Stock markets around the world are not having a good time right now. However, some stocks are giving positive indications. That is what the brokerage firms are saying.
Take a look at the movements of some stocks this week, you should keep an eye on.
Ajanta Pharma
Ajanta Pharma may grow at a great rate in the future. The main reason is that the company is bringing new products to the markets of India, Asia and Africa. It is believed that the company will only benefit from this, but not so much. Rather, it will also help Ajanta Pharma to gain a permanent foothold in the market in the future.
Shares of Ajanta Pharma are expected to rise to Rs 2,193. In that case, the experts think that the return can match up to 22%.
Marico
Experts are also optimistic about the growth of this stock. The company’s profit margins have been quite good in the last few quarters. Which is commendable despite the tough market for edible oils.
In the last 2-3 years, Mariko’s business has grown very fast. In a very short span of time, the stock has crossed the target of Rs 500 crore. Experts say the company’s business could double if it continues to grow at this rate. According to experts, the share price could rise to Rs 592.
Pidilite
It is the manufacturer of the popular glue Fabicol.
The company has a market share of more than 70% in the market. In addition, the waterproofing business is growing at a regular rate of 20%. For this reason, the stock of this company may reach a good price in the future. According to experts, the share price could rise up to 12%.