06 Sep 6 Large Cap Stocks For Volatile Markets

For volatile markets: 6 different sector large-cap stocks with 38% Upside potential

In stock markets, remember that volatility can strike without warning.

Globally, both emerging and developed equity markets are correcting. How long this lasts is uncertain. Looking at investor sentiment through trading volumes and market breadth, the markets aren’t fully correcting yet.

In these times, it’s wise for both traders and investors to focus on stocks that resist bearish markets. The current correction pattern, with sharp drops sometimes followed by rapid recoveries, suggests bullish sentiment persists. But bears could return anytime.

Let’s explore stocks that shine amid this volatility. Some outperform by declining less than the Nifty index, while others rise despite a falling index. These stocks may even outpace their index’s growth.

This happens for two reasons:

Fundamental developments or post-correction upward moves.

We’ll focus on 6 stocks that gained in the past month.

Below, find stocks with positive 1-month returns, having upside Potential and they’re rated “Strong Buy,” “Buy,” or “Hold.”

Watch if they grow as the market rebounds.

Data is from the latest ET Stock Reports Plus report.

Also Read: Buy or Sell: Sumeet Bagadia’s 3 Stock Recommendations for This Week

Bank of India

• Recommendation: Buy
• Analyst Count: 2
• Upside Potential: 38%
• Institutional Stake: 9.6%
• Market Cap Rs Cr: 35,898

 
Bank of India Limited, commonly referred to as “the Bank,” stands as a prominent financial institution. The Bank operates across distinct segments, showcasing its comprehensive services. These segments include:

1. Treasury Operations: This vital segment encompasses the Bank’s investment portfolio. Here, activities involve dealing with government and other securities, money market operations, and forex operations. These endeavors contribute to the Bank’s financial dynamics and market engagement.

2. Wholesale Banking Operations: A pivotal arm of the Bank, this segment is dedicated to all advances that fall outside the purview of retail banking. This encompasses various financial activities tailored to businesses, enterprises, and institutions.

3. Retail Banking Operations: Focused on individual customers, this segment handles exposures that fulfill specific criteria. These criteria encompass a maximum aggregate exposure and annual turnover thresholds. The segment aims to cater to the diverse financial needs of retail customers.

With over 5000 branches spread across India, the Bank has established a robust presence. These branches include specialized units designed to cater to specific requirements and enhance customer experience.

The Bank’s endeavors extend beyond its core operations, with subsidiaries playing a significant role. Notable subsidiaries include BOI Shareholding Limited, which potentially deals with the Bank’s ownership structures, and BOI Star Investment Managers Private Limited, which hints at the Bank’s involvement in investment management.

As a bank deeply entrenched in the financial landscape, Bank of India Limited continues to navigate the intricate realms of Treasury, Wholesale Banking, and Retail Banking Operations, making a substantial impact on the financial sector.
 
Also Read: “7 metal stocks to deliver up to 40% returns”
 

Hindalco

• Recommendation: Buy
• Analyst Count: 21
• Upside Potential: 36.8%
• Institutional Stake: 42.7%
• Market Cap Rs Cr: 102,619

Hindalco Industries Limited stands tall as a metals flagship company, making its presence known in the realm of metallurgy. The company’s diverse operations span various segments, each contributing to its formidable reputation:

1. Novelis Segment: This segment introduces us to Novelis Inc., a wholly owned foreign subsidiary. Novelis is deeply engaged in producing and marketing aluminum sheet and light gauge products. Its reach extends across multiple continents, including North America, South America, Europe, and Asia. This global footprint highlights the company’s international significance.

2. Aluminium Segment: The heart of Hindalco’s operations lies within its aluminum business. This includes a constellation of entities such as Utkal Alumina International Limited (UAIL), Hindalco Almex Aluminium Limited (HAAL), Suvas Holdings Limited (SHL), and Minerals and Minerals Limited (M&M). These components collectively contribute to Hindalco’s prowess in the aluminum sector.

3. Copper Segment: Hindalco’s influence extends to the copper industry as well. The Copper segment encompasses a range of activities, including the copper business of the company itself. Additionally, Dahej Harbour and Infrastructure Limited, a wholly owned subsidiary, takes center stage. It operates a captive Jetty and engages in the manufacturing and sale of various copper-related products. These include copper cathode, continuous cast copper rods, sulphuric acid, dap and complexes, gold, silver, and other precious metals.

4. All Other Segment: Reflecting the company’s comprehensive operations, the All Other segment gathers various other subsidiaries under its umbrella. This indicates the diverse range of activities Hindalco ventures into beyond its primary segments.

Hindalco’s journey is marked by a dedication to excellence in the metallurgical domain. With a global outlook, the company navigates the world of aluminum, copper, and other valuable metals, positioning itself as a prominent player in the industry.

It’s important to note that this overview aims to provide general insights and should not be considered investment advice. It’s advisable to consult financial experts before making any investment decisions.

Kansai Nerolac

• Recommendation: Buy
• Analyst Count: 20
• Upside Potential: 23.9%
• Institutional Stake: 12.9%
• Market Cap Rs Cr: 27,056

Kansai Nerolac Paints Limited

Kansai Nerolac Paints Limited stands as a prominent player in the realm of paints, radiating excellence through its diverse offerings. As a dedicated paint manufacturer, the company specializes in a variety of paint products, reflecting its commitment to innovation and quality.

Product Spectrum: The company boasts a comprehensive range of paint products, each catering to specific needs and applications:

1. Automotive Coatings: Kansai Nerolac Paints caters to the automotive industry with a spectrum of coatings. These include cathodic electro deposition (CED) and acrylic cathodic electro deposition (ACED) primers, as well as monocoat metallics. Notably, high mar resistant clear coats and heat-resistant paints are also part of this portfolio, exemplifying the company’s focus on durability and performance.

2. Powder Coatings: The powder coatings offered by Kansai Nerolac span a wide array of options. These include epoxy polyester powder, epoxy powder, pure polyester polyurethane coatings, and heat-resistant powders. The company’s offerings extend even further, encompassing rebar coatings, pipe coating powders, super durable powders, and bonded metallic powders.

3. Performance Coatings Liquid: The company excels in providing liquid-based performance coatings. This segment includes an assortment of coatings such as floor coatings, pipe coatings, coil coatings, zinc-rich coatings, epoxy coatings, and chlorinated rubber coatings. This diversity caters to various industries and applications.

4. Auto Refinishes: Kansai Nerolac Paints extends its expertise to auto refinishes, serving the automotive sector’s maintenance and refurbishment needs. The offerings here range from nitrocellulose (NC) and NC acrylic-NAP coatings to polyurethane paints, polyester coatings, and body fillers.

Through its expansive array of paint products, Kansai Nerolac Paints Limited showcases its commitment to quality, innovation, and customer satisfaction. By serving diverse industries and applications, the company plays a pivotal role in coloring the world around us.

It’s important to note that this overview is intended to provide general insights and should not be construed as investment advice. Consultation with financial experts is recommended before making any investment decisions.
 

United Spirits

• Recommendation: Hold
• Analyst Count: 23
• Upside Potential: 18.4%
• Institutional Stake: 19.5%
• Market Cap Rs Cr: 73,666

United Spirits Limited takes center stage in the realm of beverage alcohol and spirits, curating a collection that reflects craftsmanship, quality, and a touch of excellence. With a dynamic portfolio and strategic ventures, the company stands as a notable player in the industry.

Core Business: At its core, United Spirits Limited is engaged in the intricate art of manufacturing, purchasing, and selling a wide spectrum of beverage alcohol and allied spirits. These offerings include an array of renowned brands, showcased through tie-up manufacturing units and strategic franchising in specific regions.

Signature Brands: The company prides itself on its diverse collection of iconic brands, each contributing its own unique essence to the spirits landscape. Some of the distinguished brands under the United Spirits umbrella include:

• Johnnie Walker
• Black Dog
• Black & White
• Vat 69
• Antiquity
• Signature
• Royal Challenge
• McDowell’s No1
• Smirnoff
• Captain Morgan

These brands resonate with enthusiasts and connoisseurs alike, embodying a rich heritage and a commitment to excellence.

Beyond Spirits: United Spirits Limited extends its influence beyond crafting spirits. The company’s subsidiary, Royal Challengers Sports Private Limited, holds the esteemed privilege of the Royal Challengers Bangalore (RCB) cricket franchise in the Indian Premier League (IPL). This association adds a vibrant dimension to the company’s profile, reflecting its diverse interests and connections.

Innovation and Tradition: United Spirits Limited balances innovation with tradition, continuously evolving its offerings to cater to changing consumer preferences while preserving the authenticity of its products.

United Spirits Limited’s journey is one of crafting exceptional spirits and fostering unity among enthusiasts and consumers. It’s important to note that this overview provides a general perspective and is not intended as investment advice. Consultation with financial experts is recommended before making any investment decisions.
 

Prestige Estates

• Recommendation: Strong Buy
• Analyst Count: 18
• Upside Potential: 31.0%
• Institutional Stake: 24.7%
• Market Cap Rs Cr: 24,416

Prestige Estates Projects Limited: Shaping Spaces, Enriching Lives

Prestige Estates Projects Limited emerges as a prominent player in the realm of real estate development, hospitality, and allied services. The company’s diverse portfolio encompasses residential, commercial, and hospitality ventures, shaping spaces that redefine modern living.

Core Business: At the heart of Prestige Estates Projects Limited’s operations lies the art of real estate development, coupled with a commitment to hospitality and related services. The company’s multifaceted approach enables it to cater to a wide spectrum of consumer needs and preferences.

Residential Marvels: Prestige Estates Projects Limited transforms aspirations into reality through its array of residential projects. The company’s portfolio spans a variety of offerings, including townships, apartments, luxury villas, mansions, row houses, townhomes, golf developments, and plotted developments. This diversity underscores its dedication to providing homes that cater to different lifestyles.

Commercial Ventures: In the commercial arena, the company contributes to the urban landscape by crafting modern and intelligent office spaces. These spaces, strategically located in major Indian metro cities, reflect the evolving nature of work environments and accommodate the needs of businesses and professionals.

Retail Excellence: Under the brand name FORUM, Prestige Estates Projects Limited takes on the retail segment with finesse. Its malls, spread across approximately six cities, offer a premium shopping experience, blending convenience and leisure in a captivating setting.

Elevating Hospitality: The company’s hospitality segment ventures into the realm of hotels, resorts, spas, and service apartments. Collaborations with esteemed brands like Marriott, Sheraton, and Hilton bring a touch of luxury and comfort to the hospitality offerings, enriching the travel and stay experiences of guests.

Geographical Footprint: Prestige Estates Projects Limited’s footprint spans across key cities, creating landmarks that leave a lasting impact. From Bengaluru, Chennai, Kochi, Hyderabad, Mumbai to Goa, the company’s projects contribute to the aesthetic and functional enhancement of these urban centers.

Crafting the Future: Prestige Estates Projects Limited stands at the forefront of innovation and modernity, shaping spaces that stand as testaments to its vision. While this overview provides insights into the company’s endeavors, it’s essential to consult with financial experts before making investment decisions.

ACC

• Recommendation: Buy
• Analyst Count: 38
• Upside Potential: 27.5%
• Institutional Stake: 21.4%
• Market Cap Rs Cr: 37,560

ACC Limited is a company that focuses on manufacturing and selling cement and ready-mix concrete. The company’s operations are divided into two main segments: Cement and Ready Mix Concrete. Within these segments, ACC Limited offers various types of cement, such as Ordinary Portland Cement (OPC), Portland Pozollana Cement (PPC), Portland Slag Cement (PSC), and composite cement. Alongside cement, the company also provides ready-mix concrete (RMX) solutions.

Product Categories:

• Gold Range
• Silver Range
• Bulk Cement
• Solutions and Products
• Ready Mixed Concrete
• Ready Mixed Concrete Value-Added Products
• Digital and Customer Solutions

Infrastructure: The company boasts an impressive infrastructure:

• Around 17 cement manufacturing units
• A network of 85 ready mix concrete plants

Subsidiaries: ACC Limited’s operations are supported by various subsidiaries:

• Bulk Cement Corporation (India) Limited
• ACC Mineral Resources Limited
• Lucky Minmat Limited
• Singhania Minerals Private Limited

With its wide-ranging offerings and strong infrastructure, ACC Limited plays a significant role in the cement and ready-mix concrete sector, serving diverse construction requirements effectively.

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