HDFC, Bharti Airtel, HUL To Ultratech: Motilal Oswal’s Top 5 Stocks Picks In September | Check Target Price

Stocks to Buy: Shares of HDFC Bank, Bharti Airtel, Hindustan Unilever Limited, Ultratech Cement, and Nippon India AMC are likely to see their valuations grow in the coming months, given their strong quarterly earnings and positive business outlook.

Considering these factors, Motilal Oswal has kept these stocks in its list of 'Focus Investment Ideas' for the September. According to the brokerage, these large-cap stocks can see up to 21% growth in their valuation. Here is the target price for Motilal Oswal's large-cap stock picks.

HDFC Bank Target Price

HDFC Bank shares closed 0.09% lower at Rs 964.9 per share on BSE with a market capitalisation of Rs 14,81,515.13 crore on Tuesday. The stock dipped to an intraday low mark of Rs 806.70 per share and an intraday high mark of Rs 974.50 per share.

Motilal Oswal, in its report, gave a 'Buy' rating for HDFC Bank stock with a target price of Rs 1,150 per share, indicating an upside of 21%. HDFC Bank is poised for strong growth, supported by rural recovery, strong asset quality, and other factors, highlighted Motilal Oswal.

Bharti Airtel Target Price

Bharti Airtel shares closed 0.33% lower at Rs 1,893 per share on BSE with a market capitalisation of Rs 10,79,608.11 on Tuesday. The stock touched an intraday high mark of Rs 1903.80 per share and an intraday low mark of Rs 1883.70 per share on BSE on Tuesday.

The telecom company is well-positioned to build long-term valuation because of its strong premiumisation strategy, cash flow generation, and revenue growth, highlighted Motilal Oswal. The brokerage has fixed a target price of Rs 2,285 per share for Bharti Airtel, indicating a 21% upside in its valuation.

Hindustan Unilever Share Price Target

The FMCG stock closed 0.33% lower at Rs 2,642.45 per share on BSE with a market capitalisation of Rs 6,20,914.73 crore on Tuesday. The stock touched an intraday high mark of Rs 2647.10 per share and an intraday low mark of Rs 2609.90 per share on BSE.

Being a structurally strong player in the FMCG sector, Hindustan Unilever, is likely to benefit from the recovery in consumption in the rural sector, lower inflation, supportive policy measures, and other factors, according to Motilal Oswal. The brokerage has given a target price of Rs 3,000 per share on BSE with an upside of 14%.

Ultratech Cement Shares Target Price

Ultratech Cement shares closed 0.77% lower at Rs12570.40 per share on BSE on Tuesday. Motilal Oswal has fixed a target price of Rs 14,600 per share for Ultratech Cement with an upside of 16%.

"GST rate cut on cement (28%→18%) may reduce end prices, sentimentally supporting demand despite limited elasticity. We project consolidated revenue/EBITDA/PAT CAGR of 14%/25%/30% over FY25-28, with ~12% volume CAGR," stated Motilal Oswal in its report.

Nippon AMC Shares Target Price

Nippon Life India Asset Management Company's shares closed 0.59% higher at Rs 807.6 per share on BSE with a market capitalisation of Rs 51,368.36 crore,

Motilal Oswal has fixed a target price of Rs 930 per share for Nippon AMC stock indicating a 15% upside in its valuation. "Strong traction in MF along with diversification in new segments will drive 14%/16%/15% CAGR in revenue/EBITDA/PAT over FY25-27E," noted Motilal Oswal in its report.

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