August 2022 stocks: 5 short-term and 5 long-term stocks you can invest in
If you are planning on investing money in the stock market in August 2022, for both short and long term, here are some stocks that experts recommend.
As per an ICICI Stock recommendation report dated July 27, 2022, here are some stocks that are good for short-term & long-term investments:
Short-term investment (ie 14 days to 3 months)
1. Taj GVK Hotels and Resorts (Duration: 14 days from July 27, 2022)
Hotel stocks are high in demand since the last month and many experts are recommending this stock as share prices are expected to rise to give short-term gains.
- You could buy when the price is between Rs 150 to Rs 154.
- The expected target price is Rs 166.
- The recommended stop loss is Rs 141.
2. CIPLA (Duration: 30 days from July 20, 2022)
Since CIPLA has been a resilient pharma stock that has consistently done well over several months, experts expect this stock to pick up in a short time.
- You could buy when the price is between Rs 965 to 981
- The expected target price is Rs 1050.
- The recommended stop loss is Rs 992.
3. TITAN (Duration: 3 months from July 18, 2022)
Titan has been doing well in intraday trading this week since it has good price fluctuations. Thus, it's expected to be a good short-term investment.
- You could buy when the price is between Rs 2,200 to Rs 2,250.
- The expected target price is Rs 2,480.
- The recommended stop loss is Rs 2,045
4. CANARA BANK (Duration: 3 months from July 21, 2022)
Canara Bank has been consistently growing for the last 8 quarters and its current share valuation at around Rs 222 is seen as ''cheap''. With a 3-month target of Rs 249 and a 1-year target price of Rs 265, experts are betting big on this one.
- You could buy when the price is between Rs 219 to Rs 225.
- The expected target price is Rs 249.
- The recommended stop loss is Rs 206.
5. ABBOTT INDIA (Duration: 3 months from July 21, 2022)
Abbott India is another resilient stock from the pharma sector and the stock has witnessed an increasing buyer demand, thus making it a short-term favorite.
- You could buy when the price is between Rs 19,200 to Rs 19,750
- The expected target price is Rs 21,900
- The recommended stop loss is Rs 17,630.
Long-term investment (ie 12 to 18 months)
1. CANARA BANK
As mentioned above, Canara Bank is doing well financially and experts believe that the target price is expected to reach Rs 265 in 12 months.
2. PHILLIPS CARBON BLACK LIMITED
The company is a leading manufacturer of carbon black, which is used in tires. Phillips Carbon has good growth prospects, a healthy balance sheet and a good return ratio. Though the current price is Rs 123 as of July 27, 2022, the target price is expected to be Rs 160 in 12 to 18 months.
3. INDUSIND BANK
IndusInd is India's 5th largest private bank and of all its loans, 26% are vehicle loans. On July 27, 2022, its market price is Rs 978 and in 12-18 months, the price is expected to rise to Rs 1,150.
4. MAHINDRA CIE LIMITED
Mahindra CIE makes castings, fasteners and forgings and trades at a price of Rs 259 as of July 27, 2022, and is expected to reach a price of Rs 325. Though the stock price has remained constant for a long time, Mahindra's sales are expected to grow since Mahindra's Indian and European operations are witnessing growth in sales. Also, their margins are increasing and they are focusing on the EV business, thus making it favorable in the long term.
5. DALMIA BHARAT SUGAR
Dalmia Bharat is one of the top picks in the sugar universe since it exports high-quality sugar, which is currently trading at a high price internationally. It also makes money from sugar processing and distillation. Being the only sugar company that exists both in Maharashtra and UP, their distillation capacity is expected to grow substantially this year, thus improving their profit margins and overall profitability. Though market price on July 27, 2022 is Rs 355, it is expected to grow to Rs 490.