Geojit Lists Best Large Cap, Mid Cap Stocks To Accumulate For Higher Return

Geojit has recommended investors to accumulate 3 stocks indicating strong potential to give good return. These stocks are Indian Hotels Company Ltd, The Ramco Cements Limited, and Bharat Forge Ltd. Check details related to these stocks below:

1. Accumulate The Ramco Cements

Geojit has assigned accumulate call to The Ramco Cements with a target price of Rs 845 apiece. Current market price of The Ramco Cements is Rs 733.00 apiece. The stock's 52-week high is Rs 867.05 apiece and 52-week low is Rs 575.05 apiece, respectively.

The company has a market capitalisation of Rs 17,320.23 crore. If you accumulate The Ramco Cements, it can offer a return of 15%. The large cap stock gave a return 13% in last 3-months, fell 14% in last 1-year, and 7% in last 3-years.
According to Geojit, "We value TRCL at ~13x FY25E EV/EBITDA (5Yr avg=14) and arrived at a revised target of Rs. 845 (Rs 750 earlier) but maintain Accumulate rating due to short-term concerns about higher input costs and debt."

2. Accumulate Bharat Forge Ltd

Geojit has recommended investors to accumulate Bharat Forge Ltd with a target price of Rs 942 apiece. Current market price of PSU Defence stock is Rs 862.15 apiece.

If you accumulate Bharat Forge Ltd now, you can get potential return of 9%. 52-week high of stock is Rs 919.50 apiece and 52-week low is Rs 595.85 apiece, respectively. The large cap stock, operating in Auto Ancillaries sector, gave a return of 22% in last 1-year and 77% in last 3-years.

The company has a market capitalisation of Rs 40,133.17 crore.

According to Geojit, "The correction in the steel price comes with a lag effect, which we expect to reflect in the fourth quarter too. Furthermore, margin should remain resilient due to growth in the defence & auto sectors and informed stable performance across domestic and export market with new business to be accretive from FY24E onwards."

 

3. Accumulate Indian Hotels Company Ltd

Last trading price of Indian Hotels Co Ltd is Rs 318.15 apiece with intraday fall of 1.16%. Geojit has recommended investors to accumulate this Tata Group stock, Indian Hotels Company with target price of Rs 357 apiece.

If you accumulate it now, you can get potential return of over 12%. The stock's 52-week high is Rs 348.70 apiece and 52-week low is Rs 180.75 apiece, respectively. The company has market capitalisation of Rs 45,190.04 crore.

The mid cap stock, operating in Tourism & Hospitality sector, gave a return of 52% in last 1-year, 15% in last 6-months, and 141% in last 3-years.

According to Geojit, "IHCL saw a solid recovery in the quarter aided by improved occupancy rate, ARR and RevPAR. With an optimistic outlook, we assign ACCUMULATE rating on the stock with a target price of Rs. 357, based on 24x FY25E EV/EBITDA."

 

Disclaimer

The stocks have been picked from the brokerage report of Geojit Financial Services Limited. 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.