| JB Pharma Investors Presentation Q2FY23 | |
| Company: | JB Pharma |
| Brokerage: | |
| Date of report: | November 11, 2022 |
| Type of Report: | Investors' Presentation |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | JB Chemicals & Pharmaceuticals Ltd (JB Pharma), one of the fastest growing pharmaceutical companies in India, announced its financial results for the second quarter ended 30th September, 2022. For the second quarter ended 30th September 2022, the Company recorded revenue of INR 809 crores as compared to INR 593 crores, registering growth of 36%. Operating EBITDA* (Earnings Before Interest Depreciation and Taxes) increased by 44% to INR 202 crores as compared to INR 140 crores. Profit after Tax stood at INR 111 crores as compared to INR 98 crores registering growth of 13% |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | JB Pharma |
| Buy HG Infra for target price of Rs 1013. Execution pick-up will drive further rerating: HDFC Sec | |
| Company: | HG Infra |
| Brokerage: | HDFC Sec |
| Date of report: | November 11, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 87% |
| Summary: | The company plans to monetise four HAM projects at a ~40% premium to book value of INR 3.5bn invested equity by Mar’23. Given robust order inflow and strong execution, we maintain BUY, with an increased TP of INR 1,013 (14x Sep-24E EPS) to factor in a higher level of execution and better EBITDA margin |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec, HG Infra |
| State Bank of India is firing on all cylinders. Buy for Target Price of Rs 805: ICICI Securities | |
| Company: | SBI |
| Brokerage: | ICICI Securities |
| Date of report: | November 6, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 32% |
| Summary: | We expect NIM trajectory to sustain with repricing of lending book offsetting any deposit cost rise. Credit growth of 18% / 16%, stable NIMs, operating profit growth of 22% / 19% and credit cost of 0.8% / 0.9% will drive RoE to 18%/ 17% by FY23E/FY24E, respectively. This will help SBI command 1.7x FY24E core banking business book (earlier 1.5x Sep’23E). We revise our SoTPbased target price to Rs 805 (earlier: Rs 673) |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, SBI |
| 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: | Result Update |
| 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: | Result Update |
| 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: | Result Update |
| 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: | Result Update |
| 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 |
| HAL is a multi-year growth story with significant growth potential: ICICI Direct | |
| Company: | Defense Sector stocks, Hindustan Aeronautics, Model Portfolio |
| Brokerage: | ICICI-Direct |
| Date of report: | October 28, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | The Navy’s big projects in pipeline give a longer term visibility to defence shipyard companies like Mazagon Dock, Cochin Shipyard and Garden Reach. Moreover, the need of new aircraft for INS Vikrant like twin engine deck based fighter (TEDBF) to be manufactured by HAL. With these new high tech aircraft & warships, players like Bharat Electronics & Data Patterns will also benefit significantly in the future. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Defense Sector Stocks, ICICI-Direct |
| India Defense Sector is at the cusp of strong growth upcycle: Edelweiss | |
| Company: | Defense Sector stocks, Model Portfolio |
| Brokerage: | Edelweiss |
| Date of report: | October 28, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Companies like BDL (CMP INR 988, Mcap INR 18,105 cr) , HAL (CMP INR 2501, Mcap 83,640 cr) and BEL ( CMP INR 108, Mcap INR 78,836 cr) among PSU’s and PTC Industries (CMP INR 2859, Mcap INR 3,745 cr), Paras Defense (CMP INR 639, Mcap INR 2,490 cr), Data Patterns (CMP INR 1335, Mcap INR 6,930 cr) and SOLAR industries (CMP INR 3935, Mcap INR 35,611 cr) among private companies are better placed to exploit the upcoming opportunity |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Defense Sector Stocks, Model Portfolio |
| 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: | Result Update |
| 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 |