Election recommendations: Bank of Baroda, 4 more stocks are IIFL's fresh ideas to win

Now that the exit polls predict a thumping win for the Prime Minister Narendra Modi-led National Democratic Alliance (NDA), IIFL Securities has identified five new stocks which it said are its election recommendations.

IIFL Securities has recommended a buy view on BoB at the recommended price of Rs 275-286 for a price target of Rs 319. This is a 14% upside. As one of the leading PSU banks, it is expected to see a stable net NIM with asset quality expected to remain stable.

The stock is recommended for Rs 1240-1280 with a 12-month target of Rs 1409. This is a 12% upside. The company delivered operationally in-line 4QFY24 with 25% AUM CAGR and its earnings growth will likely outpace loan growth.

A buy recommendation is given at Rs 670-702 for a 12-month price target of Rs 797. This is a 16% upside. KFin's management is bullish on the growth prospects of its international business and the alternative space.

IIFL recommends a 'Buy' view at Rs 3400-3560 for a 12-month target price of Rs 3940. This is a 13% upside. A higher share of high margin-low volume orders in the order book and operating leverage is expected to aid 100bps YoY expansion in OPMs and 10% net margins in FY25.

A 'Buy' recommendation is given at Rs 4750-4880 and a price target of Rs 5474 with a 12-month view. This is a 14% upside. The growth outlook remains strong despite the slowdown in FGD contracts. The company is targeting new wins worth Rs 12,000 crore in FY25.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)