Huhtamaki India Ltd. One-offs impacted profitability in Q1, On the verge of a Turnaround, Upgrade to BUY The company reported good show excluding the one-offs. Revenue declined by ~8% YoY but grew by mere ~1% QoQ. Lower volumes on YoY basis impacted the topline. Gross margin expanded by 332bps YoY but declined by 44bps QoQ […]
Patel Engineering has huge Opportunity ahead. Buy for target price of ₹80 (36% upside): ICICI Direct
Hindalco is a Conviction Idea which is enriching product portfolio for long term growth. Buy for target price of ₹780 (26% upside): ICICI Direct
We have a positive view on Hindalco driven by its strategic capacity expansion at Novelis and Indian operations, structural drivers in place for healthy demand of Aluminium metal and controlled leverage on B/S (Debt: Equity at ~0.5x). We assign BUY rating on the stock with target price at ₹780 wherein we have valued it at 7.5x EV/EBITDA on FY26E
Angel One is one of the best core portfolio plays on the secular growth story in the Indian capital markets. Buy for target price of ₹3580 (28% upside): HDFC Sec
ngel One remains one of the best core portfolio plays on the secular growth story in the Indian capital markets. However, we continue to believe that the unit economics is beginning to plateau, especially given early signs of diminishing marginal utility from newly-acquired customers. We maintain ADD with a target price of INR3,580 (20x Sep-25E EPS)
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