Broker’s call: Fusion Micro Finance (Buy)

[ad_1] Target: ₹700CMP: ₹484.60Fusion MFI continues to report strong earnings with PAT at ₹133 crore and RoA at 4.7 per cent, mainly led by continued margin expansion and higher fees. However, LLP remains elevated at 4.7 per cent, primarily due...

Marico shares surge 10% on Q4 results; brokerages turn upbeat

[ad_1] Shares of Marico Ltd zoomed 10 per cent on Tuesday after the company reported a 4.9 per cent rise in consolidated net profit in quarter that ended March 2024. A few brokerages even upgraded the FMCG company post-results and hiked price targets.The stock ended at ₹582.10...

Broker’s call: Indus Towers (Add)

[ad_1] Target: ₹375CMP: ₹352.90Indus Towers delivered a beat on EBITDA, amid strong tower/tenancy addition and reversal of provisioning related to Vi receivables. The fund-raise helped one of Indus’s major customer’s (i.e. Vi) to clear some of its pending dues. The...

Broker’s call: Honasa Consumer (Buy)

[ad_1] Target: ₹500CMP: ₹438.70Honasa Consumer, in a journey to gain scale in the Indian Beauty market, has built ‘The Derma Co’ — their second profitable brand, with ARR of ₹500 crore+. The Derma Co, launched in 2020, offers science-backed products...

Broker’s call: Shriram Pistons (Buy)

[ad_1] Target: ₹2,450CMP: ₹2,165Shriram Pistons & Rings (SPRL’s) maiden investor call reinforces our positive stance on the company. KTAs: Strong growth visibility guidance for the core IC business, with market-leading growth, sustained high profitability led by well-diversified mix (no segment...

Broker’s call: Nestle India (Reduce)

[ad_1] Target: ₹2,650CMP: ₹2,551.15Nestle India is among the prime beneficiaries of heightened consumer adoption of packaged foods. Current capex cycle of ₹6,400 crore for CY20-25 is likely to support the company in addressing segment demand more effectively. Nestle’s thrust on...

Nifty to remain around 24K level, says Emkay Global

[ad_1] Emkay Institutional Equities, a part of Emkay Global Financial Services Ltd, reiterates its stance of Nifty to remain at the 24,000 level. Emkay expects the market to rebound in 3-6 months, when SMIDs (Small- and Mid-Caps) would start to...

Broker’s call: Coal India (Buy)

[ad_1] Target: ₹550CMP: ₹435.90We initiate coverage on Coal India with a Buy rating and target price of ₹550. Although we strongly endorse the energy-transition narrative and that renewable energy would dominate the global energy mix, we believe India’s large population...

Broker’s call: Ethos (Buy)

[ad_1] Moats and macros are weaving favorable tales for Ethos, given visible growth outperformance and upside from the signed Trade and Economic partnership agreement (TEPA)/ramp-up of own-brand Favre Leuba (FL). The signed TEPA offers elimination of the 22 per cent...

Broker’s call: Kajaria Ceramics

[ad_1] Target: ₹1,450CMP: ₹1,275.95Kajaria Ceramics has, over the years, solidified its presence as the primary pan-India tiles player, selling over 100msm in volume (industry size: about 2,070msm) in a highly competitive & fragmented market. Kajaria’s leadership position, strong brand salience,...
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