IIFL Securities
UPL
Target Price: Rs 680
Earnings were good in the last quarter and the company reported some reduction in net debt also, said Abhimanyu Sofat, head of research at IIFL Securities. They have not seen a big impact of the lockdown, said Sofat, adding that the stock trades at just 9 times FY21 estimates.
CCL Products
Target Price: Rs 315
The company has a large capacity in Vietnam which hasn’t been hit due to Covid, said Sofat. Demand for coffee continues to be very strong and as supply chain improves going forward, the company could see an improvement in demand, said Sofat.
Centrum Broking
Target Price: Rs 1,840
With a robust order book of $1.5 billion, strong execution capabilities and an estimate of a normal monsoon, Centrum expects steady improvement in margins over FY21-22. The company is steadily ramping up capability and capacities across industries other than agri chem; which will provide the next leg of growth post agri order book hitting a natural ceiling by FY23-24, said Centrum.
Gujarat Gas
Target Price: Rs 315
With 11-12 new districts being developed over the last few years and the 7 new areas won in rounds 9 and 10, GGL is expected to retain its position as the largest city gas distribution player in the country over the next 5-7 years, said Centrum. The brokerage expects a faster recovery in volumes supported by regulatory push and low spot LNG prices.
Motilal Oswal Financial
Tata Consumer
Target Price: Rs 431
L&T Infotech
Target Price: Rs 2,060
Strong exit growth in FY20 coupled with healthy deal wins reiterate confi -dence that L&T Infotech could be one of the few outliers reporting earnings growth in FY21, said Khemka. The company is likely to be a key benefi ciary of the accelerated digital adoption.
Edelweiss
SRF
Target Price: Rs 4,000*
The chemicals business has a particular tailwind in fl uorochemicals, said Edelweiss. Given its strong R&D capabilities, SRF remains well positioned to capture structural tailwinds in fl uorochemical applications, said Edelweiss.
Astral Poly Technik
Target Price: Rs 1,100
The underlying growth traction remains strong as seen from the growth that the company delivered in January and February, said Edelweiss. Consolidation in the sector once the lockdown lifts provides it with ample opportunities to grow faster than the industry and increase its market share, the brokerage said.
*6-8 months
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