Two water vendors pull a barrel of water on a hot summer day accross the streets of Mumbai. The water is pumped out of a tubewell and sold to thousand of hawkers who line the city’s streets. In the background is the magnificient Victoria Terminus building which was built in 1888 and named after the then Queen Empress (Queen Victoria). It is a classic example of the Victorian Gothic architectural style. It was renamed the ‘Chhatrapati Sivaji Terminus’ on March 4, 1996 to appease the sentiments of local politicians. An estimated 2 million passengers travel through the station every working day.
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- Senco Gold has significant re-rating scope. It is trading at a 45-55% discount to Titan/KalyanSenco Gold has significant re-rating scope. It is trading at a 45-55% discount to Titan/Kalyan & at ~25% discount to P N Gadgil. Given the strong execution & growth prospects the steep discount is unwarranted. Buy for TP ₹1600 (+14%) Report
- Buy Stovekraft for target price of ₹1350 & 56% upside potentialStovekraft is a challenger brand gunning for leadership position. It is growing significantly ahead of peers & is a market leader in several products. It has huge operating leverage play. Valuation is attractive, 35% EPS CAGR, robust FCF. TP ₹1350 (+56%) Download... Buy Stovekraft for target price of ₹1350 & 56% upside potential
- Bajaj Housing Finance has a target price of ₹210BHFL is in a league of its own with focus on the ‘desirable’ sweet spot of Rs 5mn which addresses 65% of home-loan aspirants. Co aims to be among top-4 mortgage players. Focus is on building a low-risk balance sheet with strong return ratios. TP ₹210 (27%) Download report... Bajaj Housing Finance has a target […]
Recent Posts
- Adani Ports is expected to outpace India’s overall growth. Buy for target price of ₹1850 (31% upside): Motilal Oswal
- Senco Gold has significant re-rating scope. Buy for target price of ₹1600 (14% upside): Emkay
- Stovekraft is a challenger brand gunning for leadership position. Buy for target price of ₹1350 (56% upside): Emkay
- Bajaj Housing Finance will be among top-4 mortgage players in the medium term. Buy for target price of ₹210 (27% upside): Philip Capital
- Aadhar is a large affordable HFC (Rs211 bn of AUM in FY2024, 7% market share in the affordable segment) with a long track-record, well-diversified geographical presence and customer profile. Buy for target price of ₹550 (41% upside): Kotak Institutional Equities
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