Top Idea Picks For January: KRChoksey
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High Conviction Stocks Idea Attributes -
Company - 1. Sound/resilient business; 2. Consistent strong financials; 3. High growth potential; and 4. High return on invested capital
Industry - 1. Market leaders/Strong brand value;
Management - 1. Visionary Leadership; 2. Strong and Effective Management.
Top idea picks -
State Bank of India - The bank has one of the high-quality books amongst PSU and is likely to remain the best beneficiary.
We expect 11% compound annual growth rate in profit after tax over FY20-22E and clock a return on asset of 50 basis points. While it is underperforming the private bank peers, the risk reward ratio is favorable.
Click on the attachment for the full list of KRChoksey’s stock picks for January 2021:
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