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Research House: Monarch Networth
Advise: Buy
Stock Price: Rs 1,031
1-Year Target: Rs 1,515
Potential Upside: 46.9%
Comment: Recommend ‘buy’ as expansion and increased wallet share from customers are expected to drive revenue in the next three years. Strongholds include extensive pan-India reach and successful execution of acquisitions.
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Research House: BNP Paribas
Advise: Outperform
Stock Price: Rs 3,510
1-Year Target: Rs 4,700
Potential Upside: 33.9%
Comment: Initiate with ‘outperform’ due to its transition into a B2B player from RAC manufacturer, aided by acquisitions. Also, likely improvement in margins and return ratios, backward integration benefits, strong order book and localisation trend for components procurement are key positives.
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Research House: Centrum Broking
Advise: Buy
Stock Price: Rs 757
1-Year Target: Rs 970
Potential Upside: 28.1%
Comment: Upgrade to ‘buy’ due to strong growth outlook driven by capacity addition, strong product pipeline, favourable customer demand, reduction in client concentration and entry in high-margin products.
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Research House: Prabhudas Lilladher
Advise: Buy
Stock Price: Rs 471
1-Year Target: Rs 600
Potential Upside: 27.4%
Comment: Maintain ‘buy’ due to expectations of two-fold jump in pre-sales over the next three years, aided by ongoing projects and strong new launch pipeline. Also, strong cash-flow generation, JV with IFC and adoption of asset-light model are key positives.
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Research House: Nuvama
Advise: Buy
Stock Price: Rs 426
1-Year Target: Rs 530
Potential Upside: 24.4%
Comment: Maintain ‘buy’ rating due to robust fourth quarter performance driven by revenue and other income improvements. Factors such as premiumisation, regulatory changes and disruptive trends are significant positives.
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Advise: Buy
Stock Price: Rs 3,242
1-Year Target: Rs 4,000
Potential Upside: 23.4%
Comment: Reiterate ‘buy’ due to expectations of healthy growth in the future, led by its diverse portfolio, expanding customer base, potential for market share gain, superior competitive positioning and strong business moats.
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