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  • BASF India

    BASF India has reshuffled its product mix and manufacturing capacity at Dahej plant, which is likely to be accretive over next three years. Moreover, non-Dahej plants are likely to participate actively in revenue generation led by 13 new product launches in...

    Accumulate Reco. Price: 1,513.00

  • Indian Hotels

    Indian Hotels (IHCL) is a proxy player in the Indian hospitality industry considering its leadership in domestic markets, strong brand recognition and presence across value chain. It has 75% of the current inventory under freehold / leasehold, which is eval...

    Buy Reco. Price: 137.00

  • Solar Inds.

    Solar Industries (SIL) will be ramping up its volumes in defence segment from FY19E backed by an order book of Rs471cr, as on September 30, 2018. We expect increased orders from Coal India (CIL; ~Rs732cr order book, as on September 30, 2018), as CIL is targ...

    Accumulate Reco. Price: 1,038.00

  • Kaveri Seed Co.

    Kaveri Seeds Company (KSCL) focuses on increasing its contribution from non-cotton seeds from currently ~40% to around 60% within next three years. Cotton seed volumes have declined by ~12% in H1FY19 on account of lower cotton acreage and regulatory price c...

    Accumulate Reco. Price: 562.00

  • Vinati Organics

    Vinati Organics has ongoing capex across three IB derivatives – PTBT, PTBBA and methyl ester over FY19-20E. It also has a capex plan of ~Rs700cr for three mega projects of para-aminophenol (PAP), isobutyl acetophenone (IB) and butylated phenols manufa...

    Accumulate Reco. Price: 1,589.00

  • Navin Fluo.Intl.

    Navin Fluorine International Limited (NFIL) has capex plans of Rs115cr (asset turnover ratio of ~2x within three years) towards creating additional cGMP capacity at Dewas (commissioning by Q1FY20E). Its specialty chemical segment is expected to gain tractio...

    Buy Reco. Price: 662.00

  • Max Financial

    Max Life has a product distribution channel with consistent contribution from proprietary channels and strong bancassurance relationships (~35% proprietary and ~54% bancassurance tie-up with Axis Bank in H1FY19). It is expanding its network through digital ...

    Buy Reco. Price: 456.00

  • HDFC Stand. Life

    Rise in contribution from protection business (~16% of H1FY19 APE) and improvement in persistency ratio are key triggers for value of new business (VNB) margin expansion for HDFC Life. We estimate VNB margin expansion by ~192bps over FY18-21E on the back of...

    Buy Reco. Price: 384.00

  • JK Paper

    Realization for domestic paper products have improved on firm global pulp (raw material) prices owing to structural improvement in the demand for pulp and paper; environmental restrictions by Chinese government on import of waste (recyclable) paper and limi...

    Buy Reco. Price: 150.00

  • Shri.City Union.

    Change in mix towards higher yielding loans and improvement in the funding profile will lead to healthy margins and improved NII growth. Improved product mix, geographic expansion and long tenure products will drive AUM. We expect AUM to grow at ~20% CA...

    Buy Reco. Price: 1,765.00