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ICICI BANK LTD.
We reaffirm our BUY recommendation on the stock with a revised price target of INR 805, which represents a potential upside of 34.4% from the CMP of INR 598.8 (FY24 P/Adj BV 1.9x) over a period 24 months.
28-Apr-21
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POWERGRID INFRASTRUCTURE INVESTMENT TRUST
IPO NOTE
28-Apr-21
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NESTLE INDIA LTD.
We initiate coverage on Nestle with a BUY for a price target of Rs 20,944 (65.8x CY23 earnings) over the next 18-24 months representing a potential upside of 24.2% on the CMP of Rs 16,867. We have used the DCF method to value Nestle.
27-Apr-21
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STOVE KRAFT LTD
We believe that SKL is in a high growth phase and akin to its peers is due for a major re-rating. We initiate coverage on the stock with a BUY for a price target of INR 848 (20X FY24 P/E), representing a potential upside of 80% over the next 24 months.
27-Apr-21
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DEEPAK FERTILISERS & PETROCHEMICALS CORPORATION LTD.
Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is a unique play on the ammonia vertical, with products spanning industrial chemicals to fertilizers. DFPCL enjoys a leadership position in a majority of its products like IPA, Bentonite sulphur, Nitric acid (2nd largest in SE Asia),TAN, etc.
26-Apr-21
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MACROTECH DEVELOPERS LTD.
IPO NOTE
06-Apr-21
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