Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 6272.42 Crore) operating in Consumer Durables sector.

Though the brokerage remains positive on growth, Astral continues to trade at expensive valuation of 60x on FY24E EPS of Rs 31.9.

Promoters held 56.22 per cent stake in the company as of 31-Dec-2022, while FIIs owned 10.12 per cent, DIIs 23.68 per cent.

Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 23.29 per cent, DIIs 39.76 per cent.

Stock has come out of its consolidative range andsurpassed resistance zones with surge in volume.

Making higher highs from the last five months andholding well from the last nine sessions.

Promoters held 16.51 per cent stake in the company as of 31-Dec-2022, while FIIs owned 44.79 per cent, DIIs 24.46 per cent.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 145638.58 Crore) operating in Auto sector.

Promoters held 20.97 per cent stake in the company as of 31-Dec-2022, while FIIs owned 14.65 per cent, DIIs 24.21 per cent.

FIEM Industries, incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 2219.08 Crore) operating in Auto Ancillaries sector.

Ipca Laboratories, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 20911.57 Crore) operating in Pharmaceuticals sector.

Shyam Metalics and Energy, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 7425.40 Crore) operating in Metals - Ferrous sector.

The brokerage likes Brigade in the real estate space as it is a play on strong portfolio of assets in southern market.

Balance sheet also remains robust with net cash of INR 113bn as of Dec’22. ~15x.

Promoters held 67.7 per cent stake in the company as of 31-Dec-2022, while FIIs owned 17.33 per cent, DIIs 12.45 per cent.

The brokerage estimates high single digit volume along with 200 bps operating margin expansion in next two years.

Time Technoplast, incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 1994.61 Crore) operating in Packaging sector.

At CMP, the stock is trading at 23x FY25E factoring in near term recovery.

The brokerage remains positive on the company's margin outlook and believe lower costs for the 24x7 arm should drive long-term gains.

The consistency in sales volumes, collections and debt reduction is likely to be a key trigger for a rerating.