The brokerage cites aggressive capacity expansion, balance sheet strengthening through CCDS issuance, and premiumisation as key drivers of growth.
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The brokerage cites aggressive capacity expansion, balance sheet strengthening through CCDS issuance, and premiumisation as key drivers of growth.
For Fujiyama Power's Rs 828-crore IPO the company has fixed the price band in the range of Rs 216 and Rs 228 per equity share.
The Emmvee Photovoltaic Power's Rs IPO is a Rs 2,900 crore issue, comprising of fresh issue of up to Rs 2,143.9-crore and offer-for-sale (OFS) of upto 756.1-crore.
Lenskart's Rs 7,278-crore IPO comprises of fresh issue of Rs 2,150 crore and Rs 5,128 crore through an offer-for-sale.
Midwest has fixed the price band in the range of Rs 1014 –1065 per equity share for its Rs 451-crore IPO.
The pharma company Rubicon has fixed a price band at Rs 461 to Rs 485 per equity share (employee discount Rs 46 per share).
Advance Agrolife has set the price band between Rs 95 and Rs 100 per equity share for its Rs 192.86-crore IPO.
The current pause is the second-longest in the past 25 years, adds the brokerage.
Fabric care growing ahead of overall FMCG growth
Valuation comfort relative to peers, despite recent run-up
Here are the 10 picks for Samvat 2080 handpicked by us
While FY24 is likely to remain weak, we have factored in a healthy 14% YoY growth in tonnage for FY25.
The stock is trading at a lower valuation as compared to its peers which we expect to narrow.
Backward integration to reduce manufacturing costs.
Backward integration to reduce manufacturing costs.
Looking at the government’s initiatives on infra sector, we expect that company could see large order inflow opportunities.
Looking at the government’s initiatives on infra sector, we expect that company could see large order inflow opportunities.
Besides, change in mgmt,, organisation restructuring, hiring of new vertical leaders could lead to recovery in growth momentum.
Besides, change in mgmt,, organisation restructuring, hiring of new vertical leaders could lead to recovery in growth momentum.
There is still room for the upside even as the credit growth in the banking sector is continuing.