Here are nine stocks where analysts initiated a buy

cheap canada goose https://www.cscanadagooseoutlet.ca Concerns over global growth dampened sentiment as death toll due to virus jumped to over 3,600 with more than1.07 lakh infected cases worldwide, though several central banks including Federal Reserve, Bank of Canada etc chipped in to support the economy by announcing 50bps interest rate cut with $50 billion infusion by International Monetary Fund.Hence, despite the consistent coordinated approach by central banks, the recession fears loom large on the world given the crash in oil prices and rising virus cases, experts feel.“Risk of recession increased fuelled by crash in crude oil prices and increasing virus cases outside China. Even though fall in crude oil prices is positive for India in the long term, short term concerns weighed with FII outflow in emerging markets,“Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol.Coronavirus fear is intensifying and fresh travel bans seems to hurt the global economic sentiments more than feared, he said.Correction is expected to continue, but this is the right time to accumulate quality stocks, most of experts feel.“I believe this is a good time to buy quality stocks for long term, though it is difficult to ascertain that this is the bottom of the market,“ said Market VeteranMadhu Kela who feels this is not like the 2008 crisis.As lot of quality stocks available at attractive valuations due to recent sharp correction and considering there are lot of opportunities due to temporary supply chain disruption in the world, the brokerage houses in March picked 9 stocks where they also initiated coverage with buy call.Here are nine stocks where analysts initiated a buy call in March, which could return24 56 percent in next one year:Bandhan Bank: Buy Target: Rs 500 Return:34 percent“Bandhan bank has demonstrated a strong track record in growing its balance sheet/earnings and maintained a robust market share/cost leadership with its low cost DSC network. It has also deftly handled external events like demonetization/GST, wherein it restored the normal delinquency rate within three months,“ Motilal Oswal said.The brokerage estimated loan book/earnings CAGR of 26/24 percent over FY20 22, driving industry leading return on assets (RoA) / return on equity (RoE) of 3.7/23.4 percent for FY22.“With its share of volatility, Bandhan Bank offers a great long term investment opportunity as the stock has corrected significantly,“ said the brokerage while initiating coverage with a buy rating and target price of Rs 500..

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