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If you invest money in these two stocks, then there can be profit, brokerage advised to buy

Multibagger Stock: Choosing a profitable stock in the stock market is a difficult task for anyone. Today we are going to tell you which shares have been recommended by two broking firms, Sharekhan and Emkay Global. Where Sharekhan has recommended to buy Titan shares. At the same time, Emkay Global is advising to buy the shares of Oil India.

What did Sharekhan say about Titan?
According to Sharekhan, correction in gold prices, upcoming festive/wedding season and shift in trusted brands will boost Titan’s jewelery sales in Q2 of FY22, thereby increasing margins sequentially.

The brokerage said, “Titan will be one of the major beneficiaries of the structural shift by consumers towards Trusted Brands. The government’s announcement for mandatory hallmarking will reduce the pricing premium among regional/small players versus large players like Titan, which is good. The festive season has begun. South India witnessed good sales of jewelery along with Onam, supported by the recent fall in gold prices. Jewelers believe that the ongoing festive season and the upcoming The wedding season will boost sales in the coming quarters and drive profitability and cash flow in the medium term.”

A price target of Rs 2,305 on the stock Sharekhan continues to buy the stock with a revised price target of Rs. Shares of Titan Company were last trading at Rs 2,107.00 on NSE.

Emkay Global has set this target price for Oil India
Recommended buy on Emkay Global Oil India share with a target price of Rs 255 as against current market price of Rs 210.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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