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Sudip Bandyopadhyay discusses the underinvestment in metals, the increasing demand due to infrastructure projects, the impact of China and global factors, and the potential for Vedanta stocks with a target price of Rs 500+. In the short-term, he is looking forward to a 10% upside from here on as well.
Reliance Industries stock surged 35 percent in the past year and almost 10 percent in 2024.
Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.
As other sectors dominated by PSU companies come into limelight, defence stocks which ignited the re-rating of PSU stocks have moved into consolidation mode for some time. The question is whether the business is in consolidation mode or not, the answer is tilting toward no. It appears the underlying developments in the sector continue to be going at the same pace or rather even more. Allowing 100 % FDI in space related industries, is probably an indication that focus on defence and related sectors continues. As things are shaping up, it appears the exports would also become a focus area.
Hero Motocorp's profitability in ICE motorcycles portfolio reaches 16% due to regular price hikes, premiumisation, and favourable model mix. Rural market recovery, aggressive model launches, and core market recovery drive growth. Double-digit industry revenue growth expected in FY25. Financing rate increased to 60-65%. Rs 6 billion investment to double PAM business capacity.