The brokerage is bullish on the counter considering the anticipated improvement in the margin trajectory, better capital allocation, and reasonable valuation.

Aditya Birla Capital, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 37765.09 Crore) operating in NBFC sector.

Promoters held 65.48 per cent stake in the company as of 31-Dec-2022, while FIIs owned 22.21 per cent, DIIs 9.41 per cent.

Metropolis Healthcare, incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 6731.32 Crore) operating in Hospitals & Allied Services sector.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 609757.04 Crore).

Promoters held 35.19 per cent stake in the company as of 31-Dec-2022, while FIIs owned 27.95 per cent, DIIs 23.54 per cent.

Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 49056.14 Crore) operating in Real Estate sector.

Astral, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 38889.58 Crore) operating in Plastics sector.

Promoters held 32.5 per cent stake in the company as of 31-Dec-2022, while FIIs owned 29.73 per cent, DIIs 15.61 per cent.

With capacity utilisation in TBR space across FY23 set to be in the band of 75-80% for CEAT, capex for FY23-24E is likely to be sub-Rs10bn p.a., helping the company avoid any increase in debt on books.

TechM’s wallet share in top-5 clients has been reducing for past four quarters and this is likelyto continue over the next two quarters as well due to increased level of automation and cost-reduction programmes undertaken by these clients.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 609757.04 Crore).

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 302441.39 Crore) operating in Construction sector.

Promoters held 57.5 per cent stake in the company as of 31-Dec-2022, while FIIs owned 10.09 per cent, DIIs 25.33 per cent.

Power Finance Corporation, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 40960.86 Crore) operating in Term Lending Institutions sector.

Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 42.99 per cent, DIIs 31.32 per cent.

Gujarat State Petronet, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 15685.08 Crore) operating in Gas & Petroleum sector.

Moreover, despite aggressive store additions, it has seen limited balance sheet risk or weakness in operations.

IDFC First Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 35268.50 Crore).

Torrent Power, incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 24725.33 Crore) operating in Power sector.