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HDFC Securities Retail Research
We continue to favor domestic oriented businesses and favor opportunities like healthcare, defence, banking, entertainment and infrastructure for the next year. With a focus on these themes, here are our 10 picks for Samvat 2079. These stocks have robust fundamentals and some margin of safety in their valuation to offer superior returns to investors.
Bharat Electronics Ltd. - BEL, one of India’s largest defence public sector undertakings, specialises in manufacturing defence electronics and is emerging as a key beneficiary of the increase in defence capital expenditure. BEL continues to enjoy an advantage over its competitors due to its leading market position, proven track record and association with the armed forces, established infrastructure and manufacturing facilities, along with strong research and development capabilities.
Aster DM Healthcare Ltd. - The company has kicked-off a low capex brownfield expansion. It plans to add 500-700 beds via an asset-light model, by taking over operations and management of existing hospitals. To expand its healthcare offerings for its patient base, the company is actively expanding Aster Labs and its pharmacy distribution network in India. These are an extension of the hospitals and will connect patients, especially for primary care, with its hospitals. Better case mix, price hikes and expansion in tier-I cities are likely to improve its average revenue per occupied bed. Medical tourism could find traction due to its focus on specialties.
TCI Express Ltd. - The express logistics industry is expected to clock robust growth, with growing demand for faster delivery, government initiatives, policy support, improved road connectivity and reducing turnaround times. Given its wide network of branches and balanced mix of large corporates, TCI Express is well positioned to capitalise on growing market opportunities and deliver long-term sustainable growth through its asset-light and comprehensive express offerings.
Click on the attachment for full list of HDFC Securities Retail Research's Diwali stock picks:
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