
As the financial year comes to an end and the result season approaches, we take a look at stocks that analysts are especially bullish about. These stocks have especially high revenue growth estimates in FY23.
This screener consists of stocks with high annual revenue growth estimates and target price upside along with price upgrades from brokers over the past three months.
The screener has 57 stocks from the Nifty 500 and nine stocks from the Nifty 50 index. It is dominated by industries like auto parts & equipment, cement & cement products and other industrial products.
Major stocks that show up in the screener are Kotak Mahindra Bank, Coromandel International, Vinati Organics, LTIMindtree, Solar Industries India and InterGlobe Aviation.
According to Trendlyne’s Forecaster, LTIMindtree has the highest revenue growth estimates of 109.6% for FY23. This rise in revenue can be attributed to the merger of Mindtree with L&T Infotech, which was completed on November 14, 2022. The stock has an average target price upside of 15%, with five target price upgrades over the past three months.
InterGlobe Aviation comes in next with a 107.8% estimated growth in revenue for FY23. The airline is planning to start flights to Nairobi, Jakarta and some central Asian destinations and is also waiting for an order of 500 aircraft to be delivered.
Coromandel International has the highest average target price upside of 39% by brokers with an annual revenue growth estimate of 53.4% in FY23. Brokers estimate this rise in revenue on the back of the seven new products launched by the company in FY23.
You can find more screeners here.