7 Stocks Where Sharekhan Had A “Buy” Call In The Month Of December 2022

Here are a list of stocks where brokerage firm Sharekhan had a "buy" call in the month of December 2022. The brokerage had several "buy" call recommendations, but, we have picked just 7 and the list is not exhaustive.

List of 7 stocks to buy from Sharekhan

Stock	Current market price (Dec 20, 2022)	Target price	Call
Sun Pharma	980	1300	BUY
PI Industries	3543	4200	BUY
Ultratech	7066	8500	BUY
V-Guard	271	320	BUY
GSPL	272	342	BUY
Apollo Tyres	324	372	BUY
Mahindra & Mahindra Financial Services	235	275	BUY

Buy Sun Pharma, PI Industries and Ultractech Cement

On Sun Pharma the brokerage has a price target of Rs 1300. "We reiterate a Buy rating and price target on Sun Pharma as we believe improved earnings visibility make it one of our top-picks in the pharma sector. Traction in the US, India and specialty segment revenues, product launches and strengthening balance sheet bode well for earnings," the brokerage has said.

On PI Industries, Sharekhan has said that he company's target of pharma revenue share of 20-25% hints towards sustained high growth prospects in the CSM business apart from revenue/earnings diversification.

On Ultratech Cement the firm has a price target of Rs 8300. "We continue to maintain our Buy rating on the stock with a revised price target of Rs. 8,500, rolling forward our valuation multiple to September 2024 earnings and considering its long-term growth potential and reasonable valuation," the brokerage has said.

Buy V-guard, GSPL and Apollo Tyres stock, says Sharekhan

On V-Guard the brokerage has stated that although it is EPS neutral or marginally dilutive in FY2024E, it expect acquisition to contribute meaningfully in the long-term. "Hence, we continue to maintain Buy on the stock with a revised price target of Rs. 320," the brokerage has said.

On GSPL Sharekhan has a target price of Rs 342, in its report earlier this month. "We maintain Buy on GSPL but with a revised SoTP-based price target (PT) of Rs. 342 (reflects higher valuation for standalone gas pipeline business and for its 54% stake in Gujarat Gas).

According to Sharekhan, Apollo Tyres trades at attractive valuations at a P/E multiple of 10.7x and an EV/EBITDA multiple of 5.4x its FY2025E estimates. "We retain a Buy rating on the stock with a revised price target of Rs. 372," the brokerage has said.

Mahindra & Mahindra Financial Services

Sharekhan has a price target of Rs 275 on the stock of Mahindra & Mahindra Financial Services . "We believe the earnings trajectory is going to positively surprise going forward, led by strong business growth and moderation in credit cost. At the current market price, Mahindra & Mahindra Financial Services trades at 1.8x and 1.7x its FY2023E and FY2024E, respectively, ABV," it said in a report earlier this month.

Disclaimer

The stocks have been picked from the brokerage reports of Sharekhan. 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.