Atul, KSB, Niva Bupa among 8 stock saw brokerage initiations with up to 38% upside
Well-established in SCM with expertise in redevelopment of tenanted properties, Suraj Estate Developers is set benefit from the paucity of vacant land in SCM, said Anand Rathi.


- Apr 23, 2025,
- Updated Apr 23, 2025 4:07 PM IST
Select stocks including Suraj Estate Developers, Hindustan Foods, Niva Bupa Health Insurance, Atul, KSB, Dr Agarwal's Health Care, Deepak Nitrite and Jyoti CNC Automation have seen fresh interest from the various brokerage firms, who have recently initiated their coverage on these companies.
"It has already received two sizable orders from a marquee customer and expects even larger orders ahead. We estimate a 40%/47%/66% sales/EBITDA/PAT CAGR over FY24-FY27E with FY26E ROE at 27%. The working capital position should improve by FY25-end, meaningful FCF will happen from FY27E onwards. We initiate coverage with 'add' tag and a target price of Rs 1,450," it said.
Select stocks including Suraj Estate Developers, Hindustan Foods, Niva Bupa Health Insurance, Atul, KSB, Dr Agarwal's Health Care, Deepak Nitrite and Jyoti CNC Automation have seen fresh interest from the various brokerage firms, who have recently initiated their coverage on these companies.
"It has already received two sizable orders from a marquee customer and expects even larger orders ahead. We estimate a 40%/47%/66% sales/EBITDA/PAT CAGR over FY24-FY27E with FY26E ROE at 27%. The working capital position should improve by FY25-end, meaningful FCF will happen from FY27E onwards. We initiate coverage with 'add' tag and a target price of Rs 1,450," it said.