IGPL is a net cash company with strong foothold in domestic market focussing on forward integration, diversified clientele set, long decadal experience & growth focussed management
Kenneth Andrade’s OLD BRIDGE MUTUAL FUND has AUM of Rs 179.33 Crores. Pharma stocks have the highest allocations. There are no Bank stocks in the portfolio
Kenneth Andrade’s OLD BRIDGE FOCUSED EQUITY FUND is an Open-ended Equity Scheme investing in maximum 30 stocks (Multi Cap). Its priorities are to buy enduring business models with emphasis on limiting capital losses, which is why emphasis is given on buying at the right price and value.
By doing this, a margin of safety is built in to protect the portfolio even if the estimates are on the wrong side
All stars are aligning for Indo Count Industries; valuation re-rating is on cards. Buy for target price of Rs 430 (46% upside): Nuvama
With a strong clientele, expanding product bouquet, entry into new export markets, shift in the product mix towards premium products, and cumulative capex of INR1,000cr by FY24-end, ICNT aims to double revenue over the next three-to-four years with margin expansion. We upgrade our TP to INR430 from INR350 earlier
Adani Ports is well positioned to surpass revised guidance of FY24. Buy for target price of Rs 1600: Motilal Oswal
APSEZ is well on track to cross its revised cargo volume guidance of 400 MMT during FY24. It continues to gain market share while generating strong cash flows and maintaining its leverage position, with a net debt-to-EBITDA ratio of 2.5x as of Dec’23. We increase our volume estimates by 2-3% for FY24-26. Over FY24-26, we expect APSEZ to register 10% volume growth and a CAGR of 15%/16%/18% in revenue/EBITDA/PAT. With consistent outperformance in cargo volumes, we increase the target multiple to 17x EV/EBITDA (earlier 16x) and reiterate our BUY rating with a revised TP of INR1,600
J Kumar Infraprojects is an Important Player to Ride on Indian Urban Infrastructure Landscape. Buy for target price of Rs 900 (25% upside): Axis Securities
We initiate coverage on J Kumar Infraprojects Limited (JKIL) with a BUY recommendation and a Target Price (TP) of Rs 800/share, implying an upside of 25% from the CMP. We believe JKIL, with its substantial order book, formidable market position, experienced management team, and sound financial standing, is poised to capitalize on the long-term structural changes in the infrastructure sector. These changes are being driven by the government’s emphasis on infrastructure development and the emergence of new opportunities in the construction space
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