Historically, buying near 52 weeks EMA offers favourable risk reward with a median return of 23% in next 12 months with median drawdown below 52 weeks EMA of 6%
Power Mech Projects’ earnings are expected to grow at 41.3% and for ROE to improve significantly to 20.3% in FY27E. Buy for target price of ₹3330 (21% upside): Geojit
Power Mech Projects Ltd. (POWM) is a leading infrastructure construction company based in Hyderabad with a global presence. The company’s order book is largely backed by orders from Power segment which accounts for 76.8% of total mix
ICICI Bank is well poised to deliver sustainable growth and profitability! Buy for target price of ₹1550 (17% upside): Motilal Oswal
We met with Mr. Rakesh Jha (Executive Director – Retail, Corporate Banking and Small Enterprises) and Mr. Abhinek Bhargava (Head – Investor Relations) from ICICI Bank (ICICIBC) to discuss the bank’s business outlook and other key focus areas
Patel Engineering has strong opportunity from the key segment coupled with stable balance sheet. Buy for target price of ₹70 (24$ upside): ICICI DIrect
Patel Engineering is an EPC player which specialises in technology-intensive areas like hydro, tunnelling, irrigation, water supply, urban infrastructure, and transport
Apeejay Surrendra Park Hotels is poised for sustainable earnings growth. Buy for target price of ₹245 (27% upside): IDBI Capital
We initiate coverage on Apeejay Surrendra Park Hotels Ltd. (ASPHL) with a BUY rating and TP of Rs245, valuing it at 19x EV/EBITDA on FY27E. We like ASPHL in domestic mid-segment hotels space considering 1) Strong positioning in midsegment branded hotels in key cities, 2) Robust pipeline of hotels in next 4 years, 3) Focus on expansion of Flurys business, 4) Superior performance on operating metrics compared to industry peers, and 5) Management pedigree.
Adani Ports is very well placed to continue to outpace industry growth and gain market share. Buy for target price of ₹1530 (29% upside): Motilal Oswal
We believe the company is very well placed to continue to outpace industry growth and gain market share. The integration of the logistics business with the ports business is enhancing its service offerings and transforming the company into a transport utility. We reiterate our BUY rating with a TP of INR1,530 (29% upside)
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