Weakened rupee (INR), mixed global cues, slipping one place lower from World Economic Forum competitive index, Sensex trading flat, Nifty showing red signals, all are acting as a damp squib for the market sentiments. Despite, markets being choppy, here are a few stocks that are expected to give good returns for the next week.
Power Grid Corporation of India
Once called as “suit boot ki sarkar” by its contemporaries has changed its perception by launching Saubhagya Yojana in which the government aims to provide electricity to the poor households by the year 2018. This scheme has bolstered up the shares of power stocks including Power Grid Corporation of India (BSE 0.89%). Notably, this has given these stocks a reason to cheer in a depressed market.
The speculations are rife especially after the payment of dividends that Gillette India will soon merge with Proctor and Gamble and this has given rise to a positive sentiment in the share market.
Recently, Dabur has tied up with Amazon India to sell its products directly to the clients of US, Canada and Mexico. This has strengthened the roots of the company and people are staking high on the shares. After demonetization and implementation of GST, the demand had decimated but now Sunil Duggal, the CEO of Dabur India confirms that their products are selling like hot cakes. Their strategies seem to have derailed the lost consumer market sentiments. Right now, Dabur India is trading at 311.25 on BSE and market experts recommend buying Dabur India.
Despite government raising the price of FMCG goods after the implementation of GST, Britannia has steered clear its way by devising different strategies to lure the customers. Right now, it has devised a film to bring the importance of a smile in our everyday life. This short film will definitely touch the heart of the people. Coming to the stocks, the shares of Britannia are hitting the record high. While it has touched a new high of 4,380 on BSE, the intra day trade has also gained.
Hindustan Sanitary Ware plans to double up its consumer business in the current financial year. Though its expansion plans are acting as a drag on profits but it is believed that the share will surge.
Note: Investments are subject to market risks. These are author’s personal views and you are advised to do your research before investing.