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Stocks To Buy: Large Cap Bank & IT Stocks Those Can Amplify 33%

The macro-environment of the IT stocks is not quite affirmative, while the banking sector is watching a good time. At this time, Motilal Oswal has suggested these two large-cap stocks for towering returns.
Kuntala Sarkar
Infosys
Infosys' current market price is Rs. 1504, Motilal Oswal estimated a target price of Rs. 2000, for 33% return. Its market capitalization (large cap) is Rs. 640,246 crore.
Financial performance
Its sales stood at Rs. 1,216b PAT stood at Rs. 221b, and EBIT Margin was 23% in FY22. Management states its FY23 USD revenue growth guidance of 13-15% YoY.
Motilal Oswal thinks
We expect INFO to deliver margin on the higher side of its guidance band. Management sees no slowdown in demand, despite weakness in macro environment.
HDFC Bank
HDFC Bank's current market price is Rs. 1387, Motilal Oswal estimated a target price of Rs. 1850, for 33% return. Its market capitalization (large cap) is Rs. 766,342 crore.
Financial performance
Its NII stood at Rs. 720.1b, operating profit stood at Rs. 640.8b, and NIM was 3.9% in FY22. The company is targeting to double its Balance Sheet over 4-5 years.
Motilal Oswal thinks
Stock will recover as revenue and margin revive over FY23, further clarity on its merger with HDFC is needed. HDFC Bank is looking to add 1.5k-2k branches annually.