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2 sin stocks among top brokerage picks to shield your portfolio amid rising volatility
, ETMarkets.com|
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Target Price: Rs 170
Ashok Leyland believes that the M&HCV segment would lead recovery in the coming months with demand getting support from core activities like construction, mining and infrastructure. Its EV subsidiary, Switch Mobility is setting up a plant in Spain and a future deal or collaboration at suitable valuation could re-rate Ashok Leyland.
Brokerage: Ashika Stock Broking
Agencies
Target Price: Rs 332
ITC is one of the largest cigarette manufacturers and the second-largest FMCG player by market capitalisation. Cigarettes remain the core while other segments are on a path of revival and the segments are scaling up. In addition, high dividend payout, debt-free status and strong free cash flow generation as compared to its peers make it one of the preferred picks.
Brokerage: Religare Broking
Agencies
Target Price: Rs 875
The management believes the next leg of growth in India’s spirit industry will be driven by premiumisation and thus, it expects premiumization to account for 90 per cent of revenue-mix. In order to mitigate the impact of cost inflation to some extent, the company plans to increase the price in the range of 1.25-1.5 per cent in FY23.
Brokerage: Ashika Stock Broking
iStock
Target Price: Rs 3,149
Eicher Motors (Eicher) is a globally recognised automobile company engaged in the manufacturing of motorcycles and commercial vehicles. It is a strong player in the commercial vehicle industry and leader in premium motorcycles. Eicher is expected to report improvement in the VE Commercial Vehicles segment, lifting its financials up for FY22-24E.
Brokerage: Religare Broking
Agencies
Target Price: Rs 2,750
The brokerage believes that health order inflows which rose by 61.4 per cent to Rs 5,339 crore for the period. Also, digitalisation will drive its long term growth across the business segments. Furthermore, the demand scenario continues to remain strong from sectors such as Railways, Metro, infra, pharma, data center, F&B, logistics and transmission.
Brokerage: Ashika Stock Broking
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Agencies
