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Motilal Oswal Sees Strong Potential In These Top 3 Stocks, Initiates Buy Call
Leading brokerage Motilal Oswal has chosen 3 stocks that may offer strong potential of growth and give benefit to investors. He has selected large-cap Titan Company Ltd, large-cap stock HDFC Bank Ltd, and mid-cap Indian Hotels Co Ltd. Check below for key details:
1. Titan Company Ltd
Motilal Oswal has given buy tag to the Tata Group stock Titan Company for a target price of Rs 2160 from the current market price of Rs 2003 with a potential upside of 7.83%. Meanwhile, global brokerage firm Macquarie claims that Titan stock can offer a potential return of 41% and maintains buy rating with a target price of Rs 2750 apiece. The current market price of Titan Company Ltd is Rs 2013.55 apiece. The stock has hit the 52-week high of Rs 2768 apiece and 52-week low of 1662 apiece, respectively.
The PE of the large-cap stock is 82.25 which is higher than the sector PE of 73.69. The EPS is 24.48. It has a market capitalization of 178,760 at the time of writing the report. The stock has given multibagger returns of 278% in 5 years. Currently, Titan stock is trading at a discount of 27% from its all time high.
It has a great dividend history and declared dividend for the last 5 years. It declared an equity dividend of 750% or Rs 7.5 per share for the year ending March 2022. The ex-dividend date is July 8, 2022. wh
Titan Company Ltd is Rakesh Jhunjhunwala's favourite stock. He and his wife Rekha Jhunjhunwala hold substantial number of stocks in Titan and it pays out huge dividends. Rakesh Jhunjhunwala is also famous as the big bull of Indian stock market.
Titan is popularly known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail. The stock of Titan witnessed a decline of 2.90% on July 1, 2022 when the government announced the import duty hike on gold in an effort to reduce the demand of gold.
HDFC Bank Ltd
The large-cap stock has also fallen in the list of Motilal Oswal's list of stocks for which a buy call has been initiated. The brokerage claims that the stock of HDFC can give potential 36% return and maintains buy tag with a target price of Rs 1850.
The current market price of HDFC is Rs 1371 apiece. It has touched a 52-week high of Rs 1725 while a 52-week low of Rs 1271 apiece, respectively. Currently, it is trading at a discount of 20% from its highs. The PE of the stock is 20.02% which is lesser than sector PE of 21.48. The market capitalization is Rs 761,668 crore. The dividend yield is 1.13. The private sector bank has given a return of 64.5% in last 5 years.
It is a company with high TTM EPS. It has a good dividend history and declared dividend for the last 5 years without interruption. It has declared an equity dividend of 1550% or Rs 15.5 per share for the year ending March 2022.
HDFC Bank is one of India's leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994.
3. Indian Hotels Co. Ltd
Motilal Oswal in its 1-week back report has urged investors to buy the stock of Indian Hotels (IHCL) for a target price of Rs 278. This is Rakesh Jhunjhunwala's portfolio stock. Currently, it is trading at a discount of 11% from its 52-week high.
The current market price of the stock is Rs 236.90 apiece. Its 52-week high and low ranges are Rs 268.95 and Rs 129.01. It has registered rising net cash flow and cash from operating activity. Brokers have also upgraded their recommendation or target price for the stock. It has given a return of 61% in 1 year and a return of 86% in 5 years, respectively. The market capitalization is Rs 33649 crore.
According to a report in Financial Express, Rakesh Jhunjhunwala holds 1.57 crore shares of Indian Hotels Company.
The company has good dividend history and declared dividend consistently in the last 5 years. It has declared a dividend of 40% or 0.4 per share for the year ending March 2022. The dividend yield is 0.17%.
In a timeline that extends over 118 years, IHCL has successfully built for itself an unrivalled reputation and an irrefutable leadership. At the core of it is the sense of service with a touch of warmth. This strong foundation of IHCL, rooted in Indian hospitality and expressed through authentic experiences, has uniquely established as India's largest hospitality-focused company.
Disclaimer
The stocks have been picked from the brokerage report of Motilal Oswal Financial Services. Greynium Information Technologies, the author, and the 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 decisions.
