Stocks to buy: ITC, Indigo Paints among 10 stocks Sharekhan gives a 'buy' on after Q4 results; check out target price
Domestic brokerage Sharekhan has recommended buying eight stocks across different sectors from cement, and paint to Fast Moving Consumer Goods (FMCG). The revision comes at a time when all listed companies are coming up with their Q4 results.
Here are 10 stocks Sharekhan is upbeat on:
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The Ramco Cements
Bharat Electronics Ltd (BEL)
Grasim
Indigo Paints
ITC
Jubilant FoodWorks
Jubilant FoodWorks
The brokerage has upgraded Jubilant Foodworks to 'buy' from 'hold' with a revised target price of Rs 570 on the back of better earnings visibility, focus on achieving profitable growth in India business, and attractive valuation at 22x and 19x its FY25E and FY26E consolidated EV/EBIDTA.
Sun Pharmaceutical Industries
Sun Pharmaceutical Industries
With a buy' on Sun Pharmaceutical Industries, Sharekhan revised its target price to Rs 1,800 as it believes its superior margin profile and healthy cash balance to enable it to trade at a premium valuation to its peers thus ascribing a PE of 33x on FY26E to arrive at a price target.
Strides Pharma Science
Strides Pharma Science
Sharekhan maintained a 'buy' rating on Strides Pharma Science with an upward revision in target price to Rs 1,050 from Rs 900. As per the brokerage, Q4 numbers were healthy on all fronts, led by higher sales in the North American region due to the launch of Icosapent and Suprep.