Powergrid, large projects on hand Call & Research Report by HDFC Securities Sector: Power Transmission CMP Rs. 213, Target Rs. 256 (20 % upside potential) Target Period: 12 Months PGCIL’s consolidated asset capitalisation/Capex in Q3FY23 declined 60.7%/36.7% YoY to INR20.6n/INR22.1bn, due to low execution and high YoY base. In 9MFY23, capitalisation/Capex came in at INR51.9bn/INR54.3bn […]
Read more..DCB Bank Analysis: Earnings in-line but asset quality better Stock Call & Research Report by PrabhudharLiladhar Sector : Bank CMP Rs. 114, Target Rs. 150 ( 48 % upside) Target Period : 12 Months We do not materially change estimates, but with asset quality risks receding, provisions for FY24/25E could be lower (PLe at ~68bps) […]
Read more..Goodyear India, upside Stock Call & Research Report by HDFC Securities Sector: Auto Ancillaries CMP Rs. 1097 Target Rs. 1303 (18 % upside) Target Period: 12 Months Goodyear India Ltd. (GIL) commands leadership position in tractor tyres industry in India and supplies to almost all leading tractor manufacturers. With monsoons being normal this year, government’s […]
Read more..Satin Creditcare Network Ltd., 28% upside Stock Call & Research Report by HDFC Securities Sector: BFSI – MFI CMP Rs. 146 Target Rs. 188 (28 % upside) Target Period: 12 Months SCNL is one of the largest players in the MFI industry with a wide geographical reach. The company’s entry into MSME and housing finance […]
Read more..Fortis Healthcare, improved specialty mix Stock Call & Research Report by HDFC Securities Sector: Healthcare CMP Rs. 272 Target Rs. 373 (36 % upside) Target Period: 12 Months Fortis Healthcare Limited (FHL) – an IHH Healthcare Berhad Company – is a leading integrated healthcare services provider in India. It is one of the largest healthcare […]
Read more..Patanjali Foods, Strong Growth Stock Call & Research Report by HDFC Securities Sector: FMCG CMP Rs. 1354 Target Rs. 1602 (18 % upside) Target Period: 12 Months In less than three years since the Patanjali Group acquired Ruchi Soya Industries Ltd. under insolvency process, it has led an encouraging turnaround. Besides, it has put in […]
Read more..Ramkrishna Forgings, an established position Stock Call & Research Report by HDFC Securities Sector: Auto Ancillary CMP Rs. 191 Target Rs. 247 (29 % upside) Target Period: 12 Months Ramkrishna Forgings Ltd. (RKFL) is the second largest forging company in India with an established position in the automotive forgings industry, especially in the medium & […]
Read more..Kansai Nerolac Paints Analysis: largest industrial paint Co.Stock Call & Research Report by HDFC SecuritiesSector: PaintCMP Rs. 504 Target Rs. 613 (21 % upside)Target Period: 12 Months Kansai Nerolac Paints Ltd (KNPL) is a 74.99% subsidiary of Kansai Paints Co. Ltd., Japan. The parent is one of the world’s top ten paint companies with manufacturing […]
Read more..Somany Ceramics Analysis : healthy volume growth Stock Call & Research Report by HDFC Securities Sector : Building Products CMP Rs. 644 Target Rs. 840 ( 30 % upside) Target Period : 12 Months We maintain BUY on Somany Ceramics with an unchanged target price of INR 840/share (13x Mar-24E consolidated EBITDA). We continue to […]
Read more..CESC Analysis : Strong growth in generation Stock Call & Research Report by HDFC Securities Sector : Power Generation CMP Rs. 80 Target Rs. 113 ( 40 % upside) Target Period : 12 Months CESC’s consolidated PAT in Q1FY23 increased by 6.1% YoY to INR3.0bn, led by higher earnings at Dhariwal (from a new PPA […]
Read more..