Top 4 Stocks to Watch for the Next 1-3 Months

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1. Bajaj Auto

• Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters, and autorickshaws. Bajaj Auto is the world’s third-largest manufacturer of motorcycles and the second-largest in India. It is the world’s largest three-wheeler manufacturer.
• Bajaj Auto has given 23% returns in the last year and is still trading at a PE of 20.68, and the sector PE is 31.59.
• The return on equity is 21.6%.
• EPS growth has been consistently increasing in the last four quarters.
• FIIs have recently increased their holdings in this stock from 10.49% to 12.35%.
• Bajaj Auto has surpassed its previous resistance level of 4361.4 with significant trading volume.

2. Tanla Platforms

• Tanla Platforms Limited, previously known as Tanla Solutions Ltd., is a cloud communications company. The company provides value-added services in the cloud communications space. The company is India’s largest communications platform as a service company.
• It is trading at a PE of 20.21, and the sector PE is 23.52.
• The return on equity is 48.23%.
• Net profit and sales have consistently increased over the last four quarters.
• The stock is trading near the trendline breakout of ₹706.45.

3. Poonawalla Fincorp

• Poonawalla Fincorp Limited, formerly known as Magma Fincorp Limited, is a Cyrus Poonawalla Group Non-Banking Finance Company (NBFC) that focuses on consumer and MSME financing. Poonawalla Fincorp offers a diversified product suite to address the growing financing needs of customers and enterprises.
• The return on equity is 9.1%.
• Net profit has been consistently increasing for the last four quarters.
• Sales in the last six quarters have shown consistent growth (QoQ).
• Recently, FIIs have increased their holdings in this stock from 6.58% to 7.13%.
• The stock has broken above its trendline on the weekly timeframe with volumes.

4. J & K Bank

• J&K Bank is a Scheduled Commercial Bank and one of the oldest private sector banks in India, incorporated in 1938. The bank functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh and is designated by the Reserve Bank of India as its exclusive agent for carrying out banking business for the Government of Jammu & Kashmir and Ladakh.
• It has given 90% returns in the last year and is trading at a PE of 7.26.
• The return on equity is 8%.
• Net profits have consistently increased over the last four quarters.
• Sales in the last six quarters have shown consistent growth (QoQ).
• FIIs and mutual funds have increased their holdings in this stock from 0.71% to 2.24% and 0.21% to 0.92%, respectively.
• On a weekly timeframe, J&K broke out at 46 Rs and has now retraced to the same level before starting to move upwards again.

About the Author

Sagar Wadhwa

Sagar Wadhwa is a Senior Equity Research Analyst who is a key member of the research team at Univest. He has extensive knowledge and expertise in the stock market, financial analysis, and investing and uses this expertise to provide valuable insights to the research team.

Note – This channel is for educational and training purposes only & any stock mentioned here should not be taken as a tip/recommendation/advice

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