Freedom Portfolio: Parag Thakkar Bets On Jio Finance, SBI, Marico And More

On the occasion of India's 79th Independence Day, NDTV Profit has curated a list of stock recommendations by Head Fund Manager of Fort Capital, Parag Thakkar.

Here are the stocks that investors can add as part of their 'Freedom Portfolio':

• Targets a price of Rs 600 for the counter in 18 months, implying an upside of two times the current market price of Rs 318 apiece.

• Promoter infusion of Rs 15,825 crore at Rs 316.5 apiece sets a strong floor, with Rs 308 in a bear case.

• Holds 6% stake in Reliance Industries worth Rs 1.15 lakh crore versus Jio Finance's market cap of Rs 2 lakh crore.

• Capital infusion to enable 5.5 times leverage.

• Potential to earn Rs 7,000 crore across businesses by fiscal 2028.

• 35% of the revenue portfolio is experiencing mid-teens growth.

• Copra prices have corrected by 12% in the last two weeks, indicating potential margin expansion in the near future.

• The company's earnings per share is projected to increase from Rs 14.50 in fiscal 2025 to Rs 20.50 in fiscal 2027.

• The fund manager sees a target price of Rs 900 apiece.

• The bank has a best-in-class credit cost of 47 basis points.

• SBI has controlled slippages, and net interest margins are stable.

• Thakkar targets a price of Rs 1,000 per equity share for the counter.

• The company has a record order book of Rs 6.13 lakh crore, with strong inflows from the Middle East.

• Management expects the company's order inflow to beat its own guidance.

• The company has a standalone Return on Equity of 17%.

• The target price for the stock is Rs 4,200 apiece.

• BPCL trades at 10 times its trailing 12-month price-to-earnings ratio with negligible net debt.

• The company's marketing margins are aided by crude prices below $70 per barrel.

• Its FY26 earnings are expected to be boosted by the approval of an LPG subsidy.

• Key risks include a crude spike or fuel price cuts, with a target price of Rs 400.

• Macro headwinds include delay in discretionary spend, and margin worries from generative AI impact.

• Selective buys: Infosys, Wipro, LTIMindtree, HCL Technologies with attractive yields of over 3% and steady deal wins.

• Thakkar places the target price for one year at Rs 800 apiece, with an estimated 20%+ CAGR in the next three years.

• Aluminium likely to be only base metal with China in deficit, slight surplus outside China.

• Secular demand drivers: EV adoption and light-weighting in autos, sustainable packaging, and solar energy infrastructure.

• Long-term price outlook remains strong, and earnings bottomed out in the June quarter.

• Net debt/Ebitda stands at just 1.02 times ahead of the Rs 1 lakh crore capex cycle.