PNC Infratech is a strong executor in roads & water infra segments. It reported 30.6% revenue CAGR in FY18-23; operating margin of 13-14% & robust return ratios (RoCE: ~20%). Asset monetisation is a key trigger. If fructified, scalability would improve drastically
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Buy PNC Infratech for target price of Rs 460
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JB Pharma is preferred pick in Pharma stocks (18-09-2023)
JB Pharma is preferred pick due to aggressive growth focus, high return ratios, lean B/S & healthy FCF. It is outpacing industry growth. Strong performance from inorganic opportunities is boosting growth. Growth in margin accretive CDMO business expected to remain strong
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JB Pharma is preferred pick in Pharma stocks
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JB Pharma is preferred pick in Pharma stocks
KEC is well-placed to capitalize on the government’s thrust on capex (16-09-2023)
KEC is on the cusp of a major turnaround driven by stellar growth & margin recovery. It is the leader in T&D EPC with a market share of ~20-25%. It is well-placed to capitalize on the government’s thrust on capex. Order book is strong. Revenue visibility is robust
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KEC is well-placed to capitalize on the government’s thrust on capex
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KEC is well-placed to capitalize on the government’s thrust on capex
Kilpest has huge growth potential. Buy for 43% upside potential (16-09-2023)
Kilpest's molecular diagnostics business is a niche segment with strong potential. Market size is Rs 300+cr with huge growth potential. It has 10%+ market share. Co is cash-rich (Rs 151 cr) & will earn FCF of Rs 69 cr over the next three years. It is at a discount of ~51% to average P/E ratio of peers. Buy for 43% upside...
Kilpest has huge growth potential. Buy for 43% upside potential
Kilpest has huge growth potential. Buy for 43% upside potential
Astra Microwave Products is well poised for strong growth ahead (16-09-2023)
AMPL is well poised for strong growth ahead led by strong sector tailwinds. It has domain expertise, strong R&D & manufacturing capabilities. The order-book position is healthy with buoyant prospects & pipeline presents strong growth visibility. TP Rs 510
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Astra Microwave Products is well poised for strong growth ahead
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Astra Microwave Products is well poised for strong growth ahead
Five Star can become a formidable player with huge untapped opportunity of INR 22trn (10-09-2023)
Five Star has more than 2 decades lending experience in small business loans & become a formidable player. It is uniquely positioned to capture the largest pie of the huge untapped opportunity of INR 22trn. 37% AUM growth in FY23 reflects its agility and business resiliency
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Five Star can become a formidable player with huge untapped opportunity of INR 22trn
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Five Star can become a formidable player with huge untapped opportunity of INR 22trn
Beta Drugs is one of the leading players in the domestic oncology space (09-09-2023)
BETA DRUGS is well placed to capitalise on growth opportunities in the oncology drugs segment. It has a healthy Balance Sheet. Average RoE in past three years is 24%. P/E ratio is 15x. Revenue/earnings CAGR of 26%/33% over FY23–26 is expected. TP is Rs 1325
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Beta Drugs is one of the leading players in the domestic oncology space
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Beta Drugs is one of the leading players in the domestic oncology space
Buy Lemon Tree Hotels for target price of Rs 140 (40% upside) (09-09-2023)
LTHL has leadership position in midscale hotels segment with ~19% market share. It is well poised to capitalize from impending uptick in the hospitality industry. Its new hotel Aurika is likely to be a key growth driver & crown jewel with 75% occupancy & 2x ARR. Buy for target price of Rs 140 (40% upside)
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Buy Lemon Tree Hotels for target price of Rs 140 (40% upside)
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Buy Lemon Tree Hotels for target price of Rs 140 (40% upside)
Atarco acquisition is a win-win deal for Gokex (03-09-2023)
Atarco acquisition is a win-win deal for Gokex. it will gain duty free access to the US & European markets. The acquisition is at a reasonable valuation & EPS accretive. It has diversified its footprint, added new global brands & increased its production capacity in low-cost regions
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Atarco acquisition is a win-win deal for Gokex
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Atarco acquisition is a win-win deal for Gokex
Nifty is in short term downtrend (03-09-2023)
Stock Futures are at ATH indicating higher leveraged positions. Nifty is in short term downtrend, making lower tops & lower bottoms. It is below 20 & 50 day SMA. 14 week RSI oscillator too is in decline mode, suggesting scope for more downside in near term
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Nifty is in short term downtrend
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Nifty is in short term downtrend