Aditya Birla Capital Ltd is a financial conglomerate well poised for accelerated growth!!! Buy for target price of ₹280 (26.2% upside): SBI Securities

Aditya Birla Capital Limited (ABCL) is a diversified financial services group that operates in various businesses including non-banking finance, housing finance, life insurance, standalone health insurance, asset management, stock and securities broking, wealth services and asset reconstruction. ABCL has envisioned the ‘One ABC One P&L’ approach, which focuses on a business strategy that revolves around the three levers i.e One Customer, One Experience and One Team. ABCL has been prioritizing creating seamless, technology-driven loan processes by utilizing its group-level ecosystem

Nifty 12 month target using FY25E EPS & PE of 22x is 27,500. Use dips to build a long-term portfolio of quality stocks: ICICI Direct

Incorporating revised earnings, our estimates don’t undergo any major change. We value Nifty at 27,500 i.e. 22x PE on FY26E, offering healthy 12% potential upside. This is our 12 months rolling target. We are upgrading our PE valuation multiples to 22x vs. 20x earlier amid greater macro-economic stability, firm political mandate, thrust on policy continuity & further attractiveness of equity as an investment class vs. peers. Decline in interest rates will be further positive.

APL Apollo Tubes Ltd’s valuation still looks attractive for long-term investors on back of large growth drivers. Buy for target price of ₹1669 (24% upside): SBI Securities

APL Apollo Tubes (APAT) during the quarter reported 9.4%/-0.2% YoY increase in Net sales/PAT at Rs 4,974 cr and Rs 193 cr respectively. The company achieved its highest ever quarterly sales volume of 7,21,000 tonnes in 1QFY25 with EBITDA and PAT increasing 8%/13% QoQ. The demand environment for the structural steel tubes industry was tough, impacted by general elections and ongoing slowdown in retail spending

Senco Gold has huge headroom to grow given its strong legacy in the jewellery business. Buy for target price of ₹1319 (20% upside): SBI Securities

We believe Senco has huge headroom to grow given its strong legacy in the jewellery business, expanding footprint through a strong and diverse distribution channel, focus on light affordable jewellery with better price point and healthy growth visibility from both its company operated and franchise stores. We maintain BUY on the stock and upgrade our target price to Rs 1,319 which implies an upside potential of 20.0% for 12-18 months

TCI Express Ltd remains on track to achieve profitable growth. Buy for target price of ₹1350 (28% upside): Sharekhan

TCI has been affected by a sluggish macro environment, although it has performed well vis-à-vis industry peers. The company remains on track to achieve profitable growth, although some volume gets sacrificed in the near term. We introduce our FY2027E earnings in this note

Sky is not the limit for Sky Gold. It is scoring gold on all parameters. Buy for target price of ₹3600 (53% upside): Nuvama

Factoring in its recent blockbuster performance, we have upgraded our estimates slightly. We expect revenue/EBITDA/PAT to grow 53%/56%/70% over FY24–27. Its recent fund raising will result in a slight dilution in EPS which we expect to grow at 63% CAGR. SKYGOLD can be a longterm compounding story. Given its record of overachieving its targets in the past; aggressive growth for FY24-27 and execution capabilities of management, we think that SKYGOLD can be a long-term growth story

Hindalco has shown robust performance, profitable growth lies ahead. Buy for target price of ₹825 (32% upside): ICICI Direct

Hindalco, part of Aditya Birla group, is India’s largest fully integrated aluminium and copper manufacturer. US based wholly owned subsidiary i.e. Novelis is the world’s largest aluminium flat-rolled products (FRP) producer and recycler.

KPI Green Energy has very strong order book; Ambitious vision to execute 10 GW of power by 2030. Buy for target price of ₹1246 (24.6% upside): SBI Securities

At the current price, the stock is trading at 47.2x/29.5x of its FY25E/FY26E earnings respectively. We maintain our buy rating on the stock with an upgraded price target of Rs 1,246/- thus providing an upside potential of 24.6%.

Azad Engineering stands at an interesting juncture & has a long runway ahead. Buy for target price of ₹2450 (49% upside): ICICI Securities

We believe Azad stands at an interesting juncture where a massive TAM is complemented by an upcoming 95,000m2 facility. The comparison with engine products division shows that a company with 80x revenue can also record EBITDA growth of 31% and record EBITDA margin of 31.2%. Hence, we believe Azad’s journey has just begun, particularly in view of its existing customer base and potential. Besides, the adjacent opportunities in nuclear power and ATGG engines are a plus. We maintain BUY on Azad with DCF-based unchanged TP of INR 2,450

Sobha provides strong growth visibility by unlocking its vast land reserves. Buy for target price of ₹2250 (32% upside): Motilal Oswal

Sobha continues to provide strong growth visibility by unlocking its vast land reserves. Additionally, the ongoing fund raise and strong cash flows will enable the company to focus on new land acquisitions, which will further enhance its growth pipeline