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HDFC Bank – Objective 1,110 ₹; 14 % increase | SBI SECURITIES expects HDFC Bank to rebound strongly, providing for 10 % loan growth during fiscal year 26 and 13 % during financial year 27. Robust deposit growth and a balanced financing mix should feed its next expansion phase.
2 / 15TVS engine – Target 3,975 ₹; Increase of 13.2% | TVS Motor is well placed to benefit from the rural recovery and the vigor of exports. The brokerage company quotes GST 2.0 and the lever effect of capacity as the main margin engines throughout the exercises 26-27.
3 / 15Apollo hospitals – Objective 8,675 ₹; Increase of 13.2% | The visibility of Apollo Hospital’s profits remains solid, supported by a higher occupancy rate, digital expansion and light growth in assets. SBI SECURITIES maintains positive perspectives in the long term.
4 / 15Indian Bank – Objective 875 ₹; Increase of 15.4% | Indian Bank should display regular growth in NII, PPOP and PAT, each reaching a TCAC of around 10 %. The action is negotiated in attractively 1.1x the accounting value of the financial year 27, said the brokerage house.
5 / 15Ashok Leyland – Target 170 ₹; 23.2% increase | SBI Securities notes an improvement in the margin at Ashok Leyland, thanks to the reduction in input costs, a favorable composition and a pricing discipline. The action is negotiated at 20.5x the benefits of financial year 27, offering a solid potential of increase.
6 / 15Jubilant Foodworks – Objective 720 ₹; Increase of 15.5% | The brokerage company expects the rationalization of TPS stimulating consumption and the demand for QSR. The reduction in input costs and the increase in sales at comparable stores could strengthen the growth dynamics of Jubilant Foodworks.
7 / 15Nalco – Objective 260 ₹; 19.7% increase | SBI Securities considers that operational efficiency and production growth are the engine of Nalco’s performance. The title is negotiated at 6.1x EV/EBITDA for financial year 27, with strong prospects for resumption of demand.
8 / 15NSDL – Target 1,380 ₹; Increase of 15.2% | NSDL is considered a proxy game for the resumption of the market, with income and a PAT which should grow from 5 % and 14 % TCAC until financial year, according to SBI Securities.
9 / 15Azad Engineering – Objective 2 105 ₹; 22.5% increase | SBI SECURITIES expects ZAD Engineering to reach a TCAC PAT of 42.7 % until exercise 27. The solid company orders book and growth in aerospace and energy components support optimism.
10 / 15Oswal-target pumps ₹ 970; 25.2% increase | Oswal Pumps is expected to display a TCAC of more than 30 % in terms of income and profits until financial year 27. Solid expansion plans and operational efficiency support the highest upper increase in the list.
11 / 15Subros Ltd – Objective ₹ 1 355; Increase of 21.2% | Subros should benefit from the ascending cycle of the PV/CV industry and the TPS discounts, thus causing higher volumes. An accommodating monetary policy brings other favorable factors.
12 / 15Indian metals and ferrous alloys – Objective 1,415 ₹; Increase of 21.7% | IMFA aims to accelerate ferrochrome production as part of its expansion in Kalinganagar. The title is negotiated with a modest p/e of 12x for exercise 27, with visibility of constant growth.
13 / 15Fiem Industries – Objective 2,340 ₹; 22.5% increase | Fiem Industries should benefit from the resumption of two-wheelers and the transition of LED lighting. Entering the photovoltaic segment offers additional growth engines.
14 / 15Swaraj engines – Objective 5 112 ₹; 24.2% increase | TPS reductions on tractors should stimulate the replacement request. With a dividend yield of 3 % and a high distribution rate, Swaraj Engines offers both growth and attraction in terms of income.
15 / 15Pondy Oxides & Chemicals – Objective ₹ 1,530; 23.4% increase | Pocl diversified recycling activities and the upcoming expansion of phase 2 support strong growth. The entry into the recycling of lithium-ion aligns with its 2030 TCAC vision of 20 %+.
