9 Stocks To Buy Ahead Of Third Quarterly Results Of Major Companies

Here are a list of 9 companies that are on the buy list of broking firm Prabhudas Lilladher. The firm has come-put with a series of sector reports ahead of quarterly numbers. These reports are based on various sectors. Let's take a look at stocks to buy from across sectors.

9 company stocks to buy ahead of quarterly numbers

Company	Industry	Rating	Current market price	Target price
Inox Leisure	Entertainment	Buy	474	602
Nazara	Entertainment	Buy	576	1012
PVR	Entertainment	Buy	1636	2005
Havells	Consumer Goods	Buy	1196	1442
Voltas	Consumer Goods	Buy	814.2	1030
Cipla	Healthcare	Buy	1076	1300
Indoco	Healthcare	Buy	394	430
Bajaj Finance	Financials	Buy	5980	8953
Manappuram Finance	Financials	Buy	118.6	144

Buy Manappuram Finance stock with a target price of Rs 144

Prabhudas Lilladher in its report on financials has said that Manappuram Finance has seen a steep correction and is 30% off its 52-week high price and trades at an attractive valuation of 1.0x/0.9x FY24/FY25P/ABV. "Margins to see improvement as we expect yields to continue with their uptick and rise to 22.1% levels from 21.9% in Q2'23. Manappuram's microfinance business and non-gold business(combined> 35% of AUM) should see strong performance with strong disbursements and asset quality, although gold AUM to remain flattish. The benefits of new RBI norms for microfinance companies such as 'removal of pricing cap' should start flowing in. We believe worst is over for Manappuram Finance and the company is now one amongst our top pick.
Recommend 'BUY' at target price of Rs 144," the brokerage has said.

Buy Crompton Greaves

In the consumer good/consumer durables space, the brokerage has a buy call on he stock of Crompton Greaves. "We resume coverage on Crompton Greaves Consumer Electricals (CROMPTON) with a 'BUY' rating at target price of Rs 435. We remain structurally positive on CROMPTON for a longer term given 1) market share gains in its core categories of Fans and Pumps 2) sustained investments in LT initiatives and cost leadership (brand building, GTM, innovation, business processes & teams) 3) well defined plan of entering and scaling up appliances business (through Butterfly) and new categories (Water Heaters, Air Coolers, Mixer- Grinders) and 4) strong balance sheet (Sep22 net debt/equity: 0.2x). We estimate Sales/ EBITDA/PAT CAGR of 17.4%/16.0%/10.9% over FY22-25E (including Butterfly). We value the stock at 36x FY25 EPS. The stock is currently trading at 39.7x/33.8x/28.3x FY23/24/25 earnings. Resume coverage with 'BUY' rating," the brokerage has said.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher and HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage Houses are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.