27 Dec , 2024 By : Debdeep Gupta
DAM Cap On Autos
Upgrade Tata Motors To Buy From NEUTRAL, Target At Rs 870/Sh
Upgrade Escorts To Buy From Neutral, Target At Rs 3,550/Sh
Upgrade Bajaj Auto To Buy From Sell, Target At Rs 9,750/Sh
Top Picks: M&M, TVS Motor And RK Forging
Expect Recovery In FY26 Due To Favourable Macros, Though, Near-term Slowdown Is Inevitable
MOSL On JSW Infra
Buy Call, Target At Rs 375/Sh
Capacity Expansion To Aid Growth; Well-positioned To Gain Higher Market Share
Volume Growth Trajectory To Remain Strong
Focused On Ramping Up Capacity To 400 mt By 2030
Est A Volume/Revenue/EBITDA/PAT CAGR Of 14%/19%/20%/19% Over FY24-27
MOSL On Home First Fin
Buy Call, Target At Rs 1,250/Sh
Co Is Not Seeing Any Spillover Of Stress From Microfinance Or Short-term Personal Loans
Asset Quality Remains Largely Stable
Demand Continues To Remain Strong In Affordable Segment, Particularly In Self-Construction
Co Has the Ability To Penetrate Deeper Into Its Existing States
Within The Next 12-24 Months, It Could Potentially Become the First New-age Affordable HSG Co
Antique On Defence Sector
NSE Defence Index Corrected By 21% From July’24 Peak
Believe Defence Story Has Not Diminished, Rather Outlook Has Further Improved
There Is Significant Earnings Visibility
Valuation, Given Earnings Trajectory, Are Not Unreasonable
Recent Correction Provides Meaningful Opportunity To Accumulate Defence Stocks
Remain Bullish, Top Picks Are HAL, BEL, Bharat Dynamics, Mazagaon Docks, & PTC Industries
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