Mahindra CIE Automotive, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 13226.80 Crore) operating in Auto Ancillaries sector.
Chambal Fertilisers & Chemicals, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 12985.68 Crore) operating in Fertilisers sector.
Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 230114.17 Crore) operating in Gems and Jewellery sector.
Navin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 20378.15 Crore) operating in Chemicals sector.
The brokerage estimates FY23E volumes to grow by ~21% YoY, implying a residual growth of 13%, or run-rate of ~184.7k units. The stock trades at 35.5x/22.2x FY23E/FY24E earnings.
Considering the great conjunction in addition to the cushion provided by the high dividend yield of 13.6% in FY23, the brokerage retain its BUY rating on ONGC with a TP of Rs 198, making it the top idea for 2023 in the sector.
SBI Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 123188.95 Crore) operating in Financial Services sector.
Techno Electric & Engineering Company, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3609.99 Crore) operating in Engineering sector.