Tag: Sharekhan

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.

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.

Emami's promoters' pledge is expected to be reduced to 15% by FY2024-end after the sale of AMRI Hospitals. The company is also targeting high single-digit revenue growth in FY2024 with an EBITDA margin expansion of 200-250 bps. Emami's discounted valuation and improving growth prospects make it a good pick in the mid-cap FMCG space.

Dalmia Bharat has hiked cement prices in the Eastern region by Rs. 70 per bag in two tranches. The company is also planning to hike prices by Rs. 20 per bag in a few states in the East in the coming weeks. The demand environment in the Eastern region has improved and is expected to sustain. DBCL is targeting 15-17% year-on-year volume growth for FY2024. The company will add a 4.9 MTPA capacity in South India to reach 46.6 MTPA by FY2024 end.

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.