Hot Stocks: Brokerage view on JSW Energy, Havells India, HDFC Bank and Sheela Foam
Structural growth is back into focus alongside a cyclical kicker. Concerns of past two years over now; capital allocation to return accretive. In terms of valuation, it is the best choice to play the consumer electricals business. Sustained revenue share gains, a higher share of premium products, and a turnaround at Lloyd to aid margins.