Given the visibility of steady growth and improving margins (to 22% in FY27E from 16.7% in FY24), we are initiating coverage with a BUY and a TP of INR 1,800
Posts in category investments
Top Stock Picks Basket with up to 38% return potential by Axis Securities
Bottom-up stock picking with a focus on ‘Growth at a Reasonable Price’ and ‘Quality’ would be keys to generating satisfactory returns in the next one year.
Dividend Yield Monitor 2nd December 2024 by SBI Securities
The dividend yield is computed based on the closing price of 29th November 2024. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22 and FY22/CY21
Dharmesh Shah of ICICI Securities says Nifty target is 25000 & has recommended stocks to buy on dips
Going ahead, we expect Nifty 50 to form a higher base while holding the key support zone of 23,700-23,500, which would set the stage for challenging immediate hurdle of 24,500 and eventually head towards 25, 000 in the month of December. Hence, dips should be utilized to accumulate quality stocks in a staggered manner
ITC is a good buy due to the demerger of ITC Hotels
ITC has already announced the demerger of its hotels business. As part of the scheme, ITC Hotels will become a separate entity which will get listed on the bourses. Shareholders of ITC Limited will be given the shares of the ITC Hotels if they own the stock as on the record date which would be […]
The alco-bev market could be the next big billion-dollar opportunity: Madhu Kela
In an interview with CNBC TV18, Madhu Kela pointed out that India is the world’s third-largest alco-bev market by volume, trailing only China and the United States. He explained that the market is projected to grow from ₹1,70,000 crore in FY15 to ₹5,00,000 crore by FY28. However, per capita consumption, particularly of beer, remains significantly lower than global standards, suggesting vast room for expansion
DCB Bank is set to reclaim its great growth legacy. Buy for target price of ₹169 (39% upside): SMIFS
We view DCB will likely serve as a ‘beacon’ of growth, delivering stronger-than-system loans growth and continuing its legacy of doubling the loan book in 3-4 years. Further, its margins are set to expand despite rate cuts, as management tactfully re-calibrates to higher yielding business mix. DCB would also benefit from better fees (higher customer engagement) and improving costs (productivity benefits).
Bharat’s Swarna Kaal: Analysis of Emerging Stock Ideas by Nuvama
Nuvama has conducted a detailed stock analysis of the most promising emerging stocks like Aimtron Electronics, AWFIS Space Solutions, Balu Forge Industries, Can Fin Homes, Concord Control Systems Ltd, Jana Small Finance Bank Karnataka Bank Ltd, Knowledge Marine & Engineering Works Ltd, Krystal Integrated Services Ltd, Megatherm Induction, Repco Home Finance, Shivalic Power Control, Shriram Pistons & Rings V2 Retail Ltd etc
L&T Finance’s Project Cyclops, the AI-driven multi-dimensional underwriting engine, will hog the limelight. Buy for target price of ₹200 (42% upside)
L&T Finance (LTF), during its Investor Digital Day 2024 (Link) (on 25 Nov’24), provided key insights into its project Cyclops – an AI-driven, multi-dimensional underwriting engine. The MD & CEO, as part of his opening address, highlighted LTF’s transition from being a wholesale lender to diversifying retail and digital initiatives, making it future ready with digital at the core
Equity Investment Strategy Post Maharashtra Assembly Election 2024 by Axis Securities
Time to Act now! – After the recent correction, we believe the market is in the oversold zone. The number of stocks trading above 200 day day-moving average in the NSE 500 universe is hovering around 38% and the long-term average is 55%. Two months back, this number was hovering around 85-90%, typically indicating the overbought territory of the market. In the last 40-50 days, the market saw the journey from overbought to oversold.
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