Valuation still attractive; Maintain buy rating- Target Rs 1,137/- At the current price, Zen Technologies is trading at 36.8x/26.1x of its FY25E/FY26E earnings respectively. We maintained our buy rating on the stock with upgraded price target of Rs 1,137.0/- thus providing an upside potential of 20.4 %
SBI has demonstrated its strength in the last few quarters both on core operating performance and asset quality. Management remains confident on growth, maintenance of margins and improvement in RoA. Sustained balance sheet growth (13-15%), strong liabilities franchise and prudent asset quality is expected to aid RoA at ~1% in FY25-26E. Gains on treasury and recovery from existing stressed book to act as catalyst. Valuing the bank at ~1.6x FY26E BV and subsidiaries at ~₹184/share, we revise our target price at ₹1000 (from ₹800). Maintain Buy
Considering HIL’s dominant market position in the domestic fiber cement sheet industry and its commitment to achieve USD 1 bn revenue over next 3-4 years, we continue to value the stock at 10xFY26e EPS of Rs. 309.3 to arrive at a target price of Rs. 3093. We continue to have a “Buy” rating on the stock
We thereby downgrade BSE to REDUCE, based on regulatory uncertainty, expected growth moderation in FY26E and rich valuations. Our target price of INR 2,860 is based on 35x (vs 40x earlier) core FY26E PAT + CDSL stake + net cash ex SGWe thereby downgrade BSE to REDUCE, based on regulatory uncertainty, expected growth moderation in FY26E and rich valuations. Our target price of INR 2,860 is based on 35x (vs 40x earlier) core FY26E PAT + CDSL stake + net cash ex SGWe thereby downgrade BSE to REDUCE, based on regulatory uncertainty, expected growth moderation in FY26E and rich valuations. Our target price of INR 2,860 is based on 35x (vs 40x earlier) core FY26E PAT + CDSL stake + net cash ex SG
TBO Tek Limited is a top travel distribution platform operating in 100+ countries. The company’s platform connects suppliers (hotels, airlines, car rentals, cruises, etc.) and buyers (travel agencies, tour operators, etc.) through a two-sided technology platform
The Anup Engineering (TAEL) is one of the leading manufacturers of process equipment like heat exchangers, vessels, reactors, columns etc. Company supplies this equipment to sectors like oil & gas, petrochemicals, chemicals, fertiliser, power, aerospace and other process Industries in India and worldwide
The company is well-placed to cater to the niche segment with strong origination skills, understanding of the customers’ needs as well as focus on smaller cities. We expect these factors will help in garnering market share going ahead.
Company Overview: Indegene Ltd is a technology led digital commercialization provider to the life science industry, including biopharmaceutical, emerging biotech and medical device companies. The company provides technology led expertise and capabilities that assists clients with drug development, clinical trials, regulatory submissions, pharmacovigilance, complaint management and sales & marketing services. Indegene operates across i) Enterprise […]
UltraTech is strongly placed to benefit from its aggressive capacity addition plans with focus on further reducing cost structure. We expect revenue to grow at ~10.8% CAGR over FY24-26E while EBITDA and PAT are expected to grow at 18.1% and 21.2% CAGR respectively over the same period
The dividend yield is computed based on the closing price of 30th April 2024. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY23/CY22, FY22/CY21 and FY21/CY20
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