Stocks to Buy On Monday: There may be movement in some selected shares in the Indian stock market on the trading day of Monday, January 19. The season of December quarter results is going on. Many companies are releasing their quarterly results. Motilal Oswal and Nuvama brokerage firms are bullish on these shares. Let us know about the shares of these selected companies…

HDFC AMC Share

Brokerage firm Motilal Oswal has expressed confidence regarding HDFC Asset Management Company. The brokerage believes that this stock may see good growth in the coming times. The firm has set a target of Rs 3,200. This level is about 25 percent more than the current price.

According to the brokerage, the company’s AUM may grow at the rate of about 18 percent annually during FY25 to FY28. At the same time, annual growth of 16 percent in revenue, EBITDA and profit is also estimated. There may be movement in company shares on Monday.

Just Dial Share

Nuwama’s stance regarding Just Dial remains positive. The brokerage has set a target of Rs 1,100 while maintaining ‘Buy’ rating on this stock. If we look at the current price of around Rs 722, there is a possibility of an increase of up to 52 percent.

Although the pace of revenue is not very fast, but the profit situation has improved in a short time. The company’s EBITDA margin was 31.2 percent, which is considered better than market estimates and indicates operational improvement.

ICICI Lombard Share

Jefferies’ view on ICICI Lombard General Insurance remains positive. The brokerage has set a target of Rs 2,400 while maintaining ‘Buy’ recommendation on this stock.

Which shows a possible increase of about 27 percent from the current level. However, due to increased loss ratio in the motor insurance segment, there has been some pressure on the company’s earnings.

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