Buy, Add Call To 5 Stocks: HDFC Securities Lists Top Picks Offering 59% Return

HDFC Securities has assigned reduce, add, and buy call to top 5 stocks from building materials sector offering potential return of up to 59%. These stocks are Century Plyboards (I) Ltd, Greenlam Industries, Greenpanel Industries, Somany Ceramics, and Kajaria Ceramics. Check key takeaways below:

1. Buy Somany Ceramics

HDFC Securities has assigned buy rating to the stock with a target price of Rs 800 apiece. The current market price of the stock is Rs 502 apiece and if you buy it now, you will get 59% return.

The stock has a market capitalisation of Rs 2132 crore. The small cap stock has rallied 121% return in last 5-years. It has declined 44% in last 1-year and 46% in last 5-years.

According to the analyst, "Indian market is experiencing strong demand, but export volume fell ~20% YoY in 10MCY22. This limited pricing power for domestic market-focused tiles majors like Kajaria, Somany, and Prism.We anticipate that exports will rebound in CY23 due to India's cost and quality advantage, which should support increased volume and margin recovery for the tiles majors."

 

 

2. Buy Century Plyboards

HDFC Securities has assigned buy call to leading mid cap building materials stock, Century Plyboards (India) Ltd with a target price of Rs 715 apiece. If you buy Century Plyboards now, you will get potential upside of 40%. The last trading price of the stock is Rs 510 apiece with an intraday fall of 0.78%.

The stock's 52-week high is Rs 749 apiece and 52-week low is Rs 484 apiece, respectively. The shares of the company have rallied 204% in last 3-years and 48% return in last 5-years. In last 1-year, the stock has declined 20% and 18% in last 3-months.

The shares have fallen 10% in last 1-month. The company has a market capitalisation of Rs 11,330 crore.

3. Buy Greenpanel Industries

The last trading price of the stock is Rs 327 apiece with a decline of 2.57% intraday. HDFC Securities has assigned buy call to the stock with a target price of Rs 430. If you buy Greenpanel Industries stock now, you will get 32% upside.

The stock's 52-week high is Rs 625 apiece and 52-week low is Rs 302 apiece, respectively. The company has a market capitalisation of Rs 4017 crore.

The stock has given 588% return in last 3-years and declined 26% in last 1-year.

4. Buy Kajaria Ceramics

The analyst has recommended investors to buy Kajaria Ceramics with a target price of Rs 1430 apiece. The current market price of the stock is Rs 1180 apiece. If you buy Kajaria Ceramics now, you will get potential return of 21%.

The mid cap stock has given return of 120% in last 3-years and 57% in last 5-years. In last 1-year, the stock has declined 10%. The stock's 52-week high is Rs 1379 apiece and 52-week low is Rs 886 apiece, respectively.

5. Add Greenlam Industries

The analyst has recommended investors to add Greenlam Industries with a target price of 360 apiece. The current market price of the stock is Rs 331 apiece.

The company has a market capitalisation of Rs 4205 crore. The stock's 52-week high is Rs 415 apiece and 52-week low is Rs 280 apiece, respectively. The stock has rallied 78% in last 3-years and 31% in last 5-years.

Disclaimer

The stocks have been picked from the brokerage report of HDFC 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.