Select stocks including Lemon Tree Hotels, Uniparts India, Landmark Cars, Gulf Oil Lubricants, Bajaj Consumer Care and Poly Medicure saw many brokerage firms initiate coverage. Most of these stocks have “buy” ratings with upside potential of up to 114% in one to two years. Here’s what brokerage firms at these counters said in their inaugural reports: Uniparts India (UIL) is a leading manufacturer of components designed for off-road markets in agriculture, construction, forestry and mining equipment. Key products include 3-point linkages (3PL) and precision machine parts (PMPs), along with recent forays into adjacent product verticals such as hydraulic cylinders and power take-offs (PTOs), said the IC report of Sunidhi. UIL trades at 12 times TTM EPS of Rs 45 and 8 times EV/EBITDA based on TTM EBITDA of Rs 301 crore. On a forward basis, UIL trades at 10 times FY25 estimated EPS of Rs 53 and 7 times FY25 estimated EBITDA of Rs 354.1 crore. The bottom line is expected to grow from Rs 168.8 crore in FY22 to Rs 240.6 crore in FY25E, translating into an EPS of Rs 53 crore for FY25, said he was giving a price target of Rs 800 on the stock.(Disclaimer: Recommendations, suggestions, opinions and expert opinions are my own. They do not represent the views of Business Today)
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