5 Stocks To Buy, Add & Sell This Month: HDFC Securities Suggests

Indian stock markets gained significantly on the day of Muhurat Trading. Here 5 stocks have been discussed to buy, add and sell, as recommended by HDFC Securities.

V-MART - Buy Stock

HDFC Securities has estimated a target price for the stock at Rs. 3,300/share. The brokerage firm stated, "We expect revenue growth at 48.5% YoY. Ex-Unlimited format growth is likely to be weak at a 3-year CAGR of 6%. Footfalls remain weak, improving though at the margin. Building in EBITDAM of 7.8% (6.1% in Q2FY22; 3.6% in Q2FY20). V-Mart added 16 store in Q2 (Store Count 405)."

Berger Paints - Add Stock

HDFC Securities has estimated a target price for the stock at Rs. 620/share. According to the firm, "Berger to marginally lag APNT, given its higher exposure to the more inflation impacted tier-2/3 catchments. We build in 21% YoY growth in standalone business (Consol revenue 3-year CAGR: 19%). Building in GM/EBITDAM of -300/-180bp YoY (35.3/14.1%) due to high-cost inventory gets utilized this quarter."

Kansai Nerolac - Add Stock

HDFC Securities has estimated a target price for the stock at Rs. 550/share. "We expect KNPL's under performance (std) vs APNT/BRGR to continue. We model a 20.5% topline growth in Q2. Std topline 3-year CAGR baked in is 14%. 70/160bp YoY/QoQ EBITDAM expansion/contraction built-in Q2FY23 (11.5%)," HDFC Securities mentioned.

Titan - Sell Stock

HDFC Securities has estimated a target price for the stock at Rs. 2,000/share. The brokerage firm stated, "As per Titan's quarterly update, it reported a 20% growth YoY (3-year CAGR 25%), Jewellery sales grew by 19% YoY standalone basis (3-year CAGR 29%). Mainly due to healthy sales on Navratri (Sept end), pent-up demand & spillover purchase post Covid, and store expansion. Watches/eyewear/others grew 20/7/58% YoY (3-year CAGR: 5/4/2%)."

Trent - Sell Stock

HDFC Securities has estimated a target price for the stock at Rs. 1000/share. The firm said, "We expect revenue to grow 59% YoY (3-year CAGR of 26%). We estimate strong 27/270% growth YoY for Westside and Zudio resp (3-year CAGR: 16% for Westside). Expect GMs to be ~49%. Building in 17.9% EBITDA margin."

Disclaimer

The above stocks were picked from the brokerage report of HDFC Securities. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.