March 4, 2023
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HINDUSTAN PETROLEUM CORPORATION (HPCL), Capex to boost refining segment, going ahead… Call & Research Report by ICICI Securities Sector: Refineries CMP Rs. 232, Target Rs. 275 (19% upside potential) Target Period: 12 Months Hindustan Petroleum Corporation (HPCL) is one of India’s largest public sector refining & marketing companies. ● The company operates more than 19000 […]
Read more..COCHIN SHIPYARD, Execution likely to pick up… Call & Research Report by ICICI Securities Sector: Ship Building CMP Rs. 471, Target Rs. 620 (32% upside potential) Target Period: 12 Months Cochin Shipyard (CSL) was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982. CSL is […]
Read more..THERMAX, Margins to stabilise… Call & Research Report by ICICI Securities Sector: Engineering – Industrial Equipments CMP Rs. 2143, Target Rs. 2375 (11% upside potential) Target Period: 12 Months Thermax Ltd (Thermax) offers integrated solutions in the areas of energy and environment – heating, cooling, power, water & waste management, air pollution control and chemicals. […]
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WESTLIFE FOODWORLD, 10% upside
WESTLIFE FOODWORLD, Supply chain bolsters growth prospects Call & Research Report by Motilal Oswal Sector: Consumer CMP Rs. 675, Target Rs. 745 (10% upside potential) Target Period: 12 Months The Westlife Foodworld (WLDL) management organized a visit to the facilities of two of its key supply chain partners – Vista Foods and Radhakrishna Foodland. Both […]
Read more..TATA MOTORS, JLR – Turning the corner Call & Research Report by Motilal Oswal Sector: Automobiles CMP Rs. 440, Target Rs. 540 (23% upside potential) Target Period: 12 Months Favorable mix, Fx & op. leverage augurs well for margin recovery Improving chip supplies globally, along with a very strong order book, should bode well for […]
Read more..MAHINDRA CIE, Healthy quarter with promising growth outlook… Call & Research Report by ICICI Securities Sector: Auto Ancillaries – Castings/Forgings CMP Rs. 415, Target Rs. 500 (21% upside potential) Target Period: 12 Months Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier. ● CY22 consolidated revenue mix […]
Read more..SONATA SOFTWARE, Aiming to reach, half a billion-dollar IT services revenues by FY26/27, acquires Quant systems Call & Research Report by ICICI Securities Sector: IT Services & Consulting CMP Rs. 706, Target Rs. 835 (18% upside potential) Target Period: 12 Months Sonata Software (Sonata) offers IT services (30%) and product licensing & deployment (70%). ● […]
Read more..CYIENT, Challenges ebbing steadily – re-rating on the cards Call & Research Report by Motilal Oswal Sector: IT Services & Consulting CMP Rs. 966, Target Rs. 1170 (21% upside potential) Target Period: 12 Months ● Cyient (CYL)’s operating performance has inherently been subdued over the past several years as a few of its growth engines […]
Read more..DEEPAK NITRITE, Headwinds to persist as new capacities are added Call & Research Report by Motilal Oswal Sector: Commodity Chemicals CMP Rs. 1789, Target Rs. 1890 (7% upside potential) Target Period: 12 Months ● The phenol/acetone spread over raw materials has declined 16% YoY to INR90/kg during 2HFY23 till date (v/s INR107/kg in 2HFY22) on […]
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