Top 4 Stocks To Watch Out For The Next 3 months

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1. ABB INDIA

ABB is a leading global technology company that energises the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation, and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels.

• ABB has given 53% returns in the last 1 year and is still trading at a PE of 72 which is in line with the sector PE.
• Return on Equity is 14%.
• This company has shown consistent growth in sales over the past 4 quarters.
• EPS growth is consistently increasing in the last 4 quarters.
• FIIs have recently increased their holding in this stock.
• The stock is trading near its saucer with handle pattern breakout which is at ₹3434.

 

2. FEDERAL BANK

• Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi, Kerala. The bank has 1,336 branches spread across different states in India. It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai.
• Federal Bank India has given 36% returns in the last 1 month.
• Return on Equity is 11%.
• EPS of this company in the past 5 quarters is consistently increasing.
• Net profit and sales are consistently increasing from the last 5 quarters.
• The stock is trading near the trendline breakout of ₹136.55.

3.  Larsen and Toubro

• Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among the world’s top five construction companies.
• Larsen and Toubro has given 19% returns in the last 6 months and is trading at a PE of 30.
• Return on Equity is 14%.
• Net profit is consistently increasing from the last 5 quarters.
• Sales in the last 6 quarters has shown consistent growth (QoQ)
• Recently FIIs have increased their holding in this stock.
• Currently stock is trading near its trendline breakout which is at the level of ₹2212.

4. Apollo Tyres

• Apollo Tyres Limited is an Indian multinational tyre manufacturing company. The company now has five manufacturing units in India, one in the Netherlands and one in Hungary. It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.
• It has given 62% returns in the last 1 year and is trading at a PE of 26.8.
• Return on Equity is 6%
• Net profits are consistently increasing from the last 4 quarters.
• Sales in the last 6 quarters has shown consistent growth (QoQ)
• FIIs have increased their holding in this stock.
• Apollo tyres took support from its previous resistance line of ₹304 and broke the downsloping trendline.

 

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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