Investing may sound easy. Earn& invest. But with so many publicly traded companies to invest in and options like Exchange-Traded Funds and Mutual Funds available, it gets tricky for investors to understand where to begin. So, here are stocks like Apollo, ITC, and SBI Bank share price that are excellent to buy in 2022:
- Apollo Tyres
They are a renowned tyre manufacturer with operations in India and Europe. It is the leading manufacturer in its industry with an installed capacity of Rs. 7.9 lakh MT p.a. It has a substantial presence in TBR with 31% market share and PCR space with 21% market share in India. ATL derives 67% of revenue from APMEA, which is predominantly India and 32% from Europe.
North American and Middle East Markets primarily lead exports, and ATL expects healthy growth in their export markets. The company focuses on developing special tyres for the Electronic Vehicle space and is working extensively in the Research and Development stage.
It is also important to note that Apollo Tyre’s stock price has de-grown at a 3% CAGR from Rs. 227 levels in May 2017, which underperformed the Nifty Auto Index. We now value Apollo Tyres at a target price of Rs. 250, while their previous target price was Rs. 270.
- ITC Limited
It is the biggest cigarette and the second-largest FMCG company in the country. It has a 78% market share in cigarettes and a renowned presence in staples, noodles, biscuits, chocolates, snacks, dairy products, personal care products, etc.
The company also have their presence in paperboard, printing, and packaging businesses with revenues of Rs. 4549 crores and agribusiness with an income ofRs.8001 crores. It has over 200 manufacturing facilities in the country and a distribution reach of over 6.6 million retail outlets across multiple trade channels and over 25 brands across many categories.
- State Bank of India
Commonly referred to as SBI,it is a public sector bank and is the largest bank in the country, with a balance sheet size crossing Rs. 54 lakh crores. It has its strength in retail portfolios and has the best-operating metrics in the PSU banking space.
It has significant subsidiaries and a strong outlook that adds value to banks.SBI share price has surged more than 2.2 times in the past five years and has a strong performance on asset quality, which is a positive point for the SBI share. So, if youwant to invest in them, they are agood buy.
Now that we have shared some of the best buys for 2022 invest now!
For a disclaimer and detailed report, click here:
https://www.icicidirect.com/research/equity/apollo-tyres-ltd/5742
https://www.icicidirect.com/mailimages/IDirect_ITC_CoUpdate_Dec21.pdf
https://www.icicidirect.com/research/equity/state-bank-of-india/5821.
