Latest News
-
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System -
BlackRock Acquires Shares in Electrosteel Castings and PTC India for Rs 207 Crore -
IndiGo Enhances Domestic Routes with Direct Chennai-Durgapur Flights -
Tesla to Recall Nearly 4,000 Cybertrucks Over Accelerator Pedal Fault -
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY -
Sebi to Enhance Price Discovery for Firms Trading Below Book Value
4 High Convection Stock Ideas To Generate Upto 15% Returns
Motilal Oswal Institutional Equities has come-up with its basket of high conviction stock ideas, which can generate upto 15 per cent returns. Here is a list of 4 such stocks picked from the broking firms research report:
1. IPCA Labs
IPCA delivered a phenomenal performance led by: (a) HCQS led opportunity, (b) improving outlook for Domestic Formulations (DF), and (c) lower raw material cost. The brokerage firm expect an earnings CAGR of 31% (FY20-22), supported by: a) a sales CAGR of 20% in International Generics and 22% in API, b) heal thy outperformance by the DF segment, and c) 500bp margin expansion owing to a better product mix and operating leverage.
2. Exide Industries
According to the brokerage firm EXIDE should improve its market share as economic recovery led demand would come in from AUTO OEMs and the Industrial segment. Motilal Oswal Institutional Equities prefers EXIDE as it offers superior risk-reward considering its market leadership, technology alliances, backward integration and better product mix. The company is focusing on cost control measures and technology upgrades to improve its bottomline.
3. Teamlease
According to Motilal Oswal institutional Equities, Teamlease has an upside potential from current levels. The broking firm believes that as the economy unlocks gradually and enterprises look to dodge supply disruption, it believes the company/sector has already passed the peak of uncertainty. Encouraging rebound in the unemployment situation and the hiring outlook corroborate our view. As both the central and state governments look forward to liberalizing and formalizing the labor markets, TeamLease should be among the biggest direct beneficiaries.
4. AU Small Finance Bank
This is another small finance bank that reported healthy earnings led by robust treasury performance and controlled operational expenditure. The bank prudently made additional COVID-19 provisions and improved its PCR to 64%. Steady decline in moratorium book, reduction in SMA numbers and improving collection trend has eased pressure on asset quality.
