Given the strong opportunity from the key segment driving the topline and earnings growth visibility coupled with stable balance sheet, we initiate coverage with a BUY rating on the stock.
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Patel Engineering has huge Opportunity ahead. Buy for target price of ₹80 (36% upside): ICICI Direct
Hindalco is a Conviction Idea which is enriching product portfolio for long term growth. Buy for target price of ₹780 (26% upside): ICICI Direct
We have a positive view on Hindalco driven by its strategic capacity expansion at Novelis and Indian operations, structural drivers in place for healthy demand of Aluminium metal and controlled leverage on B/S (Debt: Equity at ~0.5x). We assign BUY rating on the stock with target price at ₹780 wherein we have valued it at 7.5x EV/EBITDA on FY26E
Angel One is one of the best core portfolio plays on the secular growth story in the Indian capital markets. Buy for target price of ₹3580 (28% upside): HDFC Sec
ngel One remains one of the best core portfolio plays on the secular growth story in the Indian capital markets. However, we continue to believe that the unit economics is beginning to plateau, especially given early signs of diminishing marginal utility from newly-acquired customers. We maintain ADD with a target price of INR3,580 (20x Sep-25E EPS)
BJP’s 2024 manifesto promises policy continuity! Top Stock Ideas By MOFSL
The Nifty is trading well within its long-period average P/E of ~20x FY25E EPS. We continue to stay OW on domestic cyclicals, e.g., BFSI, Industrials, Real Estate and Consumer Discretionary, and maintain UW on IT with Equal Weight on Healthcare, Automobile, Metals, O&G and Telecom
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