Diwali Dhamaka: SMC recommends these 9 stocks for profit booking- Check target price, time frame and other details here

The bank is focusing on growing the core operating profit in a risk calibrated manner instead of loan growth. The bank aims to improve share of profitable market opportunities by making delivery to the customer more seamless and frictionless through digitization and process improvements. Business performance of the bank such as domestic loan growth, overall corporate advances, retail loan growth, CASAratio are continuously improving. Thus, it is expected that the stock will see a price target of Rs 874 in 8-10 months' time frame.

According to SMC, SBI appears well positioned to report strong uptick in earnings, led by moderation in credit cost from FY22. The bank has posted robust improvement in asset quality on sequential basis as well as over a year earlier level. The bank’s performance is showing a gradual improvement quarter by quarter; the strong deposit franchise, large customer size and loan book mix augurs well for the bank. Thus, it is expected that the stock will see a price target of Rs 577 in 8-10 months' time frame.

The company will maintain leadership in the E&C segment in India, and is positioned to benefit from the large infrastructure spending in India, over the medium term. Moreover, the Company`s focus continues to be on efficient execution of its large order book, working capital reduction, cost optimization through use of digital technologies aimed at operational efficiencies and driving an agile Balance Sheet. The Company is optimistic of its growth aspirations in the medium term as the economic outlook improves. Thus, it is expected that the stock will see a price target of Rs 2120 in 8 to 10 months ’time frame.

The company has sustained business performance despite its operations being impacted by the second Covid-19 wave. The management appears confident in the growth cycle in the residential market and expects that its strong brand image, healthy balance sheet and commitment to quality will act as a catalyst for future growth. It continues to remain focused on cost optimization and tight working capital management. On the P&L and balance sheet, DLF's debt levels have come down over the last few quarters and it is likely to do so in the coming quarters. Thus, it is expected that the stock will see a price target of Rs 474 in 8 to 10 months' time frame.

The Company constantly endeavours to grow through organic and inorganic means, with focus on technology upgradation, quality improvement, cost competitiveness, as well as environment, health and safety. A strong balance sheet and liquidity position enable the company to move forward on its growth journey without any compromises and the Government announced various schemes to strengthen and give the much-needed boost to the automobile sector, with strong focus on curbing air pollution and increase in customs duties of auto components. The company focussed on control over costs, working capital and capex, in order to further strengthen its balance sheet. It is expected that the stock will see a price target of Rs 2047 in 8 to 10 months’ time frame.

Despite the challenging environment, Prestige has clocked highest quarterly sales and collections. The new sales were backed by the healthy response to its newly launched project, Prestige Great Acres and the existing inventories across geographies. Prestige Great Acres was sold out within one day of launch without any advertisement campaign. Thus, it is expected that the stock will see a price target of Rs 529 in 8 to 10 months' time frame.

The Company remains committed in its long-term aspiration of delivering sustainable and profitable volume led growth, building on strong brand equity and accelerated focus on emerging businesses and implement of government’s PLI scheme for textile sector. Despite a strong capex plan to support growth in key segments, net debt is expected to remain at Rs 2,400 crore as large capex funding will be done by improving cash flows. It is expected that the stock will see a price target of Rs 193 in 8 to 10 months’ time frame.

The company is doing well and the management believes T&D domestic, Railways and Civil segment would be the main growth drivers. Going ahead, management expects healthy ordering from domestic as well as international market especially from African region, SAARC countries and MENA regions. Thus, it is expected that the stock will see a price target of Rs 555 in 8 to 10 months’ time frame.

According to the management, with about 70% capacity utilisation, along with plans for new additions, the company has enough opportunity to meet carbon black demand in various end markets. Moreover, volume growth may be good driven by improvement in freight movement along with steady pace of road construction, pick-up in mining activity amid government focus on infrastructure and continued e-commerce demand and it would also be aided by prospects for import substitution. It is expected that the stock will see a price target of Rs 294 in 8 to 10 months' time frame.