KAYNES is rapidly scaling up its smart meter business to tap the huge 250m (INR750b) smart meter market over the next few years. Smart meters are gaining momentum due to India's RDSS scheme which aims to replace 250m conventional meters by CY25. TP ₹6400
KAYNES is rapidly scaling up its smart meter business to tap the huge 250m (INR750b) smart meter mar
Vijay Kedia has increased his holding in Precision Camshaft from 1.16% to 2.10%. Investment is worth ₹51 Cr. M-Cap is ₹2500 Cr. Promoters hold 65%. Ajay Upadhyaya holds 2.11%. Co is a leading supplier of auto components to marquee global OEMs. Co also does retrofitting of LCVs
![[IMG]](https://pbs.twimg.com/media/GZ8RhntWQAA5Ba-?format=png&name=small)
Prashant Jain's 3P Fund & Vikas Khemani's Carnelian Fund have invested in newly listed Interarch Building Products. IPO was at ₹900. M-Cap is ₹2500 Cr. Promoters hold 53%. Co provides turnkey pre-engineered steel buildings. Order Book is ₹1350 Cr. Demand is growing due to PMAY-U and other Govt schemes etc
![[IMG]](https://pbs.twimg.com/media/GZ3S_3TbcAAtBtb?format=png&name=360x360)
IREDA's business growth & margins are aided by Govt’s focus on renewable sector. Foray in retail segment is aiding delivery of steady return ratio on a sustained basis. Capital raising of ₹4500 Cr will aid future growth & is book accretive. TP ₹280 (25%)
Vikas Khemani says he is "highly bullish" on the IT sector & that it is one of the "best opportunities"to benefit from the US interest rate cycle. BFSI spending is picking up in the US. Tier 1 cos are reporting robust growth. His Fund holds Newgen Software
Vijay Kedia & Akash Bhanshali are big beneficiaries of Sudarshan's takeover of Heubach. Kedia holds 1.44% worth ₹116 Cr. Bhanshali holds 8.1% worth ₹650 Cr. Entity will be major player in specialty chem in USA & Europe. EBITDA will rise from ₹300 Cr to ₹800 Cr within 3 years
![[IMG]](https://pbs.twimg.com/media/GZ1As_yWYAACnPa?format=png&name=small)
IREDA's business growth & margins are aided by Govt’s focus on renewable sector. Foray in retail segment is aiding delivery of steady return ratio on a sustained basis. Capital raising of ₹4500 Cr will aid future growth & is book accretive. TP ₹280 (25%)
IREDA's business growth & margins are aided by Govt’s focus on renewable sector. TP ₹280 (25%)
Oil India is a strong conviction BUY. It is a unique play to benefit from the strong multi-year uptrend in both upstream & refining. Share price has declined 22% in the last 5 weeks. Valuations are inexpensive. Dividend yield is 2.9%/3.2%. TP ₹720 (+25%)
Oil India is a strong conviction BUY. Target price is ₹720 (25% upside)
Goldman Sachs has flagged 3 concerns
1) CPCB-IV transition has made diesel gensets 15-25% more expensive &with competitors introducing more SKUs in high KVA gensets, expect incremental mkt share gains to be at expense of profitability
2) Expect BESS & other alternatives to reduce overall demand of diesel gensets in medium-to-long term
3) Weak macro environment & stringent emission norms should keep exports growth rates lower
Avalon stands out in the EMS landscape as the only player with a significant manufacturing presence in the US. It is successfully navigating challenges with a well-defined recovery plan for its US business alongside continued growth in its domestic operations. TP ₹690
Avalon stands out in the EMS landscape as the only player with a significant manufacturing presence
![[IMG]](https://pbs.twimg.com/media/GZ8RhnuW8AAuNUs?format=jpg&name=large)
![[IMG]](https://pbs.twimg.com/media/GZ3S_3ObAAACD6V?format=png&name=medium)
![[IMG]](https://pbs.twimg.com/media/GZ2zGxyasAAi6fE?format=png&name=small)
![[IMG]](https://pbs.twimg.com/media/GZ1As8SWEAgZycw?format=png&name=small)