GARDEN REACH SHIPBUILDERS & ENGINEERS, a ship building company in India, under the administrative control of the Ministry of Defence. Call & Research Report by HDFC Securities Sector: Ship Building CMP Rs. 455.4, Target Rs. 540 (19% upside potential) Target Period: 12 Months Garden Reach Shipbuilders & Engineers Ltd (GRSE) is a ship building company […]
Read more..CSB BANK LTD, a century old private sector bank in India having a strong base in Southern India Call & Research Report by HDFC Securities Sector: Bank – Private CMP Rs. 245.1, Target Rs. 295 (20% upside potential) Target Period: 12 Months CSB Bank is a century old private sector bank in India having a […]
Read more..FEDERAL BANK, Journey to the top tier Call & Research Report by HDFC Securities Sector: Bank – Private CMP Rs. 134, Target Rs. 175 (31% upside potential) Target Period: 12 Months Federal Bank (FB) hosted an analyst day to showcase its growing capabilities and a larger roadmap in its medium-term journey to emerge as a […]
Read more..SIRCA PAINTS INDIA LTD, wood coatings company, engaged in the manufacturing, sales and exports Call & Research Report by HDFC Securities Sector: Paints CMP Rs. 613, Target Rs. 737 (20% upside potential) Target Period: 12 Months Founded and promoted by Mr. Sanjay Agarwal and Mr. Gurjeet Singh Bains in 2006, Sirca Paints India Limited (Sirca) […]
Read more..SYRMA SGS TECHNOLOGY LTD, technology-focused engineering and design EMS Call & Research Report by HDFC Securities Sector: Miscellaneous CMP Rs. 270, Target Rs. 319 (18% upside potential) Target Period: 12 Months Syrma SGS Technology Ltd is technology-focused engineering and design EMS (Electronics Manufacturing Services) company specialising in precision manufacturing of PCBAs (printed circuit board assembly). […]
Read more..ION EXCHANGE (INDIA) LTD, specializes in water and environment management Call & Research Report by HDFC Securities Sector: Engineering – Industrial Equipments CMP Rs. 3429, Target Rs. 4020 (17% upside potential) Target Period: 12 Months Ion Exchange (IEIL) specializes in water and environment management with over five decades of experience. There is huge potential in […]
Read more..TECH MAHINDRA, Catching up Call & Research Report by HDFC Securities Sector: IT Services & Consulting CMP Rs. 1085, Target Rs. 1140 (5% upside potential) Target Period: 12 Months We attended Tech Mahindra’s (TECHM) investor day, where the company reiterated its strategy with some added elements. There’s an apparent continuity in organic growth focus (vs. […]
Read more..SUDARSHAN CHEMICAL, All hopes on demand revival Call & Research Report by HDFC Securities Sector: Dyes & Pigments CMP Rs. 384, Target Rs. 435 (13% upside potential) Target Period: 12 Months We maintain ADD on Sudarshan Chemical (SCIL), with a price target of INR 435. The stock is trading at 28x FY24E EPS (RoE of […]
Read more..CITY UNION BANK, Divergence absorbed; but structural challenges remain Call & Research Report by HDFC Securities Sector: Bank – Private CMP Rs. 160, Target Rs. 230 (44% upside potential) Target Period: 12 Months Despite stable loan growth and higher recoveries from written-off accounts, City Union Bank’s (CUBK) Q3FY23 earnings missed estimates due to massive interest […]
Read more..MAHINDRA and MAHINDRA, Looking to up the ante Call & Research Report by HDFC Securities Sector: Automobile – Auto & Truck Manufacturers CMP Rs. 1365, Target Rs. 1554 (14% upside potential) Target Period: 12 Months M&M Q3 adjusted PAT at INR 20bn came in above our estimate of INR 18.7bn, primarily due to higher than-expected […]
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