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Dharmesh Kant Reveals Top Stock Picks: IT, Banks, Autos in Focus
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CNBC TV18•05-10-2026, 10:49
Dharmesh Kant Reveals Top Stock Picks: IT, Banks, Autos in Focus
- •Dharmesh Kant of Chola Securities sees further gains for Indian IT stocks, favoring Tata Consultancy Services, HCLTech, and Tech Mahindra with potential 5-10% upside.
- •Bank of India is Kant's top pick in banking due to strong deposit and credit growth, attractive valuations (under 0.69x one-year forward price-to-book), and expected NIM improvement.
- •In the auto sector, Kant is constructive on Tata Motors, citing strong commercial vehicle volume growth (42%) and attractive valuation with an expected ROE over 30%.
- •Kant is cautious on cement stocks despite expected price hikes, preferring UltraTech Cement and Dalmia Bharat for trading opportunities due to higher input costs offsetting benefits.
- •Coal India is favored for trading, with potential to reach ’450-’460 and a 6% dividend yield, driven by better e-auction realizations.
Key Questions Answered
Dharmesh Kant favors Tata Consultancy Services, HCLTech, and Tech Mahindra, seeing an estimated upside of around 5-7% with potential to stretch towards 10% from a tactical trading perspective.
Bank of India stands out due to its strong deposit growth of 21.6%, credit growth of 20.4%, RAM segment growth of 18.57%, and attractive valuations trading at less than 0.69 times one-year forward price-to-book.
Kant remains constructive on the auto sector, highlighting strong commercial vehicle volume growth of around 42% for Tata Motors, which trades at roughly 20 times earnings with an expected return on equity exceeding 30%.
