SEBI has clamped down on frothy revenue pools which is adverse to Angel One. Target price reduced from ₹3500 to ₹2750: HDFC Securities

In its efforts to clamp down on the rising irrationality in option volumes (F&O), the SEBI has directed exchanges and market infrastructure institutions (MII) to discontinue the practice of charging turnover-linked slab-wise fee structures, and levy uniform transaction charges instead. While exchanges currently levy regressive slab-wise fees (higher the turnover, lower the fees), brokers usually charge their customers at the highest prescribed slab rate, resulting in excess profit residing with brokers, especially discount brokers, which is accounted as “ancillary transaction income”

Axis Top Picks Basket July 2024

The Axis Top Picks Basket delivered an excellent return of 11.8% in the last three months against the 7.5% return posted by Nifty 50 over the same period. This implies that the Axis Top Picks Basket beat the benchmark by a wide margin of 4.3%.

NCC will benefit from the Amravati Capital City project. Buy for target price of ₹395 (25% upside): ICICI Direct

NCC is a key beneficiary of the tailwinds in the buildings, roads, water, mining and electrical segments. Given the strong order book visibility, and improving balance sheet strength, it is poised for a healthy growth ahead

Himadri Specialty Chemicals’ Profit to double in three years, with better margins & RoCE: Anand Rathi

Positive about its battery chemicals’ business, Himadri Specialty Chemicals intends to double profit in three years to ~Rs8bn, thanks to its specialty carbon black capacity expansion, liquid coal-tar pitch (CTP) exports commencing, debottlenecking 20% of CTP capacity and the rising share of value-added products (eg, oils)

Inox Wind is well-Positioned to Benefit from Tailwinds in the Wind Sector. Buy for target price of ₹185 (33% upside): Axis Securities

We initiate coverage of Inox Wind Limited (IWL) with a BUY recommendation and a target price of Rs 185/Share, implying an upside potential of 33% from the CMP. Inox Wind is a fully integrated wind energy solutions provider. The company is engaged in the business of manufacturing and selling wind turbine generators (WTGs). It also provides erection, procurement, and commissioning (EPC), operations and maintenance (O&M), and common infrastructure facilities services for WTGs and wind farm development services

Ratnaveer Precision Engineering is riding on multiple tailwinds. Buy for target price of ₹200 (32% upside): ICICI Direct

Ratnaveer Precision Engineering (RPEL), established in 2002, is a Gujarat based stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes

IPO: Stanley Lifestyles Limited is well placed to encash on the healthy growth opportunity in premium furniture market. Subscribe: SBI Securities

Stanley Lifestyles Limited is a super-premium and luxury furniture brand in India, one of the country’s few home-grown super-premium and luxury consumer brands. According to the RedSeer Report, the company is the fourth largest player in the home furniture segment in India based on revenue in FY23.

Elgi Equipment is moving in the right direction in the global markets. Buy for target price of ₹835 (22% upside): ICICI Direct…

Elgi is the second largest player in the Indian air compressor market (~22% market share) and among the top eight players globally

Bajaj Electricals is making strides in its transformation journey. Buy for target price of ₹1200 (15% upside): HDFC Sec

We initiate coverage on Bajaj Electricals (BJE) with a BUY rating and target price of INR 1,200. We believe BJE is a play on the growth opportunity in FMEG and anticipated rural recovery, given (1) its diverse product offerings along with a leadership position within key categories in home and kitchen appliances; (2) its well-entrenched distribution network; and (3) its higher rural saliency vs peers (c.2x of peers)

Nifty March 25 Base Case target is 24600 (20x March 25 P/E). Top 16 stocks to buy for up to 44% upside by Axis Securities

In our base case, we roll over the Nifty target to Mar’25 to 24,600 by valuing it at 20x on Mar’26 earnings. While the medium to long-term outlook for the overall market remains positive, we may see volatility in the short run with the market responding in either direction. Keeping this in view, the current setup is a ‘Buy on Dips’ market