Tag: ipo
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Balmer Lawrie – An Update
19th Dec 2016 CMP Rs 1085 Advice: SELL – It has achieved its price target and is Overvalued Dear Readers, We had published a report on Balmer Lawrie and Co (BLC) on 17th Oct, 2016. This is a follow up report where we have changed our recommendation due to significant recent events. We had recommended…
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PNB Housing Finance IPO: A Transformed Lender
Date: 25th Oct 2016; IPO Period: 25-27th Oct IPO Price: Rs. 750-775; P/E 39.2 and P/B 2.45 times Mid Cap: Rs 12,800 crore Mkt cap Industry – Housing Finance NBFC Advice: Investors may BUY with a 1 year perspective Summary Overview: PHF is the 5th largest housing finance company by loan portfolio. Over 5 years, PHF…
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Balmer Lawrie – Is Traveling Fast Now
Date: 17th Oct 2016 CMP: Rs 677 Industry: PSU, diversified Small Cap with Mkt Cap 1980 crores Advice: BUY with a target price of Rs 1057 by Mar 2019, a 56% upside Overview: Balmer Lawrie & Co is a diversified PSU firm into Travel and Tourism, logistics, Industrial packaging, greases, lubricants and Leather chemicals. In…
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Endurance Technologies (IPO) – the Firm has Stamina
Date: 04th Oct 2016 IPO Period: 5th-7th October, IPO Price range: Rs. 467-472 Sector: Auto Components MidCap: Rs 6,639 cr. Mkt cap Advice: Investors may BUY with a 1 year perspective. Summary Overview: ETech is the largest 2 and 3-wheeler auto component manufacturer in India, with 25 plants across India, Italy and Germany. ETech had…
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ICICI Pru Life IPO: An Expensive BUY
Date: 19th Sept 2016. IPO Period: 19-21st Sept IPO Price range: Rs. 300-334 Large Cap: Rs 47,940 crore Mkt cap Industry – Insurance Advice: Investors may BUY with a 3 year perspective Summary Overview: IPRU is the largest private sector life insurer in India. IPRU offers a good range of life insurance, health insurance and pension…
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GNA AXLES Ltd IPO – The Globe Beckons
Date: 12th Sept 2016 and IPO Period: 14-16th Sept IPO Price range: Rs. 205-207 Small Cap: Rs 444 crore Market cap Industry –Auto ancillary Advice: Investors may BUY with a 2 year perspective. Summary Overview: GNAX is the leader domestically in Rear Axle mfg., supplying to tractors in India and commercial vehicles in exports. GNAX…
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LT Tech Services IPO – The Make in India Firm
Date: 11th Sept 2016 IPO Period: 12-15th Sept and Price range: Rs. 850-860 Mid Cap: Rs 8,700 crore Mkt cap Industry – Engineering R&D services Advice: Investors may BUY with a 2 year perspective. Summary Overview: LTTS is a global pure-play engineering R&D services firm, a part of L&T group. LTTS had revenues and profits…
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