Buy Power Finance Corporation for 68% profit
The current market price is Rs
Target price is Rs
MK Global Power Finance Corporation has recommended buying the stock at a target price of Rs 220, as against the current market price of Rs 131.
According to the brokerage house, the asset-quality trend was encouraging, as 1 project worth Rs. 15.2 billion out of a total of Rs. Admitted, when 10 5.3. Billions of rupees worth of projects are running outside the NCLT with 5 %% coverage. Overall coverage has increased from 63% to 65% in the last quarter.
The Aatmanirbhar plan for SEB may support near-term delivery; However, in the midst of weak thermal power connections – finding a way to grow new ones is a necessity, says MK Global.
“We continue to select companies based on asset-quality trends. Buy shares of Power Finance Corporation and move forward with the revised target price of Rs 220 (previously Rs 215) on September 22, 1x P / Adjusted Sept’23E corresponds to the book.
PFC is found in better dividend yields of more than 7%.
Buy TCNS clothing stock
The current market price is Rs 568
The target price is Rs 860
TCNS also advised strengthening the brokerage in the clothing stock and buy the stock for a profit of up to 51%.
“The 35% revenue recovery in the first quarter was consistent with peers and better than the 10% recovery seen last year. The recovery was even better with a healthy 112% recovery on online and other channels. Physical channels (EBO / LFS) for half of Q1 Operational restrictions during store closures and openings result in a 15-20% recovery effect. TCNS clothing, however, indicates a 70% faster recovery and better sales mix for operational stores in the ongoing ESS, ”Dalali said.
According to MK Global, TCNS Clothing does not plan to raise additional capital for organic growth. Significantly, TCNS Clothing was also able to go through FY21 Covid crisis with many peon-free balance sheets, unlike many clothing peers, who either raised funds to raise funds or raise capital.
“We have increased the FY23 / 24 EPS estimate for each store recovery increase the FY23 / 24 EPS estimate on front-loading per store recovery before FY23E vs. FY24E by 20% and 4%. TCNS’s design/sourcing edge, fast back-end and strong online presence keep us positive. Buy TCNS apparel stock with a revised target price of Rs.
This article or section needs sources or references that appear in credible, third-party publications. Please consult a professional advisor. Greenwich Information Technologies Pvt. Ltd., its affiliates, collaborators and authors do not accept responsibility for the loss and / or damage caused by the information in the article.