Pick of the week
Sun, Jan 31 2021 13:12 IST |
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Recommendation by Anand Rathi Share and Stock Brokers
KEI Industries Buy
Recommendation by Anand Rathi Share and Stock Brokers
Thus, we yet believe in its sustainable growth prospects and retain our Buy rating, with a Rs 586 target (14x FY23e P/E, closer to the five-year mean), earlier Rs 485. The rising retail share and leaner balance sheet are keys to a re-rating in the scrip.
InterGlobe Aviation Add
Recommendation by Centrum Broking
Yields showing improvement mid Jan-21 onward with guidance of domestic ASK at 80% of PY levels in Q4FY21 and strong traffic pick-up Feb onward. Maintain Add with PT of Rs1,756.
Havells India shares traded 7 per cent higher to hit a fresh record high of Rs 1,190 on the BSE in an otherwise weak market on Thursday, on expectation of higher growth in the next few quarters due to a low base (lockdown quarters) and effect of price hikes. The fast moving electrical goods company s stock has surpassed its previous high of Rs 1,164, touched on January 22.
In the past one month, Havells India has rallied 32 per cent, after the company reported a strong set of numbers for the quarter ended December 2020 (Q3FY21) with standalone net profit jumping 75 per cent year on year (YoY) to Rs 349 crore, on the back of strong revenue growth. In comparison, the S&P BSE Sensex was down 1 per cent during the same period.
Pick of the week
Sun, Jan 10 2021 13:21 IST |
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Recommendation by Edelweiss Financial Services
Dabur India - Buy
Recommendation by Edelweiss Financial Services
In CY21 too, Dabur would remain a strong volume growth story considering: i) addition of new consumers to Health portfolio in the wake of the pandemic; ii) worst is behind for Fruit Juices and other segments impacted by the lockdown; and iii) an impressive innovation funnel (PET bottle juices, health drops, health juices, Amla-plus juices, pickles and apple cider vinegar are doing well).
Given the positive structural levers coming in place for the company, we revise up our target multiple to 55x (from 50x) and arrive at a revised TP of INR665. Maintain BUY .