HDFC Bank, Birla Corp, Muthoot Capital Services And More - Top Investment Picks For Diwali 2022: Nirmal Bang

Nirmal Bang Report

HDFC Bank Ltd. - HDFC Bank has consistently grown its market share in loans and deposits across credit cycles and has emerged as the best-managed bank in India with robust profitability, growth and asset quality metrics. Focus on fee income growth, continuous investments in digital initiatives, and controlled credit costs backed by strong underwriting have enabled the bank to outperform its peers.

Birla Corporation Ltd. - Birla Corp is aiming to be reach 30 million tonnes per annum by 2030. The company completed its major capacity expansion of 3.9 mtpa greenfield unit at Mukutban in April 2022 which is expected to significantly aid in company’s sales volume and profitability . Birla Corp has undertaken various measures to control its input costs. Company has increased extraction of coal from its captive mines. The stock is trading at attractive valuation of 6.9 times FY24 enterprise /Ebitda.

Muthoot Capital Services Ltd. - Kerala based two-wheeler financing non-banking financing company with total assets under management of Rs 2088 crore. South India forms ~67% of its AUM. Promoter i.e. Muthoot Pappachan group enjoys strong brand and credibility with operations spanning gold loans, microfinance, housing finance and two-wheeler finance with combined AUM more than Rs 25,000 crore.

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