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.
We remain positive on Coal India amidst healthy volume growth on anvil, superlative return ratios (RoCE’s at ~30%+), healthy net cash positive b/s and robust dividend yield (~6%). We assign BUY rating to Coal India with target price of ₹585 i.e. 5.5x EV/EBITDA on FY26E
We firmly believe ACI is on the right track to expand into more critical, value-added products. On one hand, the expansion into bromine derivatives, and on the other side, the recent strategic investments into semiconductor and energy storage system, highlight the company’s intent to move deeper into the value chain and gradually transition away from commodity-type business. We reiterate our “BUY” rating on the stock, valuing it at a P/E multiple of 19x on FY26 EPS, with a target price of 943
Bandhan Small Cap Fund is the topper in the small-cap category with a return of 60.36% since the last Diwali. LIC MF Small Cap Fund gave 45.02% return in the same period, followed by ITI Small Cap Fund which gave 44.94% return in the same horizon
Rahul Sharma of JMFICS says the market (Nifty at 24000) is oversold & has reached “value zone” which means one can expect maximum upside opportunity. It is time to buy the fear. Large Caps are exhibiting highly favourable risk reward at current levels and can do well inspite of challenges. He has recommended 10 stocks for 18% to 37% upside potential
Afcons Infrastructure Ltd. (AIL) is a flagship infrastructure, engineering and construction company of Shapoorji Pallonji group. The company specialises into execution of challenging, complex and unique Engineering, Procurement and Construction (EPC) projects both in domestic and international markets
Keeping the key filter of quality and growth visibility, we continue to see reasonable opportunities across the market spectrum. Investors are advised to utilize equities as a key asset class for long term wealth generation by investing in quality companies with strong earnings growth and visibility, stable cash flows, RoE and RoCE.
Samvat 2081 is set to be a pivotal year for the global economy. We begin this new Samvat amid a global rate cut cycle, with the US FED reducing interest rates by 50bps during its Sep’24 FOMC meeting and signalling two more rate cuts for the remainder of 2024, along with the possibility of four additional cuts in 2025. In response to this development, the RBI, in its recent MPC meeting, shifted its policy stance from “withdrawal of accommodation” to “neutral,” signalling that a rate cut could be expected within the next 6-9 months
We believe that SAMVAT 2081 is likely to be bottoms-up stock pickers market. Investors should adopt trading/investment strategy so as to preserve the wealth created post Covid pandemic and temper down return expectations for the next 6-12 months. New investors should adopt gradual and well spread-out capital deployment strategy for next 3-6 months so as to reap benefits in the second half of Samvat 2081
RBL posted a miss in earnings (~33%) with PAT at Rs2.2bn/0.6% RoA, mainly due to dip in NIM to ~5%, higher staff cost (owing to pay hikes and ~800-900 in-house collection fleet added in Q2), and LLP (led by higher slippages in CC + MFI book). Credit growth also moderated to 15% YoY due to the bank’s strategy to prune its low-yielding corporate book and slowdown in unsecured loan growth (including Cards and MFI); however, the bank remains focused on building its high yielding secured retail/SME book for better RaRo
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