Focusing on the time horizon for the next two quarters, the retail research team at HDFC Securities has picked four stocks for recommendations which are from FMCG, IT consulting and agrochemicals sectors. Here are HDFC Securities' stock picks over the next two quarters -Jyothy Labs: The brokerage said that despite lacklustre performance of the past three years, it believes the company would achieve double-digit revenue growth in the medium term given its various relevant strategic initiatives in recent times. Zensar Tech: HDFC Securities retail research team said that Zensar is amongst the cheaper mid-tier IT Services stock; due to a reason of long term streak of growth underperformance. ''We believe the base case fair value of the stock is ₹367 and the bull case fair value of the stock is ₹397 over the next two quarters. Its asset light model, cash rich balance sheet (cash & equivalents of ₹340cr as on Mar-2021) and focus on registrations in stricter geographies augur well for tapping incremental volume growth, HDFC Securities said.

Source: Mint July 07, 2021 09:20 UTC