November 2023

As we step into the new Hindu calendar year, Samvat 2080, the Indian economy stands poised for a resurgence, fueled by a combination of favorable government policies, rising consumer demand, and a burgeoning infrastructure landscape. Amidst this backdrop of optimism, Kotak Securities, a leading financial services firm, has unveiled its carefully selected eight stock picks for Samvat 2080, each meticulously chosen for its potential to deliver exceptional returns to discerning investors. The eight stocks are: RIL is India’s largest private sector company and is a leader in the energy, petrochemicals, and retail sectors. Kotak Securities believes that RIL’s strong balance sheet and diversified business model will help it to weather any economic slowdown. The brokerage has a target price of ₹2,725 for RIL. Canara Bank is one of India’s largest public sector banks. Kotak Securities believes that Canara Bank’s strong asset quality and improving profitability will help it to outperform its peers. The brokerage has a target price of ₹425 for Canara Bank. Cipla is a leading pharmaceutical company with a strong presence in India and emerging markets. Kotak Securities believes that Cipla’s new product launches and expanding global footprint will drive its growth. The brokerage has a target price of ₹1,320 for Cipla. Cyient is an IT services company with a focus on engineering and design. Kotak Securities believes that Cyient’s strong order book and exposure to growth sectors will drive its growth. The brokerage has a target price of ₹2,000 for Cyient. Dalmia Bharat is a cement company with a presence in eastern India. Kotak Securities believes that Dalmia Bharat’s strong balance sheet and expanding capacity will help it to benefit from the expected growth in the Indian cement industry. The brokerage has a target price of ₹2,350 for Dalmia Bharat. Godrej Consumer Products is a leading FMCG company with a strong presence in India. Kotak Securities believes that Godrej Consumer Products’ focus on innovation and brand building will drive its growth. The brokerage has a target price of ₹1,135 for Godrej Consumer Products. Macrotech Developers is a leading real estate developer with a presence in Mumbai and other major Indian cities. Kotak Securities believes that Macrotech Developers’ strong brand and execution track record will help it to benefit from the expected growth in the Indian real estate market. The brokerage has a target price of ₹840 for Macrotech Developers. PCBL is a leading manufacturer of cables and wires. Kotak Securities believes that PCBL’s strong order book and expanding capacity will help it to benefit from the expected growth in the Indian infrastructure sector. The brokerage has a target price of ₹260 for PCBL. Kotak Securities believes that these eight stocks are well-positioned to deliver strong returns over the long term. Investors should consider these stocks for their investment portfolios.