HDFC Bank, Trent: 10 stocks you can buy to create a resilient portfolio

Trump Tariffs: HDFC Bank, Bajaj Finance, Trent, Adani Power, IGL, and Krsnaa Diagnostics are among top stocks to buy, as per Ventura Securities

The ongoing tariff turmoil, which started with the US President Donald Trump announcing reciprocal tariffs on over 180 countries, could create a consumer shock in the US, analysts at Ventura Securities said in a report on April 9. Exporting countries, on the other hand, could face a supply glut, analysts said, prompting a deflationary environment globally which may persist until a new economic realignment takes place.  However, India, which is largely a consumption-driven economy, is expected to remain a relatively insulated and safer market amid this global turmoil.  Given this outlook, Ventura Securities has recommended 10 stocks that can help investors build a resilient and bullet-proof portfolio in the next 24 months.

 

HDFC Bank

Current Price - ₹1,768

Target Price - ₹2,350

Upside Potential (%) - 33

 

HDFC Bank's Credit Deposit Ratio (CDR) increased to 110 per cent after the merger, resulting in a deliberate slowdown in advances growth and accelerated deposit accumulation. It also led to a 10 basis points contraction in net interest margins (NIMs) to 3.6 per cent. “Over FY24-FY27E, HDFC Bank is expected to deliver strong financial growth, with assets under management (AUM) and deposits growing significantly, while improving asset quality and profitability,” the brokerage said. 

 

Fino Payments Bank

Current Price: ₹217

Target Price: ₹856

Upside Potential (%): 295

 

On the back of an extensive merchant network and innovative B2B streams, Fino Payments Bank’s revenues, operating profit, and earnings are projected to grow at CAGRs (compound annual growth rate) of 28 per cent, 38 per cent, and 34 per cent, respectively, over FY24-FU27E.

 

Bajaj Finance 

Current Price: ₹8,567

Target Price: ₹10,205

Upside Potential (%): 19.1

 

Over the past decade, Bajaj Finance witnessed solid growth with a 29 per cent AUM. While the company continues to face challenges with credit costs, its AUM is expected to grow at 25 per cent annually with focus on risk management and technology  ALSO READ | 5 pharma stocks that you should stay away from given their tech charts

 

Adani Power

Current Price: ₹513

Target Price: ₹806

Upside Potential (%): 57.1

 

In FY24, Adani Power’s revenue grew by 29.9 per cent and Ebitda (earnings before interest, tax, depreciation and amortisation) increased 81 per cent. By FY31, the company aims to expand its capacity by 30.67 gigawatts (GW). Revenue and Ebitda are expected to grow at 11.8 per cent and 10.6 per cent CAGR, respectively, over FY24-27E. 

 

Trent

Current Price: ₹4,770

Target Price: ₹6,300

Upside Potential (%): 32.1

 

The Tata Group company’s recorded a 45 per cent sales CAGR from FY23 to FY25. Trent has achieved a 45 per cent sales CAGR from FY23 to FY25. “The company is expanding through new categories like beauty and innerwear, along with a strong online presence. Westside operates 238 stores, while Zudio has 635 stores. Trent's Star Bazaar joint venture (JV) with Tesco focuses on improving operational efficiency to reduce losses,” the brokerage said. 

 

Nippon Life India AMC

Current Price: ₹557

Target Price: ₹694

Upside Potential (%): 24.6

 

Nippon AMC is projected to hit ₹9.2 trillion, growing at 28.8 per cent CAGR from FY24-27. Equity AUM is expected to increase at 33.2 per cent CAGR on account of increased retail participation and SIP inflows. “Revenues, Ebitda, and net profit are forecasted to grow at CAGRs of 26 per cent, 29 per cent, and 18 per cent, respectively, with improved margins and ROE,” Ventura said in its note. 

 

Indraprastha Gas

Current Price: ₹188

Target Price: ₹257

Upside Potential (%): 37

 

By FY27E, IGL’s revenue is expected to hit ₹23,951 driven by CNG, PNG, and industrial volumes growth. The company’s volumes are expected to grow at an 11.4 per cent CAGR to 5310 mmscm by FY27E. Ebitda and net profit are expected to grow at CAGRs of 24.5 per cent and 23.3 per cent, respectively.  

 

Krsnaa Diagnostics

Current Price: ₹754

Target Price: ₹1,741

Upside Potential (%): 131

 

According to Ventura, Krsnaa Diagnostics’ is expected to reach ₹1,297 crore by FY27E, growing at a CAGR of 27.9 per cent. The growth will be driven by radiology and pathology segments.

 

PN Gadgil Jewellers

Current Price: ₹520

Target Price: ₹768

Upside Potential (%): 47

 

PNG Jewellers, with plans to open 12-15 new stores in Maharashtra by FY26, is focused on expanding its retail and online presence. Ventura Securities expects the revenue to reach ₹10,156 crore by FY25, with solid topline and bottomline growth.

 

NBCC India 

Current Price: ₹83

Target Price: ₹93

Upside Potential (%): 11

 

NBCC (India), with an order book of ₹1 trillion, is well positioned to benefit from India's urban development projects. The brokerage expects NBCC’s revenue, Ebitda, and net profit to grow at 13 per cent, 15 per cent, and 18 per cent YoY, respectively, by FY25E.