HDFC Securities Institutional Research, after thorough research, has picked some stocks that can give them ample returns in the next 2 to 3 quarters.
The Stock Names
- Narayana Hrudayalaya
- Zen Technologies
- JTL Industries
- Ujjiivan Financial Services
Market
The Nifty 50 index recorded a high level in early trade on Monday, thanks to the positive global market signals for it.
BSE SENSEX hit an all-time high in the same morning of 73994.7.
NSE NIFTY 50 also climbed a steep height and jumped to 22440.90 today.
NIFTY MIDCAP 100 was up 0.2%, but NIFTY SMALLCAP 100 was down by half a percent.
HDFC Securities Institutional Research believes that these stocks will give them an ample amount of return in the next 2 to 3 quarters of the timeline. Some of the fundamental picks from the list are:
1. Narayana Hrudayalaya
Narayana Hrudayalaya has an impressive ROE of 0.29 in comparison to industries 0.11, which means it earns Rs. 0.29 profit on every Rs.1 invested by investors.
Expected five-year net income growth of 54%, which is higher than the average industry growth of 29%.
Narayana Hrudayalaya has a strong position in the market with steady growth with new hospitals, increasing profitability, and flagship hospitals in India. Narayana Hrudayalaya is prioritising its expansion in specific areas of their existing hospitals, and their expansion to Caymans promises a growing future for them.
- Buy: 1342 to 1358
- SL 1211
- Sell: 1467 to 1557
2. Zen Technologies
Zen Technologies, due to its ability to make changes to hardware and software in their anti-drone system, is expected to win big orders in the future. One can expect a strong performance from Zen Technologies due to its healthy order book, promising order inflow, and their capabilities.
- Buy: 856 to 880
- SL: 763 to 777
- Sell: 955 to 1032
3. JTL Industries
JTL Industries is growing rapidly and is expected to continue their performance in FY24. They have a strong demand for their product, hunger, and the capacity to expand and improve production quality.
- Buy: ₹252.85 to 260.55
- SL: ₹228.70 to 235.70
- Sell: ₹278.75 to ₹300.5
4. Ujjivan Financial Services
Ujjivan Financial Services is expected to give 25% CAGR in net income interest and 23% in net profit, while one can also expect its loan book to CAGR 31% in the same timeline.
- Buy: ₹583 to 595
- SL: ₹531 to 542
- Sell: 649 to 717
that’s all for today please come back for these type of stock recommendations
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.
