Recommendation from Telecommunication - Service Provider and Watches & Accessories Sectors

This section gives you some of the momentum stocks which are in buzz for past few days and are expected to give quick returns in a 15-day horizon.

BHARTI AIRTEL LTD

CMP - ₹1,144.15
BSE CODE 532454
Volume 2,01,421
Face Value ₹5
Target ₹1,240 - ₹1,260
Stoploss ₹1,100 (CLS)

Bharti Airtel, headquartered in New Delhi, is a global telecommunications leader known for its ICT services. Trusted by consumers worldwide, it operates across the USA, Europe, Africa, the Middle East, Asia-Pacific, India, and SAARC regions. It consistently maintains its position among the top three mobile service providers globally. Assessing the financial performance of the company on a consolidated basis, it reflected a modest growth of 5.85 per cent from ₹35,804.40 crore in Q3FY23, reporting a total revenue of ₹37,899.50 crore in Q3FY24. The net profit, on the other hand, witnessed a significant decline of over 27 per cent, reaching ₹2,173.20 crore, compared to ₹2,982.10 crore in the corresponding quarter of the last year. With shares having climbed around 46 per cent over the past year, and considering their 52-week high of ₹1,200 on the BSE, there appears to be further upside potential for the stock. Hence, we recommend BUY.

Ethos Ltd

CMP - ₹2,496.00
BSE CODE 543532
Volume 6,331
Face Value ₹10
Target ₹2,690 - ₹2,740
Stoploss ₹2,365 (CLS)

Ethos stands as India’s renowned luxury and premium watch retailer, boasting the largest market presence in the country. With a robust network of over 60 stores across India and an impressive portfolio featuring over 60 esteemed luxury watch brands, the company commands a considerable market share. Among the prestigious brands offered at Ethos are Rolex, Alpina, Anonimo, Arnold & Son, Bell & Ross, Bovet, Doxa, and Ebel, showcasing the breadth and exclusivity of its collection. When evaluating the financial performance of the company on a consolidated basis, there was a notable revenue growth of 22.44 per cent, gaining from ₹229.68 crore in Q3FY23 to report a total revenue of ₹281.22 crore in Q3FY24. The net profit also experienced an impressive gain of over 23 per cent, reaching ₹25.37 crore, as compared to ₹20.57 crore in the corresponding quarter of the previous year. Despite delivering multibagger returns of around 145 per cent over the past year, the shares are presently trading at ₹2,413 on the BSE, marking a decline of about 10 per cent from their 52-week high. Hence, we recommend BUY.