Positive about its battery chemicals’ business, Himadri Specialty Chemicals intends to double profit in three years to ~Rs8bn, thanks to its specialty carbon black capacity expansion, liquid coal-tar pitch (CTP) exports commencing, debottlenecking 20% of CTP capacity and the rising share of value-added products (eg, oils)
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Inox Wind is well-Positioned to Benefit from Tailwinds in the Wind Sector. Buy for target price of ₹185 (33% upside): Axis Securities
We initiate coverage of Inox Wind Limited (IWL) with a BUY recommendation and a target price of Rs 185/Share, implying an upside potential of 33% from the CMP. Inox Wind is a fully integrated wind energy solutions provider. The company is engaged in the business of manufacturing and selling wind turbine generators (WTGs). It also provides erection, procurement, and commissioning (EPC), operations and maintenance (O&M), and common infrastructure facilities services for WTGs and wind farm development services
Ratnaveer Precision Engineering is riding on multiple tailwinds. Buy for target price of ₹200 (32% upside): ICICI Direct
Ratnaveer Precision Engineering (RPEL), established in 2002, is a Gujarat based stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes
IPO: Stanley Lifestyles Limited is well placed to encash on the healthy growth opportunity in premium furniture market. Subscribe: SBI Securities
Stanley Lifestyles Limited is a super-premium and luxury furniture brand in India, one of the country’s few home-grown super-premium and luxury consumer brands. According to the RedSeer Report, the company is the fourth largest player in the home furniture segment in India based on revenue in FY23.
Elgi Equipment is moving in the right direction in the global markets. Buy for target price of ₹835 (22% upside): ICICI Direct…
Elgi is the second largest player in the Indian air compressor market (~22% market share) and among the top eight players globally
Bajaj Electricals is making strides in its transformation journey. Buy for target price of ₹1200 (15% upside): HDFC Sec
We initiate coverage on Bajaj Electricals (BJE) with a BUY rating and target price of INR 1,200. We believe BJE is a play on the growth opportunity in FMEG and anticipated rural recovery, given (1) its diverse product offerings along with a leadership position within key categories in home and kitchen appliances; (2) its well-entrenched distribution network; and (3) its higher rural saliency vs peers (c.2x of peers)
Nifty March 25 Base Case target is 24600 (20x March 25 P/E). Top 16 stocks to buy for up to 44% upside by Axis Securities
In our base case, we roll over the Nifty target to Mar’25 to 24,600 by valuing it at 20x on Mar’26 earnings. While the medium to long-term outlook for the overall market remains positive, we may see volatility in the short run with the market responding in either direction. Keeping this in view, the current setup is a ‘Buy on Dips’ market
List of High Dividend Yield Stocks by HDFC Securities
We present hereunder a table of companies (CNX 500 stocks) that offer dividend yield of 3.00% and above
Sobha’s valuation is supportive, at discount vs. peers, risk-reward favourable. Buy for target price of ₹2639 (21% upside): HDFC Sec
In our Sobha (SDL) deep dive note ‘R’eset, ‘R’estart, ‘R’efocus = ‘R’erating, we had premised our investment thesis on a strong demand undercurrent in the Bengaluru market and SDL hitting the Reset-Restart button. Since then, the stock has more than trebled (3.4x), business development has taken a big leap, and the launch pipeline has fattened.
Mankind Pharma has strong brand visibility, sustainable earning growth and superior return ratios. Buy for target price of ₹2650 (20% upside): Motilal Oswal
We expect a 16% earnings CAGR for MANKIND over FY24-27. Considering its strong brand visibility, sustainable earning growth and superior return ratios, we value MANKIND at 40x12M forward earnings (30% premium to the Healthcare sector PE) to arrive at a TP of INR2,650.
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