As 2024 draws to a close, Mirae Asset Capital Markets has unveiled its top 10 stock picks for December, offering valuable insights for investors looking to position themselves for the upcoming year. These stocks have been selected for their potential to deliver returns across different market segments, with large-cap stocks expected to provide steady returns in the range of 3-4% and small- and mid-cap stocks expected to offer higher growth potential around 8%. Below is a detailed look at each of Mirae Asset's top picks for December.
1) Aadhar Housing Finance (AADHARHF)
Aadhar Housing Finance, with a market capitalization of INR 184,135 million and a current market price (CMP) of INR 430.0, is one of the top picks for December. The company is positioned strongly within the affordable housing sector in India, which continues to witness significant demand.
2) Bank of Baroda (BOB)
Bank of Baroda, one of the largest public sector banks in India, has a market capitalization of INR 1,367,567 million and a CMP of INR 264.0. The bank has demonstrated resilience in the face of challenging market conditions and is capitalizing on India’s growing financial inclusion efforts.
3) Home First Finance (HOMEFIRS)
With a market capitalization of INR 92,538 million and a CMP of INR 1,045.0, Home First Finance has established itself as a leading player in the affordable housing loan sector. As India continues to witness rapid urbanization and a rising demand for affordable housing, the company is poised for steady growth.
4) Infosys (INFO)
Infosys, one of the largest and most well-established IT services companies in India, has a market capitalization of INR 7,960,895 million and a CMP of INR 1,919.0. With its strong global presence and expertise in digital transformation, Infosys continues to lead the Indian IT sector.
5) KRBL (KRB)
KRBL, a leader in the premium Basmati rice market, boasts a market capitalization of INR 72,192 million and a CMP of INR 314.6. The company is well-positioned to benefit from the increasing global demand for high-quality rice. With a strong presence both in India and internationally,
6) Lemon Tree Hotels (LEMONTRE)
Lemon Tree Hotels has a market capitalization of INR 108,974 million and a CMP of INR 137.7. The hospitality sector in India is experiencing a resurgence, with domestic and international travel picking up significantly after the pandemic. Lemon Tree Hotels, with its focus on mid-market hotels, stands to benefit from the increased demand for affordable yet high-quality lodging options.
7) LT Foods (LTFOODS)
LT Foods, with a market capitalization of INR 148,051 million and a CMP of INR 427.0, is a leading player in the Indian food industry. Known for its premium rice brands like Daawat and Royal, LT Foods has a strong presence in both domestic and international markets. The company is benefiting from increasing consumer demand for healthier and organic food products. With a focus on quality and sustainability, LT Foods is well-positioned to capture the growing consumer preference for high-quality, organic food. This makes LT Foods an attractive option for investors looking to diversify into the food sector.
8) Maruti Suzuki India (MSIL)
Maruti Suzuki India, with a market capitalization of INR 3,560,185 million and a CMP of INR 11,303.0, remains the undisputed leader in the Indian automotive market. The company continues to benefit from rising middle-class income levels and a growing demand for affordable, fuel-efficient vehicles.
9) TVS Motor (TVSL)
TVS Motor, with a market capitalization of INR 1,198,740 million and a CMP of INR 2,521.0, has made significant strides in the two-wheeler and electric vehicle markets. The company’s focus on innovation and sustainability, particularly in the electric vehicle segment, positions it well to benefit from the growing shift towards eco-friendly transportation.
10) Suzlon Energy (SUEL)
Suzlon Energy, with a market capitalization of INR 921,989 million and a CMP of INR 67.3, stands out as a leader in the renewable energy sector in India. The company is capitalizing on India’s growing focus on renewable energy, particularly in the wind power segment.
These picks offer a diversified mix of stocks across sectors like housing, IT, food, hospitality, and renewable energy, making them solid choices for investors.