Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 52248.66 Crore) operating in Auto sector.

V-Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 5108.02 Crore) operating in Retail sector.

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 461704.45 Crore) operating in Telecommunications sector.

Crompton Greaves Consumer Electricals, incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 19944.55 Crore) operating in Consumer Durables sector.

Emami, incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 18186.41 Crore) operating in FMCG sector.

Aditya Birla Fashion and Retail, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 23476.60 Crore) operating in Retail sector.

Tata Steel, incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 136474.86 Crore) operating in Metals - Ferrous sector.

EPL, incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 4846.34 Crore) operating in Packaging sector.

Zomato, incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 44768.38 Crore) operating in Services sector.

Also, elevated costs and muted pricing trend remains an overhang on substantial improvement in profitability.

The brokerage's FY24/FY25 assumptions are broadly maintained but its PAT estimates are down by 10% each, owing to higher depreciation and tax rate.

V-Mart Retail, incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 5163.38 Crore) operating in Retail sector.

GlaxoSmithKline Pharmaceuticals, incorporated in the year 1924, is a Large Cap company (having a market cap of Rs 21043.62 Crore) operating in Pharmaceuticals sector.

Veeral Organics (a wholly owned subsidiary of VO) is also set to commence production of MEHQ, Guaiacol, and Iso Amylene in 1HFY24, which should propel VO into the next leg of its growth story.

The brokerage believes it deserves rich valuations due to its strong competitive positioning, top decile capital efficiencies, and it being a beneficiary of EVs and other mega trends in Autos.

The brokerage has cut its loan growth estimates for FY24 slightly to factor in the impact of higher interest rates, which could potentially dampen mortgage demand.

The Tata Group company may not achieve its deleveraging target for FY23, which could also prevent outperformance of the stock in the near term.

Muthoot Finance, incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 40243.08 Crore) operating in NBFC sector.

Promoters held 55.47 per cent stake in the company as of 31-Dec-2022, while FIIs owned 14.59 per cent, DIIs 18.53 per cent.

The brokerage revises its revenue forecasts for FY23/24E by -3%/-5% and EBITDA margins by +50/-90 bps due to lower growth in licenses/SaaS business.