After the sharp decline in the Asian as well as Global Stock markets in late March, thanks to a sharp rally in March as the S&P BSE Sensex rallied 17 percent in later March and early April, while the broader Nifty50 index of the NSE gained 15 percent. In the new Financial Year, equities and stocks are expected to maintain growth and stable the stock market. However, there can be huge volatility because of the upcoming events such as general elections, global change going to take place such as Brexit, and new decisions pertaining to the economy with the elected government can affect the market. Here is FinanceShed, analyzing the overall Market Outlook for early fiscal year and stocks which are going to be huge irrespective of the changes.
Asian Paints continued to have its dominance in the decorative segment. Also, the ongoing expansion is going to double the capacity in a phased manner and traction in industrial and automotive coatings segments through joint ventures will make the company a blue-chip company everyone needs to invest in. A higher CAGR is expected out of the company in forthcoming years and a huge jump is expected in the stock value of the company. Asian Paints stock is trending higher for the last two years and is expected to have the same results for the coming year. You can buy the stock at the current level and expect a target of Rs. 1650.
On March 26, the price has gained momentum after the sharp downfall experienced in earlier times. The price breakout indicated with a long body candle and high volume that indicates buying participation the stock. Also, with a new beginning, the stock is now traded at its all-time highs and is expected to grow at the same pace in the new Financial Year with a constant rise in stock prices. Also, the stock has moved above the equilibrium level of 20 on the daily chart. You can plan to buy the stock at the current level and expect the target of Rs. 1400.
Ashok Leyland is expected to benefit the investors as the Indian MHCV industry is expected to report 10-12 percent growth in volumes this year. This growth is due to a pick-up in construction and infra-spending in the Country. There are various new products to be launched in this line-up and expansion is announced by the company over the next three years. Ashok Leyland has improved its market share from 33.5 percent to 35 percent in the domestic MHCV industry.
L&T Finance Holdings
L&T Finance Holdings stock witnessed from its all-time high to low of Rs. 110 in last November. The stock has rallied back to a favorable condition indicating buying coming at higher levels. It has a flag pattern in the daily chart which is one of the considerable patterns for investing. L&T Finance Holdings stocks can be bought at the current position and are hold for the target of Rs. 170.