Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

SJS Enterprises is expected to outperform the industry growth by 2x. Buy for target price of ₹1425 (16.6% upside): JMFICS



SJS Enterprises share price target

We recently visited SJS’s manufacturing facilities in Bengaluru. The company has built end-toend capabilities, spanning from product ideation to final output. It covers all key technologies and is the only player among its peers in India to operate a 2K injection molding process. The company showcased its full range of new-age products (in-mold labelling (IML), in-mold design (IMD), in-mold electronics (IME), chrome plating, cover glass, etc.), highlighting how these offerings are expected to increase content per vehicle by 4x–6x compared to legacy products

Delhivery is expected to see significant re-rating. Buy for target price of ₹450 (24.7% upside): JMFICS



Delhivery Share Price Target

Delhivery has outperformed the market since announcing the acquisition of Ecom Express, we believe the uptick only reflects the benefits of consolidation. We expect significant re-rating considering the subdued headwinds over the coming year – 1) plateauing of Meesho’s insourcing at c.65%, and 2) rise in e-commerce shipments. Furthermore, we expect FY26 to see the peak impact of channel shift towards Quick Commerce and the impact would start tapering FY27 onwards

4 High Conviction PSU Banking Stocks by HDFC Securities



4 High Conviction PSU Banking Stocks

The Indian PSU banking (PSB) sector, once considered structurally broken, is experiencing early signs of a secular turnaround, buttressed by a combination of governance reforms (balance sheet repair and recapitalization), modernized digital stack, and a gradual turnaround in the quality and sustainability of earnings.

Subscribe to HDB Financial Services Ltd IPO. It is backed by strong parentage, brand, governance, risk management and a high credit rating: SBI Securities



HDB Financial Services Ltd

HDB Financial Services Ltd (HDBFS) is categorized as an upper-layer NBFC by the Reserve Bank of India. It is the 4th largest diversified retail-focused NBFC (by Gross Loan Book size) as of Mar’25. It is a subsidiary of HDFC Bank, which is the largest private sector bank in India in terms of total assets as of Mar’25

Bansal Wire Industries: Capacity expansion, VAP are growth catalysts; initiating, with a Buy for target price of ₹550 (46% upside): Anand Rathi



Bansal Wire Industries share price target

Incorporated in 1985, Bansal Wire is the second largest manufacturer of steel wire in India and the largest stainless steel wire manufacturer. With five plants in north India it expects to raise consolidated capacity ~2.5x to 0.679m tonnes, surpassing Tata Steel’s ~7-8% market share in steel wiring. It is venturing into high-growth, high-margin steel cord, low relaxation prestressed concrete and bead wires

Top 15 Dividend Yield Companies



Top 15 Dividend Yield Companies

Top 15 Dividend Yield Companies as of 18th June 2025 in Large Cap, PSU Stocks, Mid Cap and Small Cap categories.

Swiggy is an asymmetric play to the upside! Buy for target price of ₹535 (50% upside): IIFL Capital



Swiggy share price target

We initiate coverage on Swiggy with a BUY rating and 12-mth DCF based target price of Rs535, implying 50% potential upside. Swiggy is India’s second-largest food tech company, with Food delivery (FD), Quick commerce (QC), and other verticals. We forecast Swiggy to deliver 28% revenue Cagr over FY25-28ii and become Ebitda/PAT positive by FY27ii/28ii.

Siemens Energy is a play on decarbonization. Buy for target price of ₹3000 (28% upside): HDFC Securities



Siemens Energy share price target

Siemens Energy India Ltd (SEL) captures the maximum value among its peers as it has products/solutions covering a larger market size, viz., decarbonization, power generation, power evacuation, grid automation, EPC services, and clean energy like green hydrogen and battery storage. Over the years, this has been a highly profitable business for Siemens India which has clocked 22.6% EBITDA margin during H1FY25 (5 months)

DCB Bank is being re-oriented towards being customer-centric. Buy for target price of ₹175 (22% upside): ICICI Securities



DCB Bank Share Price Target

We met Mr Praveen Kutty, MD&CEO of DCB Bank (DCB). Highlights: 1) Management is re-orienting DCB towards being customer-centric, as opposed to being product-centric earlier. Over the medium term, management believes this should ideally enable higher customer engagement, enrich depth of relationship, improve cross-selling, lower cost of acquisition and scale benefits and in whole, position the bank better vs. competition.

Galaxy Surfactants is scaling with strategic clarity and focus. Buy for target price of ₹3180 (34% upside): Motilal Oswal



Galaxy Surfactants share price target

Over the past 10 years, GALSURF has demonstrated its ability to scale profitably while navigating cyclical and regional challenges. During FY15-25, the company doubled its total volumes, supported by deeper market penetration and category expansion, particularly in rinse-off personal care and home care products. During this same period, EBITDA tripled, driven by operational efficiencies, product mix enhancement, and innovation. PAT grew 5x, reflecting sharp execution and cost control

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Disclaimer: This is a Fan Site in Rakesh Jhunjhunwala's name. Rakesh Jhunjhunwala is not associated with us and is in no way aware, accountable or responsible for what is stated here. Further, nothing here constiutes investment advice for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!