situation. There are many stocks which gained 400 percent since lock down and there are many which got down by 200 percent. Investor should pick their stock very carefully and choose the one with strong fundamentals. We bring you five of the short term stocks which can give 10 percent to 28 percent returns in 45 days.

Sharda Cropchem: This small cap stock has good fundamentals and has zero debt on it. A must but for long term as well as short term for profit booking. Brokerage firms are expecting 25 percent return till end of September. Buy around Rs 290 or plus with target of Rs 348 till last week of September 2020. Stock Promoters is increasing their shareholding and has nil promoter pledge the only weakness is the Mutual funds companies have reduced their shareholding in last quarter. However stock has steadily recover from its 52 week low from March lockdown this indicates the strong support at third Resistance hence it’s a must buy for short term.

Symphony: Located in Ahmedabad and having operations in about 60 countries Symphony is a good name in manufacturing of air coolers. Symphony has low debt which made solid fundamental along with the Zero promotor pledge this stock is expected to offer 27 percent returns in 42 days. Brokerage firms are keeping track of this stock and upgraded their recommendation on target price since last 90days. Buy around Rs 834 with target of Rs 1,070 in just 40-42 days.

Balkrishna Industries: one of the favorite stocks of brokers among the tyre manufacturer Balkrishna is must pick for short term investors. With decent fundamentals this stock has potential to provide 20 percent returns in 35-40 days. The MACD crossover is above single line which is a positive sign for this stocks and day by day equity brokers are increasing their stacks in this stock which will help in long term. Buy around Rs 1388 or 1387 with target price of Rs 1,637.

Zee Entertainment Enterprises: one of the premium blue-chip stock ZEEL has recently published their quarterly result and due to COVID-19 it wasn’t good enough but still this stock has showed good strength and recover well from March fall companies subscription revenue grew with decent margin with major contribution from Zee5 Subscription. Company showed growth in net profit with increasing margins Quarter on Quarter hence the promotors and brokers are showing high interest in this stock and predicts the good recovery in next quarter. Expect the 19 percent return till end of September. Buy around Rs 197-198 with Target of Rs 235.

Gujarat State Petronet: This is a right time to buy this stock as PE ratio is 10.5 with zero promoter pledge. Recently posted quarterly result and presented growth in operating profits and revenue margins. Annual net profit is increasing since last years which make this stock fundamentally strong enough to give 20 percent returns in next 40 days. Buy around Rs 200 or less with Target of Rs 247.

Apart from these five there are few other which can afford to give you 10-15 percent returns in short terms till September 2020 which includes TTK Prestige, Tata Power, Petronet LNG, Firstsource, Hero MotoCorp and Hindalco.

“Happy investing”
   

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