Select buzzing stocks including Anant Raj, Piramal Pharma, Deep Industries, Himadri Speciality Chemical, Galaxy Surfactants, Shriram Finance, Brianbees Solutions (FirstCry), Quess Corp and Oberoi Realty have seen fresh interest from the various brokerage firms, who have recently initiated their coverage on these companies.
The host of domestic brokerages including Motilal Oswal Financial Services, Antique Stock Broking, JM Financial, ULJK Research, ICICI Securities, YES Securities and Axis Securities. All of these stocks have ‘buy’ or ‘add’ ratings with an upside potential of up to 40 per cent. Here’s what brokerage said on these stocks:
Motilal Oswal Financial Services on Anand Raj
Rating: Buy | Target Price: Rs 1,100 | Upside: 31%
Motilal Oswal expects Anant Raj’s DC revenue to grow materially, with capacity increasing from 6 MW in FY24 to 307 MW by FY32, and a shift towards cloud services, which will expand from 0.5 MW to 77 MW over the same period. This growth, coupled with a projected Ebitda margin expansion to 77 per cent by FY30E, reflects its ability to scale operations and strong profitability, it said.
“We expect data center business to start generating positive EBIT from FY26 onwards and positive free cash flows from FY30 onwards. We expect NOPAT to reach Rs 6,000 crore from Data center business by FY32. We set a target price of Rs 1,100 based on our SOTP-based valuation and initiate coverage on the stock with a ‘buy’ rating,” Motilal Oswal added.
Content retrieved from: https://www.businesstoday.in/markets/company-stock/story/shriram-finance-anant-raj-ppl-among-9-stocks-that-saw-brokerage-initiations-with-40-upside-458048-2024-12-20.
