Buy HDFC Bank, LIC, Senco Gold, and more: Top stock picks for big profits in 2025: Religare Broking

HDFC Bank: Religare Broking has noted that HDFC Bank's credit-to-deposit (CD) ratio saw significant deterioration following its merger with HDFC, reaching a high of 108.4%. However, recent trends indicate a reversal, with the CD ratio dropping to 100.7% in Q2FY25 as the bank focuses on increasing deposits. Despite challenges, HDFC Bank's asset quality remains robust, with both Gross NPA (GNPA) and Net NPA (NNPA) at historically low levels. The brokerage suggests accumulating HDFC Bank shares in the Rs 1,720-1,810 range, targeting Rs 1,920-2,008 levels in 2025.

LIC (Life Insurance Corporation of India): Religare Broking highlighted that LIC has significantly increased its share in non-participating (non-par) products, boosting its Value of New Business (VONB) margins. Over the past year, non-par products' contribution to individual Annualized Premium Equivalent (APE) rose from Rs 967 crore to Rs 3,164 crore, increasing their share from 11.1% to 27.7%. This strategic focus is expected to improve margins further. Investors are advised to accumulate LIC stock in the Rs 840-900 range, with targets set at Rs 840-900 levels.

DLF Ltd: DLF has a strong launch pipeline with a projected sales potential of Rs 41,000 crore for FY2025 and Rs 63,500 crore beyond FY2025. Key upcoming projects include Dahlias (Phase 5), Downtown Gurugram, new developments in Goa and Mumbai, and the next phase of Privana. The management has maintained a pre-sales guidance of Rs 17,000 crore for FY2025. With the residential segment in India experiencing a resurgence, driven by urbanization and increasing household incomes, DLF is well-positioned to benefit. The target range for DLF is Rs 960-1,050, and the suggested accumulation range is Rs 800-850.

Samvardhana Motherson International Ltd (SAMIL): Religare Broking points out that SAMIL is diversifying its revenue streams through its "3CX10" strategy, ensuring no single customer, component, or country contributes more than 10% to its overall revenue. The company has completed 43 strategic acquisitions between 2002 and March 2024 and emphasizes disciplined capital expenditure and prudent financial governance. Investors can accumulate this stock in the Rs 145-160 range, with a target of Rs 175-195.

Amara Raja Energy and Mobility Ltd: Religare Broking highlights Amara Raja's strategic focus on high-growth areas such as data centers, EV batteries, and 5G capex. The company is investing in a giga cell plant and an EV battery pack facility, positioning itself to capitalize on emerging market trends. The suggested target range for Amara Raja is Rs 1,350-1,440.

Senco Gold Ltd: Senco Gold is expanding its presence in the lab-grown diamond jewelry market through its sub-brand, Sennes, targeting the aspirational upper middle class. The brand offers luxury lifestyle products, including jewelry, leather bags, and lab-grown diamonds, with plans to open 8-10 Sennes stores by the end of FY25. Additionally, the recent cut in customs duty on gold imports is expected to boost demand, supporting the company's revenue growth target of 18-20% for FY25. The brokerage suggests a target of Rs 1,200-1,330 for Senco Gold.

Religare Broking recommends focusing on fundamentally strong stocks with solid balance sheets and growth potential, particularly during market dips. These six stocks—HDFC Bank, LIC, DLF, SAMIL, Amara Raja, and Senco Gold—are positioned to deliver strong gains in 2025.

Disclaimer: Consult a financial expert before making any investment decisions.