₹1 Crore Portfolio for 2024

₹1 Crore Portfolio for 2024 :[EasyDNNnews:PaidContentStart]

BEML LTD
FV : ₹10
BUY: ₹2823.90
Tgt. ₹3380

BEML Ltd produces an extensive array of heavy earthmoving equipment designed for the mining and construction industry. In the consolidated financial results for Q2FY24, the company reported sales of Rs 916.79 crore, reflecting a robust 13.9 per cent increase as compared to Q2FY23, while operating profit showed healthy growth, rising by 59.5 per cent to Rs 68.68 crore. Whereas the net profit saw a 218.5 per cent increase, reaching Rs 51.78 crore. The company is expecting 30-40 per cent growth in defence and aerospace, focusing on high mobility vehicles and armoured recovery vehicles. Moreover, BEML's total order book is at Rs 12,743 crore. BEML is actively developing new defence products and plans to unveil the sleeper version of Vande Bharat trains by March 2024, demonstrating a commitment to enhancing capabilities across defence, rail, metro, and mining sectors. Hence, we recommend a BUY.

HDFC BANK LTD
FV : ₹1
BUY: ₹1705.20
Tgt. ₹2025

HDFC Bank established in August 1994. The bank is involved in offering a diverse range of banking and financial services, encompassing retail banking, wholesale banking, and treasury operations. In the consolidated financial results for Q2FY24, the company reported sales of Rs 75,039.10 crore, reflecting a robust 83.3 per cent increase as compared to Q2FY23, while operating profit showed healthy growth, rising by 29.7 per cent to Rs 24,279.12 crore. Whereas the net profit saw a 55.1 per cent jump, reaching Rs 17,312.38 crore. The outlook for the bank remains optimistic, driven by successful post-merger integration, substantial deposit and loan growth, and a focus on retail mortgages. Despite margin adjustments, the firm demonstrates resilience with increased profits and strong financial metrics. The bank anticipates continued robust growth, supported by a favourable macroeconomic environment and strategic initiatives. Hence, we recommend a BUY. 

HEG LTD
FV : ₹10
BUY: ₹1925.35
Tgt. ₹2400

HEG Ltd, a prominent graphite electrode manufacturer and exporter in India, operates the world's largest single-site integrated graphite electrode plant. As part of the LNJ Bhilwara Group, it is associated with diversified ventures including IT-enabled services, power generation, and textiles. Taking into account the company's financial performance, on a consolidated basis, it reported a total income of 2.7 per cent from Rs 614.17 crore registered in Q2FY24. On the other hand, It has reported a declining EBITDA growth of 34.5 per cent. Similarly, the bottom line also plunged by 59.9 per cent in Q2FY24 61.16 crore. Recently expanding to 1,00,000 tons, the company has become the third-largest producer of graphite electrodes in the Western world. Additionally, it has diversified its customer base by supplying a significant portion of its production to the top 20 steel companies globally. Therefore, we recommend BUY.

MAZAGON DOCK SHIPBUILDERS LTD
FV: ₹10
BUY: ₹2,284.60
Tgt. ₹2850

Established in 1774, Mazagon Dock Shipbuilders Limited (MDL) in Mumbai stands as a prominent shipyard in India. From its humble beginnings as a small dry dock, MDL has transformed into a renowned shipbuilding company. Over the years, it has successfully constructed 801 vessels since 1960, encompassing a diverse range, including warships, submarines, cargo/passenger ships, and offshore platforms. Zooming in the financials, the net sales in Q2FY24 were recorded at Rs 1,827.70 crore as compared to Rs 1,702.36 crore in Q2FY23. Also, the operating profit witnessed a remarkable growth of 52.01 per cent and stood at Rs 428.10 crore in Q2FY24 as opposed to Rs 281.38 crore in Q2FY23. Similarly, the net profit skyrocketed to 303.87 crore showing a growth of 55.08 per cent, whereas, in Q2FY23 net profit stood at Rs 195 crore. The company has secured multiple orders from the Indian defence, fortifying its future prospects. Hence, we recommend BUY.

RELIANCE INDUSTRIES LTD
FV: ₹10
BUY: ₹2,605.80
Tgt. ₹2940

Dhirubhai Ambani founded Reliance and is currently promoted and overseen by his elder son, Mukesh Ambani. The Ambani family holds approximately 50 per cent shareholding in the conglomerate. Analysing the recent quarterly performance of the company, the top line for Q2FY24 stood at Rs 2,34,956 crore, up by 1.2 per cent on a YoY basis. Operating profit for Q2FY24 witnessed growth of 29.8 per cent to Rs 44,809 crore. Net profit for the same on a YoY basis amounted to Rs 19,820 crore. RIL is actively building advanced facilities for the production of innovative materials, green energy, and sustainable chemicals. The company is transforming its Oil-to-Chemical (O2C) business to establish a more sustainable model, emphasising circularity and aiming for a net carbon-zero footprint. As a trailblazer among OMCs, RIL has introduced E20 fuel with a 20 per cent ethanol blend. Hence, we recommend BUY. 

ZYDUS LIFESCIENCES LIMITED
FV: ₹1
BUY: ₹686.90
Tgt. ₹838

Zydus Lifesciences Limited, formerly recognized as Cadila Healthcare Limited, is an Indian multinational pharmaceutical company based in Ahmedabad. Its main focus lies in the production of generic drugs. In the consolidated financial results for Q2FY24, the company reported sales of Rs 4,368.80 crore, reflecting a 9.1 per cent increase as compared to Q2FY23, while operating profit showed healthy growth, rising by 39.6 per cent to Rs 1,200.10 crore. Whereas the net profit saw a 52.5 per cent jump, reaching Rs 779.80 crore. Anticipating USD 100 million in rare disease portfolio revenue over the next 3 years, Zydus Lifesciences aims for sustained growth in the US market, emphasizing innovation and expanding its speciality portfolio. Plans include adding 2-3 products, acquiring late-stage offerings, and launching 30-40 products annually. With a focus on improving margins and achieving double-digit growth in the current year. Hence, we recommend a BUY.

Performance of where to invest in 2023 portfolio

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