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Emkay Global Alpha Portfolio: ICICI Bank, Infosys, SBI, Tata Motors, Bharat Forge, others in high-conviction buy list

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Emkay Global Alpha Portfolio: ICICI Bank, Infosys, SBI, Tata Motors, Bharat Forge, others in high-conviction buy list

Sep 3, 2021 3:29 AM

Emkay Global Alpha Portfolio: ICICI Bank, Infosys, SBI, Tata Motors, Bharat Forge, others in high-conviction buy list

SUMMARY

Domestic brokerage firm Emkay Global is bullish on large-cap stocks such as ICICI Bank, Infosys, SBI, and others. In the mid-cap space, its Alpha Portfolio includes stocks such as Ashok Leyland, Bharat Forge, Radico Khaitan, etc. The sector and stock selection reflect its bias toward themes of capex revival (infrastructure, corporate capex, and residential real estate), pick-up in discretionary consumption (pent-up demand post unlocking, festive season), rural resilience, global growth, and exports. The brokerage is meaningfully ‘overweight’ on Banks and Autos/Auto ancillaries, and significantly ‘underweight’ on Consumer Goods on expensive valuations.

By CNBCTV18.comSept 3, 2021 12:29:26 PM IST (Published)

ICICI Bank | Buy | Target Price: Rs 825

Infosys | Buy | Target Price: Rs 1,900

SBI | Buy | Target Price: Rs 600

BPCL | Buy | Target Price: Rs 535

Shree Cement | Buy | Target Price: Rs 31,200

Tata Motors | Buy | Target Price: Rs 400

Ashok Leyland | Buy | Target Price: Rs 155

Bharat Forge | Buy | Target Price: Rs 920

Birlasoft | Buy | Target Price: Rs 500

Radico Khaitan | Buy | Target Price: Rs 1,000

Westlife Development | Buy | Target Price: Rs 630

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