Motilal Oswal has a buy call on
United Spirits Ltd with a target price of Rs 685. The current market price of United Spirits is Rs 588.2.
United Spirits Ltd, incorporated in the year 1999, is a Large-Cap company with a market cap of Rs 42748.16 Crore, operating in Beverages-Alcoholic sector.
United Spirits Ltd s key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2020.
Investment Rationale
Changes to the model – due to the ongoing lockdowns amid the second Covid wave in India – have led to a ~35 per cent/17 per cent EPS cut in Motial Oswal s FY22/FY23 estimates.
Motilal Oswal Securities has neutral call on Amara Raja Batteries with a target price of Rs 870. The current market price of Amara Raja Batteries is Rs 783.75.
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Motilal Oswal has buy call on JSW Steel with a target price of Rs 816.0. The current market price of JSW Steel is Rs 676.8.
JSW Steel Ltd, incorporated in the year 1994, is a Large Cap company with a market cap of Rs 167875.96 Crore, operating in Metals - Ferrous sector.
JSW Steel s key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Others, Coils & Sheets (Galvanised), Other Operating Revenue, Billets & Blooms, M S/S S Slabs for the year ending 31-Mar-2020.
Investment Rationale
Motilal Oswal said strong project pipeline to drive growth for the company. Motilal said, it likes JSW Steel given its strong project pipeline and cost reduction initiatives, which should support margin. Over FY21-23E, Motilal expects the above industry s 17 per cent volume CAGR, driven by the Dolvi expansion.
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Motilal Oswal has a buy call on Hindalco Industries with a target price of Rs 475. The current market price of Hindalco Industries is Rs 386.35.
Hindalco Industries Ltd, incorporated in the year 1958, is a Large Cap company with a market cap of Rs 86542.28 Crore, operating in Metals - Non Ferrous sector.
Hindalco Industries Ltd s key Products/Revenue Segments include Aluminium, Other Operating Revenue, Sale of services for the year ending 31-Mar-2020.
Investment Rationale
Robust volume recovery in both India and Novelis
Strong profitability in its primary Aluminum business, given its low-cost integrated operations in India (in the top quartile globally) and higher LME prices