Bets on Bumper
The local brokerage company Sharekhan has selected eight equities from a variety of industries. Here investors can make wagers for the year 2024. These equities come from industries including pharmaceuticals, autos, and banking.
HDFC Bank | CMP: Rs 1709
Sharekhan, a brokerage firm, kept its Buy rating on HDFC Bank. Indicating an 11% potential upside from current market prices with a target price of Rs 1900.
“The merged organization’s earnings track could be unfavorably impacted by numerious banning factors.”We price in and represent acceptable values for all of these.” There’s virtually little likelihood.
There is very little chance of additional de-rating. At 2.2x/1.9x its FY2026E/FY2025E core BV projections, the stock is trading. With a PT of Rs 1,900, we continue to retain our Buy rating,” the brokerage firm stated.
Induslnd | CMP: Rs. 1,598
With a target price of Rs 1850, Sharekhan has a buy rating on IndusInd Bank. It indicating a potential 16% upside from the current market prices.
“We expect the bank’s profitability growth to over come the profit of that of the sector. This growth is driven by consistent margins, robust loan growth visibility, and additional reductions in credit costs.” In the immediate to medium term, this should maintain RoEs at about 15%, according to Sharekhan.
Hero MotoCorp | Rs 4,138 in CMP
Hero MotoCorp gets a Buy recommendation from brokerage company Sharekhan, with a target price of Rs 4,579, indicating an 11% possible upside from current market levels.
We feel that HMCL will benefit from a robust recovery in EBITDA margins, in addition a robust reaction to the HD X 440, further premiumization efforts, the growth of its EV market, and perhaps even a resurgence in rural sales.Additionally, considering that Ola Electric has a 12% market share in the electric two-wheeler industry, listing would maximize the value of its investment in Ather Energy,” the statement stated.
Lupin | CMP: 1,323 rupees
With a target price of Rs 1,500 and a Buy rating, the brokerage Sharekhan upgraded Lupin, implying a 13% potential upside from current market prices.
“gSpiriva, is picking up steam, topic a debate of lupin. This is due to the fact that only two companies have submitted product applications,” the statement read.
CMP: Rs 180 for Artemis Medicare Services
With a target price of Rs 222, the brokerage Sharekhan has given Artemis Medicare Services a Buy recommendation, indicating a 23% potential upside from the present market levels.
“Artemis Medicare has a sustainable business model and a leadership position in Gurgaon’s hospital market. In three to five years, the business hopes to nearly triple its existing multi-specialty hospital bed capacity of 713 to about 2000 beds.
CMP: Rs 113 on Bank of India,
Sharekhan has a buy rating with a target price of Rs 120. This suggests a 6% possible upside from the present market levels.
“The complete performance is being assisted by strong tailwinds in the sector. The retail sector is still doing well, and loan growth momentum is also anticipated to be robust going forward, driven by a revival in MSMEs and corporate credit growth,” Sharekhan stated.
CMP for Radico Khaitan is Rs 1,659
With a target price of Rs 1,965, Sharekhan rates Radico Khaitan as a buy. This suggests an 18% possible upside from the present market levels.
“From merely being a distillery, RKL has evolved into a major participant in the IMFL, with premiumization fueling expansion. Over the course of FY2018–23, RKL’s Premium & Above (P&A) category recorded a 13% volume CAGR. P&A volume contribution increased to 33% in FY23 from 26% in FY18, and seven brands achieved a volume of one million cases. RKL anticipates that premium brands will continue to rise rapidly. In addition, RKL is concentrating on introducing goods in the brown and white spirits categories, aiming to outperform the industry and continuously gain share in important areas by catering to the premium/luxury market.”
Wonderla Holidays | Rs. 842 in CMP
With a target price of Rs 1,137, Sharekhan rates Wonderla Holidays as a Buy, indicating a 35% potential upside from the current market levels.”WHL is signing lease-land deals with several state governments, focusing on an asset-light model to penetrate new markets. As a result, WHL will be able to produce large cash flows, which it will use to expand its parks by adding new attractions. WHL is in discussions to establish new parks with states including Uttar Pradesh, Madhya Pradesh, Gujarat, and Punjab,” the statement read.