Sensex, Nifty turn weak, volatile: Top stocks that may deliver up to 75% returns in 12 months
In Asia, Hang Seng fell 975 points or 3.13%, Nikkei crashed 974 points or 4.51% and the Taiwan Sec Index was down 182 points or 1.66%. India felt the jitters of the global market crash with the Sensex and Nifty falling up to 523 points and 150 points, respectively.
It's a black Friday for global markets today and India is not an exception. Global markets were roiled after US President Donald Trump imposed tariffs worth $60 billion on imports from China. Asian markets followed lower US closing with Dow Jones falling 724 points or 2.93% to 23,957 level. The Nasdaq too closed 178 points or 2.43% lower at 7,166 level.
In Asia, Hang Seng fell 975 points or 3.13%, Nikkei crashed 974 points or 4.51% and the Taiwan Sec Index was down 182 points or 1.66%.
India felt the jitters of the global market crash with the Sensex and Nifty falling up to 523 points and 150 points, respectively.
The Sensex seems to be heading toward the 32,000 level with a weak closing seen today and March derivatives expiry likely to hit market sentiment next week.
With the market seen falling in near future, we look at stocks which are likely to give good returns within a period of one year.
Dewan Housing Finance: Buy
With a focus on the low and medium income (LMI) consumer segment, the company has increased its presence in tier-II & III cities where the growth opportunity is immense.
We expect Century Plyboards to report net Revenue/PAT CAGR of 17%/16% over FY2017-20E mainly due to healthy growth in plywood & lamination business, forayed into MDF & Particle boards on back of strong brand and distribution network.
Navkar Corporation: Buy
Brokerage: Angel Broking
Target price: 265
Massive capacity expansion along with rail advantage at ICD as well CFS augur well for the company.
High order book execution in EPC segment, rising B2C sales and higher exports to boost the revenues and profitability.