Stocks to buy: 6 stocks to buy for an upside of up to 47%
1/6
Stocks to buy
Stock: Data Patterns (India)
Research House: InCred Equities
Advice: Add
Stock Price: Rs 2,046
1-year Target Price: Rs 3,000
Potential Upside: 46.6%
Comment: Initiate with ‘add’ due to robust order backlog, diversified order book, focus on in-house product development, export opportunities, experienced management team, and likely improvement in return ratios in the future.
Research House: InCred Equities
Advice: Add
Stock Price: Rs 2,046
1-year Target Price: Rs 3,000
Potential Upside: 46.6%
Comment: Initiate with ‘add’ due to robust order backlog, diversified order book, focus on in-house product development, export opportunities, experienced management team, and likely improvement in return ratios in the future.
2/6
Stock picks for this week
Stock: IIFL Finance
Research House: HSBC
Advice: Buy
Stock Price: Rs 591
1-year Target Price: Rs 790
Potential Upside: 33.8%
Comment: Initiate with ‘buy’ due to improved liability management, strong risk management, aggressive investments in distribution, technology and partnerships, strong retail AUM growth, and RoA expansion.
Research House: HSBC
Advice: Buy
Stock Price: Rs 591
1-year Target Price: Rs 790
Potential Upside: 33.8%
Comment: Initiate with ‘buy’ due to improved liability management, strong risk management, aggressive investments in distribution, technology and partnerships, strong retail AUM growth, and RoA expansion.
3/6
Stocks to watch out for
Stock: Astra Microwave Products
Research House: ICICI Direct
Advice: Buy
Stock Price: Rs 399
1-year Target Price: Rs 510
Potential Upside: 27.8%
Comment: Recommend ‘buy’ due to its strong domain expertise in microwave and radio frequency applications, healthy
order book, and execution of high-margin domestic orders. Sectoral tailwinds with government's focus on
indigenisation and robust R&D are other positives.
Research House: ICICI Direct
Advice: Buy
Stock Price: Rs 399
1-year Target Price: Rs 510
Potential Upside: 27.8%
Comment: Recommend ‘buy’ due to its strong domain expertise in microwave and radio frequency applications, healthy
order book, and execution of high-margin domestic orders. Sectoral tailwinds with government's focus on
indigenisation and robust R&D are other positives.
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4/6
Stock recommedations
Stock: Poonawalla Fincorp
Research House: JM Financial
Advice: Buy
Stock Price: Rs 389
1-year Target Price: Rs 480
Potential Upside: 23.4%
Comment: Maintain ‘buy’ due to its strong business model, solid operational execution aided by benign credit environment, robust balance sheet, benefits from sale of housing subsidiary, and likely jump in customer acquisition through digital lending app.
Research House: JM Financial
Advice: Buy
Stock Price: Rs 389
1-year Target Price: Rs 480
Potential Upside: 23.4%
Comment: Maintain ‘buy’ due to its strong business model, solid operational execution aided by benign credit environment, robust balance sheet, benefits from sale of housing subsidiary, and likely jump in customer acquisition through digital lending app.
5/6
Top stocks to buy
Stock: APL Apollo Tubes
Research House: Nuvama
Advice: Buy
Stock Price: Rs 1,638
1-year Target Price: Rs 2,000
Potential Upside: 22.1%
Comment: Start with ‘buy’ due to its leading position in fast-growing steel tubes market, focus on value-added products, robust distribution network, higher retail presence, better operating cash flow and improved return ratios.
Stock prices as of September 21
Source: ET Bureau
Research House: Nuvama
Advice: Buy
Stock Price: Rs 1,638
1-year Target Price: Rs 2,000
Potential Upside: 22.1%
Comment: Start with ‘buy’ due to its leading position in fast-growing steel tubes market, focus on value-added products, robust distribution network, higher retail presence, better operating cash flow and improved return ratios.
Stock prices as of September 21
Source: ET Bureau
6/6
Top stock recommendations
Stock: Bank of India
Research House: Sharekhan
Advice: Buy
Stock Price: Rs 99
1-year Target Price: Rs 120
Potential Upside: 21.2%
Comment: Maintain ‘buy’ due to healthy capital ratios, strong balance sheet, resilient loan growth, stable margins, lower slippages, strong asset quality, lower credit costs and likely improvement in return ratios in the future.
Research House: Sharekhan
Advice: Buy
Stock Price: Rs 99
1-year Target Price: Rs 120
Potential Upside: 21.2%
Comment: Maintain ‘buy’ due to healthy capital ratios, strong balance sheet, resilient loan growth, stable margins, lower slippages, strong asset quality, lower credit costs and likely improvement in return ratios in the future.