Insiders buying stock

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on ABB India ABB India (ABB) is a leader in technology solutions connecting software to its electrification, robotics, automation and motion portfolio. It operates in mainly three key segments including robotics … [Read more...] about Buy ABB India: target of Rs 3275: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Tata Consumer Products Tata Consumer Products (TCPL) is one of the major FMCG companies present in tea, coffee & other beverages in India, UK, US, Canada & some other geographies. In India, it also has salt, pulses, spices & other foods products. Its subsidiary NourishCo is present in packaged water & other beverages. The company is in a JV with Starbucks, which has 275 stores in India. The company has 2000+ distribution directly reaching to 1.3 million outlets in India, which will be increased to 1.5 million outlets by March 2023 • TCPL also increased its rural/ semi urban distributors 4x to 8000+ after the consolidation of consumer business. Outlook We maintain our BUY rating on the stock. We value the stock at Rs 950 on … [Read more...] about Buy Tata Consumer Products: target of Rs 950: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on HealthCare Global Enterprises HCG’s consolidated post IND AS EBITDA grew strongly by 41% YoY (+14% QoQ) to Rs 722mn, above our estimates (Rs606mn). Existing centers reported healthy profitability with EBIDTA growth of 24% YoY (23% QoQ) to Rs750mn, while new centers continue to report highest EBITDA at Rs100mn (Rs154mn in FY22). HCG’s asset light approach with focus on partnering has made its business model – capital efficient and scalable. The company operates most of its Comprehensive Cancer Centre (CCC) on lease/rental basis with HCG investing only in equipment’s. Out of 25 HCG’s CCC, only four are on owned land. HCG is in a consolidation mode and given reducing capex intensity, we expect profitability to improve further from FY23. Our FY23E and … [Read more...] about Buy HealthCare Global Enterprises; target of Rs 358: Prabhudas Lilladher

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Ratnamani Metals and Tubes Ratnamani Metals & Tubes (RMTL) is a niche player with superior capabilities in the domestic industrial pipes and tube segment. RMTL manufactures a wide range of stainless steel and carbon steel pipes & tubes, which find application in key end user industries like oil & gas refineries, power, healthcare, etc. • RMTL has an impeccable capital allocation strategy and best in class operating margins and return ratios • RMTL has healthy cash flow and strong balance-sheet. It is one of the few players in the steel pipe sector having net cash position on its balance-sheet. Outlook We maintain BUY rating on the stock. With improvement in product-mix, going forward, EBITDA margin is expected to improve from Q1FY23 … [Read more...] about Buy Ratnamani Metals and Tubes: target of Rs 2000: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on PNC Infratech PNC Infratech has established itself as a strong executor in roads, water infra, and airport runway segments. Additionally, superior execution capabilities via ownership of modern equipment and in-house teams enables PNC to deliver projects on-time. PNC has executed 70 major infrastructure projects till date. • Reported 30.3% revenue CAGR in FY17-22; operating margin was in the range of 13-15% • Proficient execution, robust return ratios (RoCE: ~20%). Outlook We maintain our BUY rating on the stock. We value PNC at Rs 350/share. For all recommendations report, click here Close Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are … [Read more...] about Buy PNC Infratech: target of Rs 350: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Tata Steel Tata Steel group is among the top global steel companies with an annual steel production capacity of ~34 million tonnes per annum (MTPA). Tata Steel (TSL) is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world • Since 2016, TSL has been consistently ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment. Outlook We maintain our BUY rating on the stock. We value Tata Steel at Rs 130, based on SoTP valuation. For all recommendations report, click here Close Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not … [Read more...] about Buy Tata Steel: target of Rs 130: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Coal India Coal India (CIL) is one of the largest coal producers in the world. In FY22, CIL produced 623 million tonnes (MT) while offtake for FY22 was at 662 MT. CIL has 345 mines (as on April 1, 2021) of which 151 are underground, 172 open cast and 22 mixed mines • CIL has extensive mining capabilities. It has advanced technology in open cast mining. Outlook We maintain our BUY rating on the stock. We value CIL at Rs 275, 4.5x FY24E EV/EBITDA. For all recommendations report, click here Close Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check … [Read more...] about Buy Coal India: target of Rs 275: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on PSP Projects Incorporated in 2008 by Prahladbhai Patel, PSP Projects (PSP) is one of the prominent contractors offering a diversified range of construction and allied services. Its focus remains on industrial, institutional, government, government residential and residential projects. PSP reported 34.3%, 31.2%, 31.3% CAGR in topline, EBITDA, PAT CAGR, respectively, during FY17-22 • Prudent management, net debt free, robust return ratios (RoCE: ~25+%). Outlook We maintain our BUY rating on the company. We value PSP at Rs 710/share (14x FY24 P/E). For all recommendations report, click here Close Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com … [Read more...] about Buy PSP Projects: target of Rs 710: ICICI Direct

ICICI Direct's research report on GR Infraprojects GR Infraprojects (GRIL) is a leading player in the roads and highways sector having an overall order book size of Rs 17,005.6 crore. The company has delivered 26.6% revenue CAGR during FY16-22, wellcomplemented by 33.6% EBITDA CAGR and 39% PAT CAGR • Prudent management, lean balance sheet position, healthy return ratios. Outlook We assign BUY rating (vs. REDUCE earlier) on the company as asset monetisation through InvIT will boost scalability, ahead. We value GRIL at a target price of Rs 1,620. For all recommendations report, click here Close Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. GR Infraprojects - 110822 - ic … [Read more...] about Buy GR Infraprojects: target of Rs 1620: ICICI Direct

The past few weeks have offered up investors something along the lines of buried treasure in the form of two Hong Kong-based financial firms. Both Magic Empire Global and AMTD Digital recently went public and subsequently saw their share values skyrocket, earning some traders a nice return. But many hungry investors, who perhaps missed out on the rise of Magic Empire and AMTD, are wondering: When will the next gold vein appear? advertisement advertisement It may arrive today, as Treasure Global Inc., a Malaysia-based e-commerce company, IPOs , with shares expected to start trading on the Nasdaq under the ticker “TGL.” Two million shares will hit the market, and will initially be priced at $4. Treasure Global attempts to marry online commerce with physical retailers, and it has an app, called Zcity, which shoppers can use to find deals, get rebates, and more, according to its prospectus . It’s also working on a new platform aimed at food and … [Read more...] about Treasure Global IPO: What to know as the Malaysian e-commerce platform’s stock hits the Nasdaq