InCred Equities has released its much awaited list of high-conviction stocks for September 2024. TCS, Bajaj Finance, Lupin and Hero MotoCorp have been to its high-conviction stock list while removing Ajanta Pharma and others. The research house has projected a maintains a target of 26,736 for the Nifty 50
Rahul Sharma of JMFICS has recommended an ‘Amrit Kaal’ basket of 16 stocks with up to 47% upside potential in 12 months. 14 stocks are large-cap Blue-Chips while 2 are ‘Dark Horses’.
Bajaj Housing Finance Ltd (BHFL) is the second largest housing finance company (HFC) in India with an AUM of Rs 97,071 cr as of 1QFY25. The company was registered as a non-deposit taking HFC with the National Housing Bank (NHB) since 24th Sep, 2015 and is engaged in mortgage lending since FY18. BHFL offers financial solutions to individuals and corporate entities for the purchase & renovation of homes and commercial spaces
AWFIS sees demand for flexible office space clocking 25–27% CAGR in the coming years on: i) return-to office and hybrid mode of working, ii) higher influx of GCCs, iii) decentralisation by larger firms, iv) need for managed offices, and v) a shift to opex from a capex model by corporates. It expects average seat rental to grow by 5–6% annually.
HG Infra has showcased an impressive 24.2% revenue CAGR during FY18-24, thanks to its strengthened order book position and enhanced project execution capabilities. Ahead, the momentum is set to continue, as the company is projected to achieve a 16.1% revenue CAGR over FY24-27E.
Based on the above themes, we recommend the following stocks: HDFC Bank, ICICI Bank, Dalmia Bharat, Nestle India, State Bank of India, HCL Tech, Lupin ltd, Aurobindo Pharma, Federal Bank, Varun Beverages, TVS Motors, Bharti Airtel, J Kumar Infra, Prestige Estates, Sansera Engineering, and Cholamandalam Invest and Finance
Long-Term Drivers Intact The total hospitality industry in India currently comprises 212,000 rooms, translating to an industry size of ~Rs 82,000 Cr. The industry is projected to experience a CAGR of 10.5% over the next three financial years. This growth is expected to generate an annual incremental demand of Rs 8,200 Cr.
We believe Thangamayil Jewellery, a leading jewellery player in Tamil Nadu, is set to achieve 26%, 33%, and 41% revenue, EBITDA, and PAT CAGR, respectively, over FY24-27. This growth will be driven by the benefits of formalisation, accelerated store expansion, its value-for-money offerings, and the easy availability of capital at competitive interest rates
The dividend yield is computed based on the closing price of 29th August 2024. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22 and FY22/CY21. The * mark indicates data for FY23/CY22.
We recently met with MCX management. We gained more confidence in their strategic direction, which includes (1) launching new products such as monthly series and index options, (2) continuously enhancing the technology stack, and (3) focusing on increasing institutional participation and hedging activity on the platform
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