There is a heavy decline in the Indian stock market these days. Meanwhile, domestic brokerage firm SMIFS has released a list of 8 shares including Life Insurance Corporation of India Limited, Tata Motors, Asian Paints Limited, which is likely to rise by 172 per cent. This target has come at a time when the possibility of global trade war, FII selling, currency is declining.
SMIFS believes that the Indian economy remains flaxable. According to the brokerage firm, there is a strong improvement in the second half of FY 2025 in private capital experiences. Also, policy measures are being taken to support the economy. Sensex has fallen more than 15.5 per cent from its 52-week high, while the Nifty 50 index has fallen 16.4 per cent from its record high level in September 2024. The BSE Smallcap index is 27 per cent below its record high level, while the BSE MIDCAP index has fallen 23.5 per cent from its high, causing both index to recession.
The record of 30 years is broken
The recent havoc in the market in the last five months shows the longest continuing decline in the Indian markets since 1996. In 1996, the market fell continuously for 5 months. The stock market has declined during 5 months since last year. This decline has influenced the feelings on the Dalal Street, the high valuation, the possibility of economic recession, the dull corporate income and the frequent FII withdrawal.
Brokerage said that in the fourth quarter of FY 2025, there is an estimated growth of 21 percent in capital expenditure, which will reach Rs 3.3 lakh crore. Whereas the Union Budget of FY 2026 is estimated to be Rs 15.5 lakh crore with a growth of 11 percent. Brokerage said that growth in Capital Expendcher will promote economic expansion.
These sector shares may rise
Brokerage said that an increase in capital expenditure will boost economic expansion, strengthen Indian rupee, improve corporate income and remain the second half of FY25 in Indian equity, especially technologies, manufacturing and financial sector in financial sector and positive situations thereafter. Brokerage said that we have identified some strong shares, which are falling, but now good growth is visible.
These 8 shares may rise by 172 percent
SMIFS has given a target of Rs 1,984 on LIC shares, indicating a gain of 172 percent from its previous closed of Rs 729. Mother’s International Limited (SAMIL) and Tata Motors have also given a target of Rs 210 and Rs 1,031, which is 77 per cent and 66 per cent.
Target Rs 540 on Coal India Limited shares, Target Rs 3,000 on Asian Paints Limited, PI Industries Limited Target Price Rs 3,750, Indian Oil Corporation Limited share target price Rs 170 and Tube Investments of India Limited has also chosen Rs 3,700 per cent of the target of Rs 3,700 per cent, of which 25-00 percent of the last closing price of Rs 3,700 There is a possibility of speed.
(Note- Take the help of financial advisor before investing in any share.)