KRChoksey June Top Pics: 6 stocks to watch out for
KRChoksey, a domestic brokerage firm, has released a list of its top 6 preferred stocks for the month of June. The brokerage firm has suggested that the prices of these stocks could increase by anywhere between 7% and 22% in the next month. According to KRChoksey, these companies have a strong business model, consistent positive results, growth potential, and are market leaders or strong brand value companies in their respective sectors. The brokerage firm has also noted that these companies have visionary leadership and management and have proven themselves on several occasions. Let’s take a look at the 6 preferred stocks:
1. Kotak Mahindra Bank: KRChoksey has recommended buying this stock at Rs. 2,330 as it is a strong market share, has strong brand equity, liability franchise, and excellent risk management. The current market price of the stock is approximately 21% lower than the recommended price.
2. Balkrishna Industries: The brokerage firm believes that the volume and margins of this company are likely to improve further in the coming days. Therefore, KRChoksey has suggested buying this stock at a target price of Rs. 2,443. The current market price of the stock is almost 6.9% lower than the recommended price.
3. Axis Bank: KRChoksey has recommended buying this stock at Rs. 1,160 as it is currently integrating with the retail consumer business of Citibank, which is likely to increase the value of its entire business. The current market price of the stock is approximately 22% lower than the recommended price.
4. Hindustan Unilever: KRChoksey has suggested buying this stock at Rs. 3,109 as the demand in rural areas is expected to increase, which could result in growth in the volume of this company. The current market price of the stock is almost 15.2% lower than the recommended price.
5. Sonata Software: According to KRChoksey, the recent deals of the company with enterprise clients are likely to help it achieve medium revenue growth in the future. Therefore, the brokerage firm has recommended buying this stock at Rs. 1,128. The current market price of the stock is almost 15.5% lower than the recommended price.
6. UNO Minda: The brokerage firm has suggested buying this stock at a target price of Rs. 680. KRChoksey believes that the company’s strong execution capabilities and technical expertise will continue to perform better than the industry’s growth. The current market price of the stock is almost 21.4% lower than the recommended price.
Disclaimer: The views and investment advice given by the expert on Moneycontrol are their own, and not of the website or its management. Users are advised to consult a certified expert before making any investment decisions.
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