Buy, Add Call To 2 Stocks: Kotak Securities Picks Mid, Large Cap Stocks Offering Attractive Valuation

Leading brokerage firm Kotak Securities has assigned buy and add call to 2 stocks. These stocks are IRB Infrastructure Developers Ltd (buy) and Hindustan Unilever Ltd (Add). Check key details below:

1. Buy IRB Infrastructure Developers Ltd

The analyst has recommended investors to buy IRB Infrastructure Developers Ltd with a target price of Rs 340 apiece and gave a time period of 12 months when the stock will achieve the specified target price.

The current market price of the stock is Rs 307 and if you buy IRB Infrastructure Developers Ltd now, you will receive potential 11% return. The mid cap stock has given 299% return in last 3-years and 43% return in just 3-months. The company has a market capitalisation of Rs 18,578 crore.

The stock's 52-week high is Rs 329 apiece and 52-week low is Rs 179 apiece, respectively.

According to Kotak Securities, "revenue visibility remains strong with an order book of Rs 20,000 crore adjusted with GST. We arrive at SoTP (Sum-of-the-parts)-based fair value of Rs 340 per share."

2. Add Hindustan Unilever Ltd

The analyst has recommended investors to add large cap stock Hindustan Unilever Ltd with a target price of Rs 2825 apiece.

The current market price of the stock is Rs 2581 apiece with 52-week high at Rs 2741 apiece and 52-week low at Rs 1901 apiece, respectively.

The company has a market capitalisation of Rs 6,06,499.99 crore. The stock, operating in FMCG sector, has given 90% return in last 5-years, 34% return in last 3-years, and 7% return in last 1-year.

According to Kotak Securities, "We expect earnings to grow by 20% in FY 24 E and grow by 13.7% in FY 25E. We value HUVR using Discounted Cash Flow (DCF) methodology."

Disclaimer

The stocks have been picked from the brokerage report of Kotak Securities. 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 check with certified experts before taking any investment decision.