Monthly archives for June, 2023
| Sell Mazagon Dock Shipbuilders for Target price Rs 600: ICICI Securities | |
| Company: | mazagon dock |
| Brokerage: | ICICI Securities |
| Date of report: | June 3, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Sell |
| Upside Potential: | -42% |
| Summary: | MDSL’s lack of order visibility offsets its near-term robust revenue estimate. As a result, we perceive unfavourable risk-reward at CMP. We maintain SELL on MDSL stock with an unchanged TP of Rs600 (based on DCF methodology) |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, mazagon dock |
| Review of 9 Top FMCG stocks like HUL, ITC, Nestle, Colgate with Buy/ Sell recommendation by HDFC Securities | |
| Company: | Model Portfolio, Top FMCG Stocks |
| Brokerage: | HDFC Sec |
| Date of report: | June 2, 2023 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | We believe there will be no more pressure on earnings for FMCG companies in FY24 (earnings cut cycle is behind) while both revenues and margins should see an uptrend. We remain cautious and selective on valuation for the medium term (do not see rerating as a story); however, earnings pick-up in FY24 will continue to support FMCG stocks. We rate ITC, Dabur, GCPL, Marico, UNSP, and Colgate as ADD and HUL, Nestle, Britannia, Emami, and Radico as REDUCE |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec, Top FMCG Stocks |
| Nifty rolling 12 months’ index target is 21,500 valuing it at 20x PE on FY25 Nifty EPS of Rs 1,080. Sensex target is 71,600: ICICI Direct | |
| Company: | Model Portfolio, Nifty |
| Brokerage: | ICICI-Direct |
| Date of report: | June 1, 2023 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Rolling over our valuations, we retain our Nifty target at 21,500 valuing it at 20x PE on FY25 Nifty EPS of | 1,080. Corresponding target for the Sensex is at 71,600. These are our rolling 12 months’ index target |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Model Portfolio, Nifty Sensex |