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Prabhudas Lilladher Picks 5 Stocks To Buy Amid Festive Cheer For Gains Up To 20%
Leading brokerage Prabhudas Lilladher has chosen 5 stocks for investors that can fetch them double digit returns amid the ongoing festive cheer. These stocks are Asian Paints Ltd, Avenue Supermarts, Westlife Development, Jubilant FoodWorks, and State Bank of India. According to Prabhudas Lilladher, "Valuations remain high given rural demand slowdown and RM volatility. However, festive demand in Q3 & low base for rural in H2 provides some comfort in the near term."
Check the key takeaways below pertaining to all the stocks that the domestic brokerage has recommended:
| Company Name | Potential Return In % |
|---|---|
| State Bank Of India | 22% |
| Westlife Development Ltd | 17.97% |
| Avenue Supermarts Ltd | 14.34% |
| Jubilant FoodWorks Ltd | 8.69% |
| Asian Paints | 3.27% |
1. Asian Paints
The brokerage has recommended investors to buy the stock of Asian Paints Ltd with a target price of Rs 3446 apiece. The stock will fetch a potential return of 3.27% to investors. According to Prabhudas, there is a likelihood of 18% volume growth in Asian Paints Ltd as a result of strong demand.
The brokerage anticipates the EBITDAM (earnings before interest, income taxes, depreciation, amortization, and management fees) to remain around 17%. The last trading price of Asian Paints is Rs 3337 apiece with 52-week high at Rs 3590 apiece and 52-week low at Rs 2560 apiece, respectively. The company has a market capitalisation of Rs 3,20,127 crore.
The large cap company gave a 5-years return of 189%.
2. Jubilant FoodWorks Ltd
Prabhudas Lilladher has given buy rating to large-cap stock Jubilant Foodworks Ltd with a target price of Rs 688 and potential return of 8.69%. The current market price of the stock is Rs 633 apiece.
The brokerage anticipates that company's revenue may rise by 16% led by robust numbers in dine and delivery segment. As per the brokerage report, the PAT of Jubilant FoodWorks may dip 4.1% YoY.
The last trading price of Jubilant FoodWorks is Rs 633 apiece with 52-week high at Rs 915 and 52-week low at Rs 451 apiece, respectively. The company has a market capitalisation of Rs 41,817 crore.
3. State Bank of India
The brokerage has given buy call to the stock of SBI with a target price of Rs 650. The current market of the stock is Rs 532 and an investment in the stock at current market price is likely to fetch a potential return of 22%.
The analyst has given a time period of 1-year for the stock to reach its defined target of 650. The 52-week high of the stock is Rs 578 apiece and 52-week low is Rs 425 apiece, respectively.
It has a market capitalisation of Rs 4,75,414.07 crore.
4. Westlife Development Ltd
The rating is "buy" for this stock from Prabhudas Lilladher with a target price of Rs 847 apiece. An investment at its current market price of Rs 718 apiece will potentially provide a return of 17.97 to investors.
Prabhudas Lilladher says the revenue of the company may grow 48% and EBITDAM (earnings before interest, income taxes, depreciation, amortization, and management fees) to improve by 130 bps QoQ. The 52-week high of the stock is Rs 755 apiece and 52-week low is Rs 402 apiece, respectively.
The mid-cap company has a market capitalization of Rs 11,207 crore.
5. Avenue Supermarts Ltd
Prabhudas assigned buy rating to the stock with a target price of Rs 5118 apiece and a potential return of 14.34%. The last trading price of the stock is Rs 4476 apiece with 52-week high at Rs 5899 and 52-week low at Rs 3185 apiece, respectively.
The company has a market capitalisation of Rs 2,89,976.34 crore as of writing the story. As per the brokerage report, D'Mart's revenue is likely to surge by 38% YoY and 7% sequentially amid robust festive demand. EBITDA may improve by 42 bps to 9% YoY.
Disclaimer
The stocks have been picked from the brokerage report of Prabhudas Lilladher. 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.
