Equity Research Reports

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Selected Nature: Company Name:All | Our View:All | Sector:All
  • Tata Investment Corporation Ltd

    Invest Now

    Our View

    Buy

    Target Price

    930.00

    Reco Price

    785.00

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    Tata Investment Corporation Limited is trading in a strong long term higher top higher bottom chart structure, indicating a positive bias according to the Dow Theory. Tracking the long term chart, the stock has given a bullish Ascending Triangle chart pattern breakout on the weekly...More

  • Maruti Suzuki India Ltd

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    Our View

    Buy

    Target Price

    11,095.00

    Reco Price

    9,347.00

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    After enjoying an unabated run since March 2016 for almost 7 quarters till December 2017, Maruti had entered into phase of time as well as price correction. We have observed almost 17% price erosion over the past five months, however the stock never broke below...More

  • Bajaj Holdings & Investment Ltd

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    Our View

    Buy

    Target Price

    3,474.00

    Reco Price

    2,940.00

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    Bajaj Holdings Limited is trading in a strong long term higher top higher bottom chart structure, indicating a positive bias according to the Dow Theory. Tracking the long term chart, the stock has given a bullish Flag pattern breakout on the monthly chart with rising...More

  • Zee Entertainment Enterprises Ltd

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    Our View

    Buy

    Target Price

    691.00

    Reco Price

    539.00

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    Zee Entertainment Enterprises Ltd (ZEEL), one of the largest broadcasting houses in India is set to benefit from its newly launched digital platform ZEE5 and its collaboration with telcos. Further, it is also considering to enter into new Malayalam market in FY19E. Hence, we forecast...More

  • Cyient Ltd

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    Our View

    Buy

    Target Price

    894.00

    Reco Price

    746.00

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    Cyient, a mid-sized IT company, would post robust growth as it transforms to a full scale solutions company. Cyient’s S3 strategy would expand its offering and enable it to garner higher wallet share of client’s spends. Traction in transportation and communications verticals along with strategic...More

  • Shriram Transport Finance Company Ltd

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    Our View

    Buy

    Target Price

    1,851.00

    Reco Price

    1,466.00

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    Shriram Transport Finance (SHTF) is one of the key beneficiaries of cyclical rebound in rural economy and commercial vehicle upcycle. AUM growth, sharp recovery in earnings, better EPS trajectory and RoE improvement provides a case for further re-rating in the stock. We believe the company’s...More

  • Torrent Pharmaceuticals Ltd

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    Our View

    Buy

    Target Price

    1,648.00

    Reco Price

    1,401.00

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    Torrent Pharma acquired Unichem Laboratories in November 2017, which de-risks it's overall business. Unichem is likely to contribute 12.5%/10% of total revenue/EBITDA in FY20E. We expect Torrent's FY20E revenue/EBITDA to grow 13%/48% yoy organically due to strong domestic business, ANDA monetization in US, outperformance in...More

  • Indian Energy Exchange Ltd

    Invest Now

    Our View

    Buy

    Target Price

    1,956.00

    Reco Price

    1,635.00

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    Indian Energy Exchange (IEX) is the dominant power exchange (~97% market share in FY18). We expect IEX to see a 14.9% CAGR in trading volumes due to revival in power demand as well as growing market share in power trading. Revival in power demand would...More

  • India Nippon Electricals Ltd

    Invest Now

    Our View

    Buy

    Target Price

    700.00

    Reco Price

    553.00

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    India Nippon Electricals (INEL) is among the leading manufacturers of electronic ignition systems for 2W, 3Ws and portable generator sets. We expect INEL’s EBITDA margin to expand 93bps over FY18-20E owing to addition of higher margin products to its portfolio. Strong underlying demand for 2/3Ws...More

  • Sterlite Technologies Ltd

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    Our View

    Buy

    Target Price

    398.00

    Reco Price

    328.00

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    Sterlite Technologies Limited has given a sharp recovery from its recent low by forming a bullish hammer candlestick pattern on the weekly chart. Currently, the stock is trading near its rising trend-line support drawn from October 2017 and is on the verge of giving a...More

  • Prataap Snacks Ltd

    Invest Now

    Our View

    Buy

    Target Price

    1,720.00

    Reco Price

    1,399.00

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    PDF

    Prataap Snacks (Prataap), popularly known for its brand Yellow Diamond, is an emerging player in the Indian Snacks industry with ~6% market share. Given the scale of business, it is attractively placed to tap the huge opportunity in Rs22,000cr organized snacks industry. We estimate Prataap...More

  • Mahindra & Mahindra Financial Services Ltd

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    Our View

    Buy

    Target Price

    572.00

    Reco Price

    463.00

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    M&M Financial Services (MMFS) is a key beneficiary of cyclical rebound in rural economy. We believe the company’s GNPA and credit cost would decline with improving collection efficiency, aiding earnings. Its GNPA is expected to decline by 310bps to 8.5% over FY17-20E (from 11.6% in...More

  • Nestle India Ltd

    Invest Now

    Our View

    Buy

    Target Price

    9,265.00

    Reco Price

    7,798.00

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    PDF

    Nestle is a classic case of higher top higher bottom structure. After hitting lows of Rs6,887 in February 2018, the stock maintained its upward structure post finding support at its long term 200-DMA. Since then Nestle has surpassed its medium as well as short term...More

  • Rupa & Company Ltd

    Invest Now

    Our View

    Buy

    Target Price

    549.00

    Reco Price

    436.00

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    Rupa Limited is trading in a strong higher top higher bottom chart structure on the monthly chart. Recently, the stock is in a corrective move of its inherent impulse price action, which started from Rs 241 to Rs 589.9 in the span of 6 months....More

  • Atul Ltd

    Invest Now

    Our View

    Buy

    Target Price

    3,590.00

    Reco Price

    2,965.00

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    Atul Limited (Atul) is an integrated chemicals company having a diverse product portfolio across various business segments. Atul has executed major capex activity of ~Rs360cr over last three years. We expect the company to focus on ramping up the utilization levels of newly commissioned plants....More

  • Tata Steel Ltd

    Invest Now

    Our View

    Buy

    Target Price

    932.00

    Reco Price

    754.00

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    Tata Steel has been stuck in a consolidation phase and has gone through a healthy price correction in the past eight weeks. During this phase, the stock corrected by ~10%, falling from its previous peak of Rs735 hit on October 30, 2017 to lows of...More

  • TVS Srichakra Ltd

    Invest Now

    Our View

    Buy

    Target Price

    4,245.00

    Reco Price

    3,550.00

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    TVS Srichakra Limited has given a strong recovery by forming a bullish Doji Candlestick on daily chart. The stock has also managed to breach its Declining Trend-line resistance and is currently on a verge of giving a possible Cup and Handle chart pattern breakout. Currently,...More

  • Skipper Ltd

    Invest Now

    Our View

    Buy

    Target Price

    352.00

    Reco Price

    278.00

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    PDF

    Skipper is an attractive play on power transmission investment in India as increasing spends on intra state transmission lines is expected to benefit structure players. It derives ~84% of its revenue from engineering products segments which caters to such requirements....More

  • Jindal Stainless (Hisar) Ltd

    Invest Now

    Our View

    Buy

    Target Price

    268.00

    Reco Price

    222.00

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    PDF

    The stringent import duties on stainless steel products has been a boon for domestic producers. JSHL is one of the leading manufacturers of stainless steel and is well placed to take the advantage of consumption shifts from imported to domestic sources. The company is likely...More

 
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