Motilal Oswal Picks 4 Stocks To Buy For Monday: Invest In These Stocks For 24% Return

1. Apollo Hospitals Enterprise Ltd

Leading brokerage firm Motilal Oswal has recommended investors to buy Apollo Hospitals Enterprise Ltd with a target price of Rs 5600 apiece. The current market price of Apollo Hospitals is Rs 4519 apiece.

Buy Apollo Hospitals today for 24% Return. The company has a market capitalisation of Rs 64,986.35 crore. The stock has given maximum return of 359% in the last 5-years.

According to the analyst, "We remain positive on APHS due to: a) a favorable case-mix and increasing occupancy driving better prospects for Healthcare Services, b) strong franchise in the Pharmacy space, with healthy store additions, and c) ongoing investments to enhance its franchise under Apollo 24/7. We reiterate our Buy rating."

We maintain our FY23/FY24 estimate. We value AHEL on a 12M forward SoTP basis (23x/16x/22x/30x EV/EBITDA for Healthcare Services/retained Pharmacy/front-end Pharmacy/AHLL and 4x EV/sales for Apollo 24/7) to arrive at our TP of INR5,600, added the brokerage firm.

2. Indian Hotels Company Ltd

Motilal Oswal has given buy rating to Hotel industry stock with a target price of Rs 365 apiece. If you buy Indian Hotels with a target price of Rs 365, you will get potential return of 17%.

The current market price of Indian Hotels is Rs 313 apiece. It has a market capitalisation of Rs 44,501 crore. The stock's highest return came at 179% in last 5 years.
According to the analyst, "We largely retain our FY23/FY24 EBITDA estimates aided by robust demand in 2HFY23E due to the strong wedding season, increase in inbound travel, and India assuming the G20 presidency (meetings across India). Maintain BUY with an SoTP-based TP of INR365."

3. Container Corporations of India Ltd

The current market price of the stock is Rs 763 apiece. The analyst has given buy rating to the stock with a target price of Rs 880 apiece. If you buy Container Corporations today at its current market price, it will give you a return of 15%.

The logistics company has a market capitalisation of Rs 46,547.04 crore. It has given a maximum return of 42% in last 5-years.

According to the analyst, "We marginally raise our FY24 EPS estimate by 3%, factoring in an improved outlook on margin. We maintain our Buy rating on the stock with a revised TP of INR880, based on DCF valuation."

CCRI reported an inline operational performance, with 17% volume growth. Revenue grew 8% YoY to INR19.7b, 6% lower than our estimate. EXIM/ domestic volumes grew 18%/10% YoY to 0.94m/0.21m TEUs.

4. Ashok Leyland Ltd

The current market price of the stock is Rs 152 apiece with market capitalisation of 44,849 crore. The stock has given maximum return of 93% in last 3-years. Motilal Oswal has recommended investors to buy Ashok Leyland with a target price of Rs 180 apiece and a potential return of 18%.

According to Motilal Oswal, "We reduce our FY23 EPS estimate by 7% to account for a higher tax rate and maintain our FY24 EPS estimate. We maintain our Buy rating with a TP of INR180 (11x Sep'24E EV/EBITDA based and ~INR17/share for its NBFC)."

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. 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.