STOCKS PICKS

5 LARGE CAP STOCK PICKS OF MOTILAL OSWAL FOR OCTOBER

Motilal Oswal believes correction in Indian stock market offers an opportunity to accumulate high-quality stocks for long term. Amid this backdrop, brokerage has shared its top large-cap picks for October.

Here's a list of 5 large cap stock picks of Motilal Oswal for October

ICICI Bank

MOSL projects a target price of <span class='webrupee'>₹</span>1,400, reflecting a 14% upside, driven by 15% year-on-year growth in net earnings. The bank's diversified portfolio ensures robust future growth.

Bharti Airtel

MOSL has target price of <span class='webrupee'>₹</span>2,000 on the telco, indicating an 18% upside, supported by deleveraging efforts and healthy free cash flow. Key growth drivers include subscriber gains and 5G adoption.

HCL Tech

MOSL has a target price of <span class='webrupee'>₹</span>1,777 on HCL Tech, suggesting downside of 4%. Brokerage highlighted IT company's strong financials and growth prospects.

Tata Power

MOSL has a target price of <span class='webrupee'>₹</span>441 on Tata Power, suggeting a 5% downside. Tata Power's growth is underpinned by a <span class='webrupee'>₹</span>60,000 crore capex plan for renewable energy. Management aims to double profitability by FY27.

HDFC Life Insurance

MOSL's target price on HDF Life is <span class='webrupee'>₹</span>706, suggesting a 5% downside. But strong growth in total premium equivalent signals long-term potential. An 18% CAGR is expected in the value of new business by FY26.