PI Industries, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 52184.21 Crore) operating in Pesticides/Agro Chemicals sector.

Grasim Industries, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 114633.03 Crore) operating in Diversified sector.

LTIMindtree, incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 133061.09 Crore) operating in IT Software sector.

The stock trades at 17.7x/15.6x FY24E/FY25E EPS.

At CMP, the stock is trading at an EV/EBITDA of 14x its FY2025E earnings which we believe provides further room for upside.

Bajaj Finserv, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 213978.83 Crore) operating in NBFC sector.

The stock is currently trading at 3.1x/2.7x its FY2024E/FY2025E Core BV. The near-term focus would be on the succession plans of MD and CEO.

NACL is well placed and the stock trades at 4.1x FY24E EV/EBITDA and appears to be fully priced in.

Promoters held 56.69 per cent stake in the company as of 31-Mar-2023, while FIIs owned 10.05 per cent, DIIs 19.42 per cent.

The brokerage expects revenue/EBITDA CAGRs of 20%/21% over FY23-25 on the back of 15% growth in footprint addition and SSSG of ~5%.

LTFH’s strong growth in retail and an accelerated rundown in wholesale are positive factors that will make the portfolio granular and improve consolidated profitability.

Promoters held 63.22 per cent stake in the company as of 31-Mar-2023, while FIIs owned 11.16 per cent, DIIs 14.42 per cent.

Varun Beverages, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 94052.76 Crore) operating in FMCG sector.

Breakout from symmetrical triangle on the hourly time frame with jump in volumes.

Breakout from tight consolidation with volumes, indicating bullish trend on all time frames.

At CMP, the stock trades at 28.6x / 23.5x its FY24E/FY25E EPS respectively.

Any large inorganic deal focusing on enhancing shareholders’ value will be a key trigger for valuations to improve in the near term.

Bajaj Finance, incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 380215.61 Crore) operating in NBFC sector.

Moreover, given the acquisition shall be funded through debt, and forgone other income, the brokerage expects the acquisition to be earnings dilutive and expect earnings to be impacted by -5%/-5% in FY24/FY25.

RBL Bank, incorporated in the year 1943, is a banking company (having a market cap of Rs 9701.01 Crore).