JBCP is well-positioned to capitalize on immediate growth opportunities. We expect 29% EPS CAGR over FY24-26E aided by 1) Strong growth from domestic business (CAGR of 15% FY24-FY27E), 2) ~30% growth over FY24-FY26E from acquired portfolios, 3) scaling up of high margin CDMO business on the back of new therapy launches and 4) robust FCF generation. We maintain our Buy rating on the stock with similar target price to Rs 2,217, valuing the company at 36x Sept’26E EPS
APTUS reported a healthy quarter led by pick up in disbursements, steady spreads and asset quality. Management remained confident of maintaining strong AUM growth and stable asset quality in FY25. APTUS’s core strengths and prudent underwriting practice provide comfort. At CMP the stock is trading at 3.4x FY26 BV with RoA/ RoE of 7%/ 21%. We maintain our BUY rating on the stock with an unchanged target price of Rs. 425, valuing the company at 4.2x FY26E book value.
PCBL Ltd (erstwhile Phillips Carbon Black) is the leading manufacturer of carbon black, which is used as a reinforcing material in tyres
The Axis Top Picks Basket delivered a return of 11.6% in the last six months against the 7.5% returns posted by Nifty 50 over the same period. Amidst a highly volatile month of Oct’24 that witnessed notably mixed performance across sectors, market caps, and style indices, the Axis Top Picks basket declined by 4.4% in Oct’24 (Till 1st Nov’24 closing) but managed to beat the market performance as the benchmark Nifty 50 declined by 5.8% over the same period.
Started by renowned orthopaedic surgeon Dr Vikram Shah, Shalby is a multi-specialty hospitals chain with expertise in joint replacement.
The dividend yield is computed based on the closing price of 1st November 2024. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22and FY22/CY21. The * mark indicates data for CY23. The **mark indicates data for year ending Jun’23
We remain upbeat on DLFU’s growth prospects on strong sectoral tailwinds (industry-wide consolidation, record low inventory in its home market, and greater preference for branded luxury inventory), an extensive launch pipeline, and expansion in its annuity portfolio. A strong Balance Sheet, with consistent cash flow, lends comfort. We revise our TP to INR1,081 (INR1,087 earlier). Maintain ‘BUY’.
Swiggy Ltd (Swiggy) is a new-age technology company offering users an easyto-use convenience platform accessible through a unified app to browse, select, order & pay for food, grocery & household items (Instamart) and have their orders delivered to their doorstep through on-demand delivery partner network (Genie)
The company has demonstrated solid performance, achieving strong growth in the loan book while maintaining asset quality. Management has reiterated its guidance on both growth and credit cost fronts. We expect the lending businesses both Aditya Birla Finance Ltd. & Aditya Birla Housing Finance Ltd.
The company is confident in achieving its guidance of 30-35% growth in pre-sales. With a total inventory of approximately Rs 10,000 Cr (ongoing, upcoming, and BD), it is positioned at a transformative point, from which exponential growth is expected. The company is prepared to expand across different geographies and is inclined to undertake more vertical projects in the future. Its balance sheet strength supports a substantial increase in BD while maintaining growth momentum.
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