Brokerages are feeling positive about JSW Infrastructure, GAIL India, and Supreme Industries. They see strong growth opportunities and good value in these stocks.
JSW Infrastructure: Investec has recommended buying shares of JSW Infrastructure with a target price of Rs 370, which means a potential rise of 15% from the current price of Rs 321. They believe that this company can grow its revenue significantly because of strong demand for its services over the next few years. The growth is expected from more cargo being handled at their new terminal and help from the JSW Group. The government’s push for privatizing ports also opens up new chances for the company. Also, JPW’s long-term contracts give it a solid outlook for the future. Even though the stock is priced higher than some others, Investec thinks it’s worth it due to the company’s strong growth potential.
GAIL India: Jefferies has rated GAIL India as a good buy, with a target price now at Rs 235, which gives a potential 17% rise from the current price of Rs 200. Jefferies believes that the demand for gas in India will remain strong, thanks to new local sources, LNG contracts, and better pipeline connections. They think GAIL can grab a bigger share of the gas transmission market once two new pipelines start working in FY26. If GAIL can increase prices soon, their business could see a boost. The expected earnings growth looks good too, making the stock appealing.
Supreme Industries: Jefferies has also given a buy rating for Supreme Industries, setting a target price of Rs 6,450, suggesting a potential rise of 35% from the current price of Rs 4,763. The company is expecting to sell over 20% more products soon due to seasonal demand and new projects. They also plan to increase their production capacity by 13% by March 2025. Additionally, a recent price rise in PVC (a key material for their products) gives Supreme Industries a brighter outlook. Jefferies sees this company as a solid choice in plumbing, agriculture, and infrastructure, predicting strong earnings growth in the coming years.
(With insights from NiftyStat)
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)
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