Below are some stock ideas where you can take look for 2018. In next few months, there is possibility to see some good buying in these stocks.
In recent weeks, we have seen a good buying in most of the power stocks. Adani Power, JSW Energy, Tata Power etc all have rose almost 5-20 percent. But due to debt issues with Rcom, we had not seen any good buying in Reliance ADAG. However, announcements made on Tuesday have now given some boost to Rcom shares. And therefore, in recent days, we have seen some buying in other ADAG Stocks also. But I think comparitevely, Reliance Power has not performed as much good as was expected. Therefore, at present levels, it could be great choice to buy Rpower at present levels with a target of Rs 70 achievable in next few weeks.
Jindal Steel is one of the best stock from Metal space to hold for a period of about one year. At around Rs 150, I had strongly recommended to buy it for a target of Rs 200. And now when stock has reached this mark, i think we can see some more buying in stock. In last few weeks, there has been a buying in both Steel and Power sector. And I think this buying in next few weeks would propably lift JSPL stock to Rs 240.
From last many months, HDIL stock is consolidating within a small range. Even, buying in other real estate companies especially in DLF has not effected the share price of HDIL. As HDIL is quoting at somewhat attractive valuations for Long-Term investors, I think there is possibility to see some good buying in stock in next few months. Therefore, with a target of Rs 72, it could be a good option.
Punjlloyd is one of the low priced stocks where we have not seen any buying in last few years. From last many years, stock is consolidating within a small range. Even after having a healthy order book and good presence in its sector, stock is quoting at just Rs 24. Market now has reached that mark where big investors are trying to explore new small cap and midcap opportunities. Even loss making companies stocks are now rising with a good momentum. Therefore, I think buying Punjlloyd at current levels for a target of Rs 32 could be a good option.
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