The year 2021 has made the markets to reach the bottom and also reach the top. The markets because of the prevailing covid19 have seen a bearish market for quite some time and investors have lost billions in the bear run. But in the same year, the stock markets have reversed and even reached high. If we carefully analyze the market and the stocks, even in such times when the economy is suffering, we will find stocks which turned out to be a multi-baggers giving investors huge returns on the investment. In a similar manner, it is time that we find the Top stocks to buy in 2021 to get the maximum returns. In this article, we will list top stocks which have the potential to be a multi-bagger in the year 2021.
BHARTI AIRTEL | Target Price: ₹ 670
Bharti has delivered a consistently superior operating performance, said Axis Securities. The company continues to gain market share each quarter. Subscriber additions in the last two months have surpassed Reliance Jio. With more price hikes expected in 2021, Bharti Airtel is set to be the biggest beneficiary, said Axis.(Axis Securities)
NOCIL | Target Price: Rs 176
NOCIL is amongst the most diversified rubber chemicals companies in the world, with about 22 products. This offers its customers to partner with a dependable player, offering a one-stop-shop especially in troubled times, said Axis Securities. There has been a significant improvement in the overall business from the second half of FY21 with a sharp rebound in volumes to be reported in FY22 on the back of new capacity, economic growth bouncing back to normalcy and a low base, said Axis.
SPANDANA SPHOORTY | Target Price: Rs 875
Spandana is likely to deliver strong AUM growth, led by higher penetration, customer acquisition, productivity and ticket sizes, said IIFL. Despite its strong earnings growth outlook, a liquidity-overhang may persist, given its dependence on banks and increasing instances of disruptions in MFIs, said IIFL
INFOSYS | Target Price: Rs 1,385
The brokerage remains optimistic on Infosys given its strong digital portfolio, healthy deal pipeline, account expansion, cost discipline and upbeat management expectations. Also, the company is set to benefit from the rapid increase in demand for digitisation across industries amid the pandemic, said Anand Rathi.
COROMANDEL INTERNATIONAL | Target Price: Rs 1,012
The crop protection business grew by 35% versus last year for the first half and 26% for the quarter, the company further strengthened its new product launches and strategic tie-ups with global players and co-marketing initiatives, said Anand Rathi. It continues to invest in R&D, product development and has a very rich product pipeline and tends to introduce new molecules in the coming quarters, said Anand Rathi.
ULTRATECH CEMENT | Target Price: Rs 5,760
The brokerage estimates UltraTech’s consolidated EBITDA will grow at 14% and pro t will grow at 28% on a compounded basis over FY20-FY22, driven by robust volumes, operating cost reduction and lower interest costs. Its planned capacity expansion of 19.5 million tonnes per annum by FY23 provides strong volume growth visibility for FY23, said Motilal Oswal.
AU SMALL FINANCE BANK | Target Price: Rs 1,100
The bank has shown strong progress in building a granular liability franchise resulting in a decline in its cost of funds, thereby aiding margins, said Motilal Oswal. Asset quality concerns are easing with a near-normal collection efficiency of 96% in September 2020, said Motilal Oswal. The bank carries high provisioning buffer and healthy PCR of 71%, which should keep the credit cost under control, it said.
HCL TECHNOLOGIES | Target Price: Rs 1,105
Growing opportunities in cloud, automation and cyber security put HCL Tech in a sweet spot, said ICICIdirect. Its expertise in IMS and app modernisation can witness phenomenal growth led by integrated deals in cloud, said ICICIdirect.
PNC INFRATECH | Target Price: Rs 220
ICICIdirect remains constructive on PNC given its robust order book, healthy return ratios and lean balance sheet. Sufficient internal accruals from the current order book is enough for equity infusion for its HAM projects portfolio, said ICICIdirect