HDFC Securities advises to buy these 2 stocks in the next 2 quarters. its top picks

HDFC Securities’ top stock picks ,

Metro Brand: Metro is one of the leading Indian footwear specialty retailers with presence in India, with the right mix of brands (three umbrella brands + two EBO tie-ups) providing opportunities for growth going forward. In line with the ongoing trend of e-commerce adoption in the footwear space, Metro has enhanced capabilities with different platforms for its three umbrella brands and is also expanding its digital presence. In addition, the company is also very efficient at cost optimization and profit generation, the note said.

“Metro’s Asset Light Business Model with an efficient business model, growth potential in third party brands, strong fundamentals with strong revenue and profitability growth, zero debt position and strong promoters and experienced management team brings a positive outlook on the stock. ,” it said.

“Investors Can Buy In” Add more on 571-583 band and depreciation of Rs. 506-516. The fair value of the base case stock is 634 and the fair value of the bull case stock is 683 in the next 2 quarters.

Suprajit Engineering: SEL is well positioned on improving automobile demand. According to the brokerage, the acquisition of Kongsberg’s light cable division will provide it with low-cost manufacturing facilities as well as a footprint in the larger markets of China and North America.

“SEL will continue to trade at a premium in the cable segment given its market leadership, strong return profile, strategic acquisitions and diversification of revenue. We believe investors can buy into the stock 355-363 Add more on Bands and Dips Band 315-323 for a reasonable price for the base case 395 and the fair value of the bull case 433 in the next two quarters,” it added.

The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

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