These shares of oil, hotel and auto sector can make rich, put an eye on the hot pics of Jefferies

New Delhi. In the ongoing instability in the Indian stock market, every investor is looking for shares whose fundamental is strong and expected to earn beyond them. From the opinion of the market analyst to the research report of brokerage firms, he is eyeing. If you are also looking for profits shares, then the new report of brokerage firm Jefferies can help you in this work. Brokerage has expressed confidence to four companies of oil-gas, hospitality and auto components sector. Based on a strong basic status and clear development signals, Jeffers has rated the shares of these companies ‘Buy’. Brokerage estimates that these shares can see an increase of 19% to 54%.

Oil and Natural Gas Corporation (ONGC) is the top picks of Jefferies. Brokerage says that in Q1, ONGC’s standalone Ebitda was ₹ 187 billion which was in line with estimates. The increase in production coming from KG Basin and Mumbai High Project will prove to be a big trigger for the company. The company’s earnings can improve due to stability in oil prices. Jeffers has fixed the target price of ONGC share ₹ 233.60.

Jeffers has also advised to buy auto components manufacturer Bellariz Industries. Jefferies has fixed the target price of this stock ₹ 160. Brokerage says that the company’s four-wheeler and export will speed up growth with an increase in two-wheeler demand, industry premiumization and increase in vehicle content.

Brokerage bullish on housing financers also

Housing Finance Company Housing Financers’ shares have been given ‘bye’ rating by Jeffers. Brokerage has fixed the target price of this stock ₹ 2,175, which is 27% more than the current price. Brokerage hopes that the disbursment will become normal from the second quarter and there will be further improvement in the spreads. During the FY25-28, there is a possibility of improvement in EPS from 18% CAGR and Roe to 15% to 15%.