Research House: Antique Stock Broking
Advice: Buy
Stock Price: Rs 46
1-year Target: Rs 65
Potential Upside: 41.3%
Comment: Maintain ‘buy’ due to healthy asset quality, strong demand for microfinance and other loans, collection efficiency, likely improvement in NIMs in March quarter, amid repricing of loans and attractive valuations.
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Research House: Motilal Oswal
Advice: Buy
Stock Price: Rs 1,701
1-year Target: Rs 2,240
Potential Upside: 31.7%
Comment: Reiterate ‘buy’ due to revival in sales in the company’s core markets and addition of new growth areas through the M&A and organic routes. Also, robust product pipeline, expansion in CDMO offerings and investments in biosimilars are key positives.
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Research House: UBS
Advice: Buy
Stock Price: Rs 5,965
1-year Target: Rs 7,550
Potential Upside: 26.6%
Comment: Retain ‘buy’ as there is plenty of scope to scale up new order growth across motion and low/medium voltage electrification. Focus on product range expansion, greater customer reach and likely expansion in margins are key positives.
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Research House: Centrum Broking
Advice: Buy
Stock Price: Rs 458
1-year Target: Rs 574
Potential Upside: 25.3%
Comment: Upgrade to ‘buy’ as stronger supply chain, focus on design and innovation, rising average sales price, with increased share of premium products and healthy e-commerce momentum will drive revenue in future.
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Research House: Nuvama
Advice: Buy
Stock Price: Rs 3,214
1-year Target: Rs 3,953
Potential Upside: 23%
Comment: Retain ‘buy’ due to robust demand, focus on international segment, pricing discipline and higher yields in future due to a likely duopolistic industry structure and aggressive capacity addition.
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Research House: ICICIdirect
Advice: Buy
Stock Price: Rs 877
1-year Target: Rs 1,055
Potential Upside: 20.3%
Comment: Rate ‘buy’ due to its strong capabilities in ship-building and repair, steady order pipeline from defence and commercial segments, pick-up in execution and increasing share of margin-accretive ship repair segment.
Source: ET Wealth Edition
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