Before the presentation of Budget 2024, market experts have suggested some of the best stocks for investors. Market experts have selected 7 stocks that are priced below Rs 100 but have good earning potential.
This recommendation is an investment plan for the medium- to long-term.
He says that in these stocks, he looks at the quality, not the price. Whether the stock is Rs 10 or Rs 100, if it has potential, it can grow.
During a discussion in a business channel, both experts talked about these stocks. Let us take a look at the stocks selected by these experts here.
Geojit Financial Services
Another expert has advised you to purchase the stock with an initial price target of 150 rupees. The time frame is 1-2 months.
He says that the company has a good presence in the market and a strong customer base. He said said, ‘They have about 14 lakh customers. I like this stock because the financial performance shown by the company is very good.’
Bank of Maharashtra
Both expert have recommended buying the stock of this public sector bank. Expert has set a preliminary goal price of approximately Rs 90 for 6 to 12 months, whereas Jain has established a target price of Rs 85 over between 2 to 3 months.
Patel Engineering
Expert has recommended buying this stock with a target price of Rs 95 for 6-12 months. He believes the Patel Engineering Ltd is the best.
The company specializes in hydropower and he remembers that this stock used to be at Rs 151. Following that, many investors such as Vijay Kedia also invested in it.
The company is expected to grow more during the upcoming financial year since its order book is nearly 19,000 crore rupees.
The company has announced it expects to have the target of having an order book worth around Rs 25,000 crore by the end of the fiscal year.
They also expects a big announcement on hydropower in the budget.
NLC India
NLC India Ltd is a Navratna company. This company is engaged in power generation as well as mining.
Technical analyst has given an initial target price of Rs 326-330 for a time frame of 1-2 months. He claims that the company is working on big plans to develop renewable energy sources.
The company has long-term plans to expand its power industry. This is a stock that he feels is in a good position.
BCL Industries
Expert has advised to buy this stock with a target price of Rs 75 for 6 months. He explains that in the past two years, the company has invested a lot in Ethanol.
The company inaugurated a new plant in West Bengal. In the past year, the company has made an income of around Rs 98 crore.
The company has stated clearly that it will keep an income of 14 percent. I am convinced that the company is likely to earn a profit of around 150 crore rupees.’
GMR Airports
He has suggested buying this stock with a target price of Rs 130 with a time frame of 6 months.
GAIL India
The expert has set a target price of Rs 265 to Rs 270 for it with a time frame of 2 months.
He says, ‘I like this company because its volume is expected to improve significantly. Additionally, the company increased the capacity utilization of its employees. The company has a good capital expenditure plan for FY 2024-25.’
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
