Which is the best share for 2023?

1. Larsen & Toubro
2. ICICI Bank
3. Tata Motors
4. ITC
5. LIC
6. Indian Hotels
7. Dixon Technologies
8. BEML
9. Amara Raja Batteries
10. Venky’s India

Fundamentals of some of the stocks are:

ICICI Bank Ltd.

Strengths

Over the past 3 years:

• ROA of 1.31%.
• Return on Equity of 11.60%.
• NIM of 3.41%.
• CASA stands at 48.70% of total deposits.

Limitations

• Low interest coverage ratio.
• Poor sales growth of 9.38% over past five years.

ITC Ltd.

Strengths

In the last 3 years:

• ROE of 24.39%.
• ROCE of 30.86%.
• Debt free.

Limitations

• Profit growth of 6.50%.
• Revenue growth of 7.78%.

Life Insurance Corporation of India

Strengths

• Debt free.
• 3 Years ROE track record of 76.4%.

Limitations

• Trading at 14.0 times its book value.
• Poor sales growth of 7.92% over past five years.

Venkys (India) Ltd

Strengths

• Interest coverage ratio of 13.89.
• Cash Conversion Cycle of 20.93 days.
• Promoter holding of 56.11%.

Limitations

In the last 3 years:

• Profit growth of -1.82%.
• Revenue growth of 13.08%.

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Investors has to be a little more careful about what to get into if there are corrections. Instead of chasing the stocks aggressively, be a little more mindful of the valuations.