Investment Insights

2024 Best Top 3 Per Sector Stocks

BJP won 3 states and market came to its all time high But this is just a trailer because if in 2024 BJP government comes again Then in these 4 sectors, there is going to be a lot of speed in the stocks Which is the first sector is :-

Defense

This year, the government has banned more than 900 defense item imports So that Indian defense companies can get maximum orders Which will be directly benefited by these 3 defense companies First is

HAL Stock

It manufactures aircraft and helicopters for the Indian Air Force and HAL, and has ordered 82,000 crores.

Shares of Hindustan Aeronautics (HAL) have rallied nearly 30%, remaining unbeaten in nine trading sessions and making fresh 52-week highs on a daily basis. The stock price is expected to move up to 10%, albeit with minor hiccups, as the recent rally has taken the stock into a strongly overbought zone, experts say.

On Thursday, the stock fell nearly 1.5% on an intraday basis with momentum indicators RSI and MFI at 91.2 and 97.6, according to Trendlyne. It is also above its 50-day and 200-day simple moving averages (SMAs).

The stock is expected to continue its strong upward momentum in the coming days, derivatives analyst at SAMCO Securities Ashwin Ramani told ETMarkets. On technical charts, HAL has been moving at higher highs and higher lows since November 23, 2023, he said.

One of the highlights has been HAL’s stability as the stock has traded at a 1-year beta of 0.2 despite a robust rally. HAL shares have returned over 90% in the past 12 months, outperforming the Nifty, which has given over 12% returns during that time.

The price took resistance around the 2,086 levels on the daily chart twice on August 24 and September 11, gave a breakout on November 16, and later retested the same level on November 22, Ramani informed as he said that it has sharply risen since then.

The F&O counter has maximum CALL open interest at 3,000 a strike, which is likely to act as immediate resistance, while the level of 2,500 is likely to act as support, he adds.

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MazgonDoc Stock

This company manufactures missile boats, submarines and warships for Indian Navy.

Shares of Mazagon Dock Shipbuilders jumped over 5% to the day’s high of Rs 2,165 on the NSE on Monday following receiving an order worth Rs 1,145 crore from state-run Oil and Natural Gas Corporation (ONGC).

The order pertains to the Part Replacement of Pipeline Project (PRPP) on a turnkey basis and the order value includes all taxes and duties, the company said in its filing to the exchanges on Friday.

Meanwhile, ONGC shares were up 1.6% to the day’s high of Rs 199.20. The stock has hit its 52-week high of Rs 205.90 on December 4.

Today’s gains helped the stocks break its two-session losing streak where it lost 2.8% in price.

The multibagger stock has given 141% returns over the last one year, outperforming the Nifty50 which has delivered 13% during this time. In 2023 year-to-date, the rally has been more prominent as the stock gained over 170%.

The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) and today’s price action has taken the stock into an overbought zone, according to Trendlyne data which suggests its day MFI at 73.7. However, another momentum indicator RSI puts stock in a medium range of 55.2.

Despite a strong rally the stock has been relatively stable and has traded with a 1-year beta of negative 0.2, the Trendlyne data said.

The government-owned shipping company reported a net profit of Rs 332.9 crore for the quarter that ended September 30, 2023, which was up from Rs 213.9 crore reported by it in the year-ago period. The net profit in the June ended quarter stood at Rs 314.3 crore.

The revenue for the reporting quarter stood at Rs 2,079.2 crore versus Rs 1,866 crore in Q2FY23. It was down on a sequential basis as the company had reported a revenue of Rs 2,405.4 crore in the June quarter.

Bhel Stock

which manufactures defense equipments.

Mumbai: Investors in Bharat Heavy Electricals (BHEL) have reasons to be happy with the stock more than doubling so far in 2023 to an eight-year high but the more seasoned on Dalal Street are watching the run-up with a dash of cynicism. They do not want a repeat of 2007-08 – the peak of the bull run then – when the stock hit the highest price ever after a scorching rally and then plunged to never return to that level. Though analysts said the economic scenario then and now are not comparable, the rally in the stock is vulnerable to a sharp reversal in the event of a delay in the company’s turnaround.

“Most retail investors have bet on the company seeing the overall rally in the PSU space,” said Avinash Gorakshakar, the head of research at ProfitMart Securities. “But if execution is not proper, the shares will see a speed-breaker. Markets are buying into the narrative right now, the numbers are yet to follow,” he said. BHEL shares have surged more than 40% in November alone with steady volumes and closed at ₹183.45 on Thursday.

BHEL’s Stock has Doubled in 2023 but Some Still Wary
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While BHEL was loss-making in the June and September quarters, a pick-up in orders amid the government’s renewed thrust on thermal energy and the visibility it provides has spurred buying for its shares recently. BHEL was easily among the most sought-after companies in 2007-08. After the slump in 2008-09, when the stock fell from ₹390.67 (adjusted) to ₹130.8, it has declined for most of the last decade, with prices crashing to less than a tenth of the peak levels at one point. A slump in orders from the domestic market amid excess capacity coupled with weak execution has plagued the company.

Second sector is:-

Railway

top 3 railway stocks are IRCTC, IRFC and IRCON

IRCTC Stock

NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.49 per cent up in Thursday’s trade at 10:35AM (IST). Around 283,373 shares changed hands on the counter.

The stock opened at Rs 741.05 and touched an intraday high and low of Rs 754.8 and Rs 731.65, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 758.1 and a 52-week low of Rs 557.15.

As per BSE, the total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 59680.0 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1042.39 crore for the quarter ended 30-Sep-2023, up 0.13 per cent from previous quarter’s Rs 1041.0 crore and up 25.32 per cent from the year-ago quarter’s Rs 831.8 crore.

The net profit for latest quarter stood at Rs 294.68 crore, up 30.37 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2023, DIIs held 1.04 per cent stake in the company, while foreign institutional investors held 7.1 per cent and the promoters 62.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 56.24 and a price-to-book ratio of 18.5. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indian Railway Catering & Tourism Corporation Ltd. belongs to the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry.

IRFC Stock

Indian Railway Finance is forecast to grow earnings and revenue by 4% and 4% per annum respectively.

Third sector is:-

Infrastructure

Because by 2030, Indian government is going to spend 1,43,000 crores on Indian infrastructure
Which has a lot of value And these 3 infra companies will get a lot of benefit First is

GR Infra Stock

G R Infraprojects Ltd. has an average target of 1336.00. The consensus estimate represents an upside of 8.56% from the last price of 1230.70.

G R Infraprojects on Wednesday signed a concession agreement with the National Highways Authority of India (NHAI) for a 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway project aggregating to ₹1248.37 crore. The agreement was inked through the company’s wholly-owned subsidiary. The stock ended in the green following the development. 

Which has already delivered more than 100 highway projects On number

L&T Stock

India’s biggest construction company Which is named as L&T And on number L&T And on number

Shares of LTIMindtree Ltd. rose 0.43 per cent to Rs 5732.25 in Monday’s trade. It hit an intraday high of Rs 5749.05 and low of Rs 5700.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 5750.95 and low of Rs 4120.0.

As of 12:53PM (IST), the counter saw total traded volume of 5,760 shares with a traded value of Rs 3.29 crore, according to NSE.

The stock had closed at Rs 5707.65 in the previous session.

The scrip has advanced 9.07 per cent in the past one month till date, while the benchmark BSE Sensex has gained 5.57 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 38.2 while price-to-book ratio stood at 8.49. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the IT Consulting & Software – Mid Cap industry.

Promoter/FII Holding
Promoters held 68.66 per cent stake in the company as of 30-Sep-2023, while FII and MF ownership in the firm stood at 8.11 per cent and 7.23 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 9048.6 crore for the quarter ended 30-Sep-2023, up 2.43 per cent from the previous quarter’s Rs 8833.7 crore and up 7.86 per cent from the year-ago quarter’s Rs 8388.9 crore. Its net profit for the latest quarter stood at Rs 1161.8 crore, down 2.25 per cent from the same quarter a year ago.

Adani Ports Stock

First, till 2070, every new zero word will be received And to zero this carbon emission Government is going to spend 13 trillion dollars by 2030 And that’s why top 3 renewable companies are Tata Power, Adani Green and JSW Energy And don’t miss this bull run anywhere So save the rail

  • Meeting Agenda: Others. Please add to watchlist to track closely.
  • Beating 3 Yr Revenue CAGRCompany’s annual revenue growth of 23.86% outperformed its 3 year CAGR of 17.53%. (Source: Consolidated Financials)
  • Buy Signal: Bulls might dominateWeekly MACD crossover appeared on week ending Dec 08, 2023. Average price gain of 6.38% within 7 weeks of this signal in last 10 years.
  • Employee & Interest ExpenseCompany has spent 11.33% of its operating revenues towards interest expenses and 5.65% towards employee cost in the year ending 31 Mar, 2023. (Source: Consolidated Financials)
  • Adani Ports SEZ Share Price UpdateAdani Ports & Special Economic Zone Ltd. share price moved up by 0.87% from its previous close of Rs 1,022.95. Adani Ports & Special Economic Zone Ltd. stock last traded price is 1,031.90

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of dealsearn)

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