ITC, HDFC AMC, Minda Industries And More - Top Stock Picks For July: KRChoksey

KRChoksey Research Report

Investment period: six months. Research idea: Fundamental

ITC Ltd. - We expect ITC to deliver strong revenue growth due to strong discretionary demand, continued recovery in cigarettes, improving key performance indicators of the hotels business, and stable performance of other segments.

HDFC Asset Management Company Ltd. - HDFC AMC's has a diverse and customized product mix that meets the investors' needs. The company's wide range of savings and investment product portfolio facilitates it to effectively manage multiple market cycles minimizing the concentration risk in a specific asset class. In addition, the company has entered a broad distribution partnership to fuel the business growth momentum.

Minda Industries Ltd. - Minda Industries has dominant market share across products (four wheeler/two-wheeler switches: ~55%/65%, lighting/horns: ~20%/50%, respectively). The company has granted approval under Component Champion incentive scheme under production linked incentive March 22, 2022. Minda Industries has increased stake in Minda Kosei from 70% to 77.35% and completed consolidation of four partnership firms as on March 2022. We are positive on the business of Minda Industries which has a more focused towards premiumisation across segments and robust order wins during the year.

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

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