Vriddhi India Empowering You
Related Articles
Research House: SMIFS
Advice: Buy
Stock Price: Rs 307
1-year Target Price: Rs 434
Potential Upside: 41.4%
Comment: Upgrade to ‘buy’ due to increased visibility of volume growth, strong balance sheet and cost optimisation benefits. Focus on increasing value-added ‘blueloop’ range of products in the portfolio will support margins.
Getty Images
Research House: JM Financial
Advice: Buy
Stock Price: Rs 879
1-year Target Price: Rs 1,150
Potential Upside: 30.8%
Comment: Maintain ‘buy’ due to strong operational performance in the March quarter, led by higher margins and strong AUM growth. Also, stabilised leadership and likely improvement in RoA/RoE over the next two years are key positives.
Getty Images
Research House: Antique Stock Broking
Advice: Buy
Stock Price: Rs 2,298
1-year Target Price: Rs 3,000
Potential Upside: 30.5%
Comment: Maintain ‘buy’ as revenue growth is likely to accelerate in 2024-25, driven by bottoming out of mortgage business and strong deal pipeline. Operational discipline and growth-oriented investments are key positives.
Getty Images
Research House: Centrum Broking
Advice: Buy
Stock Price: Rs 12,703
1-year Target Price: Rs 15,533
Potential Upside: 22.3%
Comment: Maintain ‘buy’ due to strong volume growth in fourth quarter led by healthy demand trend and customer
skew towards SUV/CNG. Aggression in new launches, visibility in EV entry in 2024-25 and consolidation of
SMG operations are key positives.
Getty Images
Research House: Systematix
Advice: Buy
Stock Price: Rs 2,580
1-year Target Price: Rs 3,100
Potential Upside: 20.2%
Comment: Maintain ‘buy’ due to strong fourth quarter performance, led by healthy volume growth and cost efficiencies.
Source: ET Wealth Edition May 6, 2024
Getty Images
Source link
