Stocks to Buy: Indian Hotels, CDSL among 4 stock picks by Yes Securities for the month of May 2024
Indian Hotels Company, Central Depository Services (India) Ltd (CDSL) , Welspun Enterprises , Sterling and Wilson Renewable Energy (SWSOLAR) are the four stock picks by Yes Securities for the month of May'2024. Central Depository Services (India) Ltd (CDSL).
The Target Price at RS 2554 by Yes Securities for CDSL share price trading at ₹2126 levels indicates around 21% upside for the CDSL share price CDSL's growth as per Yes Securities is poised for resurgence, driven by the rebound in market linked revenue (transactions, IPOs, and KYC) and a robust annuity stream (annual issuer charges and e-CAS). Additionally, incremental revenue from the mandatory Demat of new insurance policies (effective April 2024) and unlisted companies (Private Ltd) is expected to fuel growth in FY25 Also Read- Almost 100% potential upside! Citi says stars finally aligning for Vodafone Idea; sees it hitting ₹25 in bull case Welspun Enterprises- The Target price of Welspun Enterprises share as per Yes Securities at ₹480 for the trading at ₹369 levels indicates around 30% upside for Welspun Enterprises share price.
The recent win of the BMC project worth Rs. 4120 Crore highlights the management's consistent ability to secure projects as per Yes Securities.
The current order book of EPC Projects stood at ₹12650 Crore on 1st March 2024. For the 9 months FY24, Net profit of Welspun Enterprises at ₹220 Crore, revenue CAR (compound annual growth rate) of 22% over 5 years, and a total portfolio of RS 25600 Crore provide a strong revenue growth visibility in the future as per YEs Securities, which coupled with the rise in Government investment, particularly in water and road infrastructure.
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