FY25 was the year of transition of the bank under the new management spearheaded by Mr KVS Manian. The bank’s strategic focus shifted towards scaling Federal Bank (FB) to new heights, placing it amongst the top banks over the next 3-5 years as the bank identified key growth drivers to ensure sustainable, strong growth as a part of its ‘Project Breakthrough’.
Signature Global maintains a confident outlook for FY26, projecting pre-sales of Rs 12,500 Cr and revenue recognition of Rs 4,800 Cr, driven by healthy demand, a strong launch pipeline, and disciplined execution. The company has an ambitious target to launch over 10 Mn sq. ft. of new projects in FY26, with an estimated Gross Development Value of ~Rs 17,000 Cr.
Amid a globally uncertain and challenging environment marked by inflation, currency fluctuations, and geopolitical tensions, VA Tech WABAG Ltd. delivered a resilient operational performance in FY25. The company secured new orders worth approximately Rs 5,700 Cr, reinforcing its healthy order book at Rs 13,667 Cr, reflecting a 21% YoY growth.
Based on the recent developments, we have made one change to our Top Picks recommendations. This includes the removal of Colgate India due to weaker-than-expected results and the addition of Kirloskar Brothers. Our modifications reflect the expectations of higher growth and margin profile going forward
We initiate coverage of Cera Sanitaryware Ltd. with a BUY recommendation and a target price of Rs 8,500/share, implying a potential upside of 31% from the CMP.We expect Revenue/EBITDA/PAT CAGR of 10%/9%/9% from FY24-FY27E.Cera is engaged in the business of manufacturing, selling, and trading various kinds of building products. Its products and services include sanitaryware, faucets and showers, tiles, and wellness. With world-class manufacturing facilities and a strong brand promise, we foresee a strong revival in growth once demand picks up
We are happy to share that the Axis Top Picks Basket delivered a return of 9.7% in the last three months against the 8.5% return posted by the Nifty 50, outperforming the Nifty 50 by a notable margin of 1.2%. Moreover, over the last one month, the basket has gained 3.7%. Our Top Picks Basket has delivered an impressive return of 336% since its inception (May’20), which stands well above the 175% return delivered by the NIFTY 50 index over the same period
Top Conviction Stock Ideas of Q4FY25 from Cement, Metals and Mining, Pharma, BFSI, Infra, Chemical, FMCG, Retail, Auto and Auto Ancillaries and Real Estate
The Axis Top Picks Basket delivered a return of 15.3% in the last three months against the 11.9% return posted by the Nifty 50, outperforming the Nifty 50 by a notable margin of 3.4%. Moreover, over the last one month, the basket has gained 2.6%. We are happy to share that our Top Picks Basket has delivered an impressive return of 321% since its inception (May’20), which stands well above the 167% return delivered by the NIFTY 50 index over the same period
We believe ITC’s long-term growth trajectory remains intact, with most segments (excluding FMCG and Paperboards) on a steady path. 1) Cigarette volumes continue to grow, supported by innovations and premiumisation. 2) The Agribusiness remains resilient, driven by strong customer relationships and agile execution in leaf tobacco, coffee, and spices. 3) While FMCG growth has been impacted by muted urban demand and input cost inflation, the sector is poised for a recovery. The government’s recent budget measures, along with expanding outlet coverage, localisation strategies, and premiumisation efforts, are expected to revive growth in the coming quarters
Based on the recent developments, we have made multiple changes to our Top Picks recommendations. This includes the removal of Cholamandalam Investment, Trent, and Indian Hotels, and the addition of Shriram Finance (reasonable valuation after the recent correction), Avenue Supermarts (Expectation of healthier recovery in Value Retail in the second half), and Colgate (Valuation comfort play in FMCG). Our modifications reflect the changing market style and a slight shift towards consumption and domestically oriented play
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