Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the high stock picks for the week (starting February 3, 2025) are ICICI Bank and JK Cement. Let’s have a look:
ICICI
Target Price: 1550
ICICIB delivered regular progress in a difficult atmosphere, with credit score prices at 37bp, lower-than-expected slippages & RoA of two.36%. 9MFY25 advances progress at 11% YoY, continues to outpace friends. PAT for 3QFY25 grew 15% YoY, pushed by lower-than-expected provisions & managed opex. NII grew 9.1% YoY, led by charge revenue progress of 16.3% YoY whereas treasury beneficial properties stood at ₹3.71b. The financial institution’s robust price management and asset high quality stability supply continued progress potential. With anticipated RoA/RoE of two.2%/16.8% in FY27, the financial institution stays well-positioned to maintain wholesome efficiency and profitability.
JK Cement
Target Price: 5630
JK Cement delivered above estimated outcomes led by greater different working revenue & excessive quantity progress, particularly white cement (up 6% YoY). EBITDA/t was INR1,010 vs. our estimate of INR943/t. With its constant capability additions and cost-saving methods, and rising market share in new areas, JK Cement stays considered one of the high picks in the cement area. We anticipate its income/EBITDA to submit 9%/12% CAGR by FY27E, pushed by 10-15% progress in Govt Capex in FY26E & rising market share of its premium merchandise over subsequent two years. Management expects quantity progress of 7-8% in 4QFY25 and ~10% in FY26.
Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t replicate the views of The Times of India. Always seek the advice of with a certified funding advisor or monetary planner earlier than making any funding selections.
