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Top stock recommendations for the week starting February 3, 2025

Top stock recommendations for the week starting February 3, 2025


Top stock recommendations for the week starting February 3, 2025
Top stocks to buy (AI image)

Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting February 3, 2025) are ICICI Bank and JK Cement. Let’s take a look:

Stock Name CMP (Rs) Target (Rs) Upside (%)
ICICI 1255 1550 24%
JK Cemet 4747 5630 19%

ICICI
Target Price: 1550
ICICIB delivered steady growth in a challenging environment, with credit costs at 37bp, lower-than-expected slippages & RoA of 2.36%. 9MFY25 advances growth at 11% YoY, continues to outpace peers. PAT for 3QFY25 grew 15% YoY, driven by lower-than-expected provisions & controlled opex. NII grew 9.1% YoY, led by fee income growth of 16.3% YoY while treasury gains stood at ₹3.71b. The bank’s strong cost control and asset quality stability offer continued growth potential. With expected RoA/RoE of 2.2%/16.8% in FY27, the bank remains well-positioned to sustain healthy performance and profitability.
JK Cement
Target Price: 5630
JK Cement delivered above estimated results led by higher other operating income & high volume growth, especially white cement (up 6% YoY). EBITDA/t was INR1,010 vs. our estimate of INR943/t. With its consistent capacity additions and cost-saving strategies, and increasing market share in new regions, JK Cement remains one of the top picks in the cement space. We expect its revenue/EBITDA to post 9%/12% CAGR by FY27E, driven by 10-15% growth in Govt Capex in FY26E & rising market share of its premium products over next two years. Management expects volume growth of 7-8% in 4QFY25 and ~10% in FY26.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.





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