L&T, Tata Tech among 7 stocks to bet on ahead of Union Budget
, ETMarkets.com|
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The group enjoys healthy diversity, supported by increasing revenue contribution
of the service-oriented businesses - IT&TS and financial services, which accounted for around 26% of consolidated revenue for FY24. L&T group will maintain its dominant position in the EPC market in India by judiciously bidding for projects across infrastructure, defense, solar, energy storage and water treatment sectors and would continue to be a strong company working across segments.
SRF has announced capex of Rs 15,000cr between FY24-28. The majority, Rs 12,000 crore, will be invested in the chemical business and the rest will be deployed in the packaging films business. It has also approved a capex for belting fabric capacity expansion from 1,100 to 1,800 metric tons per month within the next 3 years.
ANI
AU Bank is expecting a positive trajectory for fee income and other income in line with the balance sheet as sustainability of fee income is strong with a focus on wealth products and leveraging advances-deposits business with expectations of 1.7% ROA next year despite increased cost of funds. Valuations are at the lower end of the five-year range in terms of P/BV and PE ratio offering scope for growth.
ANI
Tata Tech is a pure-play manufacturing focused ER&D company, primarily focused on the automotive industry with additional growth drivers including a heightened focus on smart manufacturing, reducing product development time and cost, connecting the digital thread and enhancing customer experience. As a subsidiary of Tata Motors, they benefit from long-term relationships with both Tata Motors and JLR which strengthens to tap the large opportunity in automotive ER&D markets, adjacent verticals to tap the wide business network.
ETMarkets.com
Management maintains its store addition guidance of 275-300 in FY25 and we expect the QSR market to grow with the current network being strong expecting the delivery formats to contribute to the growth strategy as well as dine in with partnership with PVR-INOX. Muted underperformance compared to the sector and growth in earnings could kick the up move for the stock in the coming months.
ETMarkets.com
The share of the faster growing east market has been consistent at 18-24% over the past five years owing to commissioning of new facilities in the southern region. However, the share in the eastern region is expected to increase going forward driven by healthy demand prospects in the region along with expected commissioning of further 0.9 MTPA capacity in Odisha.
Agencies
The management has taken strategic decisions to generate higher value for shareholders, including withdrawing the merger implementation application from NCLT, raising funds to venture new growth strategies and remains committed to delivering financial ambitions outlined for FY25 with notable improvements seen in ad revenue based on FMCG spending trends as rural recovery is improving leading to revenue growth, margin, and market position.
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Reuters
