Reports in category Initiating Coverage
| AGS Transact Technologies is a BUY for 48% Upside: HDFC Securities | |
| Company: | AGS Transact Technologies |
| Brokerage: | HDFC Sec |
| Date of report: | September 23, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 48% |
| Summary: | AGS Transact Technologies Ltd (AGS) is the second largest ATM outsourcing and cash management player in India, with a 15/30% market share. The company has been able to sustain the impact of COVID-19 (ATM transactions declined by ~30%), supported by its strong and sticky relationship with top Indian banks and upward revision in interchange fees by ~14% by the regulator |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | AGS Transact Technologies, HDFC Sec |
| Bullish on the business fundamentals of Trent. Buy for TP of Rs1280: Centrum | |
| Company: | Trent |
| Brokerage: | Centrum |
| Date of report: | July 19, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 6% |
| Summary: | Trent, one of the most successful retailers in India, has built durable moats by significantly scaling up its retail footprint, establishing itself as a powerful design house and expanding under different retail formats. T |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Centrum, Trent |
| Aether Industries has market leadership in products with INR 37.5bn opportunity size: HDFC Sec | |
| Company: | Aether Industries |
| Brokerage: | HDFC Sec |
| Date of report: | July 8, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | Aether Industries Ltd has a technology-oriented business model and it sells innovations in chemistries and technologies. Competencies in eight chemistries and eight technologies has enabled the company to successfully build all three of its business verticals—large-scale manufacturing, contract manufacturing and contract research and manufacturing services (CRAMS)—in less than six years of operation. The company is more than doubling its manufacturing capacity by CY23 end. Augmentation of capacity will not only allow it to fulfil the demand of the existing and potential customers for existing products, but also provide an opportunity to launch new products |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Aether Industries, HDFC Sec |
| ITC is a High Conviction Idea. Buy for target price of Rs 332: Religare | |
| Company: | ITC Ltd |
| Brokerage: | Religare |
| Date of report: | July 1, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 21.2% |
| Summary: | Consistently rewarding shareholders: ITC is one of the private sector companies which have been consistently rewarding shareholders by paying dividends. In the last 5 years, the company has paid an average of 83% as dividend payout. Going ahead as well, the company announced that it is expected to maintain its dividend payout ratio on similar lines i.e. ~80-85%. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ITC, Religare Capital |
| Long Term Recommendation Tarsons Products Ltd by Edelweiss | |
| Company: | Tarsons Products |
| Brokerage: | Edelweiss |
| Date of report: | June 17, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 39% |
| Summary: | We expect the domestic plastic labware market expected to grow at a healthy rate of ~16% and players with quality products, wide distribution reliability and competitive pricing to outperform the sector, where Tarsons surpasses peers. The company’s in-house manufacturing capability provides a competitive edge. Moreover, Tarsons has a strong and well-diversified distribution network across India and a diversified product portfolio with 1,700+ SKUs across 300 products, which is difficult to replicate |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Edelweiss, Tarsons Products |
| Buy Apcotex Industries, A niche player in synthetic latex & rubber products: Anand Rathi | |
| Company: | Apcotex Industries Ltd |
| Brokerage: | Anand Rathi |
| Date of report: | June 6, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 22% |
| Summary: | Apcotex’s strong technology & management, extensive experience , and high-profile clientele have aided it in building major entry barriers for potential competitors and new entrants. As a result, it has a significant market share in each of the industrial verticals in which it operates. Moreover, upcoming and ongoing new capacity additions, growing export demand for NBR related products (Nitrile & XNBR latex etc.) and improving domestic demand in underlying industries like paper, carpets, construction etc, is expected to drive further growth for the company. We expect Apcotex’s Revenue/EBITDA/PAT to grow at a CAGR of 18%/21%/16% respectively by FY24 with margins being relatively stable. We initiate our coverage on Apcotex Industries Limited (APCOTEXIND)with a BUY rating and a target price of ₹772 per share |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Anand Rathi, Apcotex Industries Ltd |
| G R Infraprojects is well poised to deliver high quality/sustainable growth, which may lead to a multiyear rerating: HDFC Sec | |
| Company: | G R Infraprojects Ltd (GRIL) |
| Brokerage: | HDFC Sec |
| Date of report: | September 17, 2021 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 51% |
| Summary: | This is what good looks like |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | G R Infraprojects Ltd (GRIL), HDFC Sec |
| Neogen Chemicals is breaking into the next orbit with a bang: HDFC Sec | |
| Company: | Neogen Chemicals |
| Brokerage: | HDFC Sec |
| Date of report: | September 7, 2021 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 26% |
| Summary: | Breaking into the next orbit with a bang |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec, Neogen Chemicals |
| Nazara Technologies is India’s only listed gaming company with no competitive benchmarking: PL Research Report | |
| Company: | Nazara Technologies |
| Brokerage: | Prabhudas Lilladher |
| Date of report: | September 2, 2021 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 30% |
| Summary: | Indian Gaming Industry: A huge growth opportunity |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Nazara Technologies, Prabhudas Lilladher |
| NOCIL is a net cash company with strong corporate governance track record: SMIFS | |
| Company: | NOCIL |
| Brokerage: | Stewart & Mackertich |
| Date of report: | July 26, 2021 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 16% |
| Summary: | Healthy double-digit volume growth on the cards |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | NOCIL, Stewart & Mackertich |