Given the strong business model and long-term growth prospects, the brokerage maintains its Buy recommendation on the stock with an unchanged price target (PT) of Rs. 215.

LIC Housing Finance, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 20286.32 Crore) operating in NBFC sector.

Bharti Airtel, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 474469.75 Crore) operating in Telecommunications sector.

The stock has corrected by 26% from its high and is 59x/41.5x its FY2024E/FY2025E earnings.

Promoters held 61.98 per cent stake in the company as of 31-Mar-2023, while FIIs owned 12.29 per cent, DIIs 15.63 per cent.

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 305144.24 Crore) operating in Construction sector.

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Aurobindo Pharma, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 35144.60 Crore) operating in Pharmaceuticals sector.

Coromandel International, incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 28342.93 Crore) operating in Fertilisers sector.

Exide Industries, incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 17607.75 Crore) operating in Auto Ancillaries sector.

Max Healthcare, incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 51361.82 Crore) operating in Hospitals & Allied Services sector.

Promoters held 67.7 per cent stake in the company as of 31-Mar-2023, while FIIs owned 17.77 per cent, DIIs 12.11 per cent.

Tata Steel, incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 130546.48 Crore) operating in Metals - Ferrous sector.

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Devyani International, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 21998.49 Crore) operating in Tourism & Hospitality sector.

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Persistent Systems, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 36832.65 Crore) operating in IT Software sector.

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Equitas Small Finance Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 9112.13 Crore).

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