Reports in category Result Update
| Sell L&T Technology Services (Stock recommended by Saurabh Mukherjea & Hiren Ved) for target price of Rs 3250 (11% downside): DART | |
| Company: | L&T Technology Services, LTTS |
| Brokerage: | Dolat Capital |
| Date of report: | January 12, 2023 |
| Type of Report: | |
| Recommendation: | Sell |
| Upside Potential: | 11% |
| Summary: | Uneasy Shift; Growth & Margin Trajectory Remain a Concern |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Dolat Capital, L&T Technology Services |
| Can Fin Homes is in the pink of health. Growth trajectory is intact. Buy for target price of Rs 630 (29% gain): Motilal Oswal | |
| Company: | Can Fin Homes |
| Brokerage: | Motilal Oswal |
| Date of report: | December 23, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 29% |
| Summary: | CANF, in our view, is a franchise which has proven its astute underwriting, strong risk management, and inclination to deliver industry-leading loan growth in the mortgage sector at least (if not more) over the last decade |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Can Fin Homes, Motilal Oswal |
| GAIL’s Valuations remain overly pessimistic and ignore the solid business model and strong long-term prospects: ICICI Securities | |
| Company: | GAIL |
| Brokerage: | ICICI Securities |
| Date of report: | December 20, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 30% |
| Summary: | We value GAIL on the basis of FY24E EV/EBITDA multiples of 4-5.5x applied to various segments, leading to a target price of Rs127/sh (implying 30% upside). Current valuations of 6.3x FY24E EPS and 5.3x FY24E EV/EBITDA remain well below 5-year valuation bands. Even at our target price, P/E of 8.2x FY24E EPS, and |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | GAIL, ICICI Securities |
| Indian Hotels is rapid scaling up margin-accretive new businesses. Buy for target price of Rs 390: Motilal Oswal | |
| Company: | Indian Hotels |
| Brokerage: | Motilal Oswal |
| Date of report: | December 19, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 19% |
| Summary: | Indian Hotel’s (IH’s) new and re-imagined businesses Ama Stays, Qmin, Chambers, and Management contracts are expected to scale up rapidly on the lower base and high growth runway. These businesses are margin accretive with higher margin flowthrough, thereby driving up the RoCE. The new business is expected to contribute ~26% to the company’s operating profits by FY25. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Indian Hotels, Motilal Oswal |
| JB Chemicals is the preferred pick in the Pharma sector: Nirmal Bang | |
| Company: | JB Chem |
| Brokerage: | Nirmal Bang |
| Date of report: | December 18, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 15.2% |
| Summary: | JB Chem has 7 formulations facilities and 1 API facility with most of the units approved by all major compliance agencies, including units TI10 (OSD), T20 (OSD) and D9 (API), which are USFDA compliant as well. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | JB Chem, Nirmal Bang |
| Worst is behind Balrampur Chini. Buy for Target Price of Rs 465 (21.6% Upside) | |
| Company: | balrampur chini |
| Brokerage: | jmfics |
| Date of report: | December 15, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 21.6% |
| Summary: | We remain positive on the sugar sector (especially efficient companies) as government policies (sugarcane price/MSP/ethanol prices) will ensure survival of the weakest. While the regulation of sugar exports appears optically negative, we are convinced that it is aimed at a) ensuring adequate stock for local consumption, thus avoiding any undesired rally in domestic prices, and b) continuity in the ethanol programme (ethanol momentum could get upset in case of a significant rally in sugar prices). BRCM continues to be the best among the sugar pack, in our view. We maintain BUY rating on Balrampur Chini (CMP-INR 374; Sep’23TP- INR 465). |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | balrampur chini, jm, jmfics |
| GREENPANEL INDUSTRIES has a Long runway before takeoff. Buy for Target Price of Rs 595 (54% Upside) | |
| Company: | GREENPANEL INDUSTRIES |
| Brokerage: | BOB Capital |
| Date of report: | December 6, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 54% |
| Summary: | GREENP is trading at ~15x FY24E EPS which is attractive given GREENP’s strong growth prospects, leadership position in MDF, and an improving balance sheet and return ratios |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BOB Capital Markets, GREENPANEL INDUSTRIES |
| Buy One 97 Communications (Paytm) for target price of Rs 1285 (156% Gain): ICICI Securities | |
| Company: | ICICI Securities, One 97 Communications (Paytm) |
| Brokerage: | One 97 Communications (Paytm) |
| Date of report: | December 2, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 156% |
| Summary: | Management expects positive FCF generation in 12-18 months; no onerous outcome of regulatory observations |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, One 97 Communications (Paytm) |
| AXIS Bank is on track to deliver steady performance. Buy for target price of Rs 1195 (35% upside): HDFC Securities | |
| Company: | Axis Bank |
| Brokerage: | HDFC Sec |
| Date of report: | November 25, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 35% |
| Summary: | AXSB finally seems to be on track to deliver steady performance with lower shocks. While the bank is on track to deliver ~14-15% RoE over the next couple of years, we argue that enhanced productivity and gradual exercising of pricing power in chosen segments could drive sustained medium-term RoEs. We argue for a gradual convergence in valuation multiples with ICICIBC |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Axis Bank, HDFC Sec |
| Home First Finance is trading at attractive valuations. Buy for target price of Rs 900 (34% upside): Motilal Oswal | |
| Company: | Home First Finance |
| Brokerage: | Motilal Oswal |
| Date of report: | November 16, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 34% |
| Summary: | Home First Finance (HomeFirst), in our view, is among the few high-quality and transparent franchises in the listed Affordable Housing Finance (AHFC) sector. Particularly, the company has demonstrated consistent execution on its guided metrics, across AUM growth, margins/spreads, asset quality, and credit costs. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Home First Finance, Motilal Oswal |