Top 5 Stocks That Will Give 20%-50% Returns In The Agri Sector

By Author: Stock Investor
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Top 5 stocks that will: The COVID-19 pandemic hits all sectors to an unexpected level. However, it will take time to recover as much time we expect. But in these challenging situations the Indian Agriculture sector doing well and now it is a point of hope to boost the economy further. Besides, the Indian Meteorological Department (IMD) reported its forecast for this monsoon is normal at 102% of the long-period average (LPA).

“This monsoon will be very important not only for the agriculture sector but also it will provide employment, an increase in auto sales, and also increased demand for Cement to Steel. Besides, good monsoon will benefit, sales of tractors, two-wheelers, auto financing, agrochemical, and some FMCG companies, said Hemang Jani, Head Equity Strategist at Motilal Oswal Financial Services.

Besides, Monsoon will be a key aspect of the Indian companies this year. In my opinion, a good monsoon will bring good tidings to some companies. On the other side, the Indian GDP growth reports one of the worst ever due to COVID-19 pandemic, said Siddharth Sedani, Vice-President, Shares and Stock Brokers.

Whereas, ...
... rural India contributes almost 53% to India’s GDP growth. The COVID-19 affects more in the Urban areas rather than in rural areas. The experts suggest Top 5 stocks that will buy in Agro Sector that will give you 20%-50% returns.

NCC: Buy | Target: Rs 57

The company performed really well in these conditions, it reported almost 48% growth in the fiscal year 2020. While EBITDA growth of the company reported at 2.6 times as against 4 times in FY22.

Besides, the company formed a “Triangle Symmetric Candlestick pattern” in the daily chart. While the company formed a Bearish harami pattern in the Monthly chart. The experts suggest buying the stock within the range of Rs 29 and targets for Rs 57 with an upside at 110%.

However, NCC Limited on Friday reported a bullish trend in the stock market. The company gained 2.55 points with a 9.44% increase and reached 29.55 INR. While in BSE, the company gained 2.55 points with a 9.44% increase and reached 29.55 INR.

Hindustan Unilever: Buy | Target Rs 2,452

It is one largest FMCG companies in terms of products and distribution of networks. The company formed a “Three inside up Candlestick pattern“ in the daily chart. While the company formed a Bullish gap up Candlestick pattern in the Weekly chart. The experts suggest buying the stock within the range of Rs 2,118 and targets for Rs 2,452 with an upside of 16%.
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