We expect revenue and PAT CAGR of 15.9% and 15.3% respectively over the period FY21-FY23E and recommend a Buy with TP of INR 840.
Latest broker research reports from Axis Direct buy, sell, hold, neutral recommendations along with target prices forecast and upside.
|Summary||Date||Stock||Broker||LTP||Target||Price at reco|
Change since reco(%)
|2021-05-18||Aarti Drugs Ltd. +||Axis Direct||758.45||840.00||758.45||10.75||Buy|
|2021-05-18||Market Movement +||Axis Direct||Daily Note|
Asian Markets: Asian markets are trading mixed as investors take note of Japan's first quarter GDP data which showed economy shrank at an annualized rate of 5.1% in January to March. Nikkei is trading higher by 2.04%, Shanghai is trading lower by 0.07% and Hang Seng is trading higher by 1.20%.
|2021-05-18||Colgate-Palmolive (I.. +||Axis Direct||1580.95||1835.00||1580.95||16.07||Buy|
|2021-05-18||Gland Pharma Ltd. +||Axis Direct||3062.55||3200.00||3062.55||4.49||Buy|
|2021-05-17||World Economy and Ma.. +||Axis Direct||Daily Note|
Asian markets are trading mixed as investors take note of data from China that showed that industrial output rose 9.8% yoy in April, in line with estimates while retail sales increased 17.7% yoy, below estimates of 24.9% increase. Nikkei is trading lower by 1.13%, Shanghai is trading higher by 0.70%
|2021-05-17||Zensar Technologies .. +||Axis Direct||285.20||285.00||282.90 (0.81%)||-0.07||Hold|
|2021-05-17||Camlin Fine Sciences.. +||Axis Direct||172.60||184.00||171.25 (0.79%)||6.60||Buy|
|2021-05-17||Dr. Reddy's Laborato.. +||Axis Direct||5215.45||5700.00||5250.30 (-0.66%)||9.29||Buy|
|2021-05-17||Escorts Ltd. +||Axis Direct||1176.80||1350.00||1142.05 (3.04%)||14.72||Buy|
|2021-05-17||Lupin Ltd. +||Axis Direct||1186.90||1400.00||1189.15 (-0.19%)||17.95||Buy|
|2021-05-14||Asian Paints Ltd. +||Axis Direct||2821.80||2810.00||2774.50 (1.70%)||-0.42||Buy|
|2021-05-14||KEC International Ltd. +||Axis Direct||400.20||424.00||390.00 (2.62%)||5.95||Buy|
|2021-05-14||Lupin Ltd. +||Axis Direct||1186.90||1400.00||1178.45 (0.72%)||17.95||Buy|
|2021-05-14||Birla Corporation Ltd. +||Axis Direct||1202.05||1230.00||1048.80 (14.61%)||2.33||Buy|
|2021-05-14||World Economy and Ma.. +||Axis Direct||Daily Note|
|2021-05-12||World Economy and Ma.. +||Axis Direct||Daily Note|
Asian markets are trading mixed tracking cues from Wall Street overnight. Nikkei is trading lower by 0.59%, Shanghai is trading higher by 0.15% and Hang Seng is trading higher by 0.42%. Indian indices are expected to open on a flat note and focus will be on domestic data and quarterly earnings for f
|2021-05-12||Affle (India) Ltd. +||Axis Direct||5197.85||6055.00||5218.65 (-0.40%)||16.49||Buy|
|2021-05-12||Steel Strips Wheels .. +||Axis Direct||750.00||908.00||730.45 (2.68%)||21.07||Buy|
We expect the company to post Revenues/EBIDTA/PAT at a CAGR of 34%/43%/139% respectively over FY20-23E. We retain a BUY with a revised target price of Rs 908/share(earlier target Rs 877/share), valuing the company at 4x EV/EBIDTA FY23E, giving an upside of 21% from CMP.
|2021-05-11||Cholamandalam Invest.. +||Axis Direct||546.35||570.00||524.00 (4.27%)||4.33||Hold|
|2021-05-10||Apcotex Industries L.. +||Axis Direct||337.50||325.00||288.20 (17.11%)||Target met||Buy|