Valentine's Day has come and people are bragging about gifts. When choosing gifts for your loved one, in addition to giving roses and chocolates, you can think of something that will be valuable in the long run. One of these options might be financial gifts in the form of shares.
Here are 5 shares suggested by Ravi Singh, VP and Head of Research at Share India, that you can give to your partner:
1) ONGC: The 62 percent rise in natural gas prices by the Indian government will boost corporate profitability.
Higher crude oil prices, along with a modest 5% to 7% growth in the company's production volume, could boost EBITDA next year. We estimate that the company's debt-to-EBITDA, depreciation and amortization ratio will increase to about 1.6 times to 1.9 times over this period. Also from a technical point of view, most indicators like MAs, RSI, MACD, and Stochastic are showing an upward trend on the daily chart. We expect oil and natural gas prices to rise by 20% until next Valentine's Day.
2) Gail: Improved earnings backed by higher volumes across all segments backed by marketing gains driven by higher gas prices may boost next year's generation. The increase in gas consumption has supported flow volumes, which will further boost profits. On the daily chart, the 200-day moving average of Gail's shares is supporting the buying trend. Also, the RSI is in its lower zone, so we expect Gail to rise around 10%-15% in the short term.
3) HDFC Bank - Strong capital, improved liquidity, lower NPAs and solid earnings make HDFC Bank a good investment choice for your loved ones this Valentine's Day.
4) TCS - The technology sector in general is in good hands due to the strong dollar, digitization and better business growth which is expected to continue in the next year as well. TCS stock price is trading above average with the upper band heading north, which indicates that the price will move higher. Looking at the recent volume price action, volume has been fueling the recent bullish move, indicating that strong hands are starting to build up at current levels.
5) SBI - At the moment, all forward moving averages such as 25 DMA, 50 DMA, 100 DMA, and 200 DMA are confirming the possible positive momentum very soon. Also, the RSI, MACD and ADX are trading in a comfortable zone indicating optimism in the stock. We can also expect to outperform the counter-performance in the coming months and move towards 650 levels over the longer term.
Also Read: Neelachal Ispat Nigam acquisition: Tata Steel Long Products to raise â‚¹13,000cr