JMFICS

Schloss Bangalore share price target

Schloss Bangalore will benefit from the demand-supply outlook for the luxury hospitality segment. Buy for target price of ₹605 (44.1% upside): JMFics

Arjun September 22, 2025

We expect the company to report 17%/18% CAGR in Revenue/EBITDA over FY25-28E, aided by...

Piramal Pharma share price target

Piramal Pharma has one more blockbuster win in CDMO. Buy for target price of ₹313 (67.6% upside): JMFICS

Arjun September 3, 2025

Piramal Pharma Solutions (PPS), the CDMO arm of Piramal Pharma, has announced a multi...

Eureka Forbes share price target

Eureka Forbes’ debt-free balance sheet, negative working capital and strong FCF generation provide comfort. Buy for target price of ₹715 (29.8% upside): JMFICS

Arjun August 31, 2025

FY25 was a stellar year for Eureka Forbes (EFL), visible from a) step-up in...

ITC Hotels share price target

ITC Hotels has solid fundamentals but valuations are stretched. Sell for target price of ₹215 (12.2% downside): JMFICS

Arjun August 25, 2025

ITCH has a strong debt-free balance sheet with a net cash position of INR...

Piramal Pharma share price target

Piramal Pharma has an ambitious roadmap to nearly double revenues in key segments by FY30. Buy for target price of ₹295 (53% upside): JMFICS

Arjun August 21, 2025

We recently hosted Piramal Pharma Ltd at the JM Financial Promoter Conference, represented...

Shyam Metalics share price target

Shyam Metalics offers a unique play in the Indian metals space. Buy for target price of ₹1080 (15.4% upside): JMFICS

Arjun July 26, 2025

Shyam Metalics offers a unique play in the Indian metals space, with a combination...

Kalyan Jewellers share price target

Kalyan Jewellers has large growth opportunity from the huge unorganised market. Buy for target price of ₹700 (19.4% upside): JMFICS

Arjun July 15, 2025

Kalyan Jewellers was founded by T S Kalyanaraman – who has over 45 years...

Tips Music share price target

Tips Music is poised for growth even in a turbulent industry landscape. Buy for target price of ₹800 (24% upside): JMFICS

Arjun July 10, 2025

We initiate coverage on Tips Music Ltd (Tips Music) with a BUY rating and...

HG Infra share price target

HG Infra has robust execution track record, strong growth and lean balance sheet. Buy for target price of ₹1740 (65.7% upside): JMFICS

Arjun June 30, 2025

We met the management of HG Infra led by Chairman and Managing Director Mr....

SJS Enterprises share price target

SJS Enterprises is expected to outperform the industry growth by 2x. Buy for target price of ₹1425 (16.6% upside): JMFICS

Arjun June 25, 2025

We recently visited SJS's manufacturing facilities in Bengaluru. The company has built end-toend capabilities,...