2022 Year-End Picks: IDBI Capital Assigns Buy On 2 NBFCs & 2 HFCs Stocks, Claims High Returns

IDBI Capital in its December 23, 2022, report on the BFSI sector has placed a "buy" on 4 stocks from the Non-Banking Finance Company (NBFC) and Housing Finance Company (HFC) sectors. These 4 stocks are Cholamandalam Investment And Finance Company, Manappuram Finance, HDFC, and Repco Home Finance. Here are the key highlights of the stocks picked by IDBI Capital in the year-end report of the BFSI sector:

1. Cholamandalam Investment And Finance Company Limited

IDBI Capital has placed a "buy" on the stock with a target price of Rs 840/share. It sees a potential upside in the stock up to 19% from its current level, considering the given target price. It is midcap stocks that operate in the NBFC sector. It has a market capitalisation of Rs 58,088.05 crore. 

The stock last traded at Rs 707.10/share on NSE. It has continuously fallen in the past 3 months. It fell 5.33% in 1 week and 1.86% in 3 months, respectively. However, in the past 1 year, it has given 34.27% positive returns. It has given 132.34% multibagger returns in 3 years and 174.88% multibagger returns in 5 years, respectively.

 

2. Manappuram Finance Limited

The brokerage has assigned the stock a "buy" rating with a target price of Rs 140/share. Given the given target price, it sees a potential upside in the stock of up to 26% from its current level. This is a midcap stock from the NBFC sector having a market capitalization of Rs 9,428.84 crore.

The stock last traded on the NSE at Rs 111.40/share. It fell 4.21% in the last 1 week and surged 18.7% in the past 3 months, respectively. In one year, it fell 32.48%, in 3 years it fell 36.85% and in 5 years it fell 5.79%, respectively.

 

3. HDFC Limited

The brokerage has given the stock a "buy" call with an estimated target price of Rs 2,950/share. According to the brokerage, there could be an 11% jump in the share price considering the target price and the current market price of the stock. It is a large-cap stock that operates in the HFC sector having a market cap of Rs 4,85,063 crore. 

The stock is currently trading at Rs 2,669.10/share on NSE. In the past 1 week, it fell 1.16% and surged 16.6% in the past 3 months, respectively. It has given 4.31% positive returns over the last 1 year. The stock has given 9.2% positive returns. It gave maximum 56.28% positive returns in the past 5 years.

 

 

4. Repco Home Finance Limited

The brokerage assigned the stock a "Buy" rating and set a target price of Rs 300 per share. The stock could give up to 34% if the given target price is achieved. It is a small-cap HFC sector stock with a Rs 1,409.82 crore market capitalisation.

On the NSE, the stock last traded at Rs 225.35/share, up 430% from the previous close. It moved down 5.85% in the past 1 week, 1.57% in the past 3 months and 12.94% in the past 1 year, respectively. Whereas in the past 3 and 5 yeras, it fell maximum 28.69% and 67.14%, respectively.

 

Disclaimer

The stocks have been picked from the brokerage report of IDBI Capital. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.