Diwali Picks: GEPL Capital recommends these 4 stocks for profit bookings - Check target prices here
GEPL Capital has suggested 4 stocks for this Diwali. Check these stocks - KPR Mill, Canara Bank, Nalco, NTPC - for good returns. Also check target prices and other details.
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
KPR Mill
KPR has 12 manufacturing units of advanced technology equipped with a capacity to produce 1,00,000 MT of yarn per annum; 40,000 MT fabrics per annum; 115 million ready-made knitted apparel per annum, one of the largest Garment Producers in India. The garment order book, which was around Rs 575 crore in Q4FY21,is now close to Rs 700 crore. Target Price is Rs 570.
Canara Bank
Canara Bank had a networth of Rs 60,017 crore as on June 30,2021, also supported by Rs 2,000 crore equity raised by the bank via QIP during fiscal 2021. Further, the bank has raised Rs 2,500 crore equity in August 2021. CET1, Tier-I capital adequacy ratio(CAR) and overall CAR stood at 8.85%, 10.34% and 13.36%, respectively. Target Price is Rs 237
Nalco
NALCO has nearly fixed production costs, and any fluctuations in realisations directly affect its revenues and margins.The average LME aluminum price rose 52% versus a year earlier in fiscal 2Q on better demand and less supply from China, the largest aluminum-producing country. Target Price is Rs 165.
NTPC
NTPC has coal blocks with estimated geological reserves of about 5BT, which has an ultimate capacity of 71 Million Metric Tonnes of coal per annum when all mines reach their peak capacity. Target Price is Rs 200.