Top Four Stock Picks For April 2024 By Yes Securities

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..Yes Securities Report.Hindalco – Current market price: Rs 570 / Target price: Rs 725 / Upside: 27% / Period: 12 MonthsWith -steadfast focus on downstream businesses for Aluminium and Copper,emphasis on cost optimisation projects to ensure global competitiveness,sustainably strong earnings outlook in the light of upcoming capex and a discernable bottoming of global Aluminium prices makes us bullish on Hindalco Industries Ltd. and we recommend a Buy on the stock..HCLTech - Current market price: Rs 1545 / Target price: Rs 1854 / Upside: 20% / Period: 12 MonthsHCLTech Ltd.’s business mix is relatively more resilient to the adverse macro environment. Even the vertical mix is evenly distributed with individual strengths, while its service lines (cloud + IMS) have been more biased and relevant toward current enterprise spends. Given its robust capabilities and scale in engineering research and development space, and continued investment to drive digital engineering revenue with strong outsourcing opportunity should provide sustainable and predictable growth going forward we recommend a Buy on the stock..Pricol - Current market price: Rs 406 / Target price: Rs 508 / Upside: 25% / Period: 12 MonthsWe believe Pricol Ltd. should grow faster than industry on the back of a premiumization trend - clusters moving from mechanical to digital, underlying two-wheeler demand rebounding after a lull, Actuation Control & Fluid Management Systems segment facing tailwinds in exports and introduction of new products. Even excluding any impact of new products and acquisitions, we expect margin expansion, a net cash balance sheet and very strong growth together elevating return ratios, buttressing a possible re-rating..Federal Bank - Current market price: Rs 155 / Target price: Rs 190 /Upside: 22.5% / Period: 12 MonthsThe Federal Bank Ltd. has been showcasing solid performance, with advance growth of 21% and profit after tax growth of 25.3%YoY. The performance is expected to continue in the foreseeable future, which could lead to a re-rating in the stock and hence we recommend a Buy..Click on the attachment to read the full report:.Bajaj Finance - Standing The Test Of Time; ICICI Securities Initiates Coverage With A Buy.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.

Top Four Stock Picks For April 2024 By Yes Securities

Stocks that rock - April 2024

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