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  1. Buy these 2 stocks under Rs 50 on Diwali to earn up to 33%

Buy these 2 stocks under Rs 50 on Diwali to earn up to 33%

The brightest festival of India, Diwali, is just a few days away, everybody is planning to celebrate the fiesta in their own manner. We bring you two stocks under Rs 50 to buy this Diwali which may return up to 33%.

By: | Published: October 15, 2017 11:30 AM
Gold has returned just 8% since January, while key equity indices — Sensex and Nifty — have risen in the range of 20-22% so far in this year, despite a few corrections. (Image:Reuters)

The brightest festival of India, Diwali, is just a few days away, everybody is planning to celebrate the fiesta in their own manner. Diwali is the most joyous festival, and believed to be a Shubh Muhurat to begin your work, buy new things, start up a relationship and worship the goddess Lakshmi. Most of the people do buy gold, and other precious metals on this auspicious occasion in order to gain from the appreciation in the value of the safe asset. But this time you can think of investing your money into other asset class — stocks. As we look onto the trend, the most preferred asset, gold has returned only about 8% so far in this year to Rs 3062 per gram from Rs 2,844 per gram on 1 January 2017, as per the prices of 24K gold per gram in New Delhi. On the other hand, the key equity indices — Sensex and Nifty — have risen in the range of 20-22% so far in this year, despite a few corrections. We bring you two stocks under Rs 50 to buy this Diwali which may return up to 33%.

South Indian Bank — Indiabulls Ventures

Shares of South Indian Bank has returned over 50% since January 2017. The research and brokerage firm Kotak Securities has recommended it to buy on Diwali with an upside of 33% from its current market price of Rs 30 to the target price of Rs 40. South Indian Bank (SIB) which was incorporated in 1928 at Thrissur in Kerala is one of the earliest banks in the southern part of India. Due to the RBI Act, SIB was the first private sector bank in Kerala to become a scheduled commercial bank in 1946. The asset quality of South Indian Bank has been improving consistently over a period of four quarters. It’s net NPAs (non-performing assets) declined by 144 bps to 1.45% in first quarter of the financial year 2018 as compared to 2.89% in the same period last year. SIB has consistently been reducing its asset quality for 4-5 quarters in a row and we feel management is taking conscious efforts in further bringing down its asset quality which will lead to lesser provisions and in-turn lead to an increase in the profitability, according to Indiabulls Ventures.

TV18 Broadcast — Kotak Securities

Shares of TV18 Broadcast have risen nearly 13% in the current calendar year. The research and brokerage firm Kotak Securities has recommended it to buy with a further upside of 15% from its current market price of Rs 41 to the target price of Rs 47. TV18 Broadcast is one of the largest TV broadcasting companies in India, with presence in news as well as entertainment.  The company has a 50:50 JV with Viacom which operates, among others, Hindi GEC Colors. According to Kotak Securities, strong performance in entertainment channels’ ratings points to strong earnings ahead: Colors, the flagship channel of Viacom18, has emerged as the number 1 Hindi GEC in several weeks of 2016/2017; regional channels too bringing in strong performance. Additionally, near-term earnings of news channels shall benefit from election advertising.

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  1. santosh maddu
    Jan 14, 2018 at 3:20 pm
    sir /madam this is santosh kumar . iam new in the share marketing . i want to buy the good share with in 2 rs and totaly i will buy 10000 rupees . please the best share suggesed to me.s
    Reply

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