Here are top stock picks to make your portfolio tick in the new year

As the stock market drifts underneath record levels, financial backers may should be picky with regards to their stock picks to keep portfolios ticking. Later the Nifty and Sensex rose more than 20% in 2021, market members said worries over warmed valuations, hawkish national banks and the Omicron variation of Covid-19 could cover potential gains. Be that as it may, there are a few stocks, which experts said, will stand apart regardless these dangers. ET investigates top stock picks for 2022. 

 

Indo Count Industries 

 CMP: Rs 248.35 

Target Price: Rs 425 

 It has a resource light plan of action and keeping in mind that the organization's fundamental market is the US, it is additionally starting to zero in on India, said Khattar. The organization has likewise extended its ability which is a positive element as long as possible, he said. 

 Home First Finance 

 CMP: Rs 776.85 

 Target Price: Rs 1,150 

 The organization is into the smallticket contract market, which is centered around more modest urban areas and towns. That market is developing at 25-30% consistently and Home First can convey great yields, net revenue edges and return on resources going on, he said. 

 

ICICI Bank 

CMP: Rs 735.65 

Target Price: Rs 900 

Under CEO Sandeep Bakhshi, the bank gives off an impression of being working out in a good way and its non-performing resources are on a descending direction. Its net interest edges have extended by 60 premise focuses in the last three to four years, RoA (return on assets) has bounced 75 premise focuses over the most recent three years and the ability pool is unrivaled. 

Sona BLW Precision Forgings 

CMP: Rs 709.8

Target Price: Rs 950 

The company has been growing at a 50% compounded annual growth rate and is likely to maintain the same going forward, said Prabhakar. “It is a stock worth holding for fi ve to ten years and did not correct in the recent correction due to its strong growth prospects.” 

 

SBI Life Insurance 

CMP: Rs 1,181.05 

Target Price: Rs 1,500 

Prabhakar said life insurers’ stocks did not do well because of the fi rst and second wave of Covid-19 but now they have increased premiums and have enough provisions for all Covidrelated claims. The number of insured people as a percentage of GDP has also increased sharply, which bodes well for the stock.