Kotak Securities Highlights Lenskart and Shriram Finance as Top Stock Picks
Stock picks for today: Kotak Securities bets on Lenskart, Shriram Finance
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Kotak Securities' Shrikant Chouhan recommends buying shares of Lenskart and Shriram Finance, citing strong growth prospects and robust financial performance. Lenskart aims for a ₹560 target price, while Shriram Finance targets ₹1,100, reflecting their respective market positions and expansion strategies.
- 01Lenskart achieved a 41% year-on-year revenue growth, with significant contributions from both domestic and international markets.
- 02The company added 604 stores in FY2026, bringing its total to 2,609 in India and 718 internationally, with plans for further expansion.
- 03Shriram Finance's assets under management (AUM) grew 14.85% year-on-year to ₹3.02 trillion, indicating strong business fundamentals.
- 04The company benefits from a 34% capital adequacy ratio post-MUFG equity infusion, ensuring growth without dilution.
- 05Shriram Finance's net interest margin (NIM) expanded to 9.1%, with a target to reach 10% as capital deployment continues.
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Kotak Securities' Shrikant Chouhan has identified Lenskart and Shriram Finance as promising stock picks for investors. Lenskart, a leader in the eyewear market, is currently valued at ₹504 with a target price of ₹560, reflecting its impressive 41% year-on-year revenue growth. The company has focused on expanding its store network, adding 604 stores in FY2026 and aiming for similar growth in FY2027. Its international revenue also grew by 35%, supported by strong unit growth. On the other hand, Shriram Finance, valued at ₹963, has a fair value target of ₹1,100. The company serves India's underbanked sector with a robust network and has shown a 14.85% growth in AUM to ₹3.02 trillion. Following a significant equity infusion, Shriram Finance has improved its capital adequacy ratio and net interest margin, projecting a strong growth trajectory through FY2029. Both companies demonstrate solid financial health and strategic expansion plans.
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Investing in these stocks could benefit investors looking for growth in the Indian market.
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