Top stocks to buy: Stock recommendations for the week starting April 28, 2025
Top stocks to buy (AI image)
Stock market recommendations:
According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting April 28, 2025) are ICICI Bank and 360 One WAM. Let's take a look:
Stock Name
CMP (Rs)
Target (Rs)
Upside (%)
ICICI Bank
1405
1600
14%
360One WAM
972
1200
23%
ICICI Bank
ICICI Bank reported a healthy Q4 performance with PAT ₹126b (5% beat, 18% YoY growth), driven by robust NIM expansion, healthy other income, controlled provisions and contained operating expenses.
ICICI Bank posted 11% YoY NII growth with NIM rising by 16bp QoQ to 4.41%. Net advances grew 13% YoY, while deposits rose 14% YoY. Secured asset quality remained stable (excl. agri) with no signs of stress, leading to an improvement in the GNPA ratio.
We upgraded our earnings estimates by 2.5%/4.2% for FY26/FY27 on the back of positive NIM surprise and controlled credit cost. We thus estimate RoA/RoE of 2.3%/17.5% in FY27.
ICICI remains our top preference in the sector.
360 One WAM
360 ONE recorded its highest-ever annual PAT of INR10.2b (+27% YoY) driven by 41% YoY recurring revenue growth, improved ARR yields (76bp vs 72bp), and AUM surge to INR5.8t (+25% YoY), alongside a sharp cost-to-income ratio decline to 45.9%. Its exclusive collaboration with UBS—including a 4.95% stake acquisition (INR2.1b) & integration of UBS India's wealth business—unlocks global distribution channels, inbound/outbound client synergies, & access to offshore wealth solutions, amplifying cross-border growth potential.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around
Blinkist: Andrew Ng's Reading List
Undo
Management expects 20-25% AUM CAGR, expected to translate into revenue growth of 15-20% & PAT growth of 20-25%. 360ONE is well-placed to benefit from industry tailwinds, via UBS-driven global inflows, B&K's equity brokerage expansion, and mid-market penetration.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
33 minutes ago
- Time of India
The success of a key Nato summit is in doubt after Spain rejects a big hike in defence spending
The success of a key Nato summit is in doubt after Spain rejects a big hike in defence spending (Image: AP) BRUSSELS: The success of a key Nato summit hung in the balance on Friday, after Spain announced that it cannot raise the billions of dollars needed to meet a new defence investment pledge demanded by US President Donald Trump . Trump and his Nato counterparts are meeting for two days in the Netherlands from next Tuesday. He insists that US allies should commit to spending at least 5 percent of gross domestic product, but that requires investment at an unprecedented scale. Trump has cast doubt over whether the US would defend allies that spend too little. Setting the spending goal would be a historic decision. It would see all 32 countries invest the same amount in defence for the first time. Only last week, Nato Secretary-General Mark Rutte expressed confidence that they would endorse it. But in a letter to Rutte on Thursday, Prime Minister Pedro Sanchez wrote that "committing to a 5percent target would not only be unreasonable, but also counterproductive." "It would move Spain away from optimal spending and it would hinder the (European Union's) ongoing efforts to strengthen its security and defence ecosystem," Sanchez wrote in the letter, seen by The Associated Press. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo Spain is not entirely alone Belgium, Canada, France and Italy would also struggle to hike security spending by billions of dollars, but Spain is the only country to officially announce its intentions, making it hard to row back from such a public decision. Beyond his economic challenges, Sanchez has other problems. He relies on small parties to govern, and corruption scandals have ensnared his inner circle and family members. He's under growing pressure to call an early election. In response to the letter, Rutte's office said only that "discussions among allies on a new defence investment plan are ongoing." Nato's top civilian official had been due to table a new proposal on Friday to try to break the deadlock. The US and French envoys had also been due to update reporters about the latest developments ahead of the summit but postponed their briefings. Rutte and many European allies are desperate to resolve the problem by Tuesday so that Trump does not derail the summit, as he did during his first term at Nato headquarters in 2018. Budget boosting After Russia's full-scale invasion of Ukraine in 2022, Nato allies agreed that 2 percent of GDP should be the minimum they spend on their military budgets. But Nato's new plans for defending its own territory against outside attack require investment of at least 3 percent. Spain agreed to those plans in 2023. The 5 percent goal is made up of two parts. The allies would agree to hike pure defence spending to 3.5 percent of GDP. A further 1.5 percent would go to upgrade roads, bridges, ports and airfields so that armies can better deploy, and to prepare societies for future attacks. Mathematically, 3.5 plus 1.5 equals Trump's 5 percent. But a lot is hiding behind the figures and details of what kinds of things can be included remain cloudy. Countries closest to Russia, Belarus and Ukraine have all agreed to the target, as well as nearby Germany, Norway, Sweden and the Netherlands, which is hosting the June 24-25 summit. The Netherlands estimates that Nato's defence plans would force it to dedicate at least 3.5 percent to core defence spending. That means finding an additional 16 billion to 19 billion euros ($18 billion to $22 billion). Supplying arms and ammunition to Ukraine, which Spain does, will also be included as core defence spending. Nato estimates that the US spent around 3.2 percent of GDP on defence last year. Dual use, making warfighting possible The additional 1.5 percent spending basket is murkier. Rutte and many members argue that infrastructure used to deploy armies to the front must be included, as well as building up defence industries and preparing citizens for possible attacks. "If a tank is not able to cross a bridge. If our societies are not prepared in case war breaks out for a whole of society approach. If we are not able to really develop the defence industrial base, then the 3.5 percent is great but you cannot really defend yourselves," Rutte said this month. Spain wanted climate change spending included, but that proposal was rejected. Cyber-security and counter-hybrid warfare investment should also make the cut. Yet with all the conjecture about what might be included, it's difficult to see how Rutte arrived at this 1.5 percent figure. The when, the how, and a cunning plan It's not enough to agree to spend more money. Many allies haven't yet hit the 2 percent target, although most will this year, and they had a decade to get there. So an incentive is required. The date of 2032 has been floated as a deadline. That's far shorter than previous Nato targets, but military planners estimate that Russian forces could be capable of launching an attack on an ally within 5-10 years. The US insists that it cannot be an open-ended pledge, and that a decade is too long. Still, Italy says it wants 10 years to hit the 5 percent target. Another issue is how fast spending should be ramped up. "I have a cunning plan for that," Rutte said. He wants the allies to submit annual plans that lay out how much they intend to increase spending by. The reasons for the spending hike For Europe, Russia's war on Ukraine poses an existential threat. A major rise in sabotage, cyberattacks and GPS jamming incidents is blamed on Moscow. European leaders are girding their citizens for the possibility of more. The United States also insists that China poses a threat. But for European people to back a hike in national defence spending, their governments require acknowledgement that the Kremlin remains Nato's biggest security challenge. The billions required for security will be raised by taxes, going into debt, or shuffling money from other budgets. But it won't be easy for many, as Spain has shown. On top of that, Trump has made things economically tougher by launching a global tariff war - ostensibly for US national security reasons - something America's allies find hard to fathom.
Time of India
33 minutes ago
- Time of India
The success of a key NATO summit is in doubt after Spain rejects a big hike in defense spending
The success of a key NATO summit hung in the balance on Friday, after Spain announced that it cannot raise the billions of dollars needed to meet a new defense investment pledge demanded by U.S. President Donald Trump . Trump and his NATO counterparts are meeting for two days in the Netherlands from next Tuesday. He insists that U.S. allies should commit to spending at least 5% of gross domestic product, but that requires investment at an unprecedented scale. Trump has cast doubt over whether the U.S. would defend allies that spend too little. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Victoria Principal Is Almost 75, See Her Now Reportingly Undo Setting the spending goal would be a historic decision. It would see all 32 countries invest the same amount in defense for the first time. Only last week, NATO Secretary-General Mark Rutte expressed confidence that they would endorse it. But in a letter to Rutte on Thursday, Prime Minister Pedro Sanchez wrote that "committing to a 5% target would not only be unreasonable, but also counterproductive." Live Events "It would move Spain away from optimal spending and it would hinder the (European Union's) ongoing efforts to strengthen its security and defense ecosystem," Sanchez wrote in the letter, seen by The Associated Press. Spain is not entirely alone Belgium, Canada, France and Italy would also struggle to hike security spending by billions of dollars, but Spain is the only country to officially announce its intentions, making it hard to row back from such a public decision. Beyond his economic challenges, Sanchez has other problems. He relies on small parties to govern, and corruption scandals have ensnared his inner circle and family members. He's under growing pressure to call an early election. In response to the letter, Rutte's office said only that "discussions among allies on a new defense investment plan are ongoing." NATO's top civilian official had been due to table a new proposal on Friday to try to break the deadlock. The U.S. and French envoys had also been due to update reporters about the latest developments ahead of the summit but postponed their briefings. Rutte and many European allies are desperate to resolve the problem by Tuesday so that Trump does not derail the summit, as he did during his first term at NATO headquarters in 2018. Budget boosting After Russia's full-scale invasion of Ukraine in 2022, NATO allies agreed that 2% of GDP should be the minimum they spend on their military budgets. But NATO's new plans for defending its own territory against outside attack require investment of at least 3%. Spain agreed to those plans in 2023. The 5% goal is made up of two parts. The allies would agree to hike pure defense spending to 3.5% of GDP. A further 1.5% would go to upgrade roads, bridges, ports and airfields so that armies can better deploy, and to prepare societies for future attacks. Mathematically, 3.5 plus 1.5 equals Trump's 5%. But a lot is hiding behind the figures and details of what kinds of things can be included remain cloudy. Countries closest to Russia, Belarus and Ukraine have all agreed to the target, as well as nearby Germany, Norway, Sweden and the Netherlands, which is hosting the June 24-25 summit. The Netherlands estimates that NATO's defense plans would force it to dedicate at least 3.5% to core defense spending. That means finding an additional 16 billion to 19 billion euros ($18 billion to $22 billion). Supplying arms and ammunition to Ukraine, which Spain does, will also be included as core defense spending. NATO estimates that the U.S. spent around 3.2% of GDP on defense last year. Dual use, making warfighting possible The additional 1.5% spending basket is murkier. Rutte and many members argue that infrastructure used to deploy armies to the front must be included, as well as building up defense industries and preparing citizens for possible attacks. "If a tank is not able to cross a bridge. If our societies are not prepared in case war breaks out for a whole of society approach. If we are not able to really develop the defense industrial base, then the 3.5% is great but you cannot really defend yourselves," Rutte said this month. Spain wanted climate change spending included, but that proposal was rejected. Cyber-security and counter-hybrid warfare investment should also make the cut. Yet with all the conjecture about what might be included, it's difficult to see how Rutte arrived at this 1.5% figure. The when, the how, and a cunning plan It's not enough to agree to spend more money. Many allies haven't yet hit the 2% target, although most will this year, and they had a decade to get there. So an incentive is required. The date of 2032 has been floated as a deadline. That's far shorter than previous NATO targets, but military planners estimate that Russian forces could be capable of launching an attack on an ally within 5-10 years. The U.S. insists that it cannot be an open-ended pledge, and that a decade is too long. Still, Italy says it wants 10 years to hit the 5% target. Another issue is how fast spending should be ramped up. "I have a cunning plan for that," Rutte said. He wants the allies to submit annual plans that lay out how much they intend to increase spending by. The reasons for the spending hike For Europe, Russia's war on Ukraine poses an existential threat. A major rise in sabotage, cyberattacks and GPS jamming incidents is blamed on Moscow. European leaders are girding their citizens for the possibility of more. The United States also insists that China poses a threat. But for European people to back a hike in national defense spending, their governments require acknowledgement that the Kremlin remains NATO's biggest security challenge. The billions required for security will be raised by taxes, going into debt, or shuffling money from other budgets. But it won't be easy for many, as Spain has shown. On top of that, Trump has made things economically tougher by launching a global tariff war - ostensibly for U.S. national security reasons - something America's allies find hard to fathom.
Time of India
35 minutes ago
- Time of India
Stock market update: Nifty Bank index advances 1.22%
NEW DELHI: The Nifty Bank index closed on a positive note on Friday. Shares of Canara Bank(up 2.23 per cent), Federal Bank Ltd.(up 1.77 per cent), HDFC Bank Ltd.(up 1.52 per cent), State Bank of India(up 1.41 per cent) and ICICI Bank Ltd.(up 1.12 per cent) ended the day as top gainers in the pack. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sudoku That Feels Like Pen & Paper Classic Sudoku Download Undo On the other hand, finished as the top losers of the day. The Nifty Bank index closed 1.22 per cent up at 56252.85. Benchmark NSE Nifty50 index ended up 319.16 points at 25112.4, while the BSE Sensex stood up 1046.3 points at 82408.17. Live Events Among the 50 stocks in the Nifty index, 46 ended in the green, while 4 closed in the red. Shares of Vodafone Idea , RattanIndia Power , Vishal Mega Mart , Suzlon Energy and YES Bank were among the most traded shares on the NSE. Shares of Quality Power Electr , Prostarm Info System , Gallantt Metal , Gillanders Arbuthnot & Co and Indiabulls Enterprises hit their fresh 52-week highs in today's trade, while Navkar Builders , Sadhana Nitro, Lasa Supergenerics, Siemens Energy India and Chembond Chem hit their fresh 52-week lows.
