PCBL Ltd (erstwhile Phillips Carbon Black) is the leading manufacturer of carbon black, which is used as a reinforcing material in tyres
The Axis Top Picks Basket delivered a return of 11.6% in the last six months against the 7.5% returns posted by Nifty 50 over the same period
The Axis Top Picks Basket delivered a return of 11.6% in the last six months against the 7.5% returns posted by Nifty 50 over the same period. Amidst a highly volatile month of Oct’24 that witnessed notably mixed performance across sectors, market caps, and style indices, the Axis Top Picks basket declined by 4.4% in Oct’24 (Till 1st Nov’24 closing) but managed to beat the market performance as the benchmark Nifty 50 declined by 5.8% over the same period.
Shalby is making right strides with calibrated growth. Buy for target price of ₹310 (35% upside): ICICI Direct
Started by renowned orthopaedic surgeon Dr Vikram Shah, Shalby is a multi-specialty hospitals chain with expertise in joint replacement.
Dividend Yield Monitor 2nd November 2024 by SBI Securities
The dividend yield is computed based on the closing price of 1st November 2024. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22and FY22/CY21. The * mark indicates data for CY23. The **mark indicates data for year ending Jun’23
DLF has a strong growth story given its robust launch pipeline. Buy for target price of ₹1081 (30% upside): Nuvama
We remain upbeat on DLFU’s growth prospects on strong sectoral tailwinds (industry-wide consolidation, record low inventory in its home market, and greater preference for branded luxury inventory), an extensive launch pipeline, and expansion in its annuity portfolio. A strong Balance Sheet, with consistent cash flow, lends comfort. We revise our TP to INR1,081 (INR1,087 earlier). Maintain ‘BUY’.
IPO: Swiggy is well recognized as a leader and a pioneer in hyperlocal commerce innovation. Subscribe to the IPO: SBI Securities
Swiggy Ltd (Swiggy) is a new-age technology company offering users an easyto-use convenience platform accessible through a unified app to browse, select, order & pay for food, grocery & household items (Instamart) and have their orders delivered to their doorstep through on-demand delivery partner network (Genie)
Aditya Birla Capital Ltd has demonstrated solid performance, achieving strong growth in the loan book while maintaining asset quality. Buy for target price of ₹280 (37% upside): SBI Securities
The company has demonstrated solid performance, achieving strong growth in the loan book while maintaining asset quality. Management has reiterated its guidance on both growth and credit cost fronts. We expect the lending businesses both Aditya Birla Finance Ltd. & Aditya Birla Housing Finance Ltd.
Arvind Smartspaces is positioned at a transformative point, from which exponential growth is expected. Buy for target price of 1085 (40% upside): Axis Securities
The company is confident in achieving its guidance of 30-35% growth in pre-sales. With a total inventory of approximately Rs 10,000 Cr (ongoing, upcoming, and BD), it is positioned at a transformative point, from which exponential growth is expected. The company is prepared to expand across different geographies and is inclined to undertake more vertical projects in the future. Its balance sheet strength supports a substantial increase in BD while maintaining growth momentum.
Coal India has superlative return ratios (RoCE’s at ~30%+), healthy net cash positive b/s and robust dividend yield (~6%). Buy for target price of ₹585 (33% upside): ICICI Direct
We remain positive on Coal India amidst healthy volume growth on anvil, superlative return ratios (RoCE’s at ~30%+), healthy net cash positive b/s and robust dividend yield (~6%). We assign BUY rating to Coal India with target price of ₹585 i.e. 5.5x EV/EBITDA on FY26E
Archean Chemical Industries Ltd has Twin Tailwind from Dual Expansion. Buy for target price of ₹943 (58% upside): KR Choksey
We firmly believe ACI is on the right track to expand into more critical, value-added products. On one hand, the expansion into bromine derivatives, and on the other side, the recent strategic investments into semiconductor and energy storage system, highlight the company’s intent to move deeper into the value chain and gradually transition away from commodity-type business. We reiterate our “BUY” rating on the stock, valuing it at a P/E multiple of 19x on FY26 EPS, with a target price of 943
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