Ashok Leyland, Bata And More - Large-, Mid- And Small-Cap Stock Picks For Diwali: Nirmal Bang
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Nirmal Bang Report
Large-, Mid- and Small-Cap Diwali Picks - Samvat 2078:
Ashok Leyland Ltd.
We see Ashok Leyland to be a key beneficiary of the commercial vehicle cycle recovery and view strong government initiatives on infrastructure to be positive for the company over the medium term as well.
Our thesis on Ashok Leyland lies as a pure play on the impending current year cycle recovery.
Bata India Ltd.
A consumer franchise where there is significant headroom for growth. Market size in our view is Rs 0.7-0.8 trillion and which will likely grow in the high single digits at least.
The largest formal player, Bata India, has only around 3.5-4% market share. It has the largest breadth of products from a price perspective and caters to the widest breadth of customers too from an age perspective
Click on the attachment for full list of Nirmal Bang's Diwali stock picks:
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