Reports in category Result Update
| Buy Suprajit Engineering for Target Price of Rs 433 (32.8% gain): SMIFS | |
| Company: | Suprajit Engineering |
| Brokerage: | SMIFS |
| Date of report: | November 2, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 32.8% |
| Summary: | The company is putting good efforts to de-risk and grow beyond cables, this would provide additional growth opportunities. The company is moving up the value chain, rediscovering itself for a profitable growth ahead. It is capable to invest in complex & future-ready products. Maintain BUY rating! |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | SMIFS, Suprajit Engineering |
| TCI Express is well positioned to capitalize on the growing opportunities in the domestic logistics space: SMIFS | |
| Company: | TCI Express |
| Brokerage: | SMIFS |
| Date of report: | November 1, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 14.5% |
| Summary: | TCI Express is well positioned to capitalize on the growing opportunities in the domestic logistics space. The company to further strengthen its efficiencies and capabilities through automation, setting up new sorting centers, adding new branches and launch of new service. We have valued the stock at 40x Sep’24 EPS of Rs 54.2 (rollover from Mar ’24) to arrive at a target price of Rs 2,168, offering retun potential of ~14.5% and maintain an “Accumulate” rating on the stock |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | SMIFS, TCI Express |
| Bharat Electronics Ltd has steady performance; maintain “Tactical BUY” for Target price: INR 130, Upside 23%: Edelweiss | |
| Company: | Bharat Electronics |
| Brokerage: | Edelweiss |
| Date of report: | October 31, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 23% |
| Summary: | We believe BEL will regain and sustain double digit revenue growth in FY23-24, based on strong order book position, strong project line-ups, and easing of supply chains. Order book stands at INR 52,795 Cr and after adjusting for Triton Electric vehicle contract of INR 8,060 Cr, order book would be INR 60,855 cr. With strong order book in hand and parallel execution capability for multiple platforms, BEL has a strong P/L growth visibility. Further, it is emerging as a key beneficiary of increase in defence capital expenditure. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Bharat Electronics, Edelweiss |
| Strong capex led volume surge to drive long-term growth of Balaji Amines Ltd, Maintain BUY: Edelweiss | |
| Company: | Balaji Amines |
| Brokerage: | Edelweiss |
| Date of report: | October 31, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 41% |
| Summary: | Balaji Amines Ltd. (BAL) posted robust growth on YoY basis, however performance on sequential basis was muted. Top line came slightly below expectations, primairly due to underperformance by the standalone business, while gross profit margin was under pressure despite stable raw material prices impacting profitability. Balaji Specialty Chemicals (BSC) contined its robust performance on strong realisations. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Balaji Amines, Edelweiss |
| Buy Tata Consumer Products for target price of Rs 950 (25% gain): ICICI Direct | |
| Company: | Tata Consumer Products |
| Brokerage: | ICICI-Direct |
| Date of report: | October 21, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | Tata Consumer Products (TCPL) is one of the major FMCG companies present in tea, coffee & other beverages in India, UK, US, Canada and some other geographies. In India, it also has salt, pulses, spices and other food products. Its subsidiary NourishCo is present in packaged water & other beverages. The company is in JV with Starbucks, which has 300 stores in India |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI-Direct, Tata Consumer |
| Buy Hindustan Aeronautics for Target Price of Rs 2655: ICICI Securities | |
| Company: | Hindustan Aeronautics, ICICI Securities |
| Brokerage: | ICICI Securities |
| Date of report: | August 30, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 15% |
| Summary: | HAL has hired BCG for consultation to identify areas of potential diversification, business strategy, internal restructuring and improving operational efficiency. Some of the areas of diversification are civil MRO, passenger-to-freight conversion of aircraft, UAV simulators, etc. for capturing additional revenues. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Hindustan Aeronautics, ICICI Securities |
| GREENPANEL INDUSTRIES has leadership position in the MDF market, improving balance sheet: BobCaps | |
| Company: | GREENPANEL INDUSTRIES |
| Brokerage: | BOB Capital |
| Date of report: | September 8, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 35% |
| Summary: | Despite a strong Q1FY23, stock performance has remained lacklustre owing to management’s “over-cautious” guidance. GREENP is trading at 17x FY24E EPS. We continue to value the stock at 23x FY24E EPS, a 34% discount to peer CPBI, and retain our TP of Rs 595 with a BUY rating. We like the company for its a leadership position in the MDF market, improving balance sheet and commendable improvement in working capital discipline and return ratios |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BOB Capital Markets, GREENPANEL INDUSTRIES |
| Repco Home Finance: Business franchise is currently undervalued: ICICI Securities | |
| Company: | Repco Home Finance |
| Brokerage: | ICICI Securities |
| Date of report: | August 13, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Under the leadership of new MD & CEO, Mr. K. Swaminathan, growth strategy seems to be delivering the right results. Company’s business franchise is currently undervalued – the stock trades below its FY23E book and at 3.4x FY23E earnings, and is available at <0.1x AUM. Maintain BUY with an unchanged target price of Rs470, assigning 1.1x Sep’23E book value |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, Repco Home Finance |
| Buy Grasim for target price of Rs. 1715 (19% gain): Motilal Oswal | |
| Company: | Grasim |
| Brokerage: | Motilal Oswal |
| Date of report: | July 20, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 19% |
| Summary: | We remain positive on GRASIM’s entry into the Paints business, and believe its brand equity as well as its ability to leverage the distribution network of Birla White will help it achieve a reasonable scale in this business |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Grasim, Motilal Oswal |
| Buy Asian Paints for Target Price of Rs 3,707: Powerful execution is driving volume and profits: Centrum | |
| Company: | Asian Paints |
| Brokerage: | Centrum |
| Date of report: | July 26, 2022 |
| Type of Report: | |
| Recommendation: | Buy |
| Upside Potential: | 19% |
| Summary: | APNT’s Q1FY23 print was in‐line with our estimates. Consolidated revenue/EBITDA/PAT grew 54.1%/70.3%/85.9% driven by robust volume growth of 37% in domestic decorative segment (4‐year CAGR value and volume 20% each). The management alluded the growth was fueled by (1) faster growth in T1/T2 markets, (2) project/institutional business, (3) premium luxury emulsions, and (4) increase in […] |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Asian Paints, Centrum |