Adani Ports & SEZ (APSEZ) has transformed from a pure-play port operator into India’s most diversified transport and logistics platform, with strong growth visibility across ports, logistics, and marine services.
Coforge’s strong executable order book and resilient client spending across verticals bode well for its organic business. Buy for target price of ₹2240 (29% upside): Motilal Oswal
We believe Coforge’s strong executable order book and resilient client spending across verticals bode well for its organic business. Cross-selling opportunities in Cigniti remain highly synergistic for the company. We value Coforge at 38x FY27E EPS with a TP of INR2,240, implying a 29% potential upside. We reiterate our BUY rating on the stock
Petronet LNG valuations imply the stock is at a point of maximum pessimism. Buy for target price f ₹410 (50% upside): Motilal Oswal
As per our DCF analysis (WACC: 10.5%), at CMP, PLNG is pricing in an unrealistic scenario of a 20% decline in tariffs at the Dahej and Kochi terminals in FY28, with no tariff hike thereafter and 0% terminal growth. At 8.9x FY27E P/E and a ~4.3% dividend yield, we believe valuations are at the rock bottom. Reiterate BUY with a DCF-based TP of INR410
Deep Industries has Offshore Potential with Onshore Expertise. It is a One-Stop Support Partner for O&G Operations – Initiate with BUY for target price of ₹746 (38% upside): Equirus
Ahmedabad-based Deep Industries Ltd. (DIL) began in the 1990s as a pioneer in gas compression services on a charter hire basis and has since expanded its offerings across the oil and gas sector. With over 30 years of experience, the company specializes in a wide range of support services, including natural gas compression, dehydration, processing, drilling and workover rigs, and integrated project management
ITC Hotels has solid fundamentals but valuations are stretched. Sell for target price of ₹215 (12.2% downside): JMFICS
ITCH has a strong debt-free balance sheet with a net cash position of INR 17bn. We expect the company to generate cumulative FCF of INR ~25bn over FY26-28E, which positions it well to fund the planned expansion and also undertake inorganic opportunities. ITCH has three hotel projects (c. 418 keys) in the pipeline and aims to spend c. INR 8bn-9bn on these 3 hotels over FY26E-FY30E
Top 15 Dividend Yield Companies (as of 21st August 2025) by Axis Securities
Top 15 Dividend Yield Companies as of 21st August 2025 segregated from the Large-Cap, PSU stocks, Mid-Cap and Small-Cap space
Hi-Tech Pipes has strong growth prospects in the structural steel tubes space. Buy for target price of ₹120 (36.1% upside): SBI Securities
Hi-Tech Pipes has strong growth prospects in the structural steel tubes space given its (a) Capacity expansion from 0.6 MTPA in FY23, 0.8 MTPA in FY24 to 1 MTPA in FY26E, (b) Transition from generic products to value-added products, (c) Product portfolio enhancement on back of Solar torque tubes, color coated roofing sheets and (d) Healthy demand for structural steel tube over medium and long term.
Sunteck Realty’s Project launches to boost presales growth. Buy for target price of ₹561 (43% upside): Motilal Oswal
Sunteck Realty (SRIN) is on a project acquisition spree with an aim of doubling its GDV every three years, guided by healthy cash flow generation. The company has adopted an asset-light strategy to maintain a lean balance sheet while accelerating execution. Its in-house construction management ensures control over the pace and quality of product delivery. Guided by a strong launch pipeline, the company’s presales are expected to achieve a 24% CAGR over FY25-27E, while its collection and operating cash flow will post a CAGR of 57% and 79%, respectively. We have confidence in SRIN’s growth visibility; hence, we reiterate our BUY rating with a revised TP of INR561/shar
Piramal Pharma has an ambitious roadmap to nearly double revenues in key segments by FY30. Buy for target price of ₹295 (53% upside): JMFICS
We recently hosted Piramal Pharma Ltd at the JM Financial Promoter Conference, represented by Nandini Piramal (promoter and chairperson) and Peter DeYoung (CEO). The management discussed the company’s recent performance and future growth strategy across its core businesses. The company has outlined an ambitious roadmap to nearly double revenues in key segments by FY30, driven by steady organic growth, margin expansion, and increased operating leverage. The management also highlighted the broader industry funding environment, noting its critical importance to sustaining growth. Below are the key takeaways
ETHOS is on a strong growth trajectory. Buy for target price of ₹3722 (48% upside): Yes Securities
ETHOS is expected to continue delivering strong topline growth in the coming years, driven by rising demand for luxury items in India. As one of the largest retailers of luxury watches in the country, ETHOS is well-positioned to benefit from this trend. Incrementally, company has invested in setting up robust store network across key cities which will contribute to higher growth in coming years. Post the recent Rights Issue- company is well capitalized to fuel the upcoming growth & expansion.
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