Celebrating India’s 79th Independence Day with a ‘Freedom Portfolio’
As India celebrates its 79th Independence Day in 2025, market experts have shared a list of nine stocks that investors can add as part of their ‘Freedom Portfolio’. These stocks have been recommended by top market experts, including Shrikant Chouhan, executive vice president and head of equity research at Kotak Securities Ltd., Vinit Bolinjkar, head of research at Ventura Securities, Chakri Lokapriya, CIO-Equities at LGT Wealth, and Avinash Gorakshakar, director of research at Profitmart Securities.
State Bank of India (Buy | Target price: Rs 1,000)
State Bank of India is a top pick among market experts, with a target price of Rs 1,000. The bank has shown robust momentum in its SME portfolio, with asset quality remaining resilient and no visible stress. This makes it an attractive bet for investors looking for a stable and secure investment.
Reliance Industries (Add | Target price: Rs 1,605)
Reliance Industries is another top pick, with a target price of Rs 1,605. The company’s retail business outlook is sanguine, with Reliance Retail being three times the size of the next largest retailer and five times the size of the next largest listed retailer. The company has also filed for the demerger of Reliance Consumer Products Ltd. from Reliance Retail Ventures Ltd., which is expected to boost growth.
InterGlobe Aviation (Buy | Target price: Rs 7,000)
InterGlobe Aviation, the parent company of IndiGo, is a top pick among market experts, with a target price of Rs 7,000. The company is well-placed to pull back in Q2 and see a strong second half of the fiscal on higher capacities. IndiGo operated at a higher-than-industry load factor in Q1 and continues to see success in domestic stretch and long-haul international operations.
HBL Engineering
HBL Engineering is at the forefront of India’s railway modernisation and defence indigenisation. The company has a 45% market share in the Kavach ATP system and a 70% market share in defence batteries. With a Rs 3,618 crore order book, the company has 3–5 years revenue visibility and is expected to grow at a 30% CAGR from FY25–FY28. The company is debt-light, with a debt-to-equity ratio of 0.05, and has a high return on invested capital of 22%.
Manorama Industries
Manorama Industries is a high-margin specialty fat leader with explosive growth ahead. The company is a global leader in sal and mango-based specialty fats, with high client stickiness from top brands like Mars, Hershey’s, and Nestlé. The company has grown its earnings at a 66% net profit CAGR from FY21–FY25, with a revenue CAGR of 40% and Ebitda CAGR of 53%. The company has a strong R&D setup with a global footprint in Africa, UAE, and Brazil.
SBI
State Bank of India is a top pick among market experts, with a valuation at 1.3 times the FY27 earnings estimates. The company has stable asset quality and prudent risk management, with a Bloomberg target price upside of 20%. The company delivers resilient performance despite macro headwinds, with NIM compression limited last quarter.
Kalpataru Projects
Kalpataru Projects is expected to grow its revenue at 21% and 15.9% in FY26 and FY27, respectively. The stock trades at a reasonable 17 times FY27 price-to-earnings, with a Bloomberg target price upside of 25%.
BLS International (Buy | Target price: Rs 525)
BLS International is a global visa processing and G2C services outsourcing leader. The company has a strong track record of acquisitions and entry into newer markets, with a business model that is asset and capital-light. The company expects a net profit of Rs 630 crore in the current year.
Yatra Online (Buy | Target price: Rs 180)
Yatra Online is the largest corporate travel services provider, with a contracted 80,000 domestic hotels and homestays in 1,497 cities. The company has a customer base of over 1,300 large corporates and an addressable employee base of 90 lakh. The company expects a stronger second half of the year, with a re-rating of the stock expected.
Senco Gold (Buy | Target price: Rs 400)
Senco Gold had a very strong June quarter, with sales of Rs 1,826 crore and a net profit of Rs 103 crore. The company is a strong player in eastern India and plans to ramp up store expansions this year.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
These 9 stocks are a mix of established players and growth-oriented companies, offering a balanced portfolio for investors. However, it’s essential to do your own research and consult with a financial advisor before making any investment decisions.