Posts tagged ICICI Securities
| Buy Century Plyboards For Target Price Of Rs. 747 (46% Gain): ICICI Securities | |
| Company: | Century Ply |
| Brokerage: | ICICI Securities |
| Date of report: | June 28, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 46% |
| Summary: | We continue to like CPBI for its strong growth prospects, high return ratios and healthy balance sheet and believe it will be a major beneficiary of the uptick in housing demand and higher spend on home improvement post the pandemic. Maintain estimates and Mar’23E target price of Rs747, set at unchanged 35x PER FY24E |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Century Ply |
| HDFC Bank’s runway is huge; it can potentially add a new HDFC Bank every 5 years. Buy for 47% gain: ICICI Securities | |
| Company: | HDFC Bank, ICICI Securities |
| Brokerage: | ICICI Securities |
| Date of report: | June 23, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 47% |
| Summary: | Growth runway is huge; potentially add HDFC Bank every five years. Proposed merger adds an entirely different dimension to the future. There may not be any need to raise further funds to meet reserve requirements. Plans to nearly double its network in next 3-5 years by opening 1,500 to 2,000 branches every year. 4) Bank will continue to invest in modern technology and talent. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Bank |
| IT Sector is showing clear signs of moderation. Maintain underweight stance: ICICI Securities | |
| Company: | IT Sector |
| Brokerage: | ICICI Securities |
| Date of report: | June 24, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Hold |
| Upside Potential: | 100% |
| Summary: | We re-iterate our underweight stance on the Indian IT services and believe deployment in the sector should be very slow and gradual as we believe there would be many unknown risks (normalisation of tech spend, downside risk on FY24 revenue growth etc.) ahead, which might further degrade valuations. We suggest investor to stick with TCS in large cap; Coforge in mid cap. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | IT Sector |
| SBI has set new standard in banking excellence. Buy for Target Price of Rs. 673 (45% Upside) | |
| Company: | SBI |
| Brokerage: | ICICI Securities |
| Date of report: | June 11, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 45% |
| Summary: | SBI has set new standard in banking excellence: SBI exited FY22 with 13.9% RoE and 0.67% RoA aided by growth build-up, GNPAs at a decadal low, slippages at <1%, credit cost at 55bps and steady margin profile. Improved visibility on asset quality with ‘new normal’ credit cost of 1%, credit growth of 13%/15% for FY23E/FY24E, asset resolution and stable NIMs will drive RoE to >16% by FY23E/FY24E and valuations to 1.5x Sep’23E book. Maintain BUY with an unchanged target price of Rs673. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | SBI |
| Buy HDFC Ltd for target price of Rs. 3100 (26% upside): ICICI-Direct | |
| Company: | HDFC |
| Brokerage: | ICICI-Direct |
| Date of report: | August 2, 2021 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 26% |
| Summary: | Steady operations; business to pick up from here on… |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC |
| Divi’s Laboratories Research Report By ICICI Securities | |
| Company: | Divi's Lab |
| Brokerage: | ICICI Securities |
| Date of report: | December 9, 2020 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 7.5% |
| Summary: | Sustainable strong growth play |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Divi's Labs |