UltraTech Cement, United Spirits And More - Top Stock Picks For Diwali And Samvat 2078: Motilal Oswal

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Top stock picks for Diwali - Samvat 2078 UltraTech Cement Ltd. UltraTech Cement enjoys leadership position across regions, which helps it maintain its premium pricing in most markets. The company is setting up cement capacities of 19.5 million tonnes per annum, which would drive sales volume compound annual growth rate of 10% over FY21- 24E. We expect UltraTech Cement to turn cash positive in FY24E and expect return on equity to improve further to 15% by FY24E on higher asset turnover, led by an enhancement in capacity utilisation, continued debt reduction, and improvement in Ebit margin.United Spirits Ltd.United Spirits' recovery post the second Covid-19 wave has been faster than that in FY21 and continues to improve. The outlook appears promising with: on-trade channel returning to normalcy; increased occasions for home indulgence; the ongoing strategic review of half of the Popular portfolio to be concluded by December 2021, which would offer further primacy to the Prestige and Above segment; potential success in the P&A segment in terms of both growth and margin; the new chief executive officer taking over recently; and faster-than-expected deleveraging..Click on the attachment for full list of Motilal Oswal's Diwali stock picks:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

UltraTech Cement, United Spirits And More - Top Stock Picks For Diwali And Samvat 2078: Motilal Oswal

UltraTech Cement, United Spirits And More - Top Stock Picks For Diwali And Samvat 2078: Motilal Oswal

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