Recently, the brokerage firm Centrum Institutional Broking announced its top nine conviction picks that may show an upside in the coming days. If you are scrambling to the web regarding the same, this article is for you. Here we have discussed all the conviction picks of Centrum Institutional Broking in the Banking and Financial Services space. The firms picked by the brokerage firm Centrum Institutional Broking are AIA Engineering Ltd, RBL Bank Ltd, Aarti Industries Ltd, Kalyan Jewelers India Ltd, Jubilant Foodworks Ltd, Polycab India Ltd, PNC Infratech India Ltd, V-Guard Industries Ltd, and Home First Finance Company India Ltd. Continue reading this article for more details and further updates. Scroll down.
One of the nine conviction picks of Centrum Institutional Broking is RBL Bank Ltd. The brokerage firm believes an upside trend of about 44 percent may arrive, which will take its share price from Rs 239 to Rs 339. The analysts at Centrum Institutional Broking anticipated that RBL may show strong growth in Net Interest Income, Advances, and net profit with a compound annual growth rate of 23 percent, 23 percent, and 36 percent, from FY23 to FY26.
The next on the list is AIA Engineering Ltd which is also one of the top buys of Centrum Institutional Broking, with a target price of 23 percent above the current price of Rs 3544, at Rs 4360. Do you know: The EBITDA margin in the last four quarters for AIA Engineering was in the 25-30 percent range. Another top pick of Centrum is Aarti Industries Ltd, a renowned chemical firm. Centrum aims the share price at Rs 604, 13 percent more than its closing at Rs 531. Jubilant Foodworks Ltd is also the key pick of the brokerage firm. The analysts of the firm expect a target price of Rs 625 which is 14 percent more from the stock trading at close to Rs 545. Shift to the next section and read about the remaining picks of Centurm.
Centrum’s other key pick was Kalyan Jewelers India Ltd which is the second pick in the Consumer field, with a target price of Rs 364 showing an upward of over 10 percent from the stock trading at Rs 329. The analysts of Centrum also predicted the target price of Rs 5675 showing 7 percent more than the current trading price of Rs 5280. V-Guard Industries Ltd was the second pick of the brokerage firm in the Consumer field, with a target price of Rs 330, 15 percent more than the current trading price of Rs 287.