Prashant Jain’s 3P INDIA EQUITY FUND holds 960,000 shares of Senco Gold constituting 1.24% of its equity as of 30th September 2023. The investment is worth Rs 69.8 crore at the CMP of Rs 721. SBICap has issued a research report explaining the fundamentals of Senco Gold and recommending a buy for the target price of Rs 920 which is an upside of 27%.5
Sunil Singhania’s (Abakkus) aggressive purchase of Shriram Pistons appears to be because of its EV prospects. The Co is a small-cap with low free float. It is a market leader in piston rings and engine valves. It has low debt, high RoE and high EBITDA margin
Archean Chemical Industries Ltd. (ACIL) offers multiple MOATS which are expected to translate into key growth drivers going forward as the company slowly ramp-up its Bromine Derivative capacity along with its traditional secured Salt business and soon-to-be-revived Sulphate of Potash busines
Stylam Industries Demand to revive soon; expansion on track We recently met Stylam’s promoter, Jagdish Gupta, MD, and Kishan Nagpal, CFO, during a visit to their manufacturing plant, which is Asia’s largest single location manufacturing facility in Chandigarh. The management senses a revival in export market demand and expects an uptick in domestic demand soon. […]
Option chain data for next weekly expiry is indicating a trading range of 21,000-22,000 zones. On the call side, 22,000 is the strike with highest OI. Majority of call writing was witnessed at this level; indicating resistance. On the put side, 21,000 is the strike with highest OI. As per the data, net call-put writing is indicating significant unwinding of call writers; which is a bullish indicator. Expect the expiry to be positive as long as 21,000 is sustained
Our prognosis is a culmination of triangulation model which projects Nifty CY24 target of 24700 while key support is placed at 18900. Sectoral leadership and our bottom up stock analysis indicate glaring resemblance with CY04-CY07 bull run
VBL has been in our Top Picks portfolio since long and we continue to remain positive on the stock on a mid to long-term basis. We estimate Revenue/EBITDA/PAT CAGR of 23%/30%/35% over CY22-25E as we revised our CY24-25 PAT estimates upwards by 5%/12% based on the abovementioned rationales
CANF has embarked on a journey to strengthen its governance framework and add new pillars to drive its next leg of sustainable and profitable growth. CANF has historically been one of the most durable franchises delivering healthy growth (25% AUM CAGR during FY11-FY23) and steady earnings (25% earnings CAGR during the same period)
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
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