InvestorQ : Which are the top stock picks for April 2021?
ishika Banerjee made post

Which are the top stock picks for April 2021?

IIFL Expert answered.
9 months ago
Our top three picks that investors could trade, for the month of April, are:

Bharti Airtel Limited:
This is a diversified telecom service provider that offers fixed-line, wireless, DTH, and enterprise services. In Indian markets, this is the largest mobile operator with 26% subscriber market share and 31% revenue market share. The company owns about 53.51% share in the Bharti Infratel, which owns a 42% stake in Indus Towers, resulting in a three-way Joint Venture between Bharti, Idea, and Vodafone. The company also expanded its operations into Africa by acquiring Zain’s Africa operations for US$ 10.7 bn in 2014 and is now present in 14 African countries.
The Current Market Price (CMP) of the company’s share is currently at Rs 543-544 levels and we expect the price to reach above Rs 805-806 levels (Target Price).

The company was formed in 1981 by four engineers and now has above 242000 employees and revenues exceeding US$ 12.8 bn. The company generates about 84% of its revenue from the US and Europe markets. The company has a strong customer base and generates about 50% of the overall revenues from digitals. The company has huge growth potential and will be an excellent choice from a long-term investment perspective. The company’s share is currently trading at Rs 1440-1441 levels and the target price is Rs 1750.

SBI Life insurance:
This is a Joint Venture between the State Bank of India (SBI) and BNP Paribas Cardiff S.A. In Indian markets, SBI Life is the largest private life insurer on a retail APE basis. This company leverages strong agency. The CMP of its share is Rs 908.50 with a target price of Rs 1230, considering an upside of about 35.4%.