3 stocks to buy next week as markets set to crash again

Aditya Birla Fashion and Retail

Sharekhan has a buy on Aditya Birla Fashion and retail stock for a price target of Rs 370. The company has a strong network of 3,468 branded stores across the country. It is present in over 28,000 multi-brand outlets and over 6,500 department store outlets across India as of March 31, 2022. It owns leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. . Pantaloons is one of India’s leading fashion retailers.

“We have broadly maintained our earnings estimates for fiscal 2023 and 2024 to take into account better-than-expected performance and strong recovery prospects given by management,” Sharekhan said.

“After a strong third quarter focused on festivals, branded apparel and retail businesses started the fourth quarter on a slow note due to the disruption caused by the emergence of the third wave. However, the Omicron wave short-lived did not have much of an impact on consumer sentiment, which contributed to a strong rally in Feb-March 2022,” he noted.

bata india

bata india

Another space stock that the company has purchased is the Bata India stock. Sharekhan has set a price target of Rs 2,370 on the title of Bata India.
“We have refined our earnings estimates for fiscal 2023 and 2024. We expect Bata to exceed pre-COVID level sales by fiscal 2023 and generate consistent revenue growth over the medium term due to its key growth levers,” the company said.
Bata India is the largest shoe retailer and manufacturer in India and is part of the Bata Shoe Organization. Bata India shares rose from levels of Rs 2262 to Rs 1736.

Titan

Titan

Sharekhan is also bullish on Titan stock and has maintained a buy call with a price target of Rs 2900 on the stock. “We have broadly maintained our earnings estimates for fiscal years 2023 and 2024,” the company said.
Titan Company is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation, began operations in 1984 as Titan Watches Limited. Titan is the fifth largest integrated manufacturer of own-brand watches in the world. Over the past three decades, Titan has expanded into under-penetrated markets and created lifestyle brands in different product categories. Titan is widely known for transforming the watch and jewelry industry in India and for shaping the Indian retail market by pioneering experiential retail. Shares of Titan were last seen at Rs 2141 on BSE. The shares reached a 52-week low of Rs 1161 and a high of Rs 2767.

Disclaimer

Disclaimer

Investors are urged to exercise caution as markets have become extremely volatile. Neither Greynium Information Technologies nor the author would be liable for any loss based on a decision to read the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.

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