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Stocks to buy: Brokerage firm Axis Securities picks 16 stocks for short-term growth, foreseeing a surge of 10-31%. Largecap choices feature ICICI Bank, SBI, Varun Beverages. Midcap favorites include Aurobindo Pharma, Lupin. Smallcap top picks are JTL Industries, PNC Infratech.
Britannia Industries anticipates a 1.5% YoY PAT decline to Rs 551 crore due to price cuts. Revenue growth expected. Key monitorables include rural demand trends, new launches, and distribution expansion.
ICICI Bank's four-fold jump in stock price since 2018 reflects investors' faith in the private lender ever since Sandeep Bakhshi donned the heavy hat from Chandra Kochhar
49 companies, including Adani Enterprises and Coal India, will announce Q4 results today. Notable companies include Dabur India, Federal Bank, Digicontent, Blue Star, Ajantha Pharma, JBM Auto and KPR Mills.
Dabur India likely to announce Q4FY24 net profit of Rs 313-341 crore. The range of profit after tax (PAT) for Q4FY24 is between Rs 341 crore and Rs 313 crore. The highest among the estimates is given by brokerage Axis Securities while the lowest by Anand Rathi. Key areas of focus include EBITDA margins, international business growth, and OPM improvement.