Posts tagged HDFC Sec
| Kaynes Technology has execution superiority in a favourable ecosystem. Buy for target price of Rs 2850: HDFC Sec | |
| Company: | Kaynes Technology |
| Brokerage: | HDFC Sec |
| Date of report: | November 28, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 16% |
| Summary: | Kaynes Technology (Kaynes) is one of the prominent players in electronics system design and manufacturing (ESDM) services with three decades of experience (mainly in B-B). |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Kaynes Technology |
| The BSE stock has rallied ~2.5x in the last six months led by market share gains. It is still a good buy for 22% upside: HDFC Sec | |
| Company: | BSE Ltd |
| Brokerage: | HDFC Sec |
| Date of report: | November 10, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 22% |
| Summary: | The stock has rallied ~2.5x in the last six months led by market share gains and is currently trading at a P/E of 37/30x FY25/26E vs 5Y average 1Y-fwd P/E ~21x |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BSE |
| State Bank of India: New moats emerge as game changers. Buy for target price of Rs 790 (37% upside) | |
| Company: | SBI |
| Brokerage: | HDFC Sec |
| Date of report: | October 14, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 37% |
| Summary: | While SBI always had the natural advantage of brand recognition and scale, the bank has gradually added other competitive moats in the form of a prolific sourcing edge, a YONO-powered digital stack, an unparalleled lean distribution model, and a potent combination of cross-sell focus and competencies |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | SBI |
| Stylam Industries is the fastest-growing laminate company in India. Buy for target price of Rs 2300 (32% upside) | |
| Company: | Stylam Industries |
| Brokerage: | HDFC Sec |
| Date of report: | October 9, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 32% |
| Summary: | We initiate coverage on Stylam Industries with a BUY rating and a target price of INR 2,300 (22x its Sep-25 EPS). We like the company for its industry-leading growth and EBITDA margins, healthy balance sheet, and return ratio profile. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | stylam industries |
| Navin Fluorine: Steep Correction due to resignation of MD is opportunity to buy for target price of Rs 5368 (40% upside) | |
| Company: | Navin Fluorine |
| Brokerage: | HDFC Sec |
| Date of report: | October 5, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 40% |
| Summary: | We expect NFIL’s PAT to grow at a 30% CAGR over FY23-26E, led by a 33% CAGR in EBITDA. We retain our BUY rating on Navin Fluorine, with a target price of INR 5,368 (WACC 11%, terminal growth 5.5%) on the back of (1) earning visibility given long-term contracts in speciality chemicals and HPP segments; (2) a tilt in sales mix towards high margin high-value business; and (3) capacity expansion-led growth |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Navin Fluorine |
| Buy MCX for target price of Rs 2400 (26% upside). Tech transition is underway; options surge: HDFC Sec | |
| Company: | MCX |
| Brokerage: | HDFC Sec |
| Date of report: | September 27, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 26% |
| Summary: | The Multi Commodity Exchange of India Ltd (MCX) has witnessed impressive growth in options volume but uncertainty around the technology shift has been the key overhang. The commodity exchange, in a press release, has indicated that the technology shift is underway and might happen three months ahead of the deadline. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | MCX |
| Long term upside targets for Nifty remains intact. Present downward correction is a buying opportunity: HDFC Sec | |
| Company: | Nifty |
| Brokerage: | HDFC Sec |
| Date of report: | August 12, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | The long term upside targets for Nifty remains intact. Present downward correction is expected to be a buying opportunity. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | |
| FinNifty Bear Spread Strategy with Risk Reward Ratio of 1:1.62 | |
| Company: | Finnifty |
| Brokerage: | HDFC Sec |
| Date of report: | August 3, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Sell |
| Upside Potential: | 3% |
| Summary: | Technically, FinNifty has broken down from last three days of consolidation and formed a bear candle |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Finnifty |
| Nifty has entered bearish territory – Elliot wave perspective by HDFC Sec | |
| Company: | Model Portfolio, Nifty |
| Brokerage: | HDFC Sec |
| Date of report: | August 4, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Sell |
| Upside Potential: | 5.77% |
| Summary: | Nifty Last Close – 19527 “Entered into bearish territory” |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Elliot wave, NIFTY |
| Birlasoft has good growth prospects. Buy for target price of Rs 530 (23% upside): HDFC Sec | |
| Company: | Birla Soft |
| Brokerage: | HDFC Sec |
| Date of report: | August 4, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 23% |
| Summary: | Based on our mid-tier IT assessment framework, client cohort analysis and industry checks, we are positive about BSOFT’s growth prospects. We initiate on BSOFT with a BUY recommendation and a TP of INR 530, based on 21x Jun-25E with 20% EPS CAGR over FY23-26E |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Birlasoft India |