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..Cams, rising market share in RTA industry Stock Call & Research Report by Motilal Oswal Sector: Financial Services CMP Rs. 2540 Target Rs. 3000 (18 % upside) Target Period: 12 Months CAMS, with a 70% market share (v/s 64% in FY15), is the leader in India’s MF registrar and transfer agent (RTA) industry. The […]
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..Praj Industries Analysis: A perfect blend of BioenergyStock Call & Research Report by Prabhudhar LiladharSector: EngineeringCMP Rs. 416 Target Rs. 507 (20 % upside)Target Period: 12 Months We initiate coverage on Praj Industries (PRAJ) with ‘BUY’ rating at target price of Rs.507 valuing it at PE of 30x FY24E. PRAJ is well poised for growth […]
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 […]
Read more..ISGEC Heavy Engineering Analysis: Improved performance Stock Call & Research Report by ICICI Direct Research Sector: Engineering CMP Rs. 533 Target Rs. 600 (15 % upside) Target Period: 12 Months ISGEC Heavy Engineering’s (ISGEC) standalone revenue grew 22.4% YoY to Rs9.9bn in Q1FY23 led by 75% / 9.2% YoY growth in manufacturing / EPC business. […]
Read more..Sapphire Foods Analysis: Good Execution Stock Call & Research Report by ICICI Direct Research Sector: Restaurant CMP Rs. 1473 Target Rs. 1700 (15 % upside) Target Period: 12 Months 1QFY23 print was in line with our expectation, both on top line and margins. Growth focus protected operating margin prints despite the gross margin pressure (inflation […]
Read more..