look news india
Stocks to Buy: Ahead of the Lok Sabha election results, the local markets are witnessing a strong rally. Although the day of the results was a risky trading day for the market, market experts and brokerage firms are excited about the future scenario of the market. Especially which stocks can see a good rise in the new government. There is a special focus on this, so we have brought for you such stocks of market experts, which are recommended to be bought before the election results, because these stocks can do wonders in the new government. Looking at the fundamentals and outlook, these stocks can see a good rise in the future. Today Sharad Awasthi and Angel One Sameet Chauhan of SMIFS Limited have selected Sheela Foam KNR Construction.
Which stocks does Sharad Awasthi of SMIFS Ltd like?
Buy Sheela Foam
It is advisable to buy Sheela Foam. It is the country's leading foam manufacturer. The company manufactures mattresses for cars, furniture, PU foam. Sleepwell, Karlan are its brands. Recently acquired by Karlan. The company can see good growth in all three segments of real estate, automobile. The primary raw material is a derivative of oil. Considering the prices of crude oil, the pressure should remain low from here. The company has recently expanded its business in Australia and Europe, which can be beneficial in the future. It has to be bought for a target of Rs 1200 for 1 year.
Sameet Chauhan of Angel One picks this stock
Buy KNR Construction
In view of the elections, buying is recommended on KNR Construction. A gain of 10 to 15 percent has been seen in the last 2-3 weeks. It is performing better than the broader market. Consistent volume activity in the stock suggests that the stock is going to make a big move. The monthly chart has come out of the consolidation phase of two to three years. Can go to 415 in the medium to long term. Every cut and buy is advisable. If it comes to 280-290 then it is advisable to buy it here. The target for this stock is 385 to 415 for 1 year.
