inventory suggestions: Scorching Shares: Gland Pharma, Mirza Worldwide and Agro Tech Meals might give 19-30% return

Brokerage agency Ashika Inventory Broking has a purchase score on whereas has retained a purchase name on . Phillip Capital additionally has a purchase on .

We have now collated a listing of suggestions from prime brokerage corporations:

Ashika Inventory Broking on Mirza Worldwide: Purchase| Goal Rs 370| LTP Rs 311| Upside 19%
Ashika Inventory Broking maintained its purchase score on Mirza Worldwide with a goal value of Rs 370 within the subsequent 12 months.

As COVID circumstances have began waning, mobility has elevated since March of 2022 and that has elevated using footwear.

Workplaces and colleges have opened, which creates an incremental demand for footwear and that advantages the shoe producers, the brokerage stated.

After rising in metro cities, administration has now shifted its focus to tier 2 & 3 cities the place administration sensed bigger progress alternatives.

“We advocate our traders to BUY the scrip with a goal of Rs 370 from 12 months funding perspective. At present, the scrip is valued at a P/E a number of of 24.1X on FY24E EPS,” stated the be aware.

Motilal Oswal on Gland Pharma: Purchase| LTP Rs 1777| Goal Rs 2470| Upside 39%
Motilal Oswal maintained its purchase score on Gland Pharma with a goal value of Rs 2470. Gland Pharma (GLAND) entered right into a Put settlement to amass Cenexi group (Cenexi), thereby enhancing its CDMO choices within the Europe market, stated the brokerage.

“Contemplating fairness worth/enterprise worth of EUR120m/EUR230m, respectively, the EV/gross sales is about ~1.2x CY21/CY22E. The EV/EBITDA is about 10x CY21 and 8x CY22E. Given the generics product portfolio, the valuation is truthful and consistent with friends within the house,” the brokerage stated.

It raised the FY24 EPS estimate by 3% to think about extra enterprise from Cenex.

PhillipCapital on Agro Tech Meals: Purchase| LTP Rs 816| Goal Rs 1000| Upside 22%
Phillip Capital maintained its purchase score on Agro Tech Meals with a goal value of Rs 1000. “We consider the high-margin and differentiated meals enterprise has change into significant, i.e., reached an inflection level,” stated the be aware.

We count on EBITDA margin to maneuver as much as c.8.4% in FY25 from 5.8% in FY22, based mostly on the elevated salience of the meals enterprise; be aware that meals instructions larger margins at +40% vs. edible oil (20-25%), it stated.

(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)