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In a special edition — Champion Stocks — aired on Zee Business on the occasion of National Sports Day, Zee Business research analysts along with TradeSwift Director Sandeep Jain recommended five stocks that have athletes like power and can turn out to be the winner with their stellar and consistence performances.
Given below is the list of five stocks that replicate the strength, power, and consistency of sports personalities and can also give good returns.
Mirabai Chanu – ITC: Target – 330/360 – Buy
ITC is a Nifty50 heavyweight and has proved its mettle even in weak market sentiments, as same as Mirabai Chanu, who have won at least one medal in all her international competitions. ITC in its consistent growth has jumped 45% in the last 6 months, research analyst Nupur Jainkunia said
The one narrative that joins both Mirabai Chanu and ITC is number 200. The weightlifter had lifted around 200 kgs in her latest bout and Rs 200 per share is ITC’s bottom. The counter has a good grip across sectors such as FMCG, paper, and hotels among others.
Market expert Sandeep Jain said ITC has a deep relation with Rs 200 share price and there have been many memes on the same too. However, ITC has the potential to surge further as same as Chanu. The stock is at PE 23x on cheap valuations, he said, adding that the target would be Rs 330 and 360 apiece.
Avinash Sable – Devyani International: Target – 195/210 – BUY
As same as staples runner Avinash Sable, this quick service restaurants company stock – Devyani International is a surprise mover. In the recent Commonwealth Games, Sable won second prize in the 3000-meter staple race like a dark horse, as senior research analyst Kushal Gupta.
Similarly, Devyani has been a horse of a long race. The company is one of the profitable entities in the new-age segment, before its deadline, Gupta said. According to Sandeep Jain, Devyani has outperformed the sector and market, hence the share price of the company may see levels of Rs 195-210, he suggests a Hold rating.
Sharath Kamal Achanta – Indian Hotels: Target – 320/350 – Buy
Ace table tennis player Achanta has won at least 10 international competitions at the age 40. Research analyst Ashish Chaturvedi sees same qualities in Tata Group company – Indian Hotels.
For over 120 years, Indian Hotels has been in the five-star luxury hotel chain business in India as well as abroad. It has a presence in 10 other countries, Chaturvedi said, adding that the management is aiming for a big turnaround by 2025.
Sandeep Jain on Indian Hotels said that the company is reliable and has a Tata Group pedigree. Jain said that he is overall bullish on the hotels’ sector and advised Buy on the decline.
Sakshi Malik – Larsen & Toubro: Target – 1950/2030 – Buy
Jainkunia said that the common thing between Sakshi Malik and L&T is that both are powerful and lead India from the front. She added the company’s chairman AM Naik and Sakshi Malik both have been awarded Padma Vibhushan.
L&T has a good contribution in the Nifty index and it has a strong order book in design, construction, and engineering business with good fundamentals, JainKunia said.
Meanwhile, Jain said L&T has a strong pedigree and has contributed well in India’s growth story. He sees a target of Rs 1950/2030.
Neeraj Chopra – Tata Elxsi: Target – 9530/10150 – Hold
This Tata Group stock has shown discipline and consistent performance akin to Olympics gold medallist Neeraj Chopra. Tata Elxsi has reported 1000% return in 5 years and it has been a star performer in special technology such as IoT and cloud, Kushal said.
As per Sandeep Jain, Tata Elxsi is a good company. He said that the company’s profits have doubled in the June quarter and the stock is trading at PE 90x. He sets a target of Rs 9530/10150 and suggests to Hold and Buy on declines.
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