Shanthi Gears Ltd Stock Research Report by HDFC Securities Sector: Auto Ancillaries – Gears CMP Rs. 419, Target Rs. 488 (16% upside potential) Target Period: 12 Months Shanthi Gears Ltd Stock Research Report: Shanthi Gears Ltd. (SGL) is an Industrial Gearing Solutions company supplying gears and gearboxes to different industries. It has in-house R&D and […]
Read more..Avantel Ltd Stock Research Report by HDFC Securities Sector: Telecommunication – Equipment CMP Rs. 496.60, Target Rs. 591 (19% upside potential) Target Period: 12 Months Avantel Ltd Stock Research Report: Avantel Limited. (Avantel) is technology driven company in India; the company is engaged in the design, development and manufacturing of electronic, communication, satellite communication products/services, […]
Read more..IDFC First Bank Stock Research Report by HDFC Securities Sector: Bank – Private CMP Rs. 66.8, Target Rs. 79.5 (19% upside potential) Target Period: 12 Months IDFC First Bank Stock Research Report: The retailisation strategy has worked out well for IDFC First Bank (IDFCFB) and it has helped put in place a strong base to […]
Read more..Electrosteel Castings Ltd Stock Research Report by HDFC Securities Sector: Metals – Castings/Forgings CMP Rs. 47.15, Target Rs. 57 (21% upside potential) Target Period: 12 Months Electrosteel Castings Ltd Stock Research Report: Electrosteel Castings Ltd. (ECL) was incorporated in 1955 and is a pioneer in the manufacturing of Ductile Iron Pipes (DI Pipes) in India. […]
Read more..Spandana Sphoorty Financial Stock Research Report by HDFC Securities Sector: Finance – NBFC CMP Rs. 656, Target Rs. 795 (21% upside potential) Target Period: 12 Months Spandana Sphoorty Financial Stock Research Report: Spandana Sphoorty Financial Ltd. (SSFL), has weathered well the storm of Covid and management related challenges which had led to disruptions in its […]
Read more..Marico Stock Research Report by ICICI Securities Sector: Household & Personal Products CMP Rs. 494, Target Rs. 560 (13% upside potential) Target Period: 12 Months Marico Stock Research Report: Good. Ingredients to be great exist Positives in the 4QFY23 results are (1) continued volume growth in Parachute led by market share gains, (2) strong recovery […]
Read more..Britannia Industries Stock Research Report by ICICI Securities Sector: Consumer Food CMP Rs. 4626, Target Rs. 5300 (15% upside potential) Target Period: 12 Months Britannia Industries Stock Research Report: Trending well with eye on diversification opportunity. Retain preferred pick status Britannia’s revenue growth of 13% YoY was above our estimates. Gross margin and EBITDA margin […]
Read more..Tatva Chintan Pharma Chem Stock Research Report by ICICI Securities Sector: Speciality Chemicals CMP Rs. 1829, Target Rs. 2110 (15% upside potential) Target Period: 12 Months Tatva Chintan Pharma Chem Stock Research Report: Near-term weakness weighs on FY25 guidance Tatva Chintan’s Q4FY23 revenue rose 26.4% YoY to Rs1.2bn as SDA revenue recovered to Rs0.5bn, up […]
Read more..Go Fashion India Stock Research Report by ICICI Securities Sector: Retailing CMP Rs. 1123, Target Rs. 1450 (29% upside potential) Target Period: 12 Months Go Fashion India Stock Research Report: EBOs scaling up well. LFS faces one-off challenges In EBO channel (~74% revenue saliency) we liked the strong value (at 38%), volume (at 25%) and […]
Read more..GUJARAT FLUOROCHEMICALS Stock Research Report by ICICI Securities Sector: Speciality Chemicals CMP Rs. 3393, Target Rs. 3950 (16% upside potential) Target Period: 12 Months GUJARAT FLUOROCHEMICALS Stock Research Report: New-age industries to drive growth Gujarat Fluorochemicals’ (GFL) Q4FY23 EBITDA at Rs5.3bn, up 60% YoY, was broadly in line with our estimates and was impacted by […]
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