Stock recommendations are advice from financial experts telling investors whether they should buy, sell, or keep certain stocks based on their analysis of the market.
A buy call recommendation tells investors to purchase a stock because it’s expected to rise in value based on favorable analysis.
Here are two financially strong stocks recommended by analysts with high-growth potential of up to 14 percent:
HCL Technologies Limited
HCL Technologies Ltd provides software and IT infrastructure services, including IT infrastructure management, digital process operations, cloud-native services, cybersecurity, digital and analytics, and engineering and R&D services.
With a market capitalization of Rs.4.9 lakh crore, the share price of HCL Technologies Limited closed at Rs.1,807.05 per share, rising 3.13 percent from its previous close.
Motilal Oswal, a prominent brokerage firm, has recommended a buy call on HCL Technologies Limited with a target price of Rs.2,000 per share, indicating an upside potential of 10.68 percent.
The brokerage feels, the strong demand for chip design and HCL Technologies’ chip-to-cloud offerings, combined with its engineering and IT services, position it well to capitalize on semiconductor demand.
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In Q1FY25, HCL Technologies reported a 6.7 percent year-on-year revenue increase to Rs.28,057 crore and a 20.6 percent rise in net profit to Rs.4,259 crore.
UltraTech Cement’s product range includes tile adhesives, repair, and waterproofing products, industrial and precision grout, plasters, masonry products, and lightweight autoclaved aerated concrete blocks.
With a market capitalization of Rs.3.29 lakh crore, the share price of UltraTech Cement Limited closed at Rs.11,425 per share, rising 1.1 percent from its previous close.
Citi Group, an international wealth management firm, has recommended a buy call on UltraTech Cement Limited with a target price of Rs.13,000 per share, indicating an upside potential of 13.78 percent.
Citi Group’s buy call on UltraTech Cement Limited is driven by expectations of increased sales volumes and cost reductions, which are anticipated to enhance profitability. The firm also notes the company’s strong positioning in the market and its plans for capacity expansion.
In Q1FY25, UltraTech Cement reported a 1.9 percent year-on-year revenue increase to Rs.18,070 crore and a 0.3 percent rise in net profit to Rs.1,695 crore.
Written by – Siddesh S Raskar
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