ICICI Bank To Varun Beverages — Here Are Top Stock Picks For November 2024 By Axis Securities

The Axis Top Picks Basket delivered a return of 11.6% in the last six months against the 7.5% returns posted by Nifty 50 over the same period.

(Source: Wendy Aros Routman/ Unsplash)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

State Bank of India - ROA Delivery Of 1%+ To Continue

(current market price: 821 / target price: 1,030 / Upside: 25%)

Amongst public sector banks, SBI is the best play on the growth trajectory of India’s economic growth supported by its-

  1. Comfortable footing on the C-D Ratio,

  2. Healthy PCR,

  3. Adequate capitalization and

  4. improved asset quality outlook.

We recommend a Buy with a target price of Rs 1,030/share.

Key risks: Significant slowdown in credit growth

Prestige Estates Projects – Growth Driven By Business Model

(current market price: Rs 1,640/ Target Price: 2,195 / Upside: 34%)

We maintain a Buy recommendation on Prestige Estates. Based on our DCF valuation method.

Sansera Engineering - Strong Order book; Capex and Diversified Product Segment Drive Growth

(current market price Rs 1,577/ Target Price: 1,875 / Upside: 19%)

In light of attributes such as-

  1. Higher sales mix in Non-Auto ICE components,

  2. Higher International business (exports),

  3. Focused approach on improving margin trends,

  4. The company’s capability to generate strong operating cash flows, and

  5. Capacity expansion plans, we expect revenue, Ebitda, and PAT to grow at CAGRs of 17%, 20% and 22% respectively over FY24-26E.

Key risks:

  1. Macro Economic Uncertainty,

  2. Business skewed towards ICE vehicles.

Click on the attachment to read the full report:

Axis Securities Axis-Top-Picks November-2024.pdf
Read Document

Also Read: Sagility India IPO: Financials, Issue Details, Key Strengths, Risks And More — Anand Rathi

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