Year: 2024

• investments

Arvind Smartspaces is one of the fastest growing real estate companies. Buy for target price of ₹1085 (43% upside): Axis Securities

Arjun September 24, 2024

We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and...

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• investments

Lumax Auto Technologies is well diversified & poised for healthy growth ahead. Buy for target price of ₹750 (30% upside): ICICI Direct

Arjun September 23, 2024

Lumax Auto Technologies (LAT), is a leading auto ancillary player with diversified portfolio serving...

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• investments

Persistent Systems is in a league of its own as a diversified product engineering and IT services player, justifying a premium valuation multiple. Buy for target price of ₹6300 (21% upside): Motilal Oswal

Arjun September 22, 2024

PSYS is capitalizing on increased opportunities arising from fatigue among larger firms, positioning itself...

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• investments

GAIL (India) is trading at an inexpensive 8.8X FY26E earnings. Buy for target price of ₹260 (23% upside): HDFC Sec

Arjun September 21, 2024

GAIL is trading at 11.6x Mar-26E EPS, only 1% premium to its five-year average...

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• investments

Adani Ports is expected to outpace India’s overall growth. Buy for target price of ₹1850 (31% upside): Motilal Oswal

Arjun September 20, 2024

APSEZ is expected to outpace India's overall growth, driven by a balanced port mix...

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• investments

Senco Gold has significant re-rating scope. Buy for target price of ₹1600 (14% upside): Emkay

Arjun September 19, 2024

Senco offers the best brand accessibility vs peers in terms of product, price, and...

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• investments

Stovekraft is a challenger brand gunning for leadership position. Buy for target price of ₹1350 (56% upside): Emkay

Arjun September 18, 2024

We initiate coverage on Stovekraft (SKL), the leading kitchen and home appliance player (brand...

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• investments

Bajaj Housing Finance will be among top-4 mortgage players in the medium term. Buy for target price of ₹210 (27% upside): Philip Capital

Arjun September 17, 2024

Bajaj Housing Finance Ltd (BHFL) was classified as an upper-layer NBFC as per scale-based...

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• investments

Aadhar is a large affordable HFC (Rs211 bn of AUM in FY2024, 7% market share in the affordable segment) with a long track-record, well-diversified geographical presence and customer profile. Buy for target price of ₹550 (41% upside): Kotak Institutional Equities

Arjun September 17, 2024

We initiate coverage on Aadhar with a BUY rating and RGM-based FV of Rs550/share...

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• investments

HG Infra has strong balance sheet, return ratios and healthy working capital cycle. Buy for target price of ₹1885 (21% upside): ICICI Direct

Arjun September 16, 2024

HG Infra Engineering Ltd is a Jaipur (Rajasthan) based infrastructure company having primary focus...

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