Global brokerage BofA Securities has identified 18 key buy-rated stocks amid Nifty's mixed outlook, as reported by Essential Business Intelligence. The brokerage maintains a balanced view on the broader Nifty index while flagging multiple macro risks including crude prices, monsoon patterns and the pace of foreign institutional investor outflows. According to the report, these picks span financials, industrials, discretionary, power utilities, energy, materials, metals, autos, hospitals, gas midstream and staples sectors.
In the financials segment, BofA's picks include ICICI Bank, Bajaj Finance, Kotak Mahindra Bank and Billionbrains Garage Venture, the parent of Groww. As reported by Essential Business Intelligence, the brokerage projects earnings growth ranging from 11% to 36% for these stocks through FY28, with Billionbrains seen delivering the sharpest growth at 36%. The financial sector also includes Apollo Hospitals Enterprise and Tata Consumer Products in the regulated utilities and staples categories respectively.
In the discretionary space, BofA has named Titan and Eternal as key buys, with Eternal standing out with a projected 214% earnings CAGR through FY28, the highest across the entire buy list, though this comes off a low base. According to the report, Larsen & Toubro is the brokerage's sole pick in industrials, with 24% expected earnings growth through FY28 on continued capex visibility. The industrial sector also includes GAIL India in the gas midstream category.
In the energy sector, Oil & Natural Gas Corporation represents BofA's upstream energy pick, supported by an improving policy environment for explorers and producers. As reported by Essential Business Intelligence, Hindalco Industries is the brokerage's pick in non-ferrous metals with 30% projected earnings growth. The materials sector also includes Coal India and Godrej Consumer Products. In the automotive space, Hyundai Motor India represents the autos category with an expected 14% earnings CAGR.
Other notable names on the list include Lenskart Solutions, the newly listed eyewear retailer, which BofA expects to deliver 51% earnings growth through FY28, the second-highest on the list after Eternal. According to the report, BofA said the list "highlights 18 Buy rated names that offer value at current levels," even as the brokerage stays watchful on broader market risks. The list reflects BofA's sector-agnostic approach to stock selection despite near-term index-level caution.
