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Sunteck Realty

Sunteck Realty gets a buy call from ICICI Securities with a target price of Rs 475. Sunteck Realty Ltd. is currently trading at Rs 386.

When the price of Sunteck Realty Ltd. reaches the analyst’s target, the time period is one year.

Sunteck Realty Ltd., founded in 1981, is a Real Estate-focused Mid Cap business with a market capitalization of Rs 5533.71 crore.

Financials

The company reported a Consolidated Total Income of Rs 96.12 Crore for the quarter ended June 30, 2021, down -50.63 percent from the previous quarter’s Total Income of Rs 194.67 Crore but up 39.49 percent from the same quarter last year’s Total Income of Rs 68.91 Crore. In the most recent quarter, the company achieved a net profit after tax of Rs 4.39 crore.

Reasons for Investing

The brokerage expects Phase 1 of the project to generate Rs2.7 billion in revenue (1,000 units launched) and the total project to generate Rs12-13 billion in revenue, with a pre-tax operating surplus of over Rs5.0 billion and NAV accretion of Rs2.8 billion (Rs20 per share). It keeps SRIN as BUY, with a revised target price of Rs475/share (formerly Rs457), based on 1x NAV adjusted for project level revisions. The call is vulnerable to a slowdown in Mumbai property market volumes and a drop in residential/commercial property prices.

Jindal Stainless

ICICI Securities has a buy call on Jindal Stainless with a target price of Rs 230. Jindal Stainless Ltd.’s current market price is Rs 160.

The expert estimates that Jindal Stainless Ltd.’s price will achieve its target in one year.

Jindal Stainless Ltd., founded in 1980, is a Small Cap business in the Metals – Ferrous sector with a market capitalization of Rs 7535.08 crore.

Financials

For the quarter ended June 30, 2021, the firm recorded consolidated total income of Rs 3930.49 crore, down -9.35 percent from the previous quarter’s total income of Rs 4335.94 crore but up 48.12 percent from the same period last year. In the most recent quarter, the company generated a net profit after tax of Rs 566.18 crore.

Reasons for Investing

With a BUY recommendation, the brokerage begins coverage on Jindal Stainless (JSL). It also includes Jindal Stainless and Jindal Stainless’s combined financials (Hisar). The brokerage values the merged organisation at Rs 230/share on 1.8x FY24E P/B, based on an assessment of >20 percent through cycle RoE and 40 percent YoY profit growth in FY24E as expansion kicks in, with an appointed date of Apr’20 and expected merger closing by Q4FY22 (according to the company). This indicates an EV/EBITDA ratio of 5x in FY24E.

HDFC Life Insurance

With a target price of Rs 850, ICICI Direct has issued a buy call on HDFC Life Insurance Company. HDFC Life Insurance Company’s current market price is Rs 735.

When the price of HDFC Life Insurance Company Ltd. reaches the set target, the analyst estimates it will take one year.

HDFC Life Insurance Business Ltd., founded in the year 2000, is a Large Cap company in the Financial Services industry with a market capitalization of Rs 148505.98 crore.

Financials

For the quarter ended June 30, 2021, the firm reported a Consolidated Total Income of Rs 395.46 crore, down -32.38 percent from the previous quarter’s Total Income of Rs 584.85 crore and -12.61 percent from the same period last year. In the most recent quarter, the company generated a net profit after tax of Rs 269.55 crore.

Reasons for Investing

With the acquisition of Exide Life, the brokerage believes that expansion in terms of geographical (tier II and III regions), clients, and distribution (agency channel) will continue to be good. Preoverrun margin is favourable, similar to HDFC Life, however the focus will be on cost matrix and persistency. Given the company’s low market share, flattish revenue, and low persistency, the acquisition cost of Rs 6687 crore, or 2.5 times EV, is not inexpensive. Overall, the brokerage anticipates an 8% increase in EVPS in FY23E as a result of the transaction.

ACC

With a target price of Rs 2610, ICICI Securities has issued a buy call on ACC. ACC Ltd.’s current market price is Rs 2467.

The analyst specifies a one-year time frame in which the ACC price can achieve the set target.

ACC Ltd., founded in 1936, is a Large Cap business in the Cement sector with a market capitalization of Rs 46528.05 crore.

Financials

The company reported a Consolidated Total Income of Rs 3930.49 Crore for the quarter ended June 30, 2021, down -9.35 percent from the previous quarter’s Total Income of Rs 4335.94 Crore but up 48.12 percent from the same quarter last year’s Total Income of Rs 2653.52 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 566.18 crore.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article.

BNP Paribas Large Cap Fund

The Scheme invests primarily in high market capitalization companies in order to produce long-term capital growth from a diversified and actively managed portfolio of equities and equity-related instruments. The Value Research Rating has given a 5-star rating on the fund. A three-year SIP of Rs 10,000 would yield a profit of Rs 1.81 lakh.

The assets under management of BNP Paribas Large Cap Fund Direct-Growth are valued at Rs 1,129 crores (AUM). The fund charges a 1.0 percent expense ratio, which is more than most other Large Cap funds.

BNP Paribas Large Cap Fund Direct-Growth returns have been 50.34 percent over the last year. It has returned an average of 16.77 percent per year since its inception.

The majority of the money in the fund is invested in the financial, technology, construction, services, and energy industries. ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Reliance Industries Ltd., and Axis Bank Ltd. are the fund’s top five holdings.

BNP Paribas Arbitrage Fund

The scheme aims to create income and capital appreciation through a diverse portfolio of equities and equity-related instruments, including the use of equity derivatives techniques and arbitrage opportunities, as well as exposure to debt and fixed income instruments. The Value Research has given 5 star rating on the fund. A three-year SIP of Rs 10,000 would yield a profit of Rs 29,370

The BNP Paribas Arbitrage Fund Direct – Growth manages assets worth 748 crores (AUM). The fund’s fee ratio is 0.3 percent, which is comparable to the expense ratios charged by most other Arbitrage funds. The fund currently has a -0.18 percent equity allocation and a 22.64 percent debt allocation.

The Financial, Metals, Services, Healthcare, and Chemicals sectors make up the majority of the fund’s equity holdings. Reserve Bank of India, Adani Ports and Special Economic Zone Ltd., NMDC Ltd., UPL Ltd., and ITC Ltd. are the fund’s top five holdings.

BNP Paribas Substantial Equity Hybrid Fund

BNP Paribas Substantial Equity Hybrid Fund Direct-Growth had assets under management (AUM) of Rs.661 crores, making it a tiny fund in its category. The fund’s expense ratio is 0.57 percent, which is lower than the expense ratios charged by most other Aggressive Hybrid funds. The fund now has a 77.18 percent stock allocation and a 10.28 percent debt allocation.

BNP Paribas Substantial Equity Hybrid Fund Direct has generated growth returns of 43.79 percent during the last year. It has had an average yearly return of 16.64 percent since its inception.

The equity part of the fund is predominantly invested in the financial, technology, construction, healthcare, and fast-moving consumer goods sectors. ICICI Bank Ltd., Axis Bank Ltd., GOI, HDFC Bank Ltd., and State Bank of India are the fund’s top five holdings.

The Scheme invests in a diversified portfolio of equities and equity-related assets, as well as fixed income instruments, in order to create income and capital appreciation.

The Value Research and Morningstar has given 5 star rating on the fund. A three-year SIP of Rs 10,000 would yield a profit of Rs 1.72 lakh.

Disclaimer

Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article.