Diwali stock picks 2023 By Geojit Financial Services
HDFC BANK LIMITED
We expect the NII to have bottomed up and anticipate a gradual recovery in the near term. The merger with HDFC Ltd (NBFC), is likely to be beneficial in the medium to long term. While valuation has become attractive.
CMP : Rs. 1,476.70 52 Week High/Low : 1757.80/1,460.55 Current Dividend Yield : 1.3% Return On Equity (FY23) : 17.0% Revenue Growth (Last 5yrs CAGR) : 15% Promoter Shareholding : 0% Market Cap (Cr.) : Rs. 1,120,645 BSE Code : 500180 NSE Code : HDFCBANK
PI INDUSTRIES LIMITED
With a sustainable margin profile of over 25% we expect the earning to grow by 20% over FY23-25E. The company's strong focus on Diversification, R&D, strategic acquisitions, CSM order book, and export growth are set to support its future performance
CMP : Rs. 3,400.80 52 Week High/Low : 4,010.00/2,870.00 Current Dividend Yield : 0.3% Return On Equity (FY23) : 17.0% Revenue Growth (Last 5yrs CAGR) : 23% Promoter Shareholding : 46% Market Cap (Cr.) : Rs. 51,596 BSE Code : 523642 NSE Code : PIIND
BIOCON LIMITED
Increase in market share across the U.S and European market, higher traction for biosimilars with new product launches and increased investment in R&D augur well for futures performance.
CMP : Rs. 219.65 52 Week High/Low : 293.30/191.60 Current Dividend Yield : 0.68% Return On Equity (FY23) : 4.0% Revenue Growth (Last 5yrs CAGR) : 22% Promoter Shareholding : 61% Market Cap (Cr.) : Rs. 26,371 BSE Code : 532523 NSE Code : BIOCON
TTK PRESTIGE LIMITED
Demand and margins to improve aided by upcoming festive season and lower input price. The long-term outlook remains positive given rising middle-income households, improvement in the real estate sector, and easing input prices, along with TTK’s strong brand recall.
CMP : Rs. 798.00 52 Week High/Low : 950.00/652.10 Current Dividend Yield : 0.77% Return On Equity (FY23) : 14.0% Revenue Growth (Last 5yrs CAGR) : 8% Promoter Shareholding : 70% Market Cap (Cr.) : Rs. 11,061 BSE Code : 517506 NSE Code : TTKPRESTIG
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