That Indian Stock market has corrected almost 10 per cent from its record high in the last two months and ended on a positive note on the last trading day of December2021.
Most of the expert in the stock market is bullish on the nifty in 2022 and expect that the rally will continue.
The stock-specific approach will help the investor to lay safe in the stock market for 2022.
We have handpicked the 5 stocks which will outperform in 2022 in the Indian stock market. These stocks are not only by wealth creators for the long term for the investor but are also likely to outperform their benchmark in 2022.
1 Indian Energy Exchange.
Indian Energy Exchange. is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity.
The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.
The IEX has been delivered a multibagger return in 2021 and we expect the stock to continue to do well in the stock market in 2022, The total volume of electricity traded in the exchanges increased quarter to quarter that will help the company to increase profitability.
The stock is expected to deliver good returns on the back of strong fundamentals and handsome margins.
We have a buy recommendation on the stock with a Target Price of Rs 350. The current market price of the stock is Rs 248.
2 Vardhaman Special Steel
Vardhman Special Steels is engaged in the manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels.
The company's collaboration with Aichi steel will open significant export opportunities for the company.
The enhanced operating cash flow will be utilized to repay the debt and make the company debt-free by FY25
We have to buy recommendations on the Vardhman Special Steels stock with a Target Price of Rs 550.
3 Birlasoft Ltd.
Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing.
The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals.
The attractive valuation as compared to peers provides higher upside potential for Birlasoft. Best midcap IT stocks to buy in the Indian stock market.
We have a buy recommendation on the Birlasoft stock with a target price of Rs 650.
4 Praj Industries Ltd.
Praj Industries Ltd, incorporated in 1985 and headquartered in Pune has a presence across the globe with more than 750 references in more than 75 countries. It began as a supplier of an ethanol plant, today it is a global company providing various solutions with a focus on the environment, energy, and agri-process industry.
Praj is also gaining traction due to increased demand for ethanol, the rise in grain-based distilleries and the ongoing bio-economic revolution.
We have to buy recommendation on the stock Praj Industries Ltd with a Target Price of Rs 600. The current market price of the stock is Rs 335.
5, Stove craft Ltd.
Lovecraft Ltd manufactures a wide range of kitchen solutions under Pigeon (value), Gilma (semi-premium) brands and acts as an exclusive partner for kitchen appliances of the Black DECKER (premium) brand.
The products comprise cookware and cooking appliances, while the home solutions consist of various household utilities, including the recently introduced LED bulbs, oxymeters, etc.
We expect the company to report healthy top-line and bottom-line growth on the back of new product launches, strong brand name and wide distribution network.
Organized players are gaining market share from unorganized players which would benefit a company like Stove Kraft. Going ahead, and increasing its profitability.
Best Midcap IT Stocks to buy in the Indian stock market to double your wealth
- Best multibagger stocks to buy in 2022.
- Expert recommended stocks for the year 2022 Indian stock market for the long term.
- Brokerage recommended stock for the short term.
- Best swing trading stocks for January 2022.
- Stocks Recommendation for 2022.
Tags, #Stocks for 2022,#Beststockstobuy2022, Stocks for 2022, Marketpost Blog
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