Tag: Buy

HDFCB has clarified certain aspects relating to merged financials, which are likely to have a mixed impact on the company's performance in the near term. However, the outlook for HDFCB remains positive in the medium to long term, with core earnings growth expected to revive.

Hindalco is investing heavily in its businesses that make aluminum products for things like cars, trucks, and packaging. The company is doing this because it believes that the demand for these products will continue to grow in the coming years. Despite some challenges in the near term, Hindalco is confident in its long-term outlook. The company is adding new capacity to make more of these products, and it expects to be profitable from doing so.

he rupee appreciated against the US dollar on Wednesday, supported by easing crude oil prices and likely dollar selling by the Reserve Bank of India (RBI). USDINR is expected to rise towards 83.30, as long as it holds above 82.80. The hawkish comments from the US Federal Reserve are likely to support the dollar. USDINR is expected to find support near 83.00 and move towards 83.40. A move above 83.40 would open the doors towards 83.60.

TCS: Strong Deal Momentum and Revamped Organizational Structure Provide Resilience and Position the Company for Growth TCS, India's largest IT services company, has reported robust deal wins over the past few quarters. The company is also well-positioned to grab market share during the current challenging environment due to its strong domain expertise, global presence, and proven ability to cross-sell its services. The recent organizational restructuring is expected to alleviate concerns and aid in driving growth. Analysts maintain a Buy rating on TCS with a revised price target of Rs. 4,200, as they believe the company is well-placed to grab cost takeout as well as digital transformation programs along with opportunities arising from vendor consolidation.

Harley Davidson India's sales momentum is building up ahead of the festive season, with the company receiving over 25,000 bookings for its new HD X 440 motorcycle. Analysts maintain a Buy rating on the stock, citing attractive valuation and strong fundamentals.

Sansera Engineering (SEL) is on track to meet its revenue and profitability targets for FY24, driven by strong growth in exports and aerospace. The company is also confident of crossing ~20% pre-tax RoCE by FY25. SEL's mid-year update is positive, with the company well-positioned to benefit from the long-term growth trends in the automotive and aerospace industries.

Karnataka Bank is a south-based private sector bank with a focus on the retail, MSME, and agri segments. It has a pan-India presence with 901 branches and a large customer base of 1.3 crore. The stock is currently trading at a relatively lower valuation, with a potential upside of 28%.

Tata Steel is setting up a 3mtpa EAF at its Port Talbot steel making facility in the UK, with a capex of GBP 1.25 billion. The project is expected to be EPS accretive for the company due to various benefits such as reduced cash losses, lower volatility in earnings, and lower energy costs. We maintain a ‘Buy’ rating on Tata Steel at a revised target price of Rs 144.

Dabur is aiming to grow its business much faster in the next few years and improve its profits. It is doing this by focusing on its Healthcare and Food & Beverages businesses and by making its operations more efficient. We believe that Dabur is a good investment and recommend that investors buy the stock.

Star Health & Allied Insurance Company (STARHEAL) sees strong growth opportunities in India's health insurance market. The company is focusing on deepening its presence in rural India and enhancing its bancassurance channel to capitalize on this growth. Analysts expect STARHEAL to report a 19% CAGR in overall gross premium over FY23-25, driven by a 20% CAGR in retail health and a 10% CAGR in group business. Claims ratios are likely to normalize at ~64%, with the combined ratio at ~93%. These factors should boost STARHEAL’s profitability over FY23-25, with RoE improving to 16% in FY25E from 11% in FY23.