25 POWER PACKED PSU PICKS for up to 46% upside in 3-6 months by LKP Securities

25 POWER PACKED PSU PICKS for up to 46% upside in 3-6 months by LKP Securities
Company:	PSU Stocks
Brokerage:	LKP Securities
Date of report:	August 14, 2023
Type of Report:	Initiating Coverage, Sector Report
Recommendation:	Buy
Upside Potential:	46%
Summary:	While many of them would have generated positive returns for shareholders over the past two years, their immense potential towards value creation and value migration is yet to unfold going forward
Full Report:	Click here to download the file in pdf format
Tags:	BFSI, Bharat Electronics, Canara Bank, CMP, LKP Securities, PSU Stocks
As India lays the foundation for -Amrit Kaal, the PSU companies in our view would start winning both – Heart and Mind of domestic investors. While many of them would have generated positive returns for shareholders over the past two years, their immense potential towards value creation and value migration is yet to unfold going forward Sr. No. Name of the Stock CMP as on 11-Aug-23 Buy Area Target Potential upside Time frame Sector 1 Bank of Baroda 193 190 – 193 250 / 265 37% 3-6 Months BFSI 2 Bharat Electronics 132 120 – 130 146 / 157 21% 3-6 Months Defence 3 Bharat Heavy Electricals 103 95 – 100 118 / 125 25% 3-6 Months Heavy Electrical Equipment 4 Canara Bank 332 328 – 336 400 / 430 28% 3-6 Months BFSI 5 Coal India 235 225 – 235 255 / 272 16% 3-6 Months Coal 6 Cochin Shipyard 645 590 – 610 680 / 710 16% 3-6 Months Defence 7 Container Corporation Of India 677 650 – 660 730 / 775 17% 3-6 Months Logistics 8 Engineers India 151 135 – 145 175 / 190 31% 3-6 Months Engineering 9 GAIL 116 110 – 115 130 / 140 22% 3-6 Months Oil & Gas 10 GIC 201 190 – 200 221 / 232 16% 3-6 Months BFSI 11 Hindustan Copper 159 140 – 150 174 / 182 21% 3-6 Months Metal – Non Ferrous 12 HUDCO 67 60 – 65 76 / 81 25% 3-6 Months BFSI 13 Ircon International 103 95 – 100 118 / 126 26% 3-6 Months Engineering Sr. No. Name of the Stock CMP as on 11-Aug-23 Buy Area Target Potential upside Time frame Sector 14 Life Insurance Corporation of India 660 655 – 670 770 / 840 25% 3-6 Months BFSI 15 MOIL 219 215 – 220 260 / 280 27% 3-6 Months Mining & Minerals 16 National Aluminium Company 94 90 – 92 120 / 130 41% 3-6 Months Aluminium 17 NBCC 49 48 – 49 63 / 70 43% 3-6 Months PMC / EPC / Real Estate 18 New India Assurance Company 126 123 – 125 145 / 155 24% 3-6 Months BFSI 19 NHPC 50 50 – 51 62 / 72 41% 3-6 Months Power Generation/Distribution 20 NTPC 213 210 – 214 260 / 286 34% 3-6 Months Power Generation/Distribution 21 Oil India 278 273 – 280 350 / 400 43% 3-6 Months Oil Exploration 22 Rail Vikas Nigam 126 122 – 127 160 / 185 46% 3-6 Months Engineering 23 RITES 473 465 – 475 550 / 600 26% 3-6 Months Engineering 24 Steel Authority Of India 91 88 – 92 110 / 125 36% 3-6 Months Steel 25 Tamil Nadu Newsprint & Papers 220 220 – 225 300 / 320 42% 3-6 Months Paper Related