Shriram Properties Ltd
Sector: Real Estate
Shriram Properties Ltd (SPL) is one of the leading residential real estate
development companies in South India, primarily focused on the mid-market and
affordable housing categories. The company initiated its journey in Bengaluru in
the year 2000. We initiate coverage on Shriram Properties with a “BUY” rating and a target price of
Rs 124.
18-Sep-2023
52 Week H/L (₹)
98.39-53.25
IRB Infrastructure Developers Ltd
Sector: Infrastructure
We initiate coverage on IRB with a “BUY” rating and a target price of Rs 36.43.
Further upside potential from claims worth Rs 3,600 from NHAI which are under
litigation as well as Hyderabad and Samakhiyali projects which are pending final
closure, have not been considered in our valuation. They are cumulatively expected
to be valued at Rs 5.58 over and above our target price.
27-Jul-2023
Recommended Price (₹)
25.40
Buy
Jammu and Kashmir Bank Ltd
Sector: Bank
At the CMP Rs. 69, the stock is trading at a PBV multiple of 0.72x based on its FY23 book value. We believe the stock deserves a higher PBV multiple of at least 0.80x for its FY25E book value against its 10-year historical average of 0.65x. With this we arrive at our target price of Rs.101, thereby providing a potential upside of 46%.
11-Jul-2023
52 Week H/L (₹)
71.2-26.25
Prestige Estates Projects Ltd
Sector: Real Estate
We initiate coverage of Prestige with a “BUY” rating and target price of Rs 699; based on SOTP valuation.
28-Jun-2023
Recommended Price (₹)
585
Buy
52 Week H/L (₹)
602.25-375
Piramal Enterprises Ltd
Sector: NBFC
We recommend buying
PEL with a target price of Rs.1,026, based on a P/BV of 0.75x its FY24 book value
of Rs.1,368, as the companys strategic initiatives are expected to enhance its
business and valuation.
16-Jun-2023
Recommended Price (₹)
773
Buy
52 Week H/L (₹)
1141.75-630.2
Multi Commodity Exchange of India Ltd
Sector: Exchange & Data Platform
We recommend BUY rating on Multi Commodity Exchange Of India Ltd, valuing FY24E core EPS at 40x to arrive at a target price of INR 1,767, implying an upside potential 35%.
24-Aug-2022
Recommended Price (₹)
1308
Buy
52 Week H/L (₹)
2134.9-1142.4
Sterlite Technologies Ltd
Sector: Connectivity & Networking
We value it at 17.1x of FY24E EPS of Rs 17.6 per share to arrive at a Target Price of Rs 300 per share giving 40% discount to Median Industry P/E of 28.5x.
30-Mar-2022
Recommended Price (₹)
226
Buy
Rail Vikas Nigam Ltd
Sector: Infrastructure
We value it at 5.3x of FY24E EPS of Rs 8.35 to value it at Rs 44 per share using dividend distribution approach for terminal dividend yield of 13.6% at current prices.
23-Dec-2021
52 Week H/L (₹)
44.75-20.65
Triveni Engineering and Industries Ltd
Sector: Sugar
We recommend Triveni Engineering with a BUY rating and Target Price of Rs 254 per share at 7.2x EV/EBITDA for FY23E owing to its rapid increase in EBITDA margins in FY23E, flourishing Water and Power Transmission business, and 21.85% stake in Triveni Turbines Ltd.
21-Oct-2021
Recommended Price (₹)
203
Buy
52 Week H/L (₹)
220-62.45
Orient Cement Ltd
Sector: Cement
We recommend Orient Cement with a BUY rating with a Target Price of Rs 190 per share at 5.7x EV/EBITDA for FY23E.
01-Oct-2021
Recommended Price (₹)
157
Buy
52 Week H/L (₹)
173.4-56.5
IDFC Ltd
Sector: Holding Company
We recommend a BUY rating on IDFC Limited with a patience to hold the stock for a Target Price of Rs 80 per share.
20-Sep-2021
Recommended Price (₹)
54.5
Potential Returns (%)
46.7
Buy
52 Week H/L (₹)
62.6-28.2
IDFC First Bank Ltd
Sector: Banking
We recommend IDFC FIRST Bank with a BUY rating and Target Price of Rs 73 per share for FY23E Adj BV of Rs 38 per share at 1.9x P/Adj. BV.
30-Aug-2021
Recommended Price (₹)
42.5
Buy
52 Week H/L (₹)
69.3-26.85
Poonawalla Fincorp Ltd
Sector: NBFC
We apply a P/BV of 2.1x on FY23E BVPS, to arrive at a target price of Rs 190 per share with an upside of 22% to CMP. Hence, we recommend a ‘BUY’ on the shares of MFL.
06-Jul-2021
Recommended Price (₹)
157
Buy
52 Week H/L (₹)
199.65-31.8
Indian Railway Finance Corporation Ltd
Sector: NBFC
We apply a P/BV of 0.86x on FY23E BV, to arrive at a Target Price of Rs. 28 per share with an upside of 21.5% to CMP. Hence, we recommend a ‘BUY’ on the shares of IRFC Ltd.
18-May-2021
Potential Returns (%)
21.5
Buy
52 Week H/L (₹)
26.6-20.75
Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Sector: Chemicals & Fertilisers
We recommend a BUY on GNFC with a TP of Rs 380 based on 8x FY23E EPS. Our TP represents a 21% upside to the company’s stock from its CMP of Rs 313.
06-Apr-2021
Recommended Price (₹)
313
Buy
52 Week H/L (₹)
425-183.25
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