![]() ![]() Rating: Buy | Target Price: Rs 887 | Return Potential: 20% Keynote Financial Services on United Spirits The company is expected to maintain a debt-to-equity ratio of 0.7 times in FY25, and an ROE of 16 per cent in FY25, it said with an 'accumulate' rating and a target price of Rs 550. With the expected drop in gas prices, we believe that the gas plants’ efficiency will improve, resulting in increased profitability. The distribution businesses foresee increased productivity as a result of decreased T&D losses and expansion ambitions to boost the top line, said Geojit.īy FY25, we anticipate a 28 per cent rise in renewable capacity, spurred by capacity augmentation. It has operations spread across Gujarat, Maharashtra, UP, and Karnataka. ![]() Torrent Power is one of the leading power utility companies in India, with functions across generation, transmission, and distribution. Rating: Accumulate | Target Price: Rs 550 | Return Potential: 8% Geojit Financial Services on Torrent Power As its loss ratio normalises to pre-covid levels, its combined ratio will improve, driving underwriting performance and profitability, it said with a buy rating and target price of Rs 675. It has built a strong virtuous cycle through its market leadership position in agency network, retail health, and by having one of the largest hospital networks, said Phillip Capital in its initiating coverage report.Īll these factors feed each other, creating very strong entry barriers for incumbents and new players, based on which we expect Star Health to remain a dominant player in the retail health space. Star Health and Allied Insurance (Star Health) is India’s largest standalone health insurer (SAHI) with a market share of 13 per cent as of 9MFY23. Rating: Buy | Target Price: Rs 675 | Return Potential: 30 Phillip Capital on Star Health and Allied Insurance Here's why these brokerages are positive on the stocks: The host of brokerages, including LKP Securities, HSBC Global Services, Phillip Capital, Geojit Financial Services, IDBI Capital, Keynote Financial Services, Anand Rathi Shares and ICICIDirect Research have launched their maiden records recently. ![]() Select stocks such as Star Health and Allied Insurance, Brigade Enterprises, Coforge, Torrent Power, United Spirits, Dixon Technologies, Electronics Mart India and Rainbow Children's Medicare have seen fresh interest from the various domestic and global brokerage firms, who have recently initiated their coverage on the said companies. ![]()
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