Stocks That Rock – April 2024
Hindalco – BUY Mcap
Rs 129,222 cr
CMP: Rs 570 Target: Rs 725 Upside: 27% Period: 12 Months
Hindalco Industries Limited (“Hindalco” or “the company”) is the metals flagship company of the Aditya Birla Group, headquartered in India. The company is primarily involved in the business of Aluminium and Copper and operates across ten countries globally. Hindalco is one of Asia’s largest producers of primary Aluminium (excl. China) as also the world’s largest Aluminium rolling and recycling company. In 2007, the company acquired Novelis – the world’s largest Aluminium rolling company, making Hindalco’s global footprint, and ranking it among the top 5 global Aluminium majors.
HCL Technologies – BUY Mcap
Rs 416,930 cr
CMP: Rs 1545 Target: Rs 1854 Upside: 20% Period: 12 Months
HCL is a leading global IT services company that ranks among the top five Indian IT services companies in terms of revenues. Since its inception into the global landscape after its IPO in 1999, HCL has focused on ‘transformational outsourcing’, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services, and BPO services. HCL leverages its extensive global offshore infrastructure and network of offices in 50 countries to provide multi-service delivery in key industry verticals including financial services, manufacturing, aerospace & defense, telecom, retail & CPG, life sciences & Healthcare, media & entertainment, travel, transportation & logistics, automotive, Government, energy & utilities.
Pricol – BUY Mcap
Rs 4,923 cr
CMP: Rs 406 Target: Rs 508 Upside: 25% Period: 12 Months
Pricol commenced its operations in the year 1975 in Coimbatore, South India. Pricol is one of India’s leading dashboard manufacturers headquartered in Coimbatore. The company carries out its business and operations in Driver Information Systems and Sensors, Pumps and Allied Products, Telematics and Wiping Systems catering to leading automotive OEMs in Two / Three Wheeler, Passenger Vehicles, Commercial Vehicles, Farm Equipment and Offroad Vehicles across India and in International Markets (45+countries) with 2000+ product variants. The company has 8 manufacturing facilities across Coimbatore, Manesar, Pantnagar, Pune, Satara and Sri city in India, 1 manufacturing plant in Jakarta, Indonesia, with 2 international offices in Tokyo, Japan and in Singapore.
Federal Bank – BUY Mcap
Rs 37,126 cr
CMP: Rs 155 Target: Rs 190 Upside: 22.5% Period: 12 Months
Federal Bank Ltd. (FBL), is an Indian private commercial bank, headquartered in Kerala. FBL owns 1,418 branches with a loan book size of Rs.2,06,930cr. FBL is the second-largest bank and the largest private sector bank in Kerala, with nearly 42% of its 1,418 branches located in the state. The bank has a strong retail funding franchise, including a stable base of NRI deposits, largely contributed by remittances from the expatriate Indian community in the Middle East
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