Benchmark indices BSE Sensex and Nifty 50 hit a fresh record higher on Thursday, 5 August 2021. The Nifty 50 index surged previous the essential 16,300, even though the 30-share Sensex crossed 54,700 levels. After delivering powerful returns in July, the broader marketplace rally has cooled off so far in August. However, Axis Securities continues to see the broader marketplace undertaking nicely but believes that the focus is shifting towards sustainability of the returns. It has maintained the December 2021 Nifty target of 17,400 (22x FY23E earning). Overall, the domestic brokerage firm remains constructive on the marketplace and believes that the dips ought to be utilized to create positions.
Stocks to purchase
ICICI Bank: Buy, Target Price- Rs 810, Upside- 19%
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The management expects NIM to be steady on enhancing loan mix even though excess liquidity is utilized with development choosing up. Valuation-sensible, Axis Securities believes the bank has additional scope for expansions visà-vis its peers.
State Bank of India (SBI): Buy, Target Price of Rs 510, Upside- 18%
Axis Securities believes SBI’s unsecured lending profile is robust with more than 90% comprising salaried government staff.
Bharti Airtel: Buy, Target Price: Rs 700, Upside: 25%
Market share for the connectivity portion of the small business has improved from 23-31% in 2 years with 80% of income coming from 20% of the consumers.
HCL Technologies: Buy, Target Price: 1,150, Upside: 12%
HCL Technologies Ltd management expects traction inside services (ITS and ERS), but P&P to be soft and develop in low single digit in FY22.
Tech Mahindra: Buy, Target Price: 1,350, Upside: 12%
Tech Mahindra Ltd reported improved-than-anticipated benefits in Q1FY22 in terms of income development. Q1FY22 income stood at Rs 10,198 Cr, increasing by 4.8% QoQ and 4.1% QoQ in CC terms.
Lupin: Buy, Target Price: 1,400, Upside: 26%
Lupin’s specialty item portfolio incorporates (Albuterol, Solosec & Levothyroxine) in the US, a powerful chronic portfolio in India and biosimilars & geographical expansion in emerging and development markets could drive topline.
Federal Bank: Buy, Target Price: Rs one hundred, Upside: 14%
The brokerage firm mentioned important positives are growing retail focus, powerful charge earnings, sufficient capitalization, and prudent provisioning.
Equitas Small Finance Bank: Buy, Target Price: 76, Upside: 21%
Axis Securities believes Equitas SFB is eligible for re-rating offered the enhancing profitability, asset high-quality, and return ratios.
Varun Beverages: Buy, Target Price: 900, Upside: 18%
Given healthful overall performance in Q2CY21 regardless of adversity of COVID 2., VBL reported healthful overall performance. However, Gross Margins came below stress due to RM inflation but owing to price efficiencies VBL reported EBITDA Margins of 23.3% in Q2CY21.
Mold-Tek Packaging: Buy, Target Price: Rs 585, Upside: 11%
For FY22, the business has guided for a 15-18% volume development and sustainable
EBITDA/Kg of Rs. 37/Kg driven by improved volume off-take, superior item mix, and foray into new larger-margin industries (individual care/healthcare)
Camlin Fine Sciences: Buy, Target Price: Rs 215, Upside: 14%
The business is vertically integrated and engaged in the study, development, manufacturing, commercializing, and advertising of specialty chemical substances and blends.
Amber Enterprises: Buy, Target Price: Rs 3,330, Upside: 11%
On participation in higher-worth solutions such as compressors, the business is evaluating a partnership solution with an current manufacturer in higher-worth elements to participate in the scheme.
Minda Corporation: Buy, Target Price: Rs155, Upside: 12%
A couple of other development drivers for Minda Corp incorporate connected mobility options, lightweight options, and automobile access systems.
Steel Strip Wheels: Buy, Target Price: 1,669, Upside: 11%
Steel Strip Wheels has constructed huge capacity across auto segments like 2W, PV, CV, Tractors, OTR, and Al-alloy wheels, all of which are presently underutilized owing to the slowdown in the Auto sector post-IL&FS crisis in 2018.
Orient Cement: Buy, Target Price: 180, Upside: 13%
Orient Cement has cement manufacturing capacity of 8 mntpa and has plants situated in
Telengana, Karnataka, and Maharashtra. It’s a CK Birla group business.
Ashok Leyland: Buy, Target Price: 150, Upside: 13%
Despite the pandemic’s influence, LCVs have witnessed a robust demand largely driven by a surge in e-commerce and transport of dairy and fresh create.
*Upside % calculated from July 30, 2021 close.
(The stock suggestions in this story are by the respective study analysts and brokerage firms. TheSpuzz Online does not bear any duty for their investment suggestions. Capital markets investments are topic to guidelines and regulations. Please seek advice from your investment advisor just before investing.)