Five fundamental stocks you can bet on to give a boost to your portfolio

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₹247.4 and the bull case fair value is ₹273.65 over the next three-four quarters. Investors can buy the stock in the band of ₹222-228 and add more on dips to ₹195-201 band," said HDFC Securities. HDFC Securities pointed out HUDCO has off late ventured into corporate lending activities for urban infrastructure including power, lending to Gridcos in states.

"We expect the loan book of the company to grow at a conservative CAGR of nearly 8 per cent over FY23-FY25E. PAT is expected to grow at 11.4 per cent CAGR on account of, stable spreads and contained credit costs. Most of the concerns seem to be reflected in the price and the stock is available at an inexpensive valuation and offers an attractive dividend yield (FY23 dividend ₹3.85)," HDFC Securities said.

"We believe investors can buy the stock in the band of ₹58-59 and add on dips in ₹52-53 band (0.63 times FY25E ABV) for base case fair value of ₹65 (0.78 times FY25E ABV) and bull case fair value of ₹71 (0.85 times FY25E ABV) in the next 2-3 quarters," said the brokerage firm. NLC reported encouraging H2FY23 (second half of FY23) numbers. Given the expansion of the company in coal-based thermal plants, coal mining and significant renewable capacity addition, NLC is expected to continue to do well.

Increasing electricity demand and power reforms undertaken by the government provide a stable business environment. The company is expected to exhibit considerable revenue and PAT growth from its existing level. "We expect revenue, EBITDA and PAT to increase at a CAGR of 13 per cent, 14 per cent and 26 per cent, respectively, over FY23-25E.