The brokerage raises its revenue estimates for FY27/28E, led by stronger execution, higher order book visibility, improving export mix, margin normalisation and upgraded guidance.
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The brokerage raises its revenue estimates for FY27/28E, led by stronger execution, higher order book visibility, improving export mix, margin normalisation and upgraded guidance.
The Rs 301.6 crore IPO comprises of fresh issue of Rs 93 crore and Offer for Sale (OFS) of 73.20 lakh equity shares, worth Rs 208.6 crore.
Dhoot Transmission is a mainboard IPO that will raise Rs 3,067 crore comprising of fresh Issue of Rs 1,400 crore and Offer for Sale (OFS) worth Rs 1,667 crore
The price band has been fixed at Rs 151-159 per share, while investors can bid for a minimum of 94 shares in one lot.
As the downstream facilities ramp up to their rated capacities, Jindal Stainless' profitability is likely to improve, supporting margin expansion over the medium-term, says Anand Rathi.
Lohia Corp's IPO is a mainboard issue consisting entirely of an Offer for Sale (OFS) of 25.91 million shares worth Rs 1,101 crore.
The Rs 9,813-crore, comprises of a pure Offer For Sale (OFS) of 17.1 crore shares, and the company will not receive any proceeds from the issue.
Q1 Review: Anand Rathi remain optimistic as LTM continues to show execution excellence under the leadership of Venu Lambu.
India's IT sector is set for another subdued quarter, with Anand Rathi flagged that the combined impact of the Middle-East conflict and AI-led deflation has emerged as a "double whammy" for the industry in Q1 FY27.
FY27 is shaping up as an inflection year for Jubilant Ingrevia, with contract development manufacturing organisation ramp-up, improving nutrition mix and operating leverage across newly commissioned assets, says the brokerage.
The shares of Knack Packaging will be listed on both the National Stock Exchange and the BSE on July 08.
PSBs would continue to outperform the private banks on asset quality front due to improved loan-mix and better-quality retail loans, says the brokerage.
A Gov-Tech and digital transformation company has fixed the price band in the range of Rs 107 to Rs 113 Apiece, while the face value stands at Rs 10 per share.
The price band for the IPO is set between Rs 130 and Rs 138 per share.
Anand Rathi noted that the company's transition into value-added products such as pellets and steel, along with expansion into non-ferrous metals, positions Lloyds Metals for long-term, sustainable growth.
The Rs 926-crore IPO comprises a fresh issue of Rs 850 crore and an offer-for-sale component worth Rs 76 crore.
With visible control on asset quality and credit cost, a gradual improvement in cards and spends can drive a re-rating, says Anand Rathi.
Amagi's revenue is likely to grow 20.6% CAGR over FY26-28e (vs 30.7% over FY23-25), led by existing and new clients, adds the brokerage.
Leaders like TCS, Infosys, HCLTech are poised to be the primary monetisation layer for AI through partnerships with firms like OpenAI and Anthropic.
The UK government's move to realign its steel import quota regime mirroring EU policy marks a structural positive for Tata Steel, believes the brokerage.