Here Are The Top Idea Picks For August 2024 By DRChoksey

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..DRChoksey Research Report.Poonawalla Fincorp - New business strategies and products to lead the next growth engine (Potential upside - 31.5%)The stock is currently trading at price/adjusted book value multiples of 3.1 times/ 2.7 times based on FY25E/FY26E ABVPS. We assign P/ABV multiple of 3.3 times to FY26E ABVPS of Rs 137.5 per share and maintain our target price to Rs 455/share (unchanged). This implies a left-over upside of 31.5% over the current market price and accordingly, we retain our “Buy” rating on Poonawalla Fincorp. We have a “Buy” rating on the stock since July 26, 2024..Happiest Minds - Anticipates strong growth in FY25E driven by strategic acquisition (Potential upside - 15.1%)We expect Happiest Minds Technologies Ltd.'s revenue/profit after tax to grow at a compound annual growth rate of 24.0%/23.1% over FY24-FY26E. We assign a price/earning multiple of 36.0 times on FY26E EPS of Rs 24.7 to arrive at a target price of Rs 891 per share. This implies a leftover upside of 15.1% from current levels. Accordingly, we have an Accumulate rating on the shares of Happiest Minds Technologies since May 10, 2024..Click on the attachment to read the full report:.Here Are The Top Stock Picks For August 2024 By Axis Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Here Are The Top Idea Picks For August 2024 By DRChoksey

Investment period for stock picks is six months from the date of the recommendations provided; and return calculated on six months highest price.

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Here Are The Top Idea Picks For August 2024 By DRChoksey

Investment period for stock picks is six months from the date of the recommendations provided; and return calculated on six months highest price.

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