Monthly archives for October, 2022
| Strong capex led volume surge to drive long-term growth of Balaji Amines Ltd, Maintain BUY: Edelweiss | |
| Company: | Balaji Amines |
| Brokerage: | Edelweiss |
| Date of report: | October 31, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 41% |
| Summary: | Balaji Amines Ltd. (BAL) posted robust growth on YoY basis, however performance on sequential basis was muted. Top line came slightly below expectations, primairly due to underperformance by the standalone business, while gross profit margin was under pressure despite stable raw material prices impacting profitability. Balaji Specialty Chemicals (BSC) contined its robust performance on strong realisations. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Balaji Amines, Edelweiss |
| HAL is a multi-year growth story with significant growth potential: ICICI Direct | |
| Company: | Defense Sector stocks, Hindustan Aeronautics, Model Portfolio |
| Brokerage: | ICICI-Direct |
| Date of report: | October 28, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | The Navy’s big projects in pipeline give a longer term visibility to defence shipyard companies like Mazagon Dock, Cochin Shipyard and Garden Reach. Moreover, the need of new aircraft for INS Vikrant like twin engine deck based fighter (TEDBF) to be manufactured by HAL. With these new high tech aircraft & warships, players like Bharat Electronics & Data Patterns will also benefit significantly in the future. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Defense Sector Stocks, ICICI-Direct |
| India Defense Sector is at the cusp of strong growth upcycle: Edelweiss | |
| Company: | Defense Sector stocks, Model Portfolio |
| Brokerage: | Edelweiss |
| Date of report: | October 28, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Companies like BDL (CMP INR 988, Mcap INR 18,105 cr) , HAL (CMP INR 2501, Mcap 83,640 cr) and BEL ( CMP INR 108, Mcap INR 78,836 cr) among PSU’s and PTC Industries (CMP INR 2859, Mcap INR 3,745 cr), Paras Defense (CMP INR 639, Mcap INR 2,490 cr), Data Patterns (CMP INR 1335, Mcap INR 6,930 cr) and SOLAR industries (CMP INR 3935, Mcap INR 35,611 cr) among private companies are better placed to exploit the upcoming opportunity |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Defense Sector Stocks, Model Portfolio |
| Buy Tata Consumer Products for target price of Rs 950 (25% gain): ICICI Direct | |
| Company: | Tata Consumer Products |
| Brokerage: | ICICI-Direct |
| Date of report: | October 21, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | Tata Consumer Products (TCPL) is one of the major FMCG companies present in tea, coffee & other beverages in India, UK, US, Canada and some other geographies. In India, it also has salt, pulses, spices and other food products. Its subsidiary NourishCo is present in packaged water & other beverages. The company is in JV with Starbucks, which has 300 stores in India |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI-Direct, Tata Consumer |
| Top 10 Mahurat Picks By ICICI Direct | |
| Company: | Diwali Dhamaka, Model Portfolio |
| Brokerage: | ICICI-Direct |
| Date of report: | October 12, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Given the scenario, we see reasonable opportunities across the market spectrum with key filter being quality. We continueto advise investors to utilise equities as a key asset class for long term wealth generation by investing in quality companieswith strong earnings growth and visibility, stable cash flows, RoE and RoCE. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Diwali Picks, ICICI-Direct, Model Portfolio |
| Analysis of the prospects of 11 Specialty Chemicals companies by ICICI Securities | |
| Company: | Model Portfolio, Specialty Chemicals |
| Brokerage: | ICICI Securities |
| Date of report: | October 11, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | We estimate our specialty chemical coverage universe revenue to grow 19.3% YoY (down 0.6% QoQ) in Q2FY23, partly on rise in prices due to input cost inflation. Gross profit to grow 22.7% YoY (down 1.4% QoQ, largely due to seasonality), which indicates strong underlying trend led by our expectation of 1) SRF’s robust growth (36.7% YoY) on continuous good show in ref-gas, offset by weakness in non-chemicals business |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Speciality Chemicals |
| DIWALI PICKS (Large-Cap, Mid-Cap and Small-Cap stocks) by Nirmal Bank | |
| Company: | Model Portfolio |
| Brokerage: | Nirmal Bang |
| Date of report: | October 12, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 43% |
| Summary: | Selection of 5 large-cap stocks and 7 Mid and small-cap stocks across various diversified sectors such as Pharma, FMCG, Banking, Cement, Autos etc with up to 43% potential gain |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Diwali Dhamaka |
| Jubilant Foodworks Limited is a hot pick with 41% upside potential: Bonanza | |
| Company: | Jubilant Foodworks |
| Brokerage: | Bonanza |
| Date of report: | October 4, 2022 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 41% |
| Summary: | Strong cost control and management focus on aggressive store additions along with thrust on digital & tech initiatives were key positives providing strong growth outlook. The resultant robust performance in Q1 FY23 led by strong Revenue growth, recovery in LFL growth and positive expectations from the new brands portfolio makes JFL a hot pick. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Bonanza, Jubilant Foodworks |
| Six High-Conviction Stock Ideas By KR Choksey | |
| Company: | Model Portfolio |
| Brokerage: | KR Choksey |
| Date of report: | October 3, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | High Conviction Stocks Idea Attributes • Company: a) Sound / resilient business; b) Consistent strong financials; c) High growth potential; and d) High return on invested capital • Industry: a) Market leaders / Strong brand value; b) High growth opportunities; c) Strong entry barriers • Management: a) Visionary Leadership; b) Strong & Effective Management; and c) High corporate access, including promoters and CXOs |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | KR Choksey, Model Portfolio |
| Buy Hindustan Aeronautics for Target Price of Rs 2655: ICICI Securities | |
| Company: | Hindustan Aeronautics, ICICI Securities |
| Brokerage: | ICICI Securities |
| Date of report: | August 30, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 15% |
| Summary: | HAL has hired BCG for consultation to identify areas of potential diversification, business strategy, internal restructuring and improving operational efficiency. Some of the areas of diversification are civil MRO, passenger-to-freight conversion of aircraft, UAV simulators, etc. for capturing additional revenues. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Hindustan Aeronautics, ICICI Securities |