Here are some recommended Top Stocks of the week 📊📑 that you should consider for investing.
✔️ Titan Company Ltd.
• Titan has a strong runway for growth, given its market share of sub-10% in Jewellery
• The company is targeting 2.5x of FY22 sales by FY27 in jewellery business
• The management indicated a healthy 17-19% growth in festive season demand across its key businesses in Oct’22
✔️ Ashok Leyland Ltd.
• Focus on expanding and creating new profit/revenue pools is likely to de-risk the business
• Good demand and softening commodity prices should drive a strong recovery in its financial performance.
✔️ IDFC First Bank
• Entering a phase of strong loan growth as the drag from wholesale book moderates
• It has scaled up retail deposits (CASA/retail TD) at a robust 73% CAGR over FY19-22 with a solid CASA mix of 51%.
✔️ ITC Ltd. We are positive on ITC fuelled by
a) Better-than-expected demand recovery and a healthy margin outlook in Cigarettes
b) Healthy sales momentum in the FMCG business
✔️Indian Hotels Company Ltd.
• Company has opened nine hotels during 1HFY23, and nine more are expected to open during 2HFY23 (five of them to be from ginger)
• Strong wedding season, increase in inbound travel, the company will turn PAT positive in FY23 with estimated earnings of Rs.761 crores
Which of these stocks do you have in your portfolio? Let us know in the comments 💬 section.
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Posted on : 06 Dec 2022 6:58 PM