Top 3 buy stocks recommended by HDFC Securities in the next 2-4 quarters

HDFC Securities top stock picks ,

J Kumar Infra: The brokerage believes that J Kumar Infra is one of the major beneficiaries of the government’s increased focus on the urban mobility sector over the next few years. Its focus on margin and cash flow generation is good from a long-term perspective.

“We think the stock’s base case is fair value 343 and the bull case has a fair price 364 in the next two-three quarters. Investors can buy stocks in the band 307-313 Add More On Dips 270-276 band,” it suggested.

LG Balakrishnan: “Given the strong growth in the domestic 2W market, we remain bullish on the company’s prospects in the medium term. Its replacement sales will continue to grow given the large 2W base and the imminent danger of EVs in 2W allaying some concerns that use minimal transmission products. We believe that investors can buy this stock on a fall in the K band 675-685 Add more on dips 607-617 band for a reasonable price for the base case Reasonable Value of 770 and Bull Case 838 in the next 2-3 quarters,” said HDFC Securities,

Mahindra Lifespace: Mahindra Lifespace is one of the few organized players with a strong balance sheet and benefits from attractive cost of capital which enhances its competitive position. Minimum inventory, negligible debt (considering deferred land payments); Brokerage highlights, the company is well poised to acquire new projects to ride the upcycle.

“We are positive on the company and have arrived at a NAV-based base case target price Target 479 and Bull Case 521. Investors Can Buy Stocks in Bands Add more on 432-440 more dips 391-398 band for a time horizon of three-four 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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