Key Points
The Indian stock market indices scaled new peaks on Tuesday with the benchmark Sensex crossing 75,000 level for the first time and the Nifty 50 soaring to a record high level of 22,700..
Yes Securities has recommended four stocks to buy in April which it believes have the potential to deliver decent returns of around 20-27% in a period of 12 months..
With steadfast focus on downstream businesses for Aluminium and Copper, emphasis on cost optimization projects to ensure global competitiveness, sustainably strong earnings outlook in the light of upcoming capex and a discernable bottoming of global Aluminium prices make Yes Securities bullish on Hindalco Industries..
Commanding more than 50% of EBITDA earnings share, Novelis profitability is largely insulated from the LME Aluminium pricing risk. Hindalco is focused on expanding its downstream businesses, which are high-margin markets in India as well as for Novelis, the broking firm noted..
Federal Banks improved visibility on the diversification of asset profile outside its core geographies, sustained market share gains on both asset and liabilities, traction in the new retail products with adequate seasoning, build-up of other non-interest revenue streams, along with a sustained diversification in operating geographies comparable to peers will trigger a re-rating in the stock, said the brokerage firm..
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