Hemang Jani, Head of Equity Strategy – Brokerage and Distribution,
ICICI Bank
CMP: ₹709.55
Buy range: ₹650-720
Holding period: 2 years
The stock is well positioned to undergo rapid revaluation, delivering strong returns, as ICICI Bank continues its journey to deliver strong yield ratios and growth, Jani said. It has a target of ₹1,050 on the stock. Jani said ICICI Bank reported strong operational performance and asset quality.
Tata Consumer
CMP: ₹734.75
Buy range: ₹650-735
Holding period: 2 years
Tata Consumer is reorganizing its business to simplify the corporate structure, Jani said. “The unlocking of sales and distribution synergies resulting from the merger of group companies has started to bear fruit. The company is building a strong S&D channel, which will act as a key growth driver,” Jani said. It has a target of ₹900 on Tata Consumer.
Jayesh Bhanushali, AVP-Research,
ICICI Bank
CMP: ₹709.55
Buy range: ₹580-680
Holding period: 1 year
Bhanushali said ICICI Bank’s performance in the granular retail and small and medium business sector remains strong. The stock is also trading at an attractive valuation. Every dip is likely to be a buying opportunity, he said.
CMP: ₹560.40
Buy range: ₹580-560
Holding period: 1 year
Gujarat Gas has seen strong profit growth and a strong recovery in margins, Bhanushali said. Every dip can be a buying opportunity in the stock, he said.
Yash Gupta, Equity Research Analyst, Angel One
CMP: ₹1,305.10
Buy range: ₹1,097-1,484
Holding period: 1+ years
Gupta said the bank has a very well-distributed portfolio, with wholesale making up about 61% of the asset portfolio. It is positive given best-in-class asset quality, the expected rebound in retail credit growth and reasonable valuations. Gupta expects the stock to hit ₹1,860 within a year.
CMP: ₹811.50
Buy range: ₹698-945
Holding period: 1+ years
Gupta expects the residential real estate growth momentum to continue. “We have seen good consolidation across India towards the top 10 players. The top 10 players now hold 11.2% market share compared to 5.4% in 2017,” Gupta said. He expects the stock to hit ₹1,250 within a year.
Nischal Maheshwari, CEO-Institutional Equities, Centrum Broking
CMP: ₹2,427.4
Purchase Range: ₹2,400-3,000
Holding period: 3 years
Maheshwari said
is a multi-year story that can be SIPed on. “They were in oil and gas, then they came into retail, telecommunications and now green energy. The story will continue. I think the stock can give a 20% CAGR return. ”
CMP: ₹2,110.75
Purchase Range: ₹2,100-2,500
Holding period: 3 years
Maheshwari said the company had forecast revenue and profit growth of 22% based on a compound annual growth rate. “The valuation is high and will continue to be so. They are also focused on international business going forward,” Maheshwari said.
Siddharth Sedani, Senior Vice President – Sales and Equity Products, Anand Rathi
Tata Consumer
CMP: 734.75
Purchase range: At current price
Holding period: 1 year
Sedani sees the stock at ₹904 in a year. He said Tata Consumer would continue to see strong improvement in margins with lower tea procurement prices. The strategy of innovation and premiumization of salt, tea, Sampann and Soulful brands in the Indian market is expected to boost its sales, Sedani said.
CMP: ₹683.1
Purchase range: At current price
Holding period: 1 year
Sedani expects the crop protection chemicals business to see strong growth, thanks to its focus on registration of formulations and active ingredients across all regions. It is also bullish due to its strong pipeline and distribution network with a target of ₹835 on the stock in one year.
