We initiate a bullish BUY rating on Puravankara Ltd (PURVA) based on following factors: (1) Presales to grow at 20%CAGR over FY23-26E, (2) Debt and Debt Coverage well under control, (3) Strong execution track record over the decade, (4) Strong P&L recognition expected in next 5-7 years, (5) paradigm shift in focus following onboarding of new CEO
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9 Trading Buys (Earnings Play) by Axis Securities for returns expectations of 5-10%
We believe the market fundamentals will be driven by “narrative” in the near term, especially in the absence of any major trigger. The market will continue to find direction based on 1) Macroeconomic developments, 2) Direction of bond yields, 3) Oil prices & dollar index, 4) Q4FY24 earning season, and 5) Pre-election cues.
4 Stocks That Will Rock In April 2024 By Yes Securities
Hindalco Industries Limited (“Hindalco” or “the company”) is the metals flagship company of the Aditya Birla Group, headquartered in India. The company is primarily involved in the business of Aluminium and Copper and operates across ten countries globally
Top 8 Defence Stocks to buy now for up to 27% return by Nirmal Bang
Even with a sharp run-up in the stock prices of the defence basket (Nifty India Defence index 6m returns- 37%); our outlook on the sector remains optimistic due to the following factors: (1) visibility into long-term execution growth supported by a strong order book and a healthy pipeline; (2) timely execution facilitated by localization, integrated modular construction, and subcontracting; (3) government preference and domain expertise; (4) cash-rich balance sheets that prevent significant working capital challenges due to stage payments; and (5) in-house research and development investments and suitable technological supportEven with a sharp run-up in the stock prices of the defence basket
Coal India has superlative return ratios (RoCE’s at ~40%) & healthy net cash positive b/s. Buy for target price of Rs 550: ICICI Direct
We have a positive view on Coal India amidst healthy volume growth on anvil, superlative return ratios (RoCE’s at ~40%), healthy net cash positive b/s and its leading contribution to India’s energy needs. We assign BUY rating to Coal India with target price of ₹550 wherein we have valued it at 5x EV/EBITDA on FY26E. High dividend yield of ~6% is added positive
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