HDFC Life is trading at 2.1x FY26E P/EV. We continue to value the stock at 2.8x FY26E P/EV– a 30% discount to the long-term mean – while raising our FY24-FY26 embedded value (EV) estimates by ~3% each to bake in the strong economic variance seen this quarter
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Satin Creditcare Network is riding On High Growth and Attractive Valuation. Buy for target price of Rs 324 (25% upside): SBI Sec
Satin Creditcare Network Ltd. (SCNL) is one of India’s largest Microfinance Institutions (MFI) in terms of Gross Loan Portfolio operating out of Gurugram with a strong presence in North India. It started in 1990 as a provider of individual and small business loans and savings services to urban shopkeepers
High Conviction Stock Ideas by KRChoksey Research
![High Conviction Stock Ideas by KRChoksey Research](https://rakesh-jhunjhunwala.in/wp-content/uploads/High-Conviction-Stock-Ideas.jpg)
High Conviction Stocks Idea Attributes • Company: a) Sound / resilient business; b) Consistent strong financials; c) High growth potential; and d) High return on invested capital • Industry: a) Market leaders / Strong brand value; b) High growth opportunities; c) Strong entry barriers • Management: a) Visionary Leadership; b) Strong & Effective Management; and […]
Review of Bank and NBFC/HFC Stocks with Buy and reduce recommendations by HDFC Sec
![Review of Bank and NBFC/HFC Stocks with Buy and reduce recommendations by HDFC Sec](https://rakesh-jhunjhunwala.in/wp-content/uploads/Bank-and-NBFC-Stocks-to-buy.jpg)
Emerging long-tail risks in unsecured credit India’s heterogenous unsecured retail credit market (US$160bn; 3-year CAGR at ~23%) has been in the headlines ever since the RBI clamped down on select categories of consumer credit. Our discussions with experts suggest that the RBI’s note of caution is largely centred on small-ticket personal loans (STPL) (ticket size
Arvind Fashions is perfectly positioned for a valuation re-rating. Buy for target price of Rs 660 (48% upside): Nuvama
Arvind Fashions (ARVINDFA) has a strong portfolio of brands like U.S. Polo Assn. (USPA), Arrow, Tommy Hilfiger (TH), Calvin Klein (CK), and Flying Machine (FM). It is into designing, sourcing, marketing, and selling of a wide portfolio of branded men, women, and kids’ readymade apparel, footwear, innerwear, and other accessories via EBOs, MBOs, LFS, and e-commerce platforms
Sobha is aiming for higher scale with strong balance sheet. Buy for target price of Rs 1400 (25% upside): Motilal Oswal
Targeting sustainable growth with healthy cash flows and profitability After underperforming its listed peers on pre-sales growth over FY21-23, we believe SOBHA is set to outperform in terms of growth given its focus on unlocking its vast land reserve and exploring external growth opportunities through its healthy balance sheet. The outperformance is also expected to […]
Ahluwalia Contracts has strong pedigree & is poised to ride on the upcycle. Buy for target price of Rs 958: SMIFS
Ahluwalia Contracts (India) Ltd (Ahluwalia), a company with an extensive experience spanning over four decades, belongs to an exclusive group of contractors that possess the requisite qualifications to undertake large-scale building projects in India. It has demonstrated the ability to adapt to changing circumstances and has emerged successful during various economic cycles. At present, the […]
Expert Rahul Shah of MOFSL has recommended a buy of PSU Banks for up to 30% upside gain
![Expert Rahul Shah of MOFSL has recommended a buy of PSU Banks for up to 30% upside gain](https://rakesh-jhunjhunwala.in/wp-content/uploads/PSU-Bank-stocks-to-buy.png)
Expert says that PSU banks were hammered so badly in the last few years that many are still trading at one-time book. So, despite the rally, they are still good buys. The NPA cycle has peaked. Asset quality will continue to improve. Growth will keep coming. State Bank, Canara Bank & PNB are top picks
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