Archean Chemical Industries is a robust play on the recovery in bromine and industrial salt markets, the scaling of SOP production, and the expanding footprint in high-growth derivative and technology sectors. Worst seems to be behind it, the company is set to capitalize on favorable macroeconomic trends and its strategic growth initiatives, making it an attractive investment for long-term value creation
PGIL has been improving its productivity and is on a capex spree. Its manufacturing bases in Bangladesh, India, Vietnam, Indonesia and Guatemala make it one of the preferred suppliers for top retailers and brands. With all growth levers in place and multiple industry tailwinds, PGIL will be one of the foremost beneficiaries
Selection criteria – Market cap should be more than 500 Cr, Dividend yield should be more than 3%, the company should be profit making for past 3 years, Five year average ROE should be more than 9, Special Dividend (one off) are not taken into consideration, while consistent Special Dividend are considered, Consistent dividend paying track record
Given the visibility of steady growth and improving margins (to 22% in FY27E from 16.7% in FY24), we are initiating coverage with a BUY and a TP of INR 1,800
Bottom-up stock picking with a focus on ‘Growth at a Reasonable Price’ and ‘Quality’ would be keys to generating satisfactory returns in the next one year.
The dividend yield is computed based on the closing price of 29th November 2024. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22 and FY22/CY21
Going ahead, we expect Nifty 50 to form a higher base while holding the key support zone of 23,700-23,500, which would set the stage for challenging immediate hurdle of 24,500 and eventually head towards 25, 000 in the month of December. Hence, dips should be utilized to accumulate quality stocks in a staggered manner
ITC has already announced the demerger of its hotels business. As part of the scheme, ITC Hotels will become a separate entity which will get listed on the bourses. Shareholders of ITC Limited will be given the shares of the ITC Hotels if they own the stock as on the record date which would be […]
In an interview with CNBC TV18, Madhu Kela pointed out that India is the world’s third-largest alco-bev market by volume, trailing only China and the United States. He explained that the market is projected to grow from ₹1,70,000 crore in FY15 to ₹5,00,000 crore by FY28. However, per capita consumption, particularly of beer, remains significantly lower than global standards, suggesting vast room for expansion
We view DCB will likely serve as a ‘beacon’ of growth, delivering stronger-than-system loans growth and continuing its legacy of doubling the loan book in 3-4 years. Further, its margins are set to expand despite rate cuts, as management tactfully re-calibrates to higher yielding business mix. DCB would also benefit from better fees (higher customer engagement) and improving costs (productivity benefits).
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