Here Are The Top Idea Picks For October 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..Deven Choksey Research Report.ACC - Volume growth and cost reduction initiatives to drive earnings growth (Potential upside: 16.3%)We expect a revenue/ Ebitda/ PAT CAGR of 8.8%/ 15.1%/ 8.4% respectively over FY24 to FY26E. We maintain our multiple of 13.0 times to FY26E Ebitda of Rs 40,527 to arrive at a target price of Rs 2,923/ share. This implies a left-over upside of 16.3% from the current market price. We have a Buy rating on the shares of ACC since August, 02 2024..State Bank of India - Well-placed to grab industry opportunities (Potential upside: 28.2%)We value SBI at 1.5x FY26E price/adjusted book value on an ABV of Rs 520.6 per share and assign the subsidiaries a value of Rs 231 per share. We maintain our target price to Rs 1,010 per share (unchanged). This implies the left-over upside of 28.2% from the current market price. We have Buy rating on the shares of State Bank of India since 06th August 2024..Tata Motors - New expansion strategy and JLR's positive margin outlook will drive future growth (Potential upside:18.6%)We expect an EV/Ebitda multiple for JLR at 3.2 times FY26E Ebitda and value the Chery-JLR joint venture at 2.4 times EV/Ebitda, TML-CV at 14.0x, and TML-PV at 16.0x, reflecting steady prospects. With positive outlooks for CV and JLR, we set a target price of Rs 1,156, including Rs 42.00 for Tata Technologies. With a left-over upside of 18.6%, we have an “Accumulate” rating on Tata Motors shares since August 12, 2024..Click on the attachment to read the full report:.Jindal Steel - Expansion Strategy To Propel Growth In The Long Run: Motilal Oswal.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 October 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 October 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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