IndusInd Bank, Zydus Lifesciences, Anupam Rasayan And More - Top Stock Picks For September: KRChoksey

IndusInd Bank, Zydus Lifesciences, Anupam Rasayan And More - Top Stock Picks For September: KRChoksey

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BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Research Report

IndusInd Bank Ltd. - IndusInd Bank is one of India's fastest-growing private banks. It commenced its operations in 1994 and currently caters to consumer as well as corporate segments. The bank is well-positioned to seize opportunities and achieve strong credit growth, bolstered by a robust liability franchise.

Zydus Lifesciences Ltd. - Strong growth in the U.S. segment with volume share gain in the base business, new product launches, and a strong pipeline of complex products expected to be launched in FY23 and ahead, in the U.S.; likely improvement in India business sales due to waning of base effect; and keen focus on achieving Ebitda margins of around 20.0% in FY23, are key positives.

Anupam Rasayan India Ltd. - We are positive on the Anupam Rasayan’s business outlook owing to consistent innovation, cost optimisation and benefits of backward integration on account of completion of ‘Tanfac Industries’ acquisition. Anupam has planned a capex worth Rs 2,500 million in order to execute the strong order book where it expects asset turnover ratio of 1.75 times with an incremental return on capital employed of 20% from these orders.

Click on the attachment for the full list of KRChoksey’s top stock picks for September 2022:

KRChoksey Top Idea Picks September 2022.pdf
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