Patakha stock picks! ICICI Bank, BEL, 6 other stocks with 62% to buy this Samvat 2023. See full list
As investors enter Samvat 2083, the landscape calls for selectivity rather than indiscriminate optimism. Global uncertainties, fluctuating capital flows and evolving market expectations continue to influence equity performance. In this environment, sustainable wealth creation is likely to depend less on broad-based market movements and more on identifying businesses capable of delivering…
PL Capital has identified eight stocks it believes are worth purchasing in the current market environment. Bharat Electronics (BEL) is highlighted with a target price of Rs 490, suggesting a 24% upside from current levels. BEL's strong order book and upcoming contracts are seen as key drivers of this potential growth. Britannia Industries is another stock on the list, with a target price of Rs 6,579, indicating a 37.5% upside.
The brokerage is confident in Britannia's leadership in the biscuits and bakery segments, as well as its innovative product offerings. ICICI Bank is also recommended, with a target price of Rs 1,900, representing a 21% increase. The brokerage highlights ICICI Bank's strong earnings quality, solid financials, and potential for sustained earnings growth.
Shriram Finance is another stock receiving attention, with a target price of Rs 1,200, implying a 25% upside. The brokerage sees Shriram Finance as a long-term investment opportunity, citing its capital infusion, strong balance sheet, and diversification across vehicle finance, MSME, and gold loans. Blue Star is set to see a 13.2% upside, with a target price of Rs 1,783.
The company's focus on India's growing cooling demand and its ability to capture market share in air conditioning is seen as a key factor in its potential growth. CESC, a company with a 62% upside potential, is also on the list. Its expanding renewable energy portfolio and stable cash flows from distribution and generation businesses are seen as critical to its future success.
Delhivery is another stock receiving attention, with a 26% upside target price of Rs 541. The brokerage expects Delhivery to benefit from seasonality and inflationary pressures, with healthy volume growth expected to drive an 18% sales CAGR over the next few years. Lastly, Ingersoll-Rand India is recommended with a 28% upside target price of Rs 5,029.
The company is positioned to capitalize on strong domestic demand for compressors, with its new manufacturing facility expected to boost capacity and operating leverage.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Samvat 2083: Kotak Mutual Fund expects moderate equity returns, favours quality stocks thehindubusinessline.com
