Citi maintains a ‘buy’ rating for LIC Housing Finance, setting a target price of Rs 851 (42% upside). The firm expects recent challenges to resolve shortly, with the company likely maintaining its net interest margin at 2.7% lower threshold.
Nuvama has revised its stance on Coromandel International to ‘buy’ from ‘hold’, with a new target of Rs 2,347 (28% upside). The firm notes that “disciplined capital allocation, robust return ratios and growth in adjacencies merit a valuation premium”.
Jefferies continues its ‘buy’ rating on KFin Technologies, adjusting the target to Rs 1,530 (11% upside). The firm observes strong domestic performance with potential 15-20% medium-term growth. The international expansion prospects appear promising as KFIN secures licences in south east Asian markets.
Bajaj Broking‘s latest IPO analysis recommends ‘subscribe for long term’ on multiple offerings closing on December 23, including Transrail Lighting, Sanathan Textiles and DAM Capital Advisors.
ICICI Securities begins coverage of Himadri Speciality Chemical with an ‘add’ rating, targeting Rs 600 (10% upside). The analysis highlights the company’s expansion into battery chemicals whilst noting its “strong moat in the coal-tar value chain complemented by an integrated production model allows it a firm grasp to maximise profits.”
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