Month: March 2024

• investments

ITD Cementation has healthy financial performance & Robust and diversified order book position. Buy for target price of Rs 353 (15% upside): SBI Securities

Arjun March 31, 2024

Reasonable valuation: At the current market price, the stock trades at FY24E/FY25E P/E multiple...

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• investments

South Indian Bank’s acceleration in transformation will drive valuation. Buy for target price of Rs 35 (25% upside): ICICI Direct

Arjun March 30, 2024

With business transformation imbibed & new competitive leadership, current trajectory of business restructuring is expected...

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• investments

BSE is gaining strength. Buy for target price of Rs 3050 (24% upside): HDFC Sec

Arjun March 29, 2024

The stock is up 86% in the last six months, led by market ...

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• investments

Pricol is best placed to play premiumisation trend in instrument cluster domain. Buy for target price of Rs 450 (20% upside): ICICI Direct

Arjun March 28, 2024

We assign BUY rating on Pricol amid levers to grow ahead of industry (targeting...

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• investments

InterGlobe Aviation is firmly poised to drive the “Towards newer heights and across new frontiers” strategy. Buy for target price of Rs 4009 (22% upside): ICICI Securities

Arjun March 27, 2024

We have been positive on InterGlobe Aviation (IndiGo) led by favourable demand-supply equation and...

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• investments

Review of three key footwear companies, CAMPUS, METRO & Relaxo by SMIFS

Arjun March 26, 2024

We initiate coverage on the three key footwear companies. Based on the current valuations...

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• investments

FCL witnessed a strong quarter, with standalone profits for 9MFY24 jumping 101%. It is expect to perform better in future. Buy for target price of Rs 571 (65% upside): Deven Choksey

Arjun March 25, 2024

For Q3FY24, Fineotex Chemical’s(FCL) posted a revenue of INR 1385 Mn growing by 26%...

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• investments

Engineers India has a healthy order book position with solid track record. Buy for target price of Rs 240 (23% upside): ICICI Direct

Arjun March 24, 2024

Valuation at 18.8x P/E on FY26E basis looks attractive given the strong visibility on...

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• investments

Granules India has compelling risk-reward matrix. Buy for target price of Rs 515 (21% upside): ICICI Direct

Arjun March 23, 2024

Granules is a large-scale vertically integrated company that manufactures API, intermediates and finished dosages....

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• investments

Cochin Shipyard will witness significant YoY growth in revenues & profitability over FY24-26E. Buy for target price of Rs 1055 (20% upside): ICICI Direct

Arjun March 22, 2024

We expect CSL to witness significant YoY growth in revenues & profitability over FY24-26E,...

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