Stock brokerages such as Elara Capital, B&K Securities, Motilal Oswal, and HDFC Securities have come out with research reports on select stocks namely Lemon Tree Hotels, Hikal, VRL Logistics and SBI Life Insurance. Here's what brokerages said about these counters
Motilal Oswal has a ‘Buy’ rating on Lemon Tree Hotels stock with a target price of Rs 115 per share. Lemon Tree standalone and Fluer are expected to be debt free by FY26 and FY28, respectively, with major repayments beginning from FY25, the brokerage said citing company management
Analysts at Motilal Oswal expect Lemon Tree Hotel’s strong momentum to continue going forward, led by further improvement in occupancy on the back of a resilient demand scenario; an increase in ARR with the addition of Aurika MIAL; and strong addition of hotels under management contracts
Elara Capital has a ‘buy’ call on VRL Logistics stock with a target price of Rs 890. Post 23% revenue growth for the past two years, VRL Logistics’ management expects a growth of 15-20% going forward, with 5% coming in from the existing branch network and 8-10% from new branches
Analysts at Elara Capital said, “We retain our positive stance on VRLL led by strong growth potential, focused approach towards business, and superior return ratios of around 20%.” It raised FY25E estimates 10%
B&K Securities has a ‘Buy’ call on Bandhan Bank stock with a price of Rs 400. According to the brokerage, Hikal remains a leading player in key API products like Gabapentin, Pregabalin (Pharma) and Thiabendazole (Agrochem) and is now focusing on expanding further into the Animal Health vertical and Fungicide segment
Analysts at B&K Securities believe with the end of major capex, commercialisation of new plants in both crop protection and pharma segment to bring growth momentum back in FY25E for Hikal. Meanwhile, delays in commissioning of Animal Health products for Innovator MNC, US FDA inspection issues, and volatile currency movement could be the key risks
HDFC Securities has a ‘buy’ call on SBI Life Insurance stock with a target price of Rs 1,580 per share. Over FY24E, the brokerage expects changes in personal taxation to cause significant disruption to insurance sales. SBI Life remains HDFC Securities’ top pick in the life insurance sector
Analysts at HDFC Securities took a longer-term view of SBI Life’s business and appreciate the strong distribution footprint of its parent SBI, a healthy mix of protection & NPAR, lowest operating cost ratios, and improving VNB margins
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