Posts tagged ICICI-Direct
| Amara Raj is in value zone with attractive risk reward. Buy for target price of Rs 900 (27% upside) | |
| Company: | Amara Raja |
| Brokerage: | ICICI-Direct |
| Date of report: | December 1, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 27% |
| Summary: | With steady growth prospects in base business, increasing focus in new energy domain, merger of related businesses at fair value, healthy net cash positive B/S & inexpensive valuations, we have a positive view on the stock |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Amara Raja |
| Engineers India is a High Conviction Buy Idea for target price of Rs 160 (25% upside): Strong growth available at attractive valuations: ICICI Direct | |
| Company: | Engineers India Ltd |
| Brokerage: | ICICI-Direct |
| Date of report: | October 30, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | With strong order inflows in FY23-Q1FY24, better segment mix, focus on new export markets we believe company’s financial performance to improve significantly over FY23-25E as compared to FY20-23. Revenue and PAT are expected to register 15.5% and 23.1% CAGR over FY23-FY25E, respectively. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Engineers India Ltd |
| Action Construction Equipment (ACE) is well positioned to benefit from strong industry tailwinds. Buy for target price of Rs 910 (23% upside) | |
| Company: | Action Construction Equipment (ACE) |
| Brokerage: | ICICI-Direct |
| Date of report: | October 23, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 23% |
| Summary: | ACE is well positioned to ride the strong demand cycle in its product segments in both domestic & exports market, new product developments. We believe company’s operational and financial performance to improve significantly in the coming period |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Action Construction Equipment (ACE) |
| VSSL’s aim is to make it big in the special steel domain with backing of Aichi Steel Corp. Buy for target price of ₹260 (30% upside): ICICI-Direct | |
| Company: | Vardhman Special Steel |
| Brokerage: | ICICI-Direct |
| Date of report: | October 19, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 30% |
| Summary: | We assign BUY rating to the stock gaining confidence from VSSL’s aim to make it big in the special steel domain amidst backing of Aichi Steel Corporation. We value VSSL at ₹260 i.e., 18x PE on FY25E-26E average EPS of ₹14.3/share |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Vardhman Special Steel |
| Mayur Uniquoters is a conviction idea in small cap auto ancillary space for 30% upside potential: ICICI Direct | |
| Company: | Mayur Uniquoters |
| Brokerage: | ICICI-Direct |
| Date of report: | October 5, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 30% |
| Summary: | We assign BUY rating on Mayur Uniquoters amidst healthy growth prospects especially in auto OEM export space, healthy margin profile (~20%), capital efficient business model (RoIC: 20%+) & Cash positive B/S (Net cash at ~₹180 crore as of FY23) |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Mayur Uniquoters |
| Buy PNC Infratech for target price of Rs 460. Asset monetisation – a key trigger ahead: ICICI Direct | |
| Company: | PNC Infratech |
| Brokerage: | ICICI-Direct |
| Date of report: | September 22, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | PNC Infratech has established itself as a strong executor in roads and water infra segments. Additionally, superior execution capabilities via ownership of modern |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | PNC Infratech |
| Astra Microwave Products is well poised for strong growth ahead. Buy for target price of Rs 510 (27% upside): ICICI Direct | |
| Company: | Astra Microwave Products ( |
| Brokerage: | ICICI-Direct |
| Date of report: | September 12, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 27% |
| Summary: | Astra Microwave Products (AMPL), incorporated in 1991, is engaged in design, development and manufacture of sub-systems for Radio Frequency and microwave systems, primarily used in defence, space & meteorology |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Astra Microwave Products ( |
| BSE is getting a boost from Derivatives. Buy for target price of Rs 1230 (35% upside): ICICI Direct | |
| Company: | BSE Ltd |
| Brokerage: | ICICI-Direct |
| Date of report: | August 30, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 35% |
| Summary: | The bull case assumes a 10% derivatives market share (similar to the base case) but higher options pricing, resulting in a 23% revenue CAGR and 30x multiple, indicating a ~70% upside. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BSE |
| CanFin Homes is the best in class HFC player with a robust business model & underwriting practices: ICICI Direct | |
| Company: | Can Fin Homes |
| Brokerage: | ICICI-Direct |
| Date of report: | August 15, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | CFHL has been best in class HFC player with a robust business model & underwriting practices, which resulted in healthy earnings growth with GNPA <1% across cycles. Strategy adopted by new management to strengthen processes & IT infrastructure to further aid business growth and RoA. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Can Fin Homes |
| Indo Count is poised for a healthy volume recovery in FY24E. Buy for target price of Rs 295 (25% upside) | |
| Company: | Indo Count Industries |
| Brokerage: | ICICI-Direct |
| Date of report: | August 21, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy to provide robust opportunities for Indian exporters. ICIL through its sizeable capacity is well poised to capture the export opportunity in global home textile trade |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Indo Count |