Experts recommend buying these stocks in the Indian market today
As the Indian stock market continues to remain volatile, experts have recommended certain stocks that they believe are good buys at the moment. Here are some of the recommended stocks:
Cipla
Cipla, the leading pharmaceutical company, is one of the recommended stocks by experts. The company has a strong presence in the Indian market and is also expanding its business globally. Cipla's revenue grew by 10.9% in Q3 FY22, and its net profit grew by 39.5% YoY. Experts believe that the company's strong financials make it a good long-term investment.
Bajaj Finance
Bajaj Finance is a leading NBFC in India and has shown consistent growth over the years. The company has a diversified portfolio, which includes consumer finance, SME finance, and commercial lending. Bajaj Finance's Q3 FY22 net profit grew by 14% YoY, and its assets under management (AUM) grew by 16% YoY. Experts believe that the company's strong fundamentals make it a good investment option.
Tata Consumer Products
Tata Consumer Products is a leading FMCG company in India and has a strong presence in the tea and coffee segment. The company has been consistently expanding its product portfolio and has also ventured into the food and beverage segment. Tata Consumer Products' revenue grew by 16.5% YoY in Q3 FY22, and its net profit grew by 42.8% YoY. Experts believe that the company's growth prospects make it a good investment option.
SBI Cards and Payment Services
SBI Cards and Payment Services is a leading credit card company in India and has shown consistent growth over the years. The company has a strong market share and is also expanding its business in the digital payments segment. SBI Cards' revenue grew by 37.3% YoY in Q3 FY22, and its net profit grew by 56.2% YoY. Experts believe that the company's strong financials make it a good investment option.
Infosys
Infosys is a leading IT services company in India and has a strong global presence. The company has been consistently expanding its business and has also ventured into the digital and cloud services segment. Infosys' revenue grew by 23.7% YoY in Q3 FY22, and its net profit grew by 21.3% YoY. Experts believe that the company's strong fundamentals make it a good investment option.
In conclusion, experts have recommended these stocks as good investment options for the Indian market. However, it is important to note that the stock market is volatile and investors should do their own research before making any investment decisions.