The brokerage maintains its BUY rating on the stock with a target price of Rs 715/share (core book at 1.3x Sep’24E and subsidiaries at Rs 164/share).

Promoters held 28.42 per cent stake in the company as of 30-Jun-2023, while FIIs owned 13.65 per cent, DIIs 9.43 per cent.

Star Cement, incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 5994.00 Crore) operating in Cement sector.

Praj Industries, incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 7890.48 Crore) operating in Engineering sector.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 296642.62 Crore) operating in Auto sector.

​Breakout from three months consolidation and daily stochastic is in buy mode.

India Cements, incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 6847.18 Crore) operating in Cement sector.

Adani Ports & Special Economic Zone, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 166503.51 Crore) operating in Shipping sector.

HEG, incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 6978.65 Crore) operating in Industrial Consumables sector.

NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 214587.22 Crore) operating in Power sector.

Promoters held 39.93 per cent stake in the company as of 30-Jun-2023, while FIIs owned 20.85 per cent, DIIs 7.69 per cent.

The brokerage estimates SBICARD to deliver 28% earnings CAGR over FY23–25, leading to an RoA/ RoE of 5.5%/26.4%.

Indian Oil Corporation, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 132033.58 Crore) operating in Gas & Petroleum sector.

Indus Towers, incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 46972.75 Crore) operating in Telecommunications sector.

Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 102629.38 Crore) operating in Metals - Non Ferrous sector.

PSP Projects, incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2876.40 Crore) operating in Construction sector.

Price sustaining above recent breakout area signaling further upward momentum

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Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 272312.52 Crore) operating in Pharmaceuticals sector.