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  • Eicher Motors Ltd

    Invest Now

    Our View

    Buy

    Target Price

    2,940.00

    Reco Price

    2,635.00

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    Eicher Motors is the flagship company of the Eicher Group in India and a leading player in the Indian automobile industry. Eicher manufactures the well-known Royal Enfield (RE) motorcycles in India. The company entered into a 50:50 JV with the Volvo Group to form VE...More

  • HCL Technologies Ltd

    Invest Now

    Our View

    Buy

    Target Price

    1,140.00

    Reco Price

    962.00

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    HCL Tech is one of the biggest IT companies in India. It has been the most proactive to experiment with pricing strategies, having entered into revenue-sharing agreements with clients. Further, the company has developed expertise in infrastructure services. Its ERP offerings and consulting abilities have...More

  • Cummins India Ltd

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    Our View

    Buy

    Target Price

    914.00

    Reco Price

    772.00

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    Cummins India (KKC) is a 51%-owned subsidiary of Cummins Inc, USA and is the leading manufacturer of diesel engines used in generators in India. Cummins has eight manufacturing facilities in Maharashtra and Gujarat. The company produces ~40,000 engines annually for the industrial sector and...More

  • State Bank of India

    Invest Now

    Our View

    Buy

    Target Price

    429.00

    Reco Price

    352.00

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    SBI is the country's largest commercial bank, in terms of assets, deposits, branches and employees. On the credit front, the bank has loans of Rs23.7tn, as of FY20, implying a market share of ~23%. It has a stronghold in most segments, including SME, corporate, government,...More

  • Hindustan Petroleum Corporation Ltd

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    Our View

    Buy

    Target Price

    274.00

    Reco Price

    229.00

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    Hindustan Petroleum Corporation Ltd (HPCL) is the third largest public sector refining and marketing company in India and sells over 38mtpa of petroleum products. HPCL refines less than half the volume that it sells, and hence, has the highest leverage to marketing margins. It operates...More

  • Alembic Pharmaceuticals Ltd

    Invest Now

    Our View

    Buy

    Target Price

    1,252.00

    Reco Price

    1,075.00

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    Alembic Pharmaceuticals is a vertically-integrated, diversified pharmaceutical company with a significant presence in India, the US and other regulated/emerging markets. It ranks among the top 20 in the Indian formulations market. In the US market, Alembic was a relatively late entrant compared with peers; however,...More

  • RBL Bank Ltd

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    Our View

    Buy

    Target Price

    273.00

    Reco Price

    233.00

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    RBL Bank (erstwhile The Ratnakar Bank Limited) is one of India’s fastest growing private sector banks with an expanding presence across the country. RBL offers wholesale and retail banking services. In wholesale banking, it caters to large and mid-size corporates and offers working capital, transaction...More

  • Bharat Electronics Ltd

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    Our View

    Buy

    Target Price

    139.00

    Reco Price

    112.00

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    Bharat Electronics (BEL), 51% owned by the Government of India, is primarily a supplier of electronic equipment to Indian defence services. It supplies electronic products such as radars, sonar, communication equipment, electronic warfare equipment and navigation equipment to the Indian defence forces and the civilian...More

  • Security & Intelligence Services India Ltd

    Invest Now

    Our View

    Buy

    Target Price

    423.00

    Reco Price

    363.00

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    Security and Intelligence Services (SIS) is one of the leading providers of private security and facility management services in India. It offers security services in India and Internationally, cash logistics services, and facility management services including pest control, cleaning and repairing, maintenance, etc. ...More

  • Amara Raja Batteries Ltd

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    Our View

    Buy

    Target Price

    898.00

    Reco Price

    770.00

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    Amara Raja Batteries is the second-largest manufacturer in India, of lead-acid batteries for industrial and automotive applications. The company owns the brands “Amaron” and “PowerZone”. Its erstwhile association with Johnson Controls enhanced Amara Raja’s technological capabilities and enabled it to steadily increase market share. ...More

  • Cyient Ltd

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    Our View

    Buy

    Target Price

    440.00

    Reco Price

    370.00

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    Cyient provides engineering, manufacturing, geospatial, network and operations management services to a diversified base of 300 clients across eleven industries, which include aerospace & defence (A&D), communications, rail transportation, heavy equipment & industrial, navigation and semiconductors. ...More

  • Manappuram Finance Ltd

    Invest Now

    Our View

    Buy

    Target Price

    186.00

    Reco Price

    156.00

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    Manappuram Finance is one of India’s leading gold-loan NBFCs, with 4,622 branches. As of FY20, MGFL’s consolidated AUM stood at Rs252bn, registering ~23% CAGR over FY17-20. Apart from gold loans (67% of AUM), it offers vehicle loans (5% of AUM) and SME & other financing...More

  • Apollo Tyres Ltd

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    Our View

    Buy

    Target Price

    138.00

    Reco Price

    112.00

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    Apollo Tyres is the largest CV tyre manufacturer in India, with ~25% market share in the Truck and Bus segment. In the Passenger car radial (PCR) segment, Apollo has ~15% market share....More

  • Sudarshan Chemical Industries Ltd

    Invest Now

    Our View

    Buy

    Target Price

    557.00

    Reco Price

    474.00

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    Sudarshan Chemical Industries (SCIL) has grown to become India’s largest manufacturer of colour pigments. Its estimated market share in India stands at ~35%. The company’s product portfolio comprises organic, inorganic and effect pigments serving four main end-uses: coatings, plastics, inks and cosmetics....More

  • Emami Ltd

    Invest Now

    Our View

    Buy

    Target Price

    241.00

    Reco Price

    205.00

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    Emami Limited is one of the leading Indian consumer goods companies. The recent price correction in the stock price due to COVID-19 related impact offers an opportunity to invest in India’s leading FMCG the company at attractive valuations. Hence, given the focus on the implementation...More

  • ACC Ltd

    Invest Now

    Our View

    Buy

    Target Price

    1,345.00

    Reco Price

    1,180.00

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    ACC a pan-India cement company with sizable production capacity (33mtpa) is one of the best placed companies in the sector to end up largely unscathed owing to its net cash balance sheet. We expect that CY20E will witness sharp volume declines owing to combination of...More

  • Quess Corp Ltd

    Invest Now

    Our View

    Buy

    Target Price

    319.00

    Reco Price

    202.00

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    Quess Corp, one of India’s leading integrated providers of business services, is available at steep discount (~70%) to TeamLease and SIS post the recent correction. ...More

  • Karur Vysya Bank Ltd

    Invest Now

    Our View

    Buy

    Target Price

    72.00

    Reco Price

    62.00

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    Karur Vysya Bank Ltd has formed a bullish Rounding bottom chart pattern on the daily chart. If the current impulse up-move unfolds the way it should, then we expect Karur Vysya Bank to surge higher towards its potential target of Rs72 in 6-months. ...More

  • Cholamandalam Investment & Finance Company Ltd

    Invest Now

    Our View

    Buy

    Target Price

    369.00

    Reco Price

    315.00

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    PDF

    Cholamandalam Investment and Finance Company Ltd has given a bullish Cup & Handle breakout on the daily chart and is showing strong momentum by entering into positive territory on MACD Histogram. If the current impulse up-move unfolds the way it should, then we expect Cholamandalam...More

 
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