Home / Business and Economy / HDFC Securities Upgrades 3 Stocks: High Upside Potential Revealed
HDFC Securities Upgrades 3 Stocks: High Upside Potential Revealed
22 Oct
Summary
- HDFC Securities maintains positive outlook on Indian Hotels, Vishal Mega Mart, Mahindra Finance.
- Indian Hotels shows strong demand, Vishal Mega Mart expansion, Mahindra Finance loan growth.
- Vishal Mega Mart offers highest 50% upside, followed by Mahindra Finance and Indian Hotels.
HDFC Securities has reaffirmed its positive outlook on three key companies: Indian Hotels Company Ltd., Vishal Mega Mart Ltd., and Mahindra and Mahindra Financial Services Ltd. This confirmation follows the review of their September-quarter financial results.
The brokerage adjusted target prices for two of the three stocks, reflecting varied earnings trends. Indian Hotels saw its target price increased to Rs 838 from Rs 801, driven by resilient demand and strong growth expectations. Vishal Mega Mart's target was slightly reduced to Rs 135 from Rs 140, acknowledging continued long-term expansion opportunities despite a weaker recent quarter.
Mahindra Finance maintained its 'Add' rating with an unchanged target price of Rs 400. HDFC Securities noted improving loan growth and asset quality for the financial services firm. Based on current market prices, Vishal Mega Mart presents the most significant potential upside of 50%, followed by Mahindra Finance at nearly 35%, and Indian Hotels at approximately 11%.
