28-04-2025
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.
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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.
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