1. Minda Corp: 

SBI Securities gives this auto components manufacturer a 'Buy' rating with a target price of Rs 382, indicating an upside of 17.1%. The analysts are optimistic about the company due to its robust electric vehicles (EV) order book and smart key lock set. The total order wins stand at Rs 3,000 crore, of which Rs 750 crore is for battery chargers. 

Minda Corp’s management has guided a revenue growth of 20-25% over the next 2-3 years on the back of new product development, customer acquisition, and increasing exports. They also expect better efficiencies, streamlining of fixed costs and component localization initiatives to improve margins. They predict that demand will pick up in H2FY24, coinciding with the festive season. They are also positive about the improvement in semiconductor supplies due to new supplier management initiatives, and expect momentum to extend into the coming quarters. 

2. Global Health: 

Motilal Oswal initiates coverage on this healthcare facilities company with a ‘Buy’ rating and a target price of Rs 840, implying an upside of 13.4%. Analysts Tushar Manudhane, Sumit Gupta and Akash Manish Dobhada state that “the firm has been able to cater to requirements across therapeutics, making it a preferred choice among many patients”. This has enabled its net profit to grow at a CAGR of 47% over FY19-23, they add. 

The analysts expect this growth momentum to continue in the coming quarters, led by an increasing volume of patients, growth in international patients, and improving average revenue per occupied bed (ARPOD). They are also upbeat about the firm’s plans to increase capacities at its new hospitals in Lucknow and Patna. Overall, they are optimistic about the healthcare services provider’s growth prospects due to its robust business model and surplus cash. Manudhane, Gupta and Dobhanda expect the company’s net profit to grow at a CAGR of 26% over FY23-25. 

3. PI Industries: 

Geojit BNP Paribas reiterates its ‘Buy’ call on this agrochemicals company and  increases its target price to Rs 4,000. This indicates an upside of 17.9%.  According to analyst Anil R, the company’s standalone profit growth of 22.2% YoY to Rs 1,829 crore in Q1FY24 was led by robust CSM export contribution, from higher volumes and prices. “Favourable product mix and improved operating leverage expanded EBITDA margin in Q1FY24,” he says. 

The analyst expects exports to double in the coming 3-4 years on the back of government support, becoming a major revenue driver. He also remains positive about PI Industries’ plans to launch four new products in FY24, and its strong CMS export order book of $1.8 billion. Anil expects the focus on research and new acquisitions to grow the pipeline further. The management has planned a consolidated capex of Rs 900 crore for FY24, mainly for its agchem business.  

4. NTPC: 

ICICI Direct maintains a 'Buy' rating on this electric utilities company with a target price of Rs 300, indicating an upside of 27.6%. Analyst Chirag Shah holds an optimistic view as the company is the sole player that has added coal-based capacities over the past five years, reaching an impressive installed base of 73,000 MW. Notably, NTPC aims to achieve 45-50% of its capacity from non-fossil fuels by 2030.

Shah believes in the management's ability to reach 20,000 MW of renewable capacity by FY26, considering the company's current 3,300 MW of installed renewable capacity and 5,900 MW of projects under construction. He also highlights the company's efforts to diversify into emerging areas like green hydrogen and nuclear power.

Shah foresees generation growth at a CAGR of 11% over FY23-25 due to a higher power load factor (PLF) from increased electricity demand. However, he cautions that a slowdown in demand due to reduced economic activity could affect the company's PLF and profitability.

5. Brigade Enterprises: 

ICICI Securities maintains a 'Buy' rating on this realty company, with a target price of Rs 695, indicating an upside of 20.4%. Analysts Adhidev Chattopadhyay and Saishwar Ravekar are upbeat about the company's prospects due to its residential launch pipeline of 8 million square feet (msf) over the next 12 months, and significant land acquisitions with a gross development value (GDV) of Rs 53 billion.

The analysts predict residential sales bookings to reach Rs 45.8 billion in FY24 and climb to Rs 51.3 billion in FY25, fueled by its robust launch pipeline. They highlight the company's strategic land acquisitions in Bengaluru, Chennai, and Hyderabad, with GDVs of Rs 8 billion, Rs 10 billion, and Rs 35 billion, respectively.

The analysts also believe that the company's focus on achieving 100% occupancy by FY24 (currently at 84%) will be key to its success. They foresee a 16% net operating income by FY25, driven by the leasing of vacant spaces in Tech Gardens, Bengaluru, and the full operationalization of the Brigade Twin Towers office project in FY25.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)