The countdown to Samvat 2081 has begun. If Samvat 2080 was about new highs, breaching new levels, a flurry of domestic buying coupled with primary market euphoria, the mood is quite different for Samvat 2081. So in this situation here is a look at some of the top stock picks by Motilal Oswal and why they are bettering on these counters.
1. L&T: According to Motilal Oswal, L&T “is eyeing opportunities in new areas such as offshore wind projects, where it has already made its foray with an order win of $100m. It is also looking for opportunities in green hydrogen and nuclear projects construction. LT’s RoE stands at14.7% and it has maintained its long term target of 18% RoE. Their target for the stock is at Rs 4250 per share, implying a room for 23% upside.
2. ICICI Bank: The other key counter that features prominently in the Motilal Oswal list is ICICI Bank. One of the couyntry’s largest private sector banks, it posted a steady quarter with 15% YoY growth in net earnings. According to the Motilal Oswal report, ICICI Bank offers a “stable mix of high yielding portfolio and ongoing growth in Business Banking, SME, and secured retail segments are driving broad based growth, helping the bank maintain healthy business diversification.” They have a target price of Rs 1400 for the stock and see upside of 12%.
3. HCL Tech: The next stock in the Motilal Oswal list is HCL Tech. They have a target price of Rs 2300 per share and see scope for 25% upside in the stock. Motilal Oswal report states that, “Its investments in next gen platforms position it well for the GenAI revolution and future recovery in client spending.” Interestingly HCL Tech has revised its FY25 growth guidance to 3.5-5% YoY, supported by strong deal wins and leading position in data/SAP modernization.
4. Titan: Motilal Oswal report pointed out how Titan continues to outperform other brands due to its strong competitive positioning. “Tanishq’s unique brand recall and business moat provide a solid edge. The company plans to open 40 50 Tanishq stores and 70 80 Mia/ Caratlane stores, along with transforming 20 30 stores into larger formats.” They have a price target of Rs 4300 with 29% upside.
5. Zomato: Motilal Oswal has a price target of Rs 330 with 30% upside on Zomato.
» Read More
