Finance News : 2 steel and auto stock to buy for long term solid return

Buy India Forge for 25% return, says MK Global

MK Global India has seen the opportunity for a rally in Forge’s inventory which has ranged from Rs 741 to Rs 920 in the current 121 months. This refers to a return of about 25% to the list from the current range.

The company is the world’s leading forging manufacturer. “Forge’s revenue in India is expected to grow by 51% on FY22E, led by strong performance in the automotive and industrial sectors. Moreover, customer engagement, higher content and portfolio expansion need to increase. It is expected to be available, “MK Global reported.

Although the outlook for the global passenger automobile section has been reduced, the segment is expected to double due to e-books, high macros and low channel stock. The approach has been improved for commercial parts, the equivalent of making gears and tractors. The international oil and gas sector is expected to witness multi-year cyclical growth.

“Our positive outlook on India Forge depends on the leadership position in autonomous forging, the focus on diversification and the expected recovery in the core segment. We

The stock has a rating rating with a target price of Rs 920 based on 27 times P / E of individual trading at 230 EPS per second, ”the brokerage said.

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Tata Steel

Geojit has a purchase name in Tata Steel’s inventory. Tata Steel is a pacemaker in the international metals business, covering 2 nations, with core operations in India, the Netherlands and the United Kingdom. Tata Metal primarily caters to clients in the automotive, building, engineering, power and energy sectors.

The company has expedited the allocation of capital expenditure for the growth of Kalinganagar – already spent. Crores of rupees. 2,000 crore; The expected capex for FY22 is Rs. The 10-12kcrores and 6 MTPA plate plant and 2 million CRM are expected to be commissioned by an advanced H1FY22.

“We expect efficient capital allocation to ensure further removal efforts and liquidity with strong domestic demand recovery after the epidemic,” Dalali said.

Disclaimer

Investing in equities threatens economic losses. Investors should be subsequently given appropriate precautionary training. Greenium Information Technologies, creators and brokerage homes should not be liable for any loss due to selection based on most articles. The above article is for informational purposes only and is taken from the brokerage story of MK Global and Geojit Securities. Be careful when investing as the Sensex has now reached the 56,000 factor mark. Investors can invest small amounts and avoid stubbornness.

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