Stocks To Buy, Sell And Hold Post Quarterly Results By Motilal Oswal
Companies have begun declaring their quarterly results and accordingly brokerages are deciding on a buy, sell or hold calls.
Here is what Motilal Oswal has said on select stocks post quarterly numbers. Buy HDFC Bank stock, with a price target of Rs 1930
According to Motilal Oswal, HDFC Bank reported an in-line quarter with increased traction in Core PPoP and NII growth, even as margins remained stable.
Loan growth was driven by sustained momentum in the Retail segment and robust growth in Commercial and Rural banking.
Asset quality ratios remained robust, while the restructured book moderated to 42 bp of loans.
Healthy PCR and a contingent provisioning buffer should support asset quality.
Avenue Supermarts ( Dmart): Neutral
Motilal Oswal is neutral on the stock of Avenue Supermarts post the quarterly numbers.
DMART added four stores in 3 QFY 23 and 22 stores in 9 MFY 23, taking the total count to 306.
We have cut our full- year store addition estimate from 45 to 40 stores, taking the total store count to 324, implying 18 new stores in 4 QFY 23.
Wipro: Neutral post quarterly numbers
Motilal Oswal has a neutral rating on the stock of Wipro as well.
"We raise our FY 23 and FY 25 EPS estimate by 4 % but lower our FY 24 EPS estimate marginally to factor in weaker growth next year due to a lower exit rate in 4 Q.
Our target price implies 16 x FY 24 E EPS," the brokerage has said.
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By Sunil Fernandes Goodreturns source: goodreturns.in Dailyhunt