Rationale for 2018 Diwali Muhurat Picks
Muhurat Picks Samvat 2075
Ashok Leyland: 2nd largest CV manufacturer, improving CV cycle augurs well for Ashok Leyland who is expanding product portfolio to meet the demand from all the segments.
Bajaj Finance: Best franchise among asset finance NBFCs with sustained earning performance and steady asset quality supported by positive ALM and strong balance sheet liquidity.
Cipla: US sales are expected to improve with ramp up in limited competition products; domestic franchise remains strong.
Hindustan Unilever: Stable demand outlook, growing rural market ahead of urban at 1.25x in terms of volumes provides sufficient earnings visibility.
ICICI Bank: Amongst the largest private banks in the country with strengthening liability franchise; moderation in credit costs and leadership change to drive growth forward.
L&T Infotech: Ramp up of steadily secured large deals, mining of new logos and healthy deal pipeline to help sustain the momentum over FY20. Underutilized margin levers and INR depreciation to drive margin expansion.
Minda Industries: Big beneficiary of upcoming regulations and premiumization of 2W & PV segment along with rising demand.
Mold-Tek Packaging: Improved volume outlook from Paints and Food & FMCG customers with growing pie of F&F aiding strong margin delivery.
Reliance Industries: Retail business and Jio-two the major factors of growth, introduction of GigaFiber and acquisition of Hathway and Den to be the catalysts. Petchem business to continue to grow at steady pace.
Steel Strip Wheels: Improving CV demand to help higher utilization of CV lines thus shifting the volume mix in favour of heavier & highly profitable wheels.
Titan Company: Growth momentum to sustain led by growing market share and new product launches to fill product portfolio gaps.
Trident: Improving capacity utilization following restocking by US retailers augurs well for the company. Operating leverage help improve margins.