Stock brokerages recently came out with research reports on select stocks namely Oberoi Realty, Navin Fluorine, KNR Constructions and Uno Minda. These four stocks have received ‘Buy’ ratings from individual brokerage firms. Here's what broking firms said about these stocks:
Nuvama Institutional Equities expect sales momentum for Oberoi Realty to remain healthy. It expects Oberoi Realty to focus on business development going ahead. Nuvama has suggested a 'Buy' on the stock with a 12-month target price of Rs 1,032 apiece.
"Oberoi Realty delivered pre-sales of Rs 6,000 crore in Q4FY23. However, this includes sale of units by Oasis Realty to the company, amounting to Rs 3,400 crore and sales done by the JV partner in the Worli project, where it does not have any profit share," Nuvama said.
Navin Fluorine is striving towards 30% Ebitda margin over the next 4 years. Considering only a 50-bps uptick for FY25, JM Financial said. The brokerage said it has revised upward its FY25 estimate for Navin Fluorine by 2%. Consequently, the brokerage has revised its March 2024 target for the stock to Rs 5,080 apiece.
"The stock has run up 11-12% leaving limited upside in the near term. However, on account of long-term growth visibility from its multi-year contracts in HFOs and specialty chemicals, along with the strong outlook for its CRAMS business, we maintain our 'Buy' rating, as Navin remains our top pick," JM said.
KNR Construction is one of India’s leading infrastructure companies that provide Engineering, Procurement and Construction (EPC) services. We recommend a 'Buy' on the stock for a target price of Rs 260, said Axis Securities.
"Considering strong and diversified order book position, healthy bidding pipeline, new order inflows, emerging opportunities in the construction space, and the company’s efficient and timely execution, we expect KNRCL to report Revenue/Ebitda/adjusted PAT CAGR of 17%/10%/15% respectively over FY22-FY25E. After the recent correction valuation has become attractive," Axis Securities said.
Uno Minda's focus on expansion of capacities for its value-added products would boost overall profitability. It has also forayed into new EV components. It won large orders from 2W EV OEM for head lamps, tail lamps and blinkers in 3QFY23, said Reliance Securities which has buy rating and a target of Rs 650 on the stock.
"We expect positive traction in automobile production to continue with semiconductor shortage easing out and healthy order book in FY24E, to act as a key driver for the company. Higher content per vehicle, value addition, capacity addition of high-margin segments would be the key triggers for the company's revenue growth outperformance and healthy earnings growth going forward," said Reliance Securities.
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