BANSAL WIRE INDUSTRIES BROKERAGE: DAM CAPITAL Price Target: Rs 481 CMP: Rs 395 | Upside: 22%
Initiate coverage with a buy rating; revenues and profit seen growing 31% and 35% over FY25-27 on a compounded basis India’s largest single-location steel wire plant at Dadri will be fully commissioned by first-half of FY26 Company well placed for its next leg of growth coupled with improving marginsTATA COMMUNICATIONS BROKERAGE: JM FINANCIAL Price Target: Rs 2,000 CMP: Rs 1,715 | Upside: 16.6% Data revenue goal of Rs 280 billion likely with a delay of few quarters in FY28 as against earlier goal of achieving it in FY27 Strategic review of non-core business would continue and there is more land parcels to monetiseRobust 24% compounded growth in EBITDA seen in the data business over FY25–28
HOME FIRST FINANCE BROKERAGE: MOTILAL OSWAL FINANCIAL Price Target: Rs 1,500 CMP: Rs 1,266 Upside: 18.4% Preferred stock pick in the affordable housing finance segment Trades a slight discount to some of its peers in the affordable housing finance segment In a sweet spot to deliver scalable loan growth along with strong riskadjusted returns
