UPL Stock Research Report by ICICI Securities Sector: Pesticides & Agrochemicals CMP Rs. 715, Target Rs. 800 (12% upside potential) Target Period: 12 Months UPL Stock Research Report: Increase in supplies from China led to inventory losses; model impact to continue in H1FY24 Post lifting covid led restrictions, there is strong revival in supplies of […]
Read more..360 ONE WAM Stock Research Report by ICICI Securities Sector: Finance – Others CMP Rs. 426, Target Rs. 519 (22% upside potential) Target Period: 12 Months 360 ONE WAM Stock Research Report: Harnessing growth levers profitably in new geographies and target segments will be key 360 One WAM Ltd (IIFLW) has guided for a profit […]
Read more..APTUS VALUE HOUSING FINANCE Stock Research Report by ICICI Securities Sector: Finance – Housing CMP Rs. 258, Target Rs. 325 (26% upside potential) Target Period: 12 Months APTUS VALUE HOUSING FINANCE Stock Research Report: Credit cost trajectory continued to decline; AUM growth remained strong at 30% YoY In Q4FY23, Aptus Value Housing Finance (Aptus) announced […]
Read more..ABB INDIA Stock Research Report by ICICI Securities Sector: Electric Equipment CMP Rs. 3719, Target Rs. 4152 (12% upside potential) Target Period: 12 Months ABB INDIA Stock Research Report: All is well A solid quarter. Q1CY23 result ticked all the right boxes. ABB reported a strong order inflow – grew 36% YoY. Order inflow has […]
Read more..ONE97 COMMUNICATIONS (PAYTM) Stock Research Report by ICICI Securities Sector: Online Services CMP Rs. 690, Target Rs. 1055 (53% upside potential) Target Period: 12 Months ONE97 COMMUNICATIONS (PAYTM) Stock Research Report: Robust growth and operating leverage likely to bring profits earlier than expected One97 Communications (Paytm) has reported a strong FY23, best underlined by an […]
Read more..BLUE STAR Stock Research Report by ICICI Securities Sector: Air Conditioners CMP Rs. 1437, Target Rs. 1480 (3% upside potential) Target Period: 12 Months BLUE STAR Stock Research Report: Market share gains (likely) with improving profitability Blue Star has reported strong performance compared to peers. While it has maintained strong revenue growth and likely gained […]
Read more..COAL INDIA Stock Research Report by ICICI Securities Sector: Coal CMP Rs. 236, Target Rs. 255 (8% upside potential) Target Period: 12 Months COAL INDIA Stock Research Report: Wage provisioning overhang has been done with Coal India’s (CIL) Q4FY23 performance (adj. for wage provisioning) was slightly higher than consensus estimates. Key points: 1) Wage provisioning […]
Read more..EQUITAS SMALL FINANCE BANK Stock Research Report by ICICI Securities Sector: Bank – Private CMP Rs. 73, Target Rs. 100 (37% upside potential) Target Period: 12 Months EQUITAS SMALL FINANCE BANK Stock Research Report: Asset quality improved sharply; RoA sustained at >2% despite higher credit cost Q4FY23 was the second consecutive quarter in which Equitas […]
Read more..FEDERAL BANK Stock Research Report by ICICI Securities Sector: Bank – Private CMP Rs. 128, Target Rs. 180 (41% upside potential) Target Period: 12 Months FEDERAL BANK Stock Research Report: RoA sustained at >1.3%; strong credit growth momentum to continue in FY24E Multi-quarter high RoA / RoE at 1.45% / 17.5% despite 18bps QoQ decline […]
Read more..SANSERA ENGINEERING Stock Research Report by ICICI Securities Sector: Auto Ancillaries – Others CMP Rs. 739, Target Rs. 939 (27% upside potential) Target Period: 12 Months SANSERA ENGINEERING Stock Research Report: Catalysts in place for earnings growth acceleration Sansera Engineering’s (SEL) earnings remained hovered around Rs400mn / quarter throughout FY22 FY23 due to weak demand […]
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