At the current price, the company is trading at 43.9x/30.4x/20.0x of its FY24E/FY25E/FY26E earnings respectively. We maintain our buy rating on the stock with an upgraded price target of Rs 1,868.5/- thus providing an upside potential of 26.7%
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Chola Securities’ Fundamental & Technical Stock Recommendations Have Given Good Returns To Investors & Traders
![Chola Securities’ Fundamental & Technical Stock Recommendations Have Given Good Returns To Investors & Traders](https://rakesh-jhunjhunwala.in/wp-content/uploads/Chola-Securities-Fundamental-Technical-Stock-Recommendations.jpg)
Chola Securities has issued a report card as to how their Fundamental & Technical Stock Recommendations have fared. All recommendations have given good returns to investors & traders. The initiating coverage recos have given 69%. The Dark Horses basket hsa given 34%. The Evergreen basket has given 23%. Diwali Picks have given 57% return
Senco (Prashant Jain’s 3P is invested) has huge headroom to grow given its strong legacy in the jewellery business. Buy for target price of Rs 920: SBI Securities
We believe Senco has huge headroom to grow given its strong legacy in the jewellery business, expanding footprint through a strong and diverse distribution channel, focus on light affordable jewellery with better price point and healthy growth visibility from both its company operated and franchise stores
Gabriel India is on strong footing, healthy growth lies ahead. Buy for target price of Rs 440 (20% upside): ICICI Direct
We assign BUY rating on Gabriel India amidst structural levers in place for industry leading topline growth, double digit margin endeavour, capital efficient business model, healthy cash rich B/S, EV agnostic product profile, gaining prominence in PV-SUV space, foray into premium segment offering (i.e., sunroof systems) and leadership position in E-2W/3W space
Fineotex Chemicals (Ashish Kacholia portfolio stock) has a strong track record of growth. Buy for target price of Rs 531 (42% upside): KR Choksey
FCL has showcased a strong track record of growth in revenues with 3 year Revenue CAGR of 38% as on FY23 supported by robust margins, average 5 year PAT margins coming in at 15% as on FY23. FCL is a growing specialty chemical manufacturer with international strategic partnerships with Eurodye-CTC, Belgium & HealthGuard Australia which will drive further growth opportunities for the company both in India & abroad
Aditya Birla Capital has a strong foundation for sustained execution. Buy for target rice of Rs 230 (23% upside): Motilal Oswal
ABCL is rapidly emerging as one of the most adept in terms of capabilities across sourcing (prospecting), underwriting (onboarding), and collections (renewals) within in its lending (protection) businesses. It has clearly made healthy progress toward its vision of “One ABC, One Customer, One Experience,” positioning itself to take rapid strides toward driving higher cross-sell across its business
SJS Enterprises Ltd will deliver robust earnings. Buy for target price of Rs 825 (36% upside): SBI Securities
Key highlights of the 3QFY24 Result Margin improves sequentially; Long term growth remains intact The company during the quarter has reported 51.0%/45.2%/32.7% YoY increase in Net sales/EBITDA/PAT to Rs 160.9 cr/Rs 41.2 cr/Rs 20.9 cr respectively. The company’s domestic sales clocked 51.9% YoY growth on back of 54.4% YoY growth in PV business and 217.4% […]
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