Stock Picks for 2023
As we head in to the new year, here is a list of some stocks that are likely to deliver a good performance in 2023. The research has been done our in-house team and following are some of the stocks which be on the radar of investors. While some of these have delivered above returns this year also, they are expected to continue their upward run. Similarly, some of those that delivered average returns this year are expected to outperform next year.
The targets are conservative targets and the time period for achieving these is one year. Investments should be made equally in each stock to have a proper risk management.
|
Stock |
CMP on 30 Dec 2022 |
Expected 1Y upside |
Conservative Target |
|
Axis Bank |
933 |
40% |
1320 |
|
BEL |
100 |
35% |
135 |
|
Eicher Motors |
3227 |
30% |
4100 |
|
GAIL |
96 |
35% |
130 |
|
Indian Bank |
285.4 |
35% |
420 |
|
M&M Finance |
234.6 |
30% |
320 |
|
Mahindra & Mahindra |
1249 |
33% |
1650 |
|
Polycab |
2569 |
35% |
3250 |
|
Praj Industries |
356.1 |
50% |
550 |
|
United Spirits |
877.5 |
32% |
1200 |
Axis Bank : It is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
Bharat Electronics Ltd (BEL) : It is a PSU under the administrative control of the Department of Defence Production, Ministry of Defence. Bharat Electronics Limited manufactures and supplies electronic equipment and systems to defence sector. Other than defence sector, the Company has a presence in the civilian market also.
Eicher Motors : It is engaged in the manufacturing and selling of motorcycles, spare parts and related services. It is more popularly know as the owner of the iconic motorcycle brand “Royal Enfield”. It also has a collaboration with Volvo to manufacture commercial vehicles.
Gas Authority of India Limited (GAIL) : It is the largest state-owned natural gas processing and distribution company in India. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, Liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc.
Indian Bank : It is one of the oldest PSU banks in India. In 2019, Government of India announced Amalgamation of Allahabad Bank – a bank with 155 years legacy into Indian Bank. The Bank commenced its operation as an amalgamated entity from 1st April 2020. The integration of CBS systems of both the Banks was completed on 14.02.2021.
M&M Financial Services : It is a Non- Banking Financial Company (‘NBFC’) engaged in providing asset finance through its pan India branch network. It is amongst the top tractor financers in India, and also acts as a financing arm for its parent company M&M’s commercial vehicles and SUVs, apart from offering home and personal loans.
Mahindra & Mahindra (M&M) : It is the flagship Company of the Mahindra Group. offer a wide range of products and solutions ranging from SUVs, pickups, commercial vehicles and tractors, to electric vehicles, two-wheelers, gensets and construction equipment. It has steadily been gaining market share in the auto industry with popular models like the Scorpio and XUV 700.
Polycab : It is the largest manufacturer of Wires and Cables in India and fast growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of Engineering, Procurement and Construction (EPC) projects. The Group owns 23 manufacturing facilities, located across the states of Gujarat, Maharashtra, Uttarakhand, and U.T. Daman.
Praj Industries : It is engaged in the business of process and project engineering. The company caters to both domestic and international markets. one of the most reputed and technologically advanced biotechnology and engineering companies in the world. bouquet of sustainable solutions for bioenergy, high purity water, critical process equipment, breweries and industrial wastewater treatment.
United Spirits : United Spirits is engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands.
