Posts tagged ICICI Securities
| Coal India has plenty of steam left. Buy for target price of Rs 395 (25% upside): ICICI Securities | |
| Company: | Coal India |
| Brokerage: | ICICI Securities |
| Date of report: | October 20, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 25% |
| Summary: | Despite the impressive run-up (~37% in the past 3months), we believe that there is still room for a 25% upside for CIL’s stock price performance |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Coal India |
| Review of 12 Speciality Chemicals stocks with Buy, Hold & Reduce Recommendations by ICICI Securities | |
| Company: | Speciality Chemicals stocks |
| Brokerage: | ICICI Securities |
| Date of report: | September 22, 2023 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Speciality Chemicals, Chemical prices for Jul’23 |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Speciality Chemicals |
| Five Star Business Finance has huge untapped opportunity of INR 22trn. Buy for target price of Rs 860 (19% upside): ICICI Sec | |
| Company: | Five Star Business Finance |
| Brokerage: | ICICI Securities |
| Date of report: | September 6, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 19% |
| Summary: | Five Star Business Finance’s FY23 annual report provides an insight on how it is progressing towards its vision of “reaching the unreached through suitable credit solution” and capturing the INR 22trn MSME lending opportunity. AUM growth reviving to 37% in FY23 vs 14% CAGR between FY20-22 (covid impact) is a testimony to its agility and business resiliency. In a high human touch model, adherence to standard-operating-process (SOPs) becomes a prerequisite, and negligible frauds / mishandling of cash in FY23 (and even in previous years) reflects its tight control on processes and staff quality. Notably, gross stage 3 increased marginally to 1.36% in FY23 vs 1.06% in FY22 despite the implementation of daily DPD recognition from Oct’22. Maintain BUY with an unchanged target price of INR 860, valuing the stock at 4.5x on Sep’24 BVPS |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Five Star Business Finance |
| Buy Suzlon Energy for target price of Rs 22 (47% upside): ICICI Securities | |
| Company: | suzlon energy |
| Brokerage: | ICICI Securities |
| Date of report: | June 29, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 46% |
| Summary: | Suzlon is best equipped to benefit from industry tailwinds. We expect a sharp uptick in earnings FY24E onwards. Initiate with BUY and a target price of Rs 22 per share (assigning a multiple of 24x FY25E EPS). |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | suzlon eneegy |
| Sell Mazagon Dock Shipbuilders for Target price Rs 600: ICICI Securities | |
| Company: | mazagon dock |
| Brokerage: | ICICI Securities |
| Date of report: | June 3, 2023 |
| Type of Report: | Result Update |
| Recommendation: | Sell |
| Upside Potential: | -42% |
| Summary: | MDSL’s lack of order visibility offsets its near-term robust revenue estimate. As a result, we perceive unfavourable risk-reward at CMP. We maintain SELL on MDSL stock with an unchanged TP of Rs600 (based on DCF methodology) |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | mazagon dock |
| Transformers and Rectifiers India is firing on all cylinders. Buy for Target Price of Rs 86 (35% upside): ICICI Direct | |
| Company: | Transformers and Rectifiers India |
| Brokerage: | ICICI-Direct |
| Date of report: | January 10, 2023 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 35% |
| Summary: | After many years of stagnant performance, growth prospects are looking bright across all parameters. Revenue CAGR of 20% in FY2224E coupled with margins hitting 10.8% in FY24E will enable TRIL to post its best ever profitability performance. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Nano Nivesh, Transformers and Rectifiers India |
| GAIL’s Valuations remain overly pessimistic and ignore the solid business model and strong long-term prospects: ICICI Securities | |
| Company: | GAIL |
| Brokerage: | ICICI Securities |
| Date of report: | December 20, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 30% |
| Summary: | We value GAIL on the basis of FY24E EV/EBITDA multiples of 4-5.5x applied to various segments, leading to a target price of Rs127/sh (implying 30% upside). Current valuations of 6.3x FY24E EPS and 5.3x FY24E EV/EBITDA remain well below 5-year valuation bands. Even at our target price, P/E of 8.2x FY24E EPS, and |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | GAIL |
| Buy One 97 Communications (Paytm) for target price of Rs 1285 (156% Gain): ICICI Securities | |
| Company: | ICICI Securities, One 97 Communications (Paytm) |
| Brokerage: | One 97 Communications (Paytm) |
| Date of report: | December 2, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 156% |
| Summary: | Management expects positive FCF generation in 12-18 months; no onerous outcome of regulatory observations |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | One 97 Communications (Paytm) |
| Best Defense stocks to buy, hold or sell: ICICI Securities | |
| Company: | Defense Sector stocks |
| Brokerage: | ICICI Securities |
| Date of report: | November 24, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Despite formidable stock returns of ~70% on average over a year, we believe there is further steam left in the sector on the back of robust orderbooks and improving earnings quality. We maintain HAL (BUY; TP: Rs3,170), BEL (BUY; TP: Rs125) and Astra Microwave (BUY; TP: Rs380) as our preferred picks in the space. We maintain SELL on MDSL (TP: Rs575) and GRSE (TP: Rs390) owing to earnings peaking out by FY25 |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Defense Sector Stocks |