Posts tagged Edelweiss
| Long Term Recommendation Carysil Ltd. Buy for target price of Rs 784 (59% upside) | |
| Company: | Acrysil, Carysil |
| Brokerage: | Edelweiss |
| Date of report: | December 13, 2022 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 59% |
| Summary: | Carysil is well-placed for strong growth, supported by industry tailwinds, increased home improvement spending and demand for aesthetically appealing products globally. Although we saw earnings moderation in FY23 on high quartz sink inventories in the channel, we expect revenue growth to recover sharply in FY24E |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Acrysil, Carysil |
| Godawari Power is a Trading Buy with Expected Return of 61%: Edelweiss | |
| Company: | Godavari Power & Ispat |
| Brokerage: | Edelweiss |
| Date of report: | December 8, 2022 |
| Type of Report: | Techno-Funda |
| Recommendation: | Buy |
| Upside Potential: | 61% |
| Summary: | Godawari Power & Ispat (GPIL) is a fully backward-integrated steel company with strong presence across the value chain—from operating captive iron-ore mines to manufacturing and selling value-added steel products. The company is one of the largest pellet manufacturers in India and India’s only manufacturer of high-grade pellets |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Godavari Power & Ispat |
| IT is a secular growth sector. Valuations are now reasonable: Edelweiss | |
| Company: | IT Sector |
| Brokerage: | Edelweiss |
| Date of report: | November 24, 2022 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | IT sector at reasonable valuations: We elaborated earlier that IT stock’s valuation has corrected 17%-49% and Nifty IT index valuation corrected by 27%. Since then, valuations have inched up but valuation is broadly within the reasonable band (albeit at higher side of the band) adjusted for RoCE & growth rate expansion post-pandemic. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | IT Sector |
| 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 |
| 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 |
| Long Term Recommendation Tarsons Products Ltd by Edelweiss | |
| Company: | Tarsons Products |
| Brokerage: | Edelweiss |
| Date of report: | June 17, 2022 |
| Type of Report: | Initiating Coverage |
| 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: | Tarsons Products |
| Review of the best Home Decor stocks (tiles, wood panel and plastic pipes) by Edelweiss | |
| Company: | Model Portfolio |
| Brokerage: | Edelweiss |
| Date of report: | August 20, 2021 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Balance sheet strength continues along with capex announcements |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Home Decor stocks |
| Buy TATA POWER for Target Price Of Rs. 170: Edelweiss | |
| Company: | Tata Power |
| Brokerage: | Edelweiss |
| Date of report: | August 5, 2021 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 29% |
| Summary: | The Shift: Changing business orientation |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Tata Power |
| Great opportunity to accumulate Concor stock: Edelweiss | |
| Company: | CONCOR |
| Brokerage: | Edelweiss |
| Date of report: | July 30, 2021 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 24% |
| Summary: | Gaining traction as pieces fall in place |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Concor |