The Indian stock market has been experiencing a significant surge in recent days, with the Nifty, Mid-cap, and Small-cap indices reaching all-time highs. Foreign investors have once again increased their investment in the Indian market, with FIIs investing Rs 16,707 crore last week. In addition, the GDP figures for the second quarter have been released, showing a growth rate of 7.6%. Given these positive indicators, experts have recommended investing in two high-quality government stocks, NBCC and Engineers India, which could provide good returns to shareholders.
According to experts from Sethi Finmart, India’s economy is growing at a rate of 7.6% in the current financial year, and FII investment in the Indian stock market has picked up again. Looking at the long-term perspective, there is a positive recovery in the Indian stock market. Therefore, experts have advised buying shares of government companies NBCC and Engineers India. Engineers India Limited primarily operates in the oil and gas and petrochemical sectors and is also involved in renewable energy, green energy, and coal gasification. Analysts believe that the share price could reach Rs 225 in the next 9-12 months, which is 50% higher than the current price level. On Wednesday, the share was trading at Rs 159, an increase of 1.15%.
Experts have also recommended buying shares of NBCC, which closed at Rs 77.10 on Tuesday, with a decrease of 1.91%. NBCC is mainly engaged in project management consultancy, real estate, and engineering procurement and construction. On Wednesday, the share was trading at Rs 78.1, an increase of 1.30%. The target price for the share has been set at Rs 85, with a stop loss of Rs 69. The company’s shares recorded a 16% growth rate last week and have gained 41% in the past three months. In 2023, the share had a profit margin of 92% for its investors.
Stocks To Buy:
1. NBCC (National Buildings Construction Corporation): Experts recommend buying shares of NBCC due to its strong performance in the real estate and engineering sectors. The stock closed at Rs. 77.10 on December 5, 2023, and experts have set a target price of Rs. 85 with a stop loss at Rs. 69.
2. Engineers India Limited: Experts suggest buying shares of Engineers India Limited as the company operates in project management consultancy, real estate, and engineering procurement and construction sectors. The stock closed at Rs. 156.50 on December 5, 2023, and experts believe it can touch a target price of Rs. 225 in the next 9-12 months.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Please do your own research before making any investment decisions.
People Can Find This Information Useful for: Keywords: Stocks, Buy, Stock market, Nifty, Midcap, Smallcap, FII, Investment, GDP, Crude oil prices, Foreign investors, NBCC, Engineers India, Share, Recovery, Target price, Stoploss, Teji, Bhari giravat, Return, Financial year, Economic growth, Expert, Business, Company, Shareholder, Market, Trading, Price level, Profit margin.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
