Brokerage Firms Initiate Coverage on Select Stocks with Upside Potential of up to 52%
Anant Raj, Just Dial, TARC, and other companies have seen fresh interest from brokerage firms, who have initiated coverage on these stocks with 'buy' ratings and upside potential of up to 52%.
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Established in 1969 as a construction company, Anant Raj is a leading real estate developer in the NCR region with a fully paid land bank of 312 acres. DAM Capital has initiated coverage on Anant Raj with a 'buy' rating and a target price of Rs 620, citing its venture into the data center segment and its aim to reach a capacity of 307MW.
Krsnaa Diagnostics operates in the business-to-government segment with a public-private partnership model, positioning itself as a high-quality affordable diagnostic service provider. Systematix Institutional Equities has initiated coverage on Krsnaa Diagnostics with a 'buy' rating and a target price of Rs 841, citing its superior utilization of its recently set up diagnostic centers and the opening of new centers.
Epigral is poised to consistently grow its earnings at 25% CAGR over the next few years, led by higher utilization or expansion of existing capacities, consumption of chlorine into derivatives/value-added products, and scale-up of existing/newer chemistries. Emkay Global has initiated coverage on Epigral with a 'buy' rating and a target price of Rs 2,000, citing its captive chlorine consumption and its position as the largest player in ECH and CPVC.
Gabriel India, with a 31% market share in India's 2-wheeler suspension segment market, is likely to benefit from the industry recovery and rising premiumization trend. Elara Capital has initiated coverage on Gabriel India with a 'buy' rating and a target price of Rs 624, citing its first-mover advantage in e2 wheelers and its revenue CAGR of 12% over FY24-27E.
Indian Hotel Company, part of the Tata group, is a major hospitality enterprise with a diverse portfolio catering to luxury, upscale, and midscale segments through its popular hotel brands. Phillip Capital has initiated coverage on Indian Hotel Company with a 'buy' rating and a target price of Rs 704, citing its positive structural shift in its revenue per room and its incremental focus on asset-light expansion through management contracts.
TARC, banking on its 5-decade legacy and over 500 acres land parcel, is now focusing on becoming a top luxury housing developer in NCR. Ambit has initiated coverage on TARC with a 'buy' rating and a target price of Rs 325, citing its focus on ideation, inspiration, and implementation, and its expected pre-sales of over 15,000 crore.
Aegis Logistics' stock price rallied 97% over the last 3 months, outperforming the Sensex by 90%. HDFC Securities has initiated coverage on Aegis Logistics with a 'buy' rating and a target price of Rs 1,050, citing its strong earnings growth potential, balance sheet strength, and management's focus on capex for future growth.
Just Dial is the leader in the B2C search engine, with its operational and financial metrics revived. Phillip Capital has initiated coverage on Just Dial with a 'buy' rating and a target price of Rs 1,570, citing its growth in tier 2 and 3 cities ARPU and its improved focus in the B2B segment, JD Mart.
Frequently Asked Questions
What is the upside potential of the select stocks?
The upside potential of the select stocks ranges from 6% to 52%.
Which brokerage firms have initiated coverage on the select stocks?
The brokerage firms that have initiated coverage on the select stocks include Elara Capital, Phillip Capital, HDFC Securities, Ambit, Emkay Global, Systematix Institutional Equities, and DAM Capital.
What is the target price of Anant Raj?
The target price of Anant Raj is Rs 620.
What is the revenue CAGR of Gabriel India over FY24-27E?
The revenue CAGR of Gabriel India over FY24-27E is 12%.
What is the target price of Just Dial?
The target price of Just Dial is Rs 1,570.
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