Reports in category Initiating Coverage
| 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: | |
| 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 |
| 25 POWER PACKED PSU PICKS for up to 46% upside in 3-6 months by LKP Securities | |
| Company: | PSU Stocks |
| Brokerage: | LKP Securities |
| Date of report: | August 14, 2023 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 46% |
| Summary: | While many of them would have generated positive returns for shareholders over the past two years, their immense potential towards value creation and value migration is yet to unfold going forward |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BFSI, Bharat Electronics, Canara Bank, CMP, LKP Securities, PSU Stocks |
| Birlasoft has good growth prospects. Buy for target price of Rs 530 (23% upside): HDFC Sec | |
| Company: | Birla Soft |
| Brokerage: | HDFC Sec |
| Date of report: | August 4, 2023 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 23% |
| Summary: | Based on our mid-tier IT assessment framework, client cohort analysis and industry checks, we are positive about BSOFT’s growth prospects. We initiate on BSOFT with a BUY recommendation and a TP of INR 530, based on 21x Jun-25E with 20% EPS CAGR over FY23-26E |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Birlasoft India, HDFC Sec |
| 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: | |
| 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 |
| 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: | |
| 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 |
| S.J.S. Enterprises Ltd (Ashish Kacholia Portfolio Stock) has clean & clear visible growth triggers. Buy for TP of Rs 593 (+33%): SMIFS | |
| Company: | S.J.S. Enterprises |
| Brokerage: | SMIFS |
| Date of report: | January 30, 2023 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 33% |
| Summary: | We are of the opinion that SJS at ease will be able to achieve PAT growth @18% CAGR FY22-FY25e with sustainable margin of about 25%+ level. Over & above, the team is aggressively hunting for inorganic acquisition, which can add a new wing in either technology, futuristic products, markets and/or customers |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | S.J.S. Enterprises, SMIFS |
| KIMS is steadily building its empire by conquering and ruling. Buy for target price of Rs 1682 (18% upside) | |
| Company: | KIMS, Krishna Institute Of Medical Sciences |
| Brokerage: | SMIFS |
| Date of report: | January 23, 2023 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 18% |
| Summary: | Currently, the stock is trading at comforting valuation on FY25E EV/EBITDA of 15x. We value the stock at 20x (in line with its historical average) due to capacity and geographical expansion, improved margins and robust revenue growth, thereby, arrive at target price of Rs 1,682 per share which offers upside of 18% from current valuations. Therefore, we assign BUY rating on the stock. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Krishna Institute Of Medical Sciences |
| Supreme Petrochem has very strong business model. Buy for target price of Rs 561 (51% upside): SMIFS | |
| Company: | Supreme Petrochem |
| Brokerage: | SMIFS |
| Date of report: | January 19, 2023 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 51% |
| Summary: | Supreme Petrochem (SPL) has very strong business model in Polystyrene (PS) & Expandable Polystyrene (EPS) along with its downstream derivatives like XPS & SPC. The company is expanding its capacity in all business segments viewing the growth opportunities available post closure of business of its nearest competitor in India, increasing demand growth & strong balance sheet to fund capital expenditure. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | SMIFS, Supreme Petrochem |
| Garden Reach Shipbuilders & Engineers (Stock In Ramesh Damani Portfolio) is a buy for target price of Rs 630 (36% gain): ICICI Direct | |
| Company: | Garden Reach Shipbuilders & Engineers, GRSE |
| Brokerage: | ICICI-Direct |
| Date of report: | January 11, 2023 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 36% |
| Summary: | Garden Reach Shipbuilders & Engineers (GRSE), one of India’s leading defence public sector undertaking shipyards, primarily caters to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Garden Reach Shipbuilders & Engineers, ICICI-Direct |
| Transformers and Rectifiers India is firing on all cylinders. Buy for Target Price of Rs 86 (35% upside): ICICI Direct | |
| Company: | Transformers and Rectifiers India |
| Brokerage: | ICICI-Direct |
| Date of report: | January 10, 2023 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 35% |
| Summary: | After many years of stagnant performance, growth prospects are looking bright across all parameters. Revenue CAGR of 20% in FY2224E coupled with margins hitting 10.8% in FY24E will enable TRIL to post its best ever profitability performance. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, Nano Nivesh, Transformers and Rectifiers India |