![]() ![]() It has maintain a BUY rating on the stock with a target price of ₹155/share (1.3x Sep’24E ABV)Ĥ) Ashok Leyland Ltd (Target price: ₹175) The brokerage said that Federal Bank's key strengths continue to be i) Sustained credit growth, ii) Strong liability franchise, iii) Improving fee income with the bank looking to deepen the relationship with corporates to improve client wallet share, iv) Improving Cost Ratios, and v) Benign credit costs backed by robust asset quality metrics. The brokerage has given a BUY rating with a target price of ₹3,780 implying an upside potential of 10% from CMP. It remained optimistic about improving the demand scenario on account of a) Higher infrastructure spending by the government, b) Pick up in the private Capex, c) Increasing launches of real estate projects and d) Higher contribution from exports going forward. The management continues to maintain its revenue target of ₹20,000 crore by FY26 and overall EBITDA margins at 13% going forward. It recommend a BUY rating on the company and value the stock at 11.8xFY25E EV/EBITDA to arrive at a target price of ₹2,350/share, implying an upside potential of 10% from CMP.Ģ) Polycab India Ltd (Target price: ₹3,780) The stock is currently trading at 11x FY24E and 10x FY25E EV/EBITDA respectively. The brokerage believes Dalmia Bharat is well positioned to grow its revenue and profitability moving forward, supported by a) Increasing cement demand in its key markets in both trade and non-trade segments, b) Cost optimization measures, and c) Increasing premium cement sales aided by capacity expansions. 1) Dalmia Bharat Ltd (Target price: ₹2,350) ![]() Here are the top 6 mid-cap stocks of Axis Securities to buy in June month. ![]()
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