Even so, we still expect the company to clock a robust EPS CAGR of 48.8% over FY23-FY26. This coupled with reasonable valuations leads us to maintain our BUY rating. The stock is trading at 26.5x on 1Y forward P/E vs. its historical average of 33.6
Gabriel India is on strong footing, healthy growth lies ahead. Buy for target price of Rs 440 (20% upside): ICICI Direct
We assign BUY rating on Gabriel India amidst structural levers in place for industry leading topline growth, double digit margin endeavour, capital efficient business model, healthy cash rich B/S, EV agnostic product profile, gaining prominence in PV-SUV space, foray into premium segment offering (i.e., sunroof systems) and leadership position in E-2W/3W space
Fineotex Chemicals (Ashish Kacholia portfolio stock) has a strong track record of growth. Buy for target price of Rs 531 (42% upside): KR Choksey
FCL has showcased a strong track record of growth in revenues with 3 year Revenue CAGR of 38% as on FY23 supported by robust margins, average 5 year PAT margins coming in at 15% as on FY23. FCL is a growing specialty chemical manufacturer with international strategic partnerships with Eurodye-CTC, Belgium & HealthGuard Australia which will drive further growth opportunities for the company both in India & abroad
Star Cement has an established track record in one of the fastest growing cement markets. Buy for target price of Rs 240: SBI Securities
We continue to like Star Cement given its established track record in one of the fastest growing cement markets of North-East and East. Its medium-term plan to diversify outside North-East and East also looks prudent
IRM Energy has a robust outlook with ~40% CAGR volume growth over FY24-26E. Buy for target price of Rs 665: HDFC Securities
Our BUY recommendation on IRM Energy (IRM) with a target price of INR 665/sh is premised on (1) a ~40% CAGR volume growth over FY24-26E and (2) robust margins
Aditya Birla Capital has a strong foundation for sustained execution. Buy for target rice of Rs 230 (23% upside): Motilal Oswal
ABCL is rapidly emerging as one of the most adept in terms of capabilities across sourcing (prospecting), underwriting (onboarding), and collections (renewals) within in its lending (protection) businesses. It has clearly made healthy progress toward its vision of “One ABC, One Customer, One Experience,” positioning itself to take rapid strides toward driving higher cross-sell across its business
SJS Enterprises Ltd will deliver robust earnings. Buy for target price of Rs 825 (36% upside): SBI Securities
Key highlights of the 3QFY24 Result Margin improves sequentially; Long term growth remains intact The company during the quarter has reported 51.0%/45.2%/32.7% YoY increase in Net sales/EBITDA/PAT to Rs 160.9 cr/Rs 41.2 cr/Rs 20.9 cr respectively. The company’s domestic sales clocked 51.9% YoY growth on back of 54.4% YoY growth in PV business and 217.4% […]
Nifty is in a long term uptrend. Intermediate target is 24035. Buy on Dips: HDFC Sec
Nifty remains in a long term uptrend. Our intermediate target is at 24035 for the coming months.
Dhanuka Agritech Ltd is a Rising Star in the Agro-Chemicals Sector. Buy for target price of Rs 1244: SBI Securities
Key highlights of the 3QFY24 Result Performance is weak but better than industry growth The Company during quarter reported muted 2.5% YoY growth in net sales to Rs 403 cr but profit dropped 1.5% YoY to Rs 45.4 cr. The industry continued to remain sluggish but Dhanuka was able to weather out the situation through […]
Jana Small Finance Bank IPO. Ramesh Damani, Ashish Kacholia, Amansa Capital etc are invested.
Jana SFB is the 4th largest Small Finance Bank in terms of AUM as well as in terms of deposit size as on September 30, 2023. As of Sep 30, 2023, Jana SFB has a rapidly expanded network with 771 banking outlets, including 278 banking outlets in unbanked rural centers, in 22 states and 2 UTs while serving 4.87Mn active customers
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