3 Stocks to Buy Now: Axis Securities Sees Up to 29% Upside in Skipper, Gravita, and Arvind Smartspaces
Axis Securities has initiated coverage on three stocks - Skipper Ltd, Gravita India Ltd, and Arvind Smartspaces Ltd - with a 'buy' recommendation, citing strong growth prospects in the coming months.
Arvind SmartspacesSkipper LtdGravita India LtdAxis SecuritiesStock MarketReal EstateSep 27, 2024
Arvind Smartspaces, one of the fastest growing real estate companies in India, has been initiated with a 'buy' recommendation and a target price of Rs 1,085, representing a 29% upside. The company, which began operations in 1897, has a dominant market share in Ahmedabad and Bangalore.
Skipper Ltd, India's largest and the world's only integrated transmission & distribution (T&D) company, has been initiated with a 'buy' recommendation and a target price of Rs 600, representing a 24% upside. The company has a distinct competitive edge over peers due to its capability to execute high-voltage power transmission projects.
Gravita India Ltd, a leading recycling company and one of the largest lead producers in India, has been initiated with a 'buy' recommendation and a target price of Rs 600, representing a 20% upside. The company is well-positioned to benefit from strong tailwinds in the sector, driven by the global push for the adoption of a circular economy.
We believe that these three stocks offer strong growth prospects in the coming months and are worth considering for investment.
Arvind Smartspaces began operations in 1897 when Lalbhai Dalpatbhai established the company's first textile mill. Over the years, the business portfolio expanded to include textiles, dyes, chemicals, real estate, and engineering ventures, which were later demerged in 2016. Today, Arvind Smartspaces is one of the fastest growing real estate companies, holding a dominant market share in Ahmedabad and Bangalore.
Skipper is India’s largest and the world’s only integrated transmission & distribution (T&D) company present across the entire transmission chain. The company has its own structure rolling, manufacturing, tower load testing station, and transmission line EPC. Its capability to execute high-voltage power transmission projects gives it a distinct competitive edge over peers. It has 10-15 per cent market share in high-voltage transmission lines.
Established in 1992, Gravita India is a leading recycling company and one of the largest lead producers in India. The company's business is organized across four specialized verticals lead Recycling, aluminum recycling, plastic recycling and turnkey projects. The company is headquartered in Jaipur, India and has multiple scrap collection & recycling facilities within India and at overseas locations.
Axis Securities is a leading domestic brokerage firm in India, providing stock market research and investment advice to its clients.
Information The Indian stock market has been on a bull run in recent months, with the Sensex and Nifty indices scaling new highs. The market is expected to continue its upward trend in the coming months, driven by strong economic growth and positive investor sentiment.
Disclaimer This article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Frequently Asked Questions
What is the target price for Arvind Smartspaces?
Rs 1,085
What is the market share of Skipper Ltd in high-voltage transmission lines?
10-15 per cent
What is the business portfolio of Gravita India Ltd?
Lead Recycling, aluminum recycling, plastic recycling and turnkey projects
What is the expected upside for Skipper Ltd?
24%
What is the expected upside for Gravita India Ltd?
20%
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