Coming into Samvat 2079, analysts believe that India’s domestic market will grow compared to its global rivals, with improved fundamentals and earnings.
HDFC Bank | CMP: Rs 1,443 | TP: Rs 1,709 Potential Growth: 18%
In addition to HDFC and HDFC Bank’s existing network, analysts expect the synergy with HDFC to strengthen the bank’s network and facilitate cross-selling of products. The sector has an attractive market P/BV of 2.6x book value in FY23/24.
- D-Street emphasized that Delta Corp’s FY23 numbers are higher than pre-COVID-19 levels.
- The 30 stock index rose 635.96, or 1.14%, to close at 56457.97. Nifty also closed at 16,801.25, up 187.05 points or 1.13%.
- ITC, Indusind Bank ,Axis Bank top Sensex drags
- Current Market: 10 Things You Need to Know Before Opening the Current Market
ICT CMP: Rs 340 | PT: Rs 405 | Potential Growth: 19%
Analysts expect tobacco products to drive the FMCG group’s growth at a one-tenth compound annual growth rate in FY24-22. With a 22% upside potential, the brokerage has set an annual target price of Rs 405 per share. Analysts expect strong growth in all four sectors of tobacco, hospitality, FMCG, and agriculture.
Bank of Baroda | CMP: Rs 140 | TP: Rs 155 Potential Growth: 10%
Analysts say the bank is well-capitalized with 15.5% of auto loans and is well-positioned to capitalize on the sector’s potential 15% loan growth without growth in the sector. Analysts believe that higher variable rates will lead to higher initial returns in the future. Dignity quality is also expected to improve due to severe slippage and a strong recovery.
Spirit of Unity CMP: Rs 835 | MSRP: KRW 100,000 987 | Potential Growth: 18%
The recent drop in commodity prices and increased domestic consumption are likely to have an impact on United Spirits in 1Q23. In addition, the company is confident about double-digit growth in the medium to long term. Insurance premiums and a focus on international brands also boosted profit margins.
Sumitomo Chemical | CMP: Rs 514 | MSRP: Rs 596 | Potential Growth: 16%
As of March 2022, the company had cash and loan debt of 436 million lei. For FY22, the company reported sales and profit of Rs 3,065 crore and Rs 424 crore, up 16% and 23% from the previous year.
I want to be an Indian CMP: Rs 1600 | MSRP: Rs 1895 | Potential Growth: 18%
Analysts expect Charybdis’ earnings to remain strong in FY22-24 due to new product launches. Also, the recent decline in commodity prices and freight rates should help offset the profit loss in FY22. The company will report a PAT CAGR of 41.4% at Rs 573 crore.
Colte Patil CMP Developer: Rs 358 | PT: Rs 460 Potential Growth: 28%
While the stock trades at 10x EPS, slightly above the FY24 average of 9.3x EPS, the industry sees a growth potential of 34% this year with a target price of Rs 344. Despite rising home prices and interest rates, analysts expect property developers to benefit from higher housing demand and lower debt levels.
Mahindra CIE Automotive | CMP: Rs 312 | TP: Rs 381 | Potential Growth: 22%
The company is expected to be a major beneficiary of the cyclical growth of the Indian auto industry and its strategy to penetrate new customers and develop technologies. The broker is optimistic about the company’s growth prospects as it plans to expand through both organic and inorganic channels.
Pope Maximus CMP: Rs 220 | PT: Rs 260 | Potential Growth: 18%
India’s huge renewable energy market presents a huge opportunity for companies to invest more in green energy. The company is also looking to triple sales and quadruple PAT to FY22 levels.
Street Supermarket CMP: Rs 4,139 | PT: 5,148 | Potential Growth: 24%
Analysts expect a better sales mix for retailers and convenience stores going forward. They also believe that earnings will grow at a 2-year (22-24) CAGR of 35% and a 2-year (22-24) CAGR of 44%. Brokerage firms see D-Mart as a powerful buying idea in the retail industry.
Indian stock market continues to outperform global leaders in Samvat 2079
With less than two weeks to Diwali, investors are racing to capitalize on the stock market’s promise in the October 24 after-hours trading session. This traffic is called Murat. The year 2022 will be a racetrack of market turbulence, such as macroeconomic uncertainties, such as geopolitical tensions, inflationary pressures, financial strains, and a slowing global economy, destabilizing confidence. In these scenarios, it is necessary to invest in the right Muhurat company.
Private Bank is one of the largest private banks in India with total assets of Rs 1150 crore (as of June 2022).
According to the report, Akis Bank recorded a five-year CAGR of 13% and is expected to grow at a CAGR of 16.3% in FY22-24. Moreover, with a share of nearly 60%, banks are focusing more on the retail segment, especially mortgages. More than 80% of unsecured loans are granted to office workers. ICICIDdirect said:
The ICICI Direct report said: “We believe that additional measures will be more relaxed, resulting in a reduction in the debt burden, which will lead to lower revenues.” In addition, they added that with a solid capitalization rate of ~17.8% (Q1 15.7%), Axis Bank is poised for gradual business growth going forward.
State Union Bank:
Based in Tamil Nadu, the bank is a traditional private bank specializing in MSMEs and agricultural loans, accounting for 61% of total loans. Overall, 99% of this program is intrinsically safe.
According to ICICI’s direct report, the bank is reporting a CAGR of up to 10% over the past five years and is expected to reach 13% in FY 2022-24. The agency also raised its growth forecast to 15-18% as the economy recovers. How nice. Preparations for the first 20 loans accounted for about 5.3% of total preparations (a decline in subsequent years), indicating that banks are focusing more on the smaller portfolio of money.
Citi Union Bank’s deterioration in asset quality, which has been impacted by COVID-19 restrictions, appears to be easing as spread stress is gradually contained. In June 2022, the bank’s GNPA and NNPA stood at 4.6% and 2.8%, respectively, due to lower slippage.