4 Best Stocks To Buy, Accumulate: Brokerages See 31% Return In Large Cap, Mid Cap Stocks

Two brokerages namely Axis Securities and ICICI Securities have picked 4 stocks for Thursday. Axis Securities has picked Aditya Birla Fashion & Retail Ltd and assigned buy rating to the stock with a target price of Rs 400 apiece. The current market price of Aditya Birla Fashion is Rs 305 apiece.

Meanwhile, ICICI Securities has picked 3 stocks namely, Balkrishna Industries (Buy Rating), Brookfield India REIT (Add), and Siemens Ltd (Add). If you buy Balkrishna Industries today, you will receive 25% return.

1. Aditya Birla Fashion & Retail Ltd

Axis Securities has assigned buy call to the stock with a target price of Rs 400 apiece. The current market price of the stock is Rs 305 apiece. If you buy the stock at the current market price, you will get a return of 31%.

The company has a market capitalisation of Rs 28,981 crore. Its 52-week high is quoted at Rs 359 apiece and 52-week low is quoted at Rs 221 apiece, respectively.

The large cap company operates in Retail sector and declared a consolidated total income for the quarter ended September 30, 2022 at Rs 3,096, up 6.56% from last quarter total income of Rs 2905 crore. The stock has given a return of 84% in last 5-years, 39% in last 3-years, and 12% in last 1-year.

2. Balkrishna Industries Ltd

ICICI Securities has assigned buy rating to Balkrishna Industries with a target price of Rs 2479 apiece. The current market price of the stock is Rs 1977 apiece. If you buy Balkrishna Industries today, you can fetch potential return of 25%.

The company has a market capitalisation of Rs 38,224.61 crore. The large company operates in Tyres sector and was incorporated in 1961.

According to ICICI Securities, "BIL, with its cost arbitrage advantage vs peers, is still able to price its products at a discount of ~15-20% to global peers amidst inflationary power/fuel and manpower costs. This enables BIL to make lower price hikes and maintain profitability, resulting in continued improvement in market share (currently ~7% and targeting ~10% in next 3 years). With a mean RoE of ~23% and FCF of Rs20bn in FY23E-FY24E combined, BIL is providing a great opportunity to get added in portfolio currently, we believe."

3. Siemens Ltd

The current market price of the large cap engineering stock is Rs 2815 with an intraday gain of 1.53%. The company has a market capitalisation of Rs 1,00,247.85 crore.

The stock has given a return of 136% in last 5-years and 89% in last 3-years. The analyst has assigned Add call to Siemens Ltd with a target price of Rs 3011 apeice.

According to ICICI Securities "Greater demand for automation and digitisation augurs well for the company's strong digital offerings. We have marginally tweaked our estimates and maintain our ADD rating on the stock due to its consistent performance and favourable outlook on incremental capex. Revise our SoTP-based target price to Rs3,011 (earlier: 3,097)."

4. Brookfield India REIT

The current market price of the stock is Rs 289 apiece with an intraday dip of 0.07%. The company has a market captalisation of Rs 9713 crore. The stock has de lined over 1% in last 1-year, 12% in last 6-months, and 12% in last 3-months.

ICICI Securities has maintained Add rating for the stock with a target price of Rs 318 apiece.

According to ICICI Securities, "We retain our ADD rating with an unchanged target price of Rs318/unit which factors in asset level adjustments and balance sheet adjustments for N2 asset infusion. Key risks are slower-than-expected ramp up in office occupancies and lease rentals and rising interest rates globally and in India."

 

Disclaimer

The stocks have been picked from the brokerage report of ICICI Securities and Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage Houses are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.