Also the government policies for boosting indigenization will act as tailwind for the sector The target price is Rs 10,380 and upside potential is 20.5% for the stock, according to Choice Broking. Going ahead, the company would benefit from the revival in the automotive sector and from higher exports to its parent company and to other markets.
Reported PAT increased to Rs 170.8 crore. EBITDA margin increased by 99bps QoQ, thereby leading to a 27.7% rise in EBITDA. Schaeffler India Ltdĭuring Q3 CY2021, the company reported a 20.7% sequential growth in the total operating income to Rs 1,487.6 crore. ICICI Direct has set target price at Rs 1080 with upside potential of 22%. The stock price is likely to head over Rs 1,000 in near term. United Spirits’ price has resolved out of its six year consolidation phase, signalling structural turnaround and new bull cycle ahead. Liquor stocks posted a strong recovery this year leading their way to new highs scripting turnaround on long term charts. The upside potential for the stock is 22.3%. Choice Broking assigned “BUY” rating to stock with target price of Rs 900 valuing standalone banking business at Rs 710 (at P/ABV of 2.5x FY24E), and subsidiaries valuation of Rs 190. NII grew by 24.8% as NIM improved by 11bps owing to lower reversals, high growth in high-margin unsecured portfolio. The lender reported strong performance in Q2 FY22 with PAT growth of 30% YoY driven by healthy loan growth of 17%, margin expansion and lower NPA provisioning.
The upside potential for the stock, according to ICICI Direct Research, is 31%. The share price is expected to reach Rs 360 in coming months as it is 161.8% external retracement of the entire previous major decline in 2020. The stock has also witnessed a faster retracement of the entire 52 month’s corrective decline in just 18 months, signalling a robust price structure. Choice Equity Broking assigned a “BUY” rating on the stock with a target price of Rs 956 per share and upside potential of 41.5%.ĪBFRL has strengthened its balance sheet through recent equity infusion with net debt declining sharply from Rs 2500 crore to Rs 870 crore. Investment in Airtel will be a long term play. Airtel Business vertical, which offers a gamut of digital solutions to the enterprises, could be the next growth engine for the company. Consolidated EBITDA increased by 6.3% QoQ while reported PAT stood at Rs 1,134 crore in Q2. On the back of higher ARPU and continuous growth in the 4G subscriber base, the company reported a robust set of financial performance during Q2 FY22. 10 stocks to buy in 2022 for gains Bharti Airtel Midcap and small cap stocks are likely to extend outperformance in the coming year as well. While the midcap space is expected to extend its outperformance in near term, IT stocks may lead the rally supported by cyclicals like Capital goods, BFSI, Real Estate and Auto stocks, according to ICICI Direct. Going by the history of three decades, the ongoing bull market may extend for the next few years with multifold gains. Indian equity markets are likely to extend gains in 2022 as well on account of continuation of economic recovery and strong earnings growth. Nifty Midcap 100 and Nifty Smallcap 100 sharply outperformed with gains of around 43% and 53% respectively.
Indian equity markets had a stellar run this year with Nifty up around 22%.