Monthly archives for September, 2023
| Atarco acquisition is a win-win deal for Gokaldas Exports. Buy for target price of Rs 884: Nuvama | |
| Company: | Gokaldas Exports |
| Brokerage: | Nuvama |
| Date of report: | August 29, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 20% |
| Summary: | Atarco acquisition a win-win deal Gokaldas Exports (GEXP) has announced the complete acquisition of the Atraco Group (Atraco) for USD55mn. Through this deal, it will gain duty free access to the US and European markets (duties on Indian imports range from 11% to 28%). Atraco has five production units: four/ one in Kenya/Ethiopia, with a […] |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Gokaldas Exports, Nuvama |
| Nifty Rollover analysis: One should remain cautious. All time high open interest in the stock futures segment indicates higher leveraged positions: HDFC Sec | |
| Company: | Nifty |
| Brokerage: | HDFC Sec |
| Date of report: | September 1, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Hold |
| Upside Potential: | 100% |
| Summary: | Be cautious. Stock Futures are at ATH indicating higher leveraged positions. Nifty is in a short term downtrend and making lower tops and lower bottoms. It is below 20 day and 50 day SMA. 14 week RSI oscillator too is in decline mode, suggesting scope for more downsides in the near term |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Bank Nifty, NIFTY |
| BAJAJ FINANCE has delivered a robust 25% AUM CAGR to Rs 2.5tn over FY18-FY23. Buy for target price of Rs 9105 (29% upside): BOB CAPS | |
| Company: | Bajaj Finance |
| Brokerage: | BOB Capital |
| Date of report: | September 1, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 29% |
| Summary: | Seasoned management, solid execution to help fend off rivals; valuations have moderated as well – initiate with BUY, TP Rs 9,105 |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Bajaj Finance, BOB Capital Markets |
| BSE is getting a boost from Derivatives. Buy for target price of Rs 1230 (35% upside): ICICI Direct | |
| Company: | BSE Ltd |
| Brokerage: | ICICI-Direct |
| Date of report: | August 30, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 35% |
| Summary: | The bull case assumes a 10% derivatives market share (similar to the base case) but higher options pricing, resulting in a 23% revenue CAGR and 30x multiple, indicating a ~70% upside. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BSE, ICICI-Direct |