ZF Commercial Vehicle Control Systems, Improved Profitability Stock Call & Research Report by ICICI Securities Sector: Auto Ancillary CMP Rs. 10034 Target Rs. 12160 (20 % upside) Target Period: 12 Months ZF Commercial Vehicle Control Systems India (ZFCV) (erstwhile Wabco India), now part of the ZF Group, is the market leader in the CV braking […]
Read more..MCX, Strong positionStock Call & Research Report by ICICI SecuritiesSector: ExchangesCMP Rs. 1247 Target Rs. 1700 (36 % upside)Target Period: 12 Months Volume rise in options has been our consistent investment thesis on MultiCommodity Exchange of India (MCX). Options ADTV has crossed Rs400bn as of thefirst 16 days of Sep’22 (Sep’22-TD) from Rs78bn in Sep’21. […]
Read more..Multibagger Scrip Sheela Foam Research Report by ICICI Securities Sector Consumer Durables CMP Rs.2857 Target Rs.3650 Expected Return 27% Expected Period 12 Months Sheela Foam (SFL) is the market leader in the domestic mattresses industry with a value market share of ~25% in the organized segment. The company’s “Sleepwell” is one of the leading brands […]
Read more..Gabriel India, remain long term positive Stock Call & Research Report by ICICI Securities Sector: Auto Ancillary CMP Rs. 152 Target Rs. 205 (35 % upside) Target Period: 12 Months Gabriel India (GIL) is a global top-10 shock absorber manufacturer serving 2-W, 3-W, PV, CV, railway and aftermarket segments. FY22 revenue mix – ~65% […]
Read more..Siemens, remain long term positive Stock Call & Research Report by ICICI Securities Sector: MNC Engineering CMP Rs. 2762 Target Rs. 3660 (32 % upside) Target Period: 12 Months We attended the Siemens India Innovation Day 2022 on September 13, 2022 held in Mumbai. The basis of this event was to initiate communication around technological […]
Read more..Apollo Tyres, focus on capital efficiency Stock Call & Research Report by ICICI Direct Securities Sector: Tyres CMP Rs. 289 Target Rs. 335 (20 % upside) Target Period: 12 Months Apollo Tyres (ATL) is a leading Tyre manufacturer, with operations in India & Europe with an installed capacity of ~7.9 lakh MTPA. In India, ATL […]
Read more..Piramal Enterprises, Retail traction better Stock Call & Research Report by ICICI Direct Securities Sector: Finance CMP Rs. 956 Target Rs. 1391 (45 % upside) Target Period: 12 Months Piramal Enterprises (PEL) has fixed September 1, ‘22 as demerger of Piramal Pharma record date. Accordingly, price discovery for financial services business happened during the market […]
Read more..Hindustan Aeronautics, Healthy order book Stock Call & Research Report by ICICI Direct Securities Sector: Defense CMP Rs. 2462 Target Rs. 2860 (16 % upside) Target Period: 12 Months Hindustan Aeronautics (HAL), the largest defense PSU in India, is engaged in design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, […]
Read more..Tata Motors Analysis: JLR turnaround to boost valuation Stock Call & Research Report by ICICI Direct Securities Sector: Automobiles CMP Rs. 448 Target Rs. 646 (44 % upside) Target Period: 12 Months As per guidance provided post H1CY22 results by peers of JLR, volumes in global luxury car space is set to remain flattish in […]
Read more..Pricol Analysis: New strong tie-upsStock Call & Research Report by ICICI Direct ResearchSector: Auto AncillaryCMP Rs. 170 Target Rs. 200 (18 % upside)Target Period: 12 Months Pricol Ltd (Pricol), established in 1974, is a Coimbatore based supplier of diversified auto components like instrument clusters, sensors & switches, pumps and mechanical products, telematics solutions and wiping […]
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