4 Stocks To Buy Today After The Sensex Crash Of 1500 Points

The Sensex dived in trade on fears that the US Federal Reserve would hike interest rates aggressively. Here are a list of 4 stocks to buy following today's stock market crash.

HDFC Bank

The stock is now available at a price to earnings ratio of 18 times 1-year forward earnings. That is not expensive for a bank that has its NPAs under control. Apart from this, it is also cheap for a bank that is likely to grow profits by 15 to 20 per cent every year. ICICI securities recently had a buy call on the stock for a price target of Rs 1955. That is whopping gains from the current market price of Rs 1316. Apart from this, Emkay Global has a buy target on HDFC Bank for a price of Rs 1800. The stock deserves a serious look after the collapse in the share price. Investors who want to hold for 1-2 years, can most certainly buy the stock.

Oracle Financial Services

Unlike the pure tech players like Infosys, TCS and HCL Tech, we do not think the company would be impacted by economic slowdown in the US as its business model is different. The company is a subsidiary of the US based Oracle Corporation and derives its business from banking and insurance software. What is most interesting about the stock is that the dividend yield on the stock is nearly 6%. The dividend track record of the firm is good and hence consistency is likely. The shares are also trading at a p/e of 16 times, which is not expensive at all.

TV Today

This company runs news channels like Aaj Tak and Headlines Today. We need not mention the leadership position of Aaj Tak in the Hindi News space. The stock has fallen sharply from 52-week highs of Rs 460 to the current price of Rs 270. At the current levels, we do not see a major downside risk. The price to earnings multiples around 8.62 times, makes this stock extremely attractive. Apart from this, the stock is debt free and offers good yearly dividends as well. Buy the stock, if you are a long-term investor. The one thing to mention is that if market sentiments turn adverse, even this stock could fall.

REC

If you are looking at steady dividends year after year, the stock of REC is one that you should buy. The company offers a dividend yield of near 10 to 12%. We do not see dividends being reduced and it tends to declare dividends 3-4 times a year. The stock has a price to earnings multiple of 3 times, which is ridiculously low. We believe even if there is a downside to the markets, the same would be protected by the strong dividend yields. Typically, this stock can be bought and held for long-term given that it gives regular dividends. An ideal be for retired individuals.

Disclaimer

Investors are advised caution as the markets have become exceedingly volatile. Neither Greynium Information Technologies, nor the author, would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.