Broker’s call: HPCL/BPCL (Buy)

[ad_1] Target: ₹580/₹687CMP: ₹494/605.70HPCL: Sharply turning around its fortunes, Hindustan Petroleum’s FY24 EBIDTA/PAT was ₹24,800 crore/₹14,600 crore (from FY23’s ₹7,500 crore/₹8,900 croreloss). Q4 profit was ₹2,840 crore, slightly below our estimate due to lower GRMs. Ahead, we expect crude oil...

Broker’s call: Senco Gold (Buy)

[ad_1] Target: ₹1.277CMP: ₹954.80An all-India retailer of gold and diamond jewellery at various prices, Senco Gold has major market share in East with ~79% of its store presence (FY23) in the east India. With its focus on light-weight jewellery and...

Broker’s call: Jindal Steel & Power (Buy)

[ad_1] Target: ₹1,070CMP: ₹ 896.75Jindal Steel and Power’s strategic expansion would augment its crude steel capacity by 65 per cent to 15.9m tonnes and enrich its product mix. As India enters a nation-building phase, demand for steel is likely to...

Broker’s call: BEL (Buy)

[ad_1] Target: ₹250CMP: ₹201.45Bharat Electronics Ltd (BEL) was founded in 1954 under the aegis of the Government of India’s Ministry of Defence, with a primary objective to fulfill the electronic equipment necessities of the defence sector.The organisation is expanding its...