Stock Market Live Update: UBS On Bajaj Housing
Initiate Neutral with a target price of Rs 135
Strong growth trajectory fairly valued
Optimised AUM mix; limited incremental benefits
ROE expansion to be driven by leverage; near-term NIM pressure
Believe Bajaj Housing deserves its scarcity premium as it is the only private sector HFC in the prime loan segment
Stock Market Live Update: Nomura on Dixon Technologies
Maintain Buy with a target price of Rs 21,409
Mobile ramp-up on track
Smartphone demand tailwinds from stronger exports
Management remains confident of achieving 60-65 mn smartphone volumes in FY27
Dixon is confident of achieving 30%-70% share of business of key customers such as Xiaomi, Oppo and Vivo
Dixon’s anchor customer Motorola is in the process of ramping up capacity
Stock Market Today: HSBC On Varun Beverages
Maintain Buy with target price of Rs 670
Recent market concerns seem overdone
Bad weather, more competition, and a typical industry brand innovation miss don’t justify a 28% drop in Varun’s equity value
Driving repeat consumption in urban India and rural expansion is still one of the world’s best beverage growth opportunities
Trading at a 20% discount to the average PE multiple
Stock Recommendation Live: IDBI Capital Suggests Buy For Laurus Labs
IDBI Capital Technical and Derivatives, Retail Research Head Brijesh Ali suggested a buy for Laurus Labs. The target price for the stock is Rs 745 apiece. The stop loss is at Rs 671 apiece.
Stock Recommendation Live: Investec On SBFC Finance
Initiate Buy with target price of Rs 135
Strength in structure, growth restrained
Strong franchise in secured MSME segment
Achieved 40% AUM CAGR over past 5-years with improving profitability and stable asset quality
RoA and asset quality metrics are not industry leading, but they appear credible
Resilience stems from leadership team who have seen various credit cycles,
High employee attrition and low productivity are notable challenges
See AUM growth of 27% CAGR over the next 3 years with exit RoE of 15%+ in FY28E
See challenges to scalability in MSME book (beyond Rs 20000 cr) as employee productivity is low
Stock Recommendation Live: Motilal Oswal Suggests Buy For Apollo Hospitals
Motilal Oswal Financial Services Ltd. Technical & Derivatives Research Head Chandan Taparia suggested a buy for Apollo Hospitals Enterprise. The target price is at Rs 7,740 apiece. The stop loss is at Rs 7,090 apiece.
Stock Recommendation Live: IDBI Capital Suggests Buy For Asian Paints
IDBI Capital Technical and Derivatives, Retail Research Head Brijesh Ali suggested a buy for Asian Paints Ltd. The target price for the stock is Rs 2,490 apiece. The stop loss is at Rs 2,309 apiece.
Stock Market Today: Jefferies On Torrent Pharma-JB Chemical Deal
Acquisition strengthens Torrent's India portfolio
Provides entry into the lozenges CDMO operations for exports
Assuming such deal is funded 75% from debt, the combined entity net debt/EBITDA would stand at 2.5x
Torrent's past acquisitions have been focused on strengthening its presence in the India market and have been accretive to shareholders
Stock Recommendation Live: CLSA On Uno Minda
Initiate Outperform with a target price of Rs 1,304
Growth machine: 2x earnings in 3Y
Set to deliver industry-beating growth with improving ROCE
Industry revival plus portfolio diversification to drive robust earnings growth
Could reinvest bulk of FCF in M&A or fresh projects to scale up fast
Stock Market Live: HSBC On Torrent Pharma
Maintain Buy with a target price of Rs 3,775
Torrent to acquire controlling stake in JB Pharma
Deal will boost Torrent’s standing in chronic therapies in India and also add international CDMOs capabilities
Believe this deal offers next leg of growth for Torrent and we wait for deal closure
JB deal could be 3% accretive to our FY27 EPS estimate for Torrent
Stock Recommendation Live: Buy Aavas Financiers With Rs 2,120 Target Price
Globe Capital Associate Equity, Commodity and Currency Research Head and Vice President suggested a buy for Aavas Financiers Ltd. The target price for the stock is Rs 2,120 apiece, which implied a 5.7% upside from Friday's close price. The stop loss is at Rs 1,940 apiece.
Stock Recommendation Live: Hold Indian Hume Pipe, Mehta Equities Suggests
Mehta Equities Analyst Prashanth Tapse suggested a Hold for Indian Hume Pipe Co. Ltd. Investors may consider holding the stock for the next one to two years to potentially benefit from its upward trajectory.
The company demonstrates strong fundamentals with a solid business model and attractive valuation, he said.
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