To benefit from the tailwinds of the above-mentioned trends, we have identified a list of stocks from our coverage universe which can compound their earnings consistently over the next 3-5 years while maintaining healthy return metrics and balance sheet
CELLO is currently trading at 34x FY26E EPS with RoE/RoCE of 32%/39% in FY26E. We believe that the company will be able to successfully scale up new businesses and expand SKUs and distribution reach in order to evolve as a leading brand in the respective segments. We reiterate our BUY rating with a TP of INR1,100 (premised on 45x FY26E EPS)
We initiate coverage on Polycab, KEI, and RRKABEL with a BUY rating as we expect them to benefit from the favorable industry trends and report healthy earnings growth over FY24-26. We believe these companies will maintain their premium valuations. We value: Polycab at 50x FY26E EPS to arrive at our TP of INR7,500, KEI at 50x FY26E EPS to arrive at our TP of INR5,000, and RRKABEL at 40x FY26E EPS to arrive at our TP of INR2,200
Bajaj Finance (Bajaj) is the only NBFC in India that prioritises customer ‘ownership’ over mere ‘lending’. Providing financial solutions to India’s burgeoning aspirational middle class forms the crux of Bajaj’s unique business model, which will allow the business to showcase >25% growth in AUM and RoE in the near futur
We initiate coverage on Man Infraconstruction (MICL) with a BUY recommendation. Our recommendation is supported by a) Healthy project pipeline; b) Asset–light business model, and c) Strong execution capabilities. Based on our DCF valuation method, we arrive at a Target Price of Rs 270/share, implying an upside of 28% from the current levels
We initiate a bullish BUY rating on Puravankara Ltd (PURVA) based on following factors: (1) Presales to grow at 20%CAGR over FY23-26E, (2) Debt and Debt Coverage well under control, (3) Strong execution track record over the decade, (4) Strong P&L recognition expected in next 5-7 years, (5) paradigm shift in focus following onboarding of new CEO
We believe the market fundamentals will be driven by “narrative” in the near term, especially in the absence of any major trigger. The market will continue to find direction based on 1) Macroeconomic developments, 2) Direction of bond yields, 3) Oil prices & dollar index, 4) Q4FY24 earning season, and 5) Pre-election cues.
The compulsory dematerialisation of insurance policies from 1st April will open new opportunities for the four IRDA-registered insurance repositories (NDML, CAMS, KARVY and CIRL). The current penetration is very low at 2% and will increase rapidly with the regulatory push
This would help unlock value-creation opportunities and craft a well-articulated capital allocation strategy for the two entities. All ABFRL shareholders will have identical shareholdings in the newly formed entity
Hindalco Industries Limited (“Hindalco” or “the company”) is the metals flagship company of the Aditya Birla Group, headquartered in India. The company is primarily involved in the business of Aluminium and Copper and operates across ten countries globally
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