Here are New Year's top picks:
✔️State Bank of India:
SBI is one of the few large-cap stocks available at a reasonable valuation with high growth visibility (expect ~32% PAT CAGR over FY22-24), led by solid retail loans and pick-up in the corporate segment.
✔️UltraTech Cement Ltd:
Cement demand is expected to pick up post the festive season, and volume growth should be in double-digits in FY23/24.
✔️Bharat Forge Ltd:
While core businesses have a stable outlook for CY23 in both India and exports, Bharat Forge is entering into the era of harvesting from the age of investing, given a large part of investments is already done.
✔️ITC Ltd:
A stable tax environment for Cigarettes in recent years has allowed ITC to calibrate price increases.
✔️Infosys Ltd:
Infosys continues to see traction in the large deal pipeline, despite an adverse demand environment.
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Posted On: 02 Jan 2023 9:00 PM
