Recos
Buy Grasim, target price Rs 3,093: ICICI Securities
ICICI Securities has a buy recommendation on Grasim Industries with a target price of Rs 3,093. Currently priced at Rs 2450.55, Grasim's revenue and profits have shown substantial growth. The company aims to capture a significant market share in the paint segment, with expected revenues of Rs 100 billion by FY28. Promoters hold a 43.11% stake.
Buy BHEL, target price Rs 358: JM Financial
JM Financial recommends buying Bharat Heavy Electricals (BHEL) with a target price of Rs 358, highlighting the company's positive financial performance and the Indian government's focus on achieving 500GW capacity by 2030. BHEL, operating in the Engineering sector, reported a consolidated total income increase and a net profit after tax of Rs 116.44 crore for Q4 2024.
Buy Aavas Financiers, target price Rs 2055: Axis Securities
Axis Securities recommends buying Aavas Financiers stock with a target of Rs 2055. Currently priced at Rs 1864.6, Aavas Financiers operates in the NBFC sector with promising financial growth. Recent trends and technical analysis suggest a positive trajectory, indicating a potential upside in the near term. Promoters hold 26.47% stake, while FIIs own 33.97%.
Buy Akums Drugs & Pharmaceuticals, target price Rs 710: ICICI Securities
ICICI Securities has given a buy call for Akums Drugs & Pharmaceuticals with a target price of Rs 710, citing profitable growth potential. The company aims to boost margins by curbing API division losses and securing new export orders by CY27. Promoters hold a 75.26% stake, with FIIs at 6.36% and DIIs at 6.71%.
Buy Baazar Style Retail, target price Rs 400: JM Financial
JM Financial has issued a buy recommendation for Baazar Style Retail with a target price of Rs 400. The brokerage forecasts substantial growth in revenue, profitability, and return on equity over the next few years, driven by store expansion and improving financial metrics. Promoters hold a significant stake, and the stock is trading at a discount, indicating potential for re-rating.
Buy Orient Cement, target price Rs 389: Axis Securities
Axis Securities recommends buying Orient Cement shares with a target price of Rs 389. The stock, currently priced at Rs 346.65, has shown strong bullish trends and is trading above key moving averages. The company's financials are improving, and an uptrend is expected within 3 to 4 weeks. Promoters hold 37.86% of shares.
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Buy HDFC Life, target price Rs 800: JM Financial
JM Financial suggests buying HDFC Life Insurance with a target price of Rs 800, while its current market price is Rs 634.35. HDFC Life reported a significant quarterly income drop to Rs 17,270.97 crore. The company, valued at Rs 136,380.06 crore market cap, has major stakeholders including promoters, FIIs, and DIIs holding significant shares.
Buy Sarda Energy & Minerals; target price Rs 615: Axis Securities
Axis Securities recommends buying Sarda Energy & Minerals stock with a target price of Rs 615, highlighting a recent breakout from consolidation, supported by technical indicators. For Q3 2024, the company reported a consolidated total income of Rs 1318.74 crore, up 8.61% from the previous quarter, along with a strong net profit of Rs 188.16 crore.
Buy Venus Pipes & Tubes, target price Rs 1,700: Anand Rathi
Anand Rathi advises buying Venus Pipes & Tubes with a target price of Rs 1,700 within a year. The company's current market price is Rs 1299.9. Positive outlook is based on capacity expansion, backward integration, and global presence. Risks include slow domestic demand and delayed capex. Promoters hold 48.12% stake as of December 2024.
Overweight Dalmia Bharat, target price Rs 2,040: Axis Securities
Axis Securities has an overweight call on Dalmia Bharat Ltd. with a target price of Rs 2040, citing strong demand in the cement sector. The company is well-positioned for steady growth due to its market positioning and favorable macro tailwinds from government infrastructure spending. Key risks include lower demand and rising input prices.
Buy JSW Energy, target price Rs 565: Axis Securities
Axis Securities has given a buy call on JSW Energy with a target price of Rs 565. The brokerage believes that after recent price corrections and anticipated summer demand, the current price of Rs 524.65 offers a good entry point. The company reported a consolidated total income of Rs 2640.04 crore for the quarter ended 31-12-2024.
Add Dr Lal Pathlabs, target price Rs 2,910: HDFC Securities
HDFC Securities has an 'add' call on Dr Lal Pathlabs with a target price of Rs 2910. The company reported a total income of Rs 621.80 crore for the quarter ending 31-12-2024, marking an 11.59% increase from the same quarter last year. The diagnostic sector's de-rating and moderate earnings growth influenced the latest valuation estimates.
Buy Ami Organics, target price Rs 2,605: JM Financial
JM Financial has maintained a buy call on Ami Organics with a target price of Rs 2605. Ami Organics, operating in the chemicals sector, reported a consolidated total income of Rs 276.66 crore for Q3 2024 and net profit of Rs 45.45 crore. Expected robust demand for Nubeqa intermediates and electrolyte additives sales are key growth drivers.
Buy Ashoka Buildcon, target price Rs 206: HDFC Securities
HDFC Securities recommends buying Ashoka Buildcon with a target price of Rs 206, while the current market price is Rs 173.45. The firm expects growth over FY24-27 and highlights positive factors such as stable order book and asset monetization. Promoters hold a 54.48% stake, and the stock aims for substantial gains in the coming months.
Buy Hindalco, target price Rs 800: JM Financial
JM Financial recommends buying Hindalco Industries with a target price of Rs 800, citing strong aluminum prices and stable margins. The company reported a total income of Rs 58899 crore and a net profit of Rs 3734 crore for the latest quarter. Promoters hold 34.64% stake, and strong performance is expected to continue.
Buy PVR INOX, target price Rs 1,610: JM Financial
JM Financial recommends buying PVR INOX with a target price of Rs 1610. Currently, PVR INOX is priced at Rs 925. The company, established in 1995, operates in the Media & Entertainment sector, reporting a quarterly income of Rs 1759.10 crore. Strong box office collections and a good movie pipeline may support its growth. Valuation appears reasonable.
