Earnings outlook steady; well poised for Re-rating 2.0 PSBs have delivered a strong performance since FY22, with the Nifty PSU Bank Index outperforming the Nifty-50/Bank Nifty by 87%/ 78%. We earlier resumed coverage on the entire PSB sector in CY21 enthused by their improving business/earnings outlook
At CMP, DCB Bank is trading ~0.8x FY25E ABV which seems to capture uncertainties and still remains inexpensive. Thus, assigning a multiple of ~1x FY25E ABV, we ascribe target of ₹165 per share and a BUY rating
Under the CUB series banner, Nuvama covers small-cap companies with robust long-term growth potential. Its endeavour is to recommend smallcap companies that are not widely covered. Despite low liquidity and small size of business, these companies have strong long-term fundamentals and sustainable structural growth drivers.
Dolly Khanna’s portfolio of 18 small-cap stocks is worth Rs 400 Cr. One stock has an allocation of 42%. 7 stocks have an allocation of more than 5%. 6 stocks have given multibagger gains in excess of 100% YoY
Happiest Minds (HAPPSTMN) is a high-growth, high-quality, high-valuation IT services company. It has a high potential to scale and its growth aspirations are within historical precedents; recent reorganisation can accelerate its growth ahead
The imminent fall in interest rates will benefit realty stocks. Stocks were languishing & have only now reached a 14-year high. However, several like DLF, Godrej, Oberoi are way below earlier highs implying huge upside potential. Experts say realty sector can generate huge wealth
Nuvama’s annual knowledge and corporate access event – Edelweiss Emerging Ideas Conference 2023: India – UDYAN ‘Udayan: Udyog, Avasanrachana, Nivesha – was a resounding success. Held between December 5th-6th, 2023, the conference saw participation from more than 55+ corporates (including 25+ CEOs), 320+ clients across over 4000+ meetings. Underlying the theme, India’s economy stands on […]
The index has been scaling new highs since the reversal that was witnessed on 27th October. The uptrend is intact; led by FII’s being a constant buyer in the cash segment Additionally; the index futures data has become positive as FII’s have covered all the short contracts from the system. Total number of long contracts now stands at 35,363 vs prev 38,695
If you look at the order book of a lot of these infra companies, their performance in the last two quarters, and the quality of balance sheet, which is getting built up, and with this certainty again, this good work will continue for the next few years, if not more. At least I can see a visibility of that kind of timeframe, I think these stocks are still trading at very, very compelling valuations
Ashish Kacholia mastery in picking multibagger stocks is evident from the fact that 9 stocks in his portfolio of small & mid-cap stocks have given gains in excess of 100% in FY 2023-24. 3 have given returns in excess of 200%. Mukul Agrawal, Vijay Kedia & Madhu Kela are also invested in some common stocks
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