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Diwali 2022: Prabhudas Lilladher bets on these small, mid and largecap stocks

Apollo Hospitals Enterprises, Avenue Supermart, Bharti Airtel, ICICI Bank, Mahindra and Mahindra, Ashok Leyland, Chambal Fertilizers, Federal Bank, Jubilant Ingrevia, VIP Industries and Westlife Development are among the top chart picks by Prabhudas Lilladher

October 24, 2022 / 09:43 AM IST
Samvat 2078 went down in the history as one of the most volatile years where in exuberance around Tech stocks and IPO boom was followed by Russia Ukraine war, multi decade high global inflation and fastest interest rate hikes in recent times. Amid this hazy global scenario, India looks better placed. It benefited from food security, domestic demand driven economy, PLI scheme across manufacturing and defence, strong banking system with decade low NPA, strong infra capex and rising investments in Unicorns. Even as high inflation has impacted demand in lower and lower middle sections, festive demand is buoyant with waned Covid impact, good monsoons, pick up in infra & real estate development and strong hiring demand across sectors. “Although uncertain global environment and expected slowdown in US and Europe remain a concern, we believe India will successfully navigate this period and emerge stronger. We continue to prefer companies with presence in emerging segments, strong balance sheets and business moats,” said Prabhudas Lilladher.
1/12
Samvat 2078 went down in the history as one of the most volatile years where in exuberance around Tech stocks and IPO boom was followed by Russia Ukraine war, multi decade high global inflation and fastest interest rate hikes in recent times. Amid this hazy global scenario, India looks better placed. It benefited from food security, domestic demand driven economy, PLI scheme across manufacturing and defence, strong banking system with decade low NPA, strong infra capex and rising investments in Unicorns. Even as high inflation has impacted demand in lower and lower middle sections, festive demand is buoyant with waned Covid impact, good monsoons, pick up in infra & real estate development and strong hiring demand across sectors. “Although uncertain global environment and expected slowdown in US and Europe remain a concern, we believe India will successfully navigate this period and emerge stronger. We continue to prefer companies with presence in emerging segments, strong balance sheets and business moats,” said Prabhudas Lilladher.
Representational image. (Image: AP)
2/12
Apollo Hospitals Enterprise | CMP: Rs 4,366 | Target Price: Rs 5,000
Avenue Supermarts (D-Mart)
3/12
Avenue Supermart | CMP: Rs 4,135 | Target Price: Rs 5,121
Bharti Telecom at present holds a 35.85 percent stake in Bharti Airtel.
4/12
Bharti Airtel | CMP: Rs 783 | Target Price: Rs 1,032
ICICI Bank
5/12
ICICI Bank | CMP: Rs 897 | Target Price: Rs 950
Mahindra XUV300 Turbo | Mahindra is all set to unveil a more powerful version of its compact SUV, the XUV300, on October 7. First showcased at the 2022 Auto Expo, the new XUV300 will be powered by a new turbo petrol engine, and to differentiate the variant will be christened XUV300 Sportz. In terms of design, however, there are going to be very few changes. Most of the panels will remain the same and the changes will be limited to the new decals and ‘Sportz’ badging around the car. Interiors may be updated with a new colour scheme such as black with red contrast accents and stitching. The focus for the SUV, however, will lie in the new engine. The XUV300 Sportz is expected to be powered by a retuned version of the 1.2-litre turbo-petrol engine. This will produce 128 hp of maximum power and 230 Nm of peak torque. For context, the current turbo-petrol produces 108 hp and 200 Nm. Further, the Sportz will only be available with a single 6-speed manual transmission option, but all four trim variants – W4, W6, W8 and W8(O) – should be available. Expect pricing to be at a premium over the current starting price of Rs 8.41 lakh. (Image: Mahindra)
6/12
Mahindra and Mahindra | CMP: Rs 1,255 | Target Price: Rs 1,500
Ashok Leyland | CMP: Rs 150 | Target Price: Rs 200
7/12
Ashok Leyland | CMP: Rs 150 | Target Price: Rs 200
Chambal Fertilisers | Promoter Manbhawani Investments sold 2.2 lakh equity shares in the company via open market transactions, reducing shareholding to 1.1 percent from 1.15 percent earlier.
8/12
Chambal Fertilizers & Chemicals | CMP: Rs 329| Target Price: Rs 480
Federal Bank | CMP: Rs 132 | Target Price: Rs 165
9/12
Federal Bank | CMP: Rs 132 | Target Price: Rs 165
Pharma
10/12
Jubilant Ingrevia | CMP: Rs 544 | Target Price: Rs 860
VIP Industries: VIP Industries clocks robust profit at Rs 69.10 crore in Q1FY23 on low base. Revenue grows 186.4% YoY. The company registered a healthy growth in consolidated profit at Rs 69.10 crore in Q1FY23, on a low base in profit at Rs 2.53 crore in Q1FY22 that affected by second Covid wave. Revenue grew by 186.4% YoY to Rs 590.61 crore during the same period.
11/12
VIP Industries | CMP: Rs 685 | Target Price: Rs 1,020
(Representational image)
12/12
Westlife Development | CMP: Rs 756 | Target Price: Rs 847