Category: Personal Finance

Brightcom Group

The Brightcom Group is a digital marketing company based in Hyderabad, India, that was created in 2000 and has offices all around the world, as well as representatives or partners in Poland and Italy. For the first time in five years, the company is debt-free.

The stock returned 2419.93 percent over three years, compared to 92.27 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 2419.93 percent, while the Nifty IT provided investors a 149.03 percent gain.

Brightcom Group Ltd., founded in 1999, is a Small Cap business in the IT Software sector with a market capitalization of Rs 7,244.56 crore. This stock performed fantastically well and gave returns of 1493.82% in one year.

Nahar Spinning

In the fiscal year ended March 31, 2021, the company spent 3.09 percent of its operating revenues on interest charges and 9.0 percent on staff costs.

The stock returned 474.29 percent over three years, compared to 89.17 percent for the Nifty Smallcap 100. The stock returned 474.29 percent over three years, compared to 89.17 percent for the Nifty Smallcap 100.

Nahar Spinning Mills Ltd., founded in 1980, is a Small Cap business in the Apparels industry with a market capitalization of Rs 1,598.96 crore. This stock fared exceptionally well, returning 1039.69 percent in a single year.

Nahar Spinning Mills Limited is a company that manufactures spinning yarn. In Ludhiana, it began as a small worsted spinning and hosiery unit. It began as a Private Limited Company in December 1980 and then changed its name to a Public Limited Company in 1983.

Olectra Greentec

In 1992, Olectra Greentech Limited was formed. The company’s main business is producing composite polymer insulators and electrical buses. Hyderabad is the company’s registered office. Points to Remember. Business divisions. Revenue fell by 70.7 percent on a quarter-over-quarter basis, the lowest level in the last three years.

The stock returned 188.84 percent over three years, compared to 89.17 percent for the Nifty Smallcap 100. Annual sales growth of 30.23 percent surpassed the company’s three-year CAGR of 19.93 percent. Over a three-year period, the stock had a 188.84 percent return, compared to 95.08 percent for the S&P BSE Industrials.

This small-cap stock performed remarkably well in a single year, returning 795 percent.

Tata Tele

Tata Tele Business Services Limited, formerly Tata Tele Services Limited, is a Mumbai-based Indian supplier of broadband, telephony, and cloud services. It is a subsidiary of the Tata Group, a conglomerate based in India. Stock returned 1044.05 percent over three years, compared to 92.27 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 1044.05 percent, compared to 87.59 percent for the S&P BSE Telecom index. The company, on the other hand, has reported a loss of Rs 318.45 crore for the fourth quarter in a row.

Tata Tele stock also performed remarkably well in a single year, returning 794 percent.

GRM Overseas

GRM Overseas Limited is an Indian company that produces, buys, exports, and sells rice and paddy. Polythene is also made there. The company’s headquarters are in New Delhi, India.

In the year 1974, GRM Overseas was founded as a partnership firm. In the fiscal year ended March 31, 2021, the company generated a ROE of 33.98 percent, surpassing its five-year average of 27.1 percent. Stock returned 964.12 percent over three years, compared to 89.17 percent for the Nifty Smallcap 100.

GRM Overseas Ltd., founded in 1995, is a Small Cap company in the Agro Processing industry with a market capitalization of Rs 1,141.26 crore.

JTL Infra

The company’s yearly revenue growth rate of 89.26% surpassed its three-year CAGR of 36.91%. The stock returned 971.53 percent over three years, compared to 89.17 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 971.53 percent, while the Nifty Metal provided investors a 75.72 percent gain. The stock returned 971.53 percent over three years, compared to 89.17 percent for the Nifty Smallcap 100. JTL Infra Ltd., founded in 1991, is a Small Cap business in the Metals – Ferrous sector with a market capitalization of Rs 231.98 crore.

Multibagger Stocks: These 6 SmallCap Stocks Rose Up To 1493.82% In A Year

Disclaimer

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

Buy TAJGVK Hotels with upside potential of 40%

TAJGVK Hotels is a premium hotel company centered in Hyderabad, with 67 percent of revenues coming from the city (pre-Covid).

ICICI Direct sees gains of nearly 40% on the stock of TAJGVK Hotels and has set a target price of Rs 210, as against the current market price of Rs 150.

Reports first-ever profits post March 2020 quarter

According to brokerage, with a robust rebound in revenues and managed fixed expenses, the firm declared its first quarterly net profit of Rs 1.2 crore after Q4FY20 in Q2FY22. From H2FY22 onwards, we expect strong traction in premium sector hotel room revenues. Furthermore, the ongoing crisis may result in a 15% to 18% reduction in room inventory, which bodes favorably for the company in the long run. Over FY21-23E, we anticipate a robust 79.8% revenue CAGR. In FY23E, we estimate the company’s business to recover to 94% of pre-Covid levels, with EBITDA exceeding pre-Covid levels. In FY23E, margins are expected to be over 26%, with the potential to rise to 30% or more.

Target and Valuation

“On a replacement basis, the stock is trading at EV/room of Rs 1 crore, at a significant discount to current replacement costs. We remain positive on the company and maintain our BUY rating Target Price & valuation: We value the company at Rs 210 i.e.18x FY23E EV/EBITDA,” the brokerage has said.

Buy Indian Hotels with upside potential of 21%

Through owned/managed hotels throughout the United States, the United Kingdom, Africa, Sri Lanka, the United Arab Emirates, and the Maldives, Indian Hotels has a select presence in the luxury market.

Leisure rebounds; business travel to follow soon

ICICI Direct sees gains of nearly 21% on the stock of Indian Hotels and has set a target price of Rs 250, as against the current market price of Rs 206.

Q2FY22 Results

In Q2FY22, Indian hotels experienced a strong resurgence, with revenue reaching 72 percent of pre-Covid levels. Indian Hotels’ revenues increased by 184 percent year on year and 111 percent quarter on quarter to Rs 8.4 crore in Q2FY22. EBITDA was Rs 72.8 crore, while the net loss was Rs 120.6 crore, compared to a loss of Rs 230 crore last year and a loss of Rs 277 crore the previous quarter.

Target and Valuation

“Along with the improved outlook, the company is also focusing on driving more efficiencies through cost optimization. We remain positive on the company and maintain our BUY rating Target Price and Valuation: We value IHCL at Rs 250 i.e.31x FY23E EV/EBITDA,” the brokerage has said.

Buy IEX with upside potential of 19%

The Indian Energy Exchange (IEX) is the country’s leading electrical exchange, facilitating electricity trade.

Sturdy revenues backed by high EBITDA margins

ICICI Direct sees gains of nearly 19% on the stock of the Indian Energy Exchange and has set a target price of Rs 910, as against the current market price of Rs 764.

Q2FY22 Results:

The IEX announced strong results for Q2FY22.

At Rs 110.4 crore, revenue was up 55.6 percent year over year and 21.3 percent quarter over quarter. In Q2FY22, EBITDA was at Rs 95 crore, up 71.4 percent year on year, with margins at 86.1 percent. Consequent PAT wasRs 77.4 crore in Q2FY22, up 74.6 percent YoY and 24.6 percent QoQ.

Target and Valuation

“For the past year, IEX has remained richly valued given its clean balance sheet, near-monopoly and bright future prospects. We continue to remain positive and retain our BUY rating on the stock. Target Price and Valuation: We value IEX at Rs 910 i.e. 57x P/E on FY24E EPS,” the brokerage has said.

Disclaimer

The above stocks are picked from the brokerage report of ICICI Securities. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.

Buy Indian Hotels, says Motilal Oswal

Motilal Oswal sees gains of nearly 27% on the stock of Indian Hotels and has a set a target price of Rs 268, as against the current market price of Rs 204.

“Indian Hotels standalone RevPAR nearly doubled on a QoQ and YoY basis owing to ARR growth and occupancy improvement. This came on the back of positive consumer sentiment on travel, leisure travel led recovery, and the resumption of business travel. Additionally, Indian Hotels operating performance was strong on account of cost-saving measures and operating leverage,” the brokerage has said.

Indian Hotels board has also approved the purchase of 39.8% shares of Roots Corporation at a maximum acquisition cost of Rs 5 billion, consequently making Roots Corporation a wholly owned subsidiary of Indian Hotels.

Indian Hotels: Price target of Rs 204

“Revenue/EBITDA for the quarter came in above our estimates. Factoring in the same and better demand visibility, we increase our EBITDA estimates for FY22/FY23/FY24 by 29%/13%/11%. We maintain our Buy rating on the stock, with SoTP-based target price of Rs 268,” on the stock.

“While FY21 earnings are weak, we expect gradual recovery in FY22E and sharp recovery in FY23E on (a) a low base, (b) improvement in ARR once normalization is achieved, (c) improved occupancies, (d) positivity in cost rationalization efforts in FY21, (e) an increase in F&B income as banqueting and conferences resume, and (f) higher income from management contracts. Recovery in business travel is key to watch out for going forward,” the brokerage has said.

Buy Can Fin Homes, says Motilal Oswal

Can Fin Homes loan growth was recently muted due to extreme aggression from Banks and large housing finance companies.

“It navigated that period by compromising on its spreads/margin to protect its customers from being poached by the competition. That strategy has reaped dividends, and Can Fin Homes is again embarking on a strong growth trajectory without having to compromise on its spreads/margin. Despite the total restructured pool being slightly higher than the management’s guided levels of 2%, its asset quality is the most pristine and credit costs should remain benign in a post-pandemic normalized world. We would look to revise our estimates and target post its concall on 22nd Oct’21,” the brokerage has said.

Disclaimer

The above stocks are picked from the brokerage report of Motilal Oswal. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.