Polycab , V-Guard, PNC Infratech among top nine conviction picks of Centrum Institutional Broking
RBL Bank Ltd, AIA Engineering Ltd Aarti Industries Ltd, Jubilant Foodworks Ltd, Kalyan Jewelers India Ltd, Polycab India Ltd, V-Guard Industries Ltd, PNC Infratech India Ltd, Home First Finance Company India Ltd. RBL Bank Ltd remains amongst the pick of Centrum in the Banking and Financial Services space.
The brokerage sees an upside of about 44% to a target price of ₹339 for the stock that is trading at close to ₹239 level. Centrum analysts expect RBL to report strong growth in Advances, Net interest Income and net profit, with CAGR (compound annual growth rate) of 23%, 23%, and 36%, respectively over FY23-26 estimates.
AIA Engineering Ltd remains the top buy of Centrum broking in the capital goods space with a target price of Rs4,360, an upside of 23% from current price of ₹3544. The EBITDA margin in the past 4 quarters for AIA Engineering was in the 25-30% range, much higher than the management guidance of 22-23%, partly owing to improving sales mix with the addition of mill liners.
Sustenance of EBITDA margin above 25% is an upside trigger as per analysts at Centrum Also Read- New beer launch expected to boost United Breweries share price by 20% Aarti Industries Ltd is the pick of Centrum in the specialty chemical space. The target price of ₹604 indicates an upside of more than 13% for the tsock trading at close to ₹531 levels.
Expected demand recovery, new projects commissioned in FY23-24, and projects coming up in early-FY25 are expected to contribute significantly to FY25 Ebitda aiding robust year-on-year growth. Jubilant Foodworks Ltd remains a key pick of Centrum analysts in the Consumer space with a target price of ₹625, indicating an upside of more than 14% for the stock trading at close to ₹545 Jubilant as
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