Aeroflex Industries Limited (AERIND), incorporated in 1993, is engaged in the business of manufacturing and supply of metallic flexible flow solutions made with stainless steel
V2 Retail is firing on all cylinders; expect re-rating to continue. Buy for target price of ₹1754 (27% upside): Nuvama
V2 Retail (VREL) posted a 64% YoY growth in revenue to INR380cr on the back of a strong SSSG of 36% and footprint expansion, reflecting a strong demand. The company added 14 gross new stores (closed 2) during the quarter, with total store count at 139 by the end of Q2FY25. Total area stood at 14.82lksq.ft. with a growth of 35%YoY. Company’s sharp focus on growing its revenue/sq.ft. (growth of 30% during the quarter), assortments & designs and pricing strategies is yielding the results for the company
Top Picks Basket for Oct 2024 for Nifty Target of 24600 by Axis Securities
The Axis Top Picks Basket delivered an excellent return of 10.4% in the last three months against the 7.5% returns posted by Nifty 50 over the same period. Moreover, the basket climbed up by 2.3% in the last one month. It gives us immense joy to share that our Top Picks Basket has delivered an impressive return of 348% since its inception (May’20), which stands well above the 178% return delivered by the NIFTY 50 index over the same period. In light of this, we continue to believe in our thematic approach to Top Picks selection
Dividend Yield Monitor 30 September 2024 by SBI Securities
The dividend yield is computed based on the closing price of 27th September 2024. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22 and FY22/CY21. The * mark indicates data for CY23. The **mark indicates data for Jun’23.
JB Chemicals offers a healthy cocktail of a robust domestic franchise, niche CMO presence and measured exports strategy, aided by peerless execution. Buy for target price of ₹2255 (23% upside): Kotak Institutional Equities
We hosted JB’s CEO, Nikhil Chopra, for a roadshow in the UK. The company remains optimistic on its growth prospects across India, CMO, Russia and South Africa. With the current management team keen on running the business, the company does not expect any change in its business plan even if there is any ownership change.
Stylam Industries has industry-leading growth (~2x vs industry) and EBITDA margin (~20%). Buy for target price of ₹2875 (41% upside): HDFC Sec
We like Stylam for its industry-leading growth (~2x vs industry) and EBITDA margin (~20%), healthy balance sheet (net cash), and impressive return ratio (ROE ~25%). We have modelled 17/22/20/20% volume/revenue/EBITDA/APAT CAGRs for FY24-27E. We expect strong laminate volume growth for the company in FY26/27 on the back of a pick-up in demand and ramp-up of sales from ongoing brownfield expansion
Piramal Pharma has chalked out strategic goals for the future. Buy for target price of ₹280 (22% upside): ICICI Direct
Piramal Pharma Limited (PPL) is part of the Piramal group of companies. The company operates in 3 major segments. – 1) Contract development and manufacturing organisations (CDMO), 2) Complex hospital generics (critical care), 3) Consumer healthcare (OTC).
Oil India is fortifying growth through integrated expansion. Buy for target price of ₹833 (41% upside): Yes Securities
Oil India Limited (OIL) remains a key player as a leading integrated company across the energy value chain in India. The company is on track to meet its ambitious target of 4mmt of oil and 5bcm of gas production by FY26, backed by accelerated drilling activities in its rich Baghjan field, which will see the number of wells increase from 61 to ~80 in FY25 and 100 by FY27
Thematic Research: The EV Revolution Understanding The Electric Vehicle Ecosystem by Axis Securities
This presentation provides an in-depth analysis of the evolving global Electric Vehicle (EV) ecosystem, with a special emphasis on India’s emerging role. We are pleased to present an overview of the global EV landscape, with a particular focus on key policy interventions in major economies and India
Trent Ltd is a high-conviction top pick for the target price of ₹9250 (21.5% upside): CITI Research
We initiate on Trent, Tata Group’s fashion & lifestyle business, with a Buy and an SOTP-based TP of Rs9,250. Its transformation from a single-format (Westside) to a multi-format (Westside, Zudio, Star, Samoh, Utsa, Misbu, etc.) and multi-category (fashion & lifestyle, grocery, beauty personal care & fashion accessories) player led to a higher revenue CAGR (36% in FY19-24) vs. India’s leading consumer discretionary and retail peers
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