Take note of these five stocks, and you’ll make a lot of money, the big brokerage firm told Target.
New Delhi. This golden age of capital market has started in India. This is a time of new investment and growth for asset management companies (AMCs), brokers, wealth managers, and other financial institutions. This is what a major Indian brokerage firm says. Its reports also state that digital technologies such as e-KYC, UPI, and account aggregation have made the process transparent and secure for investors. AMCs, brokers and wealth management companies will earn good profits in the coming years.
A report by Motilal Oswal Financial Services suggests that India’s demographic dividend will accelerate over the next decade. About 10 crore people will join the workforce and 10 crore families will enter the middle income class. The number of high net worth individuals (HNIs) and ultra high net worth individuals (UHNIs) is expected to grow at an annual rate of 12%. The entire ecosystem of capital markets like AMCs, brokers, exchanges, and wealth managers will witness an annual growth rate of 17-45% over 3 years (FY24 to 27). Also, due to their fixed cost nature, there will be significant improvement in profitability growth (12-75 percent CAGR).
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Although the Indian capital market is growing rapidly, it still lags behind the global average in many respects. Demat accounts account for only 12 percent as against 62 percent in the US. The AUM to GDP ratio of mutual funds in India is 17%, which is much lower than the global average of 65%. Still, companies involved in this work can make good profits. Motilal Oswal has released the stocks of some companies and their target prices.
(Disclaimer: The stocks listed below are based on the advice of brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of your profit or loss. shall not be liable.)
Stocks and their targets
HDFC AMC: Its shares are at the level of ₹4,365 and are likely to go up to ₹5,200 (+19%).
Aditya Birla Sun Life AMC: Its shares are at ₹848 and could go as high as ₹1,100 (+30%).
Angel One: Currently trading at ₹3,292, and expected to rise to ₹4,200 (+28%).
BSE: At ₹5,396, the stock could go up to ₹6,500 (+20%).
Tags: Investments and Returns, Investment Tips, Stock market, Stock market, Stock tips
First Publication: December 10, 2024, 13:28 IST
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