ANUP is a derivative play on the robust capex upcycle in refining and petrochemicals, renewables, and hydrogen initiatives. It has ample headroom to sustain growth ahead, with the addition of new capacity at the Kheda plant, gradual shift towards complex metallurgy products, and a robust export market, backed by strong execution (with an impeccable record of on-time delivery)
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%
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
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
Even so, we still expect the company to clock a robust EPS CAGR of 48.8% over FY23-FY26. This coupled with reasonable valuations leads us to maintain our BUY rating. The stock is trading at 26.5x on 1Y forward P/E vs. its historical average of 33.6
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
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
We continue to like Star Cement given its established track record in one of the fastest growing cement markets of North-East and East. Its medium-term plan to diversify outside North-East and East also looks prudent
Our BUY recommendation on IRM Energy (IRM) with a target price of INR 665/sh is premised on (1) a ~40% CAGR volume growth over FY24-26E and (2) robust margins
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
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