Kotak Securities released its top investment ideas for Samvat 2082, highlighting Adani Ports and Special Economic Zone Ltd (APSEZ), Acutaas Chemicals, Cummins India, Eternal, ICICI Bank, Mahindra & Mahindra and Reliance Industries among its key recommendations.
The brokerage has given a buy rating on Adani Ports with a target price of Rs 1,900 per share. The stock closed at Rs 1,451.50 apiece on Wednesday.
"We anticipate strong volume growth in two-thirds of APSEZ’s port portfolio. East Coast ports are poised for robust expansion supported by capital expenditure. A dominant share of volumes comes from containers, with a strong growth trajectory ahead. We estimate a topline of Rs 11,400 crore and EBITDA of Rs 2,800 crore in FY29," Kotak Securities said in its report.
Acutaas Chemicals Ltd was the second major recommendation, with a target price of Rs 1,780 per share and a buy rating. The company is a fast-growing manufacturer of pharmaceutical intermediates and specialty chemicals, the brokerage noted.
For Cummins India, Kotak Securities set a target price of Rs 4,400 per share with an add recommendation.
Eternal was assigned a target price of Rs 375 with a buy call. The report cited the company’s wide presence in 750 cities, compared with Swiggy’s 660, and projected that Blinkit’s take rate has room for improvement. "A higher proportion of older stores should drive operating leverage. We expect Blinkit to achieve EBITDA breakeven in the second half of FY26 and deliver a consolidated revenue CAGR of 83 per cent over FY25–FY28," the brokerage said.
ICICI Bank received a target price of Rs 1,700 per share, up from the current level of Rs 1,399.
Mahindra & Mahindra was given a target of Rs 4,000 per share, while Reliance Securities was assigned a target price of Rs 1,555.
For RIL, the brokerage gave a target price of Rs 1,555 with RIL's telecom business IPO by H1CY26 a key tailwind.
Another factor is RIL's 5-year ambition for its FMCG business of Rs 1 lakh crore revenue (Rs 11,500 crore in FY25) and a long-term ambition of being India’s largest FMCG company with a global presence.
This year, Muhurat Trading will happen on October 21 from 1:45 pm to 2:45 pm.
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