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Here's Religare Broking's top stock picks for Samvat 2077 that can give up to 50% returns

Updated : 2020-11-10 16:52:17

Here are Religare Broking’s top stock picks for Samvat 2077 which can give up to 20-50% returns:

 ICICI Bank | TP: Rs 552   |  We would prefer investing in a large private banking space with ICICI Bank as our preferred pick. The bank has a strong brand name, healthy capital, and liquidity position, stable asset quality, a large customer base, and improved corporate governance under new management, the brokerage said.
ICICI Bank | TP: Rs 552 | We would prefer investing in a large private banking space with ICICI Bank as our preferred pick. The bank has a strong brand name, healthy capital, and liquidity position, stable asset quality, a large customer base, and improved corporate governance under new management, the brokerage said.
 Ashok Leyland | TP: Rs Rs 105 |  The brokerage believes that Ashok Leyland’s strong brand presence in the CV segment and its focus on diversifying to less cyclical businesses makes it one of its preferred picks in the automobile sector. It recommends a 'Buy' on the stock with a target price of Rs 105.
Ashok Leyland | TP: Rs Rs 105 | The brokerage believes that Ashok Leyland’s strong brand presence in the CV segment and its focus on diversifying to less cyclical businesses makes it one of its preferred picks in the automobile sector. It recommends a 'Buy' on the stock with a target price of Rs 105.
 Bharti Airtel | TP: Rs 709 |  The positive industry growth trends bode well for Bharti Airtel as it enjoys a strong market share in the Indian mobile services market. Its industry-leading ARPUs and consistent rise in 4G subscribers would aid revenue growth for the company. Bharti Airtel is well placed to benefit from increased traction received in digital services which we believe is likely to continue going forward, Religare Broking said.
Bharti Airtel | TP: Rs 709 | The positive industry growth trends bode well for Bharti Airtel as it enjoys a strong market share in the Indian mobile services market. Its industry-leading ARPUs and consistent rise in 4G subscribers would aid revenue growth for the company. Bharti Airtel is well placed to benefit from increased traction received in digital services which we believe is likely to continue going forward, Religare Broking said.
 Larsen & Toubro | TP: Rs 1,181 |  L&T by virtue of its market leadership is likely to be the key beneficiaries of the infrastructure spending by the government. The brokerage house believes L&T’s diversified business portfolio and sound balance sheet make it one of the best long-term bets in the infrastructure space.
Larsen & Toubro | TP: Rs 1,181 | L&T by virtue of its market leadership is likely to be the key beneficiaries of the infrastructure spending by the government. The brokerage house believes L&T’s diversified business portfolio and sound balance sheet make it one of the best long-term bets in the infrastructure space.
 Crompton Greaves Consumer Electrical  | TP: Rs 370 | Religare Broking prefers the stock due to the company’s strong product portfolio, market leadership in key segments coupled with a healthy dividend payout ratio (33-36%), lean working capital cycle, strong cash flow generation, and robust return ratios.
Crompton Greaves Consumer Electrical | TP: Rs 370 | Religare Broking prefers the stock due to the company’s strong product portfolio, market leadership in key segments coupled with a healthy dividend payout ratio (33-36%), lean working capital cycle, strong cash flow generation, and robust return ratios.
 Kansai Nerolac Paints | TP: Rs 615 |  The company has plans to grow in both decorative as well as industrial space and gain market share driven by innovative products, focus on non-auto segments, increase distribution network and expand in newer areas that are technology-intensive. Moreover, the brokerage believes its recent foray into the adhesives and construction chemicals segment would aid benefits in the coming quarters. Besides, benign raw material prices would augur well for the expansion of margin for the company.
Kansai Nerolac Paints | TP: Rs 615 | The company has plans to grow in both decorative as well as industrial space and gain market share driven by innovative products, focus on non-auto segments, increase distribution network and expand in newer areas that are technology-intensive. Moreover, the brokerage believes its recent foray into the adhesives and construction chemicals segment would aid benefits in the coming quarters. Besides, benign raw material prices would augur well for the expansion of margin for the company.
 Nippon Life India Asset Management | TP: Rs 348 |  The company’s consistent increase in equity assets, industry-leading retail assets, and strong presence in B-30 cities augur well for the growth prospects of the company. The consistent increase in monthly SIP book would ensure longevity and regular inflows providing stable growth, the brokerage said.
Nippon Life India Asset Management | TP: Rs 348 | The company’s consistent increase in equity assets, industry-leading retail assets, and strong presence in B-30 cities augur well for the growth prospects of the company. The consistent increase in monthly SIP book would ensure longevity and regular inflows providing stable growth, the brokerage said.
 Sudarshan Chemical Industries | TP: Rs 583 |  From a long-term perspective, the brokerage house remains positive on the company’s growth given its strong products, focus on pigments segment, expansion opportunity, and strong financial track record. Besides, it would see improvement in margins driven by a change in product mix and stable raw material prices.
Sudarshan Chemical Industries | TP: Rs 583 | From a long-term perspective, the brokerage house remains positive on the company’s growth given its strong products, focus on pigments segment, expansion opportunity, and strong financial track record. Besides, it would see improvement in margins driven by a change in product mix and stable raw material prices.
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