Monthly archives for July, 2023
| CDSL is the market leader in BO accounts with 73% market share. Buy for target price of Rs 1470: HDFC Securities | |
| Company: | CDSL |
| Brokerage: | HDFC Sec |
| Date of report: | July 13, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 21% |
| Summary: | We upgrade our rating to BUY from ADD and assign a TP of INR 1,470, based on 37x June-25E EPS. The stock has traded at an average 3Y/5Y 1-year forward P/E multiple of 42/32x. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | CDSL, HDFC Sec |
| Nifty Bull Spread Strategy by HDFC Securities | |
| Company: | Nifty |
| Brokerage: | HDFC Sec |
| Date of report: | July 13, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Primary trend of the Nifty is bullish as it is trading above all its important moving averages. Breadth of the market is very strong, which indicates higher probability of Nifty breaking out from the range of 19300 to 19500 levels on the upside. Therefore, we expect Nifty to trend higher in the coming week till 20 July 2023 expiry |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec, NIFTY |
| Delhivery Ltd is a BUY (HIGH CONVICTION IDEA): ICICI Direct | |
| Company: | Delhivery Ltd |
| Brokerage: | ICICI-Direct |
| Date of report: | July 7, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 28% |
| Summary: | Delhivery has shown strong growth and built a recognisable brand in a segment marred by intense competition and low barriers to entry. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Delhivery Ltd, ICICI-Direct |
| Kirloskar Brothers Ltd is well poised for further growth: Sharekhan | |
| Company: | Kirloskar Brothers |
| Brokerage: | Sharekhan |
| Date of report: | July 11, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 23% |
| Summary: | Despite a sharp run-up, KBL trades at an attractive valuation of ~18x FY2024E/~15x its FY2025E EPS. We expect Q1FY24E to be a strong quarter on all parameters and see potential upside of 23% from CMP. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Kirloskar Brothers, Sharekhan |
| Though Nifty Is at the highest level, Valuations far more reasonable now than that in Oct’21 high: Motilal Oswal | |
| Company: | Model Portfolio |
| Brokerage: | Motilal Oswal |
| Date of report: | July 8, 2023 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | While Nifty-50 is at a new high and is creating a lot of buzz, the fact remains that on a two-year basis, it stands nearly flat (just up 4% from Oct’21 high); whereas its aggregate FY22/FY23 earnings are up ~38%/10% and that for MOFSL Universe are up 39%/10% over the same period. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Model Portfolio |
| Axis Securities has recommended 16 large-cap, mid-cap and small-cap stocks with up to 32% potential | |
| Company: | Model Portfolio |
| Brokerage: | Axis Securities |
| Date of report: | July 5, 2023 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 32% |
| Summary: | Keeping these latest developments in view, we have made one change to our Top Picks recommendations. This includes booking profit in Dalmia Bharat and adding Rites Ltd. (Railways Infra consultancy). Our modifications reflect the changing market style and shift towards superior-quality and growth-oriented stocks |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Model Portfolio |
| Buy Suzlon Energy for target price of Rs 22 (47% upside): ICICI Securities | |
| Company: | suzlon energy |
| Brokerage: | ICICI Securities |
| Date of report: | June 29, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 46% |
| Summary: | Suzlon is best equipped to benefit from industry tailwinds. We expect a sharp uptick in earnings FY24E onwards. Initiate with BUY and a target price of Rs 22 per share (assigning a multiple of 24x FY25E EPS). |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, suzlon eneegy |
| STOCK FUTURES OPEN INTEREST AT ALL TIME HIGH LEVELS. REMAIN BULLISH WITH TRAILING SL OF 18500: HDFC Sec | |
| Company: | Model Portfolio |
| Brokerage: | HDFC Sec |
| Date of report: | July 1, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Historically Nifty has never risen for four series on the trot since June 2017 and therefore history suggests, there is a higher possibility of profit booking in the July series after three series of consecutive gains. Therefore our advise is to book profits in long positions on any rally towards 19200-19500 levels to re-enter at lower levels |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec, Model Portfolio |
| Latest List Of High Dividend Yield Stocks (25 June 2023) By HDFC Sec | |
| Company: | Model Portfolio |
| Brokerage: | HDFC Sec |
| Date of report: | June 26, 2023 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 14.7% |
| Summary: | table of companies (CNX 500 stocks) that offer dividend yield of 3.00% and above |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec, High Dividend Yield, Model Portfolio |