At the current price, the company is trading at 51.6x/28.3x/22.1x of its FY24E/FY25E/FY26E earnings respectively. We maintained our buy rating on the stock with upgraded price target of Rs 994/- thus providing an upside potential of 24.2%.
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Budget Day Derivatives Strategy by Chola Securities
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Nifty Outlook: The index has been trading in a range post the gap down that was witnessed on 18th Jan. The sell-off was largely led by bearish FII activity in all the segments. As far as FII activity is concerned, FII’s have gone aggressively short in index futures at 87,351 – highest since 30th November […]
DLF had a Blockbuster quarter, launch pipeline strengthens. Buy for target price of Rs 1021 (33% upside): Nuvama
We remain upbeat on DLFU’s growth prospects, driven by strong sectoral tailwinds (industrywide consolidation, record low inventory in its home market, and greater preference for branded luxury inventory), an extensive launch pipeline, and expansion of its annuity portfolio. A strong Balance Sheet with consistent cash flow lends further comfort. We upgrade our TP to INR 1,021 (INR 671 earlier) on a higher sales velocity and a strong launch pipeline. Maintain ‘BUY’
BAJAJ FINANCE delivered 35% YoY AUM growth. Buy for target price of Rs 10,105 (41% upside): BOB Caps
JK Cement’s timely capacity additions ensures strong growth. Buy for target price of Rs 5175 (23% upside): ICICI Direct
Timely capacity additions ensures strong growth… About the stock: JK Cement (JKC), one of the leading manufacturers of cement in India, has a total consolidated capacity of 24.4 million tonnes (mtpa), of which grey cement capacity is 22.2 mtpa and white cement (including wall putty) capacity is 2.2 mtpa. Company also has a 159 MW […]
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