Lumax Auto Technologies (LAT), est. since 1981, is a leading auto ancillary player with diversified portfolio serving both OEMs and aftermarket. It has a history of successful JVs with 26 plants across 6 states in India
Awfis Space Solutions is scaling profitably with consistent execution. Buy for target price of ₹1004 (57% upside): Nuvama
We are bullish on AWFIS’ long-term growth prospects given the: i) favourable demand-supply gap, ii) strong inventory additions, iii) improving occupancy, iv) capital-light growth, and v) robust Balance Sheet. We remain confident in the management’s ability to deliver profitable growth. At the CMP, the stock trades at a FY27E P/E of 14.9x. Maintain ‘BUY’
Natco has the ability to focus on blockbusters which are capable of generating robust cash flows. Buy for target price of 1305 (50% upside): ICICI Direct
Natco has, over the years, developed a knack for manufacturing
complex generic products with few competitors, especially for the US market.
BLS International Services Ltd has high growth potential in digital services. Buy for target price of ₹637 (61% upside): Nuvama
The USD2.6bn visa outsourcing industry has high entry barriers and is dominated by three players, with VFS Global commanding a market share of 50–55%. BLSIN and TLS Contact each control 10–15%. Despite being less than two decades old, only 40% of the visa market is outsourced, up from 22% in 2010, thus offering significant growth potential
List of Top 15 Dividend Yield Companies by Axis Securities
Top 15 Dividend Yield Companies segregated by large-cap stocks, PSU stocks, Mid-cap stocks & small-cap stocks Top Dividend Yield Stocks_14th February,2025_14-02-2025_17
Suraj Estate Developers has leadership in redevelopment projects in South Central Mumbai. Buy for target price of ₹661 (89% upside): Nuvama
Owing to: i) a robust project lineup, ii) leadership in redevelopment projects in South Central Mumbai, iii) strong cost advantage and a proven track record in redeveloping 33(7) projects, iv) a huge addressable market, and v) a healthy Balance Sheet with predictable cash flows, we are optimistic about SURAJEST’s growth story. We maintain ‘BUY’ but revise our TP of INR661, valuing the stock at 1x FY26E NAV
NCC is a key beneficiary of the tailwinds in the buildings, roads, water, mining and electrical segments. Buy for target price of ₹265 (33% upside): ICICI Direct
NCC is a key beneficiary of the tailwinds in the buildings, roads, water, mining and electrical segments. Given the strong order book visibility, execution is likely to improve ahead
Stylam Industries has strong revenue visibility from upcoming plant. Buy for target price of ₹2800 (60% upside): HDFC Securities
We interacted with the Stylam Industries (Stylam) promoter. Management is targeting to double its revenue in the next 4 years. It is confident domestic sales will pick up in next 2-3 quarters. It has major plans to ramp up sales in the US market, which will accelerate the company’s growth rates. Management’s focus is to sell higher value-added products, which will improve the company’s margin profile. As per management assessment, in the next few months, the government might levy anti-dumping duty on low-cost and low-quality acrylic dumping by Chinese/Korean entities.
H.G. Infra Engineering’s margin remains elevated; Prospects remains bright! Buy for target price of ₹1914 (51.4% upside): SMIFS
HG Infra is well-positioned to achieve 16.1% revenue CAGR over FY24-27E, to be propelled by its strong existing order book position and expectations of better inflows. Further, margins are likely to remain elevated with an expectation of 15.5% in FY27. Consequently, EBITDA is projected to improve at 14.7% CAGR. Furthermore, we anticipate 14.6% (adj.) PAT CAGR over FY24-27E with controlled depreciation and finance costs. At CMP, the stock (excl. investments) is trading at 7.5x FY27E P/E. On SOTP methodology, our target price arrives at Rs1,914/share. BUY
PVR Inox stock is presently undervalued. Buy for target price of ₹1860 (66% upside): ICICI Securities
PVR Inox’s ad revenue grew ~36% QoQ to ~INR 1.48bn (highest quarterly ad-income post Covid) in Q3FY25, which in our view is an encouraging development. However, sustainability of ad revenue is contingent on recovery of content pipeline. While Hollywood pipeline looks better in CY25 compared to what we saw over the last 2 years, there is still limited visibility of Hindi content. Also, asset monetisation plan, which could have materially improved EBITDA to PAT conversion, is unlikely to materialise in near term. Therefore, we have cut PAT by 38.3%/21.0% for FY26/27E and TP to INR 1,860 (17.3%). We believe the stock is presently undervalued and steps taken by the management such as moving towards a more capital-efficient model may re-rate the stock in medium term. Maintain BUY
Recent Comments