The price correction of the past six months provides a good buying opportunity in Alkem Labs (ALKEM), in our view. With compliance in place and ANDA filings/approvals proceeding at a healthy rate, we expect ALKEM to post revenue CAGR of 16% over FY19-21E and improve profitability from US generics.
Lux Industries Ltd. (LUX), founded in 1957 by late Girdhari Lal Todi as Biswanath Hosiery Mills, was incorporated in 1995. It is one of the largest players in the hosiery business having a market share of 20% of the organized industry.
We initiate coverage on VIP Industries Ltd (VIP) with a BUY rating given market leadership (50% revenue share) in the organized luggage industry, well-diversified product portfolio (six brands and multiple SKUs exceeding 1,500) and solid brand salience (brand-ex is 5-7% of sales).
We initiate coverage on Indian Hotels Company (IHCL) with a Buy rating and a target price of Rs195 based on 21x FY21E EV/EBITDA. Our optimism on the stock is based on: 1. Cyclical upturn in the hotel sector along with favourable demand-supply dynamics which are expected to drive the occupancy rate and average room rate (ARR).
TCNS Clothing Ltd. which was incorporated as a public limited company on January 5, 2018, is India’s leading women’s branded Apparel Company in terms of total number of exclusive brand outlets, according to Technopak.
Heidelbergcement India Limited (HCIL) is a subsidiary of global major HeidelbergCement Group, Germany, having its major operations in Central India. The company manufactures and sells cement in India under its brand “mycem cement”. The company has a total capacity of 5.4 mn tonnes.
Infosys Limited (INFLTD) is the second-largest IT services company in India providing consulting and IT services to clients globally. It is also among the fastest growing IT services organization in the world and a leader in the offshore services space with a pioneer in Global delivery model.
Amber Enterprises’ (Amber) has approved to enter into the definitive agreements for acquiring 80% stake upfront in the equity share capital of Sidwal Refrigeration Industries Private Ltd ("Sidwal"), which will include the business of Sidwal Technologies.
Talwalkars posted an impressive 35.3% (yoy) growth in its topline in Q3FY19 (contributing to 27.0% of revenue in 9MFY19 vs 23.9% of revenue in the same period last year), thanks to increased revenues from personal training and PWG (Power World Gyms) centres (60 in India at the end of 9MFY19 vs 40 in the same period last year.
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this site are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither IndiaNotes nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.