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1) Maruti Suzuki India

StoxBox recommends Maruti Suzuki India Ltd. (MSIL) at a current market price of Rs.11,111, with a target price of Rs.11,666 to Rs.12,000. The company reported a mixed Q2FY25 performance, with a 0.2% YoY revenue growth to Rs.355,891 million but missed market expectations. Domestic sales fell 3.9% YoY, while exports grew 12.1%. PAT declined 17.4% YoY due to higher discounts and commodity costs. However, MSIL is optimistic about festive sales, with a 14% YoY growth in retail sales, and is focusing on expanding its EV and CNG offerings, including exports to Japan.

2) Godrej Agrovet

Godrej Agrovet’s current market price (CMP) is Rs.715, with a target of Rs.750. Q2 FY25 results show steady performance, with revenue at Rs.24,488 million (down 4.8% YoY) and EBITDA up 10.9% YoY to Rs.2,234 million due to margin gains. Despite a 7.8% YoY drop in net profit to Rs.958 million, the Animal Feed and Oil Palm segments saw margin improvements, while the Dairy segment grew 3% YoY on value-added products. A stronger H2 FY25 is anticipated, supporting a cautiously optimistic outlook.

3) GHCL

StoxBox picks GHCL with the current market price of Rs.596 and a target price of Rs.610 in the near term (2 days), with potential upside to Rs.660-680 in the coming months. GHCL demonstrates strong investment potential, with a 51 bps QoQ improvement in EBITDA margin (26.6%) and an 8.4% YoY increase in net profit to Rs.1,548 million. Despite challenges in the global soda ash market, domestic demand, particularly driven by solar glass production, remains positive. Additionally, GHCL’s Rs.200-250 crore investment in greenfield projects is expected to contribute to earnings from FY26.

4) Chalet Hotels

Chalet Hotels Ltd. delivered a strong Q2FY25 performance, with its current market price at Rs.867 and a target price of Rs.905. Key highlights include a 20% year-over-year (YoY) growth in total income to Rs.3,770 million and an 18% increase in hospitality revenue to Rs.3,352 million, driven by a steady occupancy rate of 74% and improved revenue per available room (RevPAR) of Rs.7,756. EBITDA rose 19% YoY, reaching Rs.1,495 million, although the company reported a net loss of Rs.1,385 million.Key projects like Bengaluru Marriott Whitefield and Dukes Retreat Lonavala are on track for completion by Q3FY25, with further developments in Delhi and Navi Mumbai by FY27.

StoxBox’s top picks offer a balanced investment approach across diverse sectors, each with strong growth drivers. These companies present attractive opportunities for investors seeking stability and potential gains in the near to mid-term.

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