2 Midcap & 1 Small Cap Stocks Buy, Accumulate, & Hold As Recommended By Geojit

Buy - NCC Limited

Geojit has assigned a "buy" to the stock of NCC with a target price of Rs 107/share. It sees a potential upside of 21% from its current level. The stock last traded at Rs 89/share. It gained 42.86% in 1 year, and 150% in 3 years, respectively. It has fallen 32.42% in 5 years.

The brokerage said, "Given the strong order book, pick up in execution and benign input prices, we increase FY23/FY24/FY25 earnings estimate by 10%/6%/3% respectively. We maintain Buy rating and value the stock at a P/E of 9x on FY25E EPS with a TP of Rs.107."

About the Stock - NCC Ltd (NCC) is one of the largest, well-diversified construction companies in India, with a foothold in every segment of the construction sector. It is a Construction & Engineering sector midcap stock having a market capitalisation of Rs 5,587.83 crore.

Accumulate - Apex Frozen Foods Ltd.

Geojit assigned "Accumulate" to Apex with a target price of Rs 250/share. The brokerage claims a potential upside of 18% from its current level. The stock last traded at Rs 213.05/share. The stock declined 21.51% in 1 year, 21.49% in 3 years and 70.16% in 5 years, respectively.

Geojit said, "We revise our target price to Rs. 250 (from Rs. 364 earlier) to account for weak demand and higher cost but maintain an Accumulate rating due to recent sharp correction in stock price."

About the Company - Apex Frozen Foods Ltd. (Apex) is a South India (Andhra Pradesh) based integrated producer and exporter of processed shrimps with a capacity of 29,240MT. It is an Aquaculture sector small-cap company having a market capitalisation of Rs 665.78 crore.

Hold - Finolex Cables Limited (FCL)

Geojit rated recommends "Hold" the stock of FCL with a target price of Rs 784share. The stock is likely to surge up to 12% from its current level. The stock last traded at Rs 705.70/share. The stock gave 70.27% positive return in 1 year, and 117.27% in 3 years, respectively. However, it declined by 1.57% in 5 years.

Geojit said, "We value FCL's core business at a P/E multiple of 14x on FY25E and value FCL's investments in Finolex Industries at Rs.124 to arrive at a SOTP price target of Rs.784 and downgrade to Hold."

About the Company - Finolex Cables Ltd. (FCL) is India's largest manufacturer of electrical (80% of revenue) and telecommunication cables (16%). FCL has a wide distribution network with a high brand recall. It is an Electrical Equipment sector midcap company having a market capitalisation of Rs 10,792.93 crore.

Disclaimer

The stocks have been picked from the brokerage reports of Geojit. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.