Tag: Recommendations

BOI is expected to see strong cash recoveries and loan growth in FY24, which will lead to an improvement in its return ratios. We believe that the stock is undervalued at the current price and has the potential to outperform in the coming quarters.

CAMS, the leading registrar and transfer agent (RTA) in India's mutual fund (MF) industry, held an Analyst Day to share its in-depth insights on various industry-first solutions and fresh developments in the numerous business categories it operates in. The company is optimistic about the future growth of its non-MF businesses, which are expected to benefit from structural tailwinds and a favorable macro environment. CAMS believes that each of these businesses has the potential to generate around INR 0.7-1 billion over the next three to four years.

Godrej Properties (GPL) has set ambitious goals for FY24, including INR140 billion in pre-sales, capitalizing on its strong balance sheet, and maintaining its commitment to sustainability. The company has made a strong start to the fiscal year, successfully adding INR64.5 billion worth of projects. We reiterate our BUY rating on GPL with a target price of INR1,915.