Vakrangee Ltd (Value buy)
Incorporated in 1990, Vakrangee has emerged as one of India's largest Last Mile Distribution Platform with a Physical as well as Digital Eco-system in place with a PAN INDIA Presence. Vakrangee is delivering real-time banking & Financial Services, ATM, insurance, e-Governance, e-Commerce (including Healthcare services) and logistics services to the unserved rural, semi-urban and urban markets and enabling Indians to benefit from financial, social and digital inclusion. Vakrangee has... Read More
Posted On Apr-02,2024 / Categories : CNI Research Reports
MK Exim India Ltd(Target revised)
Mk Exim (India) Ltd is a growth-oriented business enterprise with operations andexpansion projects in multiple domains. MK Exim is engaged in the business ofmanufacturing textiles and fabrics. It has also ventured into distribution ofcosmetics products. Co specializes and focuses primarily on introducing newbrands into the region and positioning the brands in the... Read More
Posted On Jan-18,2024 / Categories : CNI Research Reports
Sukhjit Starch & chemical Ltd (Dark horse)
Sukhjit starch Ltd is an agro-processing company that specializes inproduction of starch and its derivatives. Company operation started in1943; since then company have been expanding and currently operatesin 4 location within... Read More
Posted On Jan-18,2024 / Categories : CNI Research Reports
Apollo Sindoori Hotel Ltd (Target revised)
Apollo Sindoori Hotels Limited (Apollo Sindoori) is a leadinghospitality service management and support services company.managing the entire gamut of hospitality services right from food servicesto kitchen planning and... Read More
Posted On Jan-11,2024 / Categories : CNI Research Reports
MK exim India Ltd (Target revised)
Mk Exim (India) Ltd is a growth-oriented business enterprise with operations andexpansion projects in multiple domains. MK Exim is engaged in the business ofmanufacturing textiles and fabrics. It has also ventured into distribution ofcosmetics products. Co specializes and focuses primarily on introducing newbrands into the region and positioning the brands in the... Read More
Posted On Jan-11,2024 / Categories : CNI Research Reports
MK Exim Ltd (Growth oriented business model)Mk Exim (India) Ltd is a growth-oriented business enterprise with operations and expansion projects in multiple domains. MK Exim is engaged in the business of manufacturing textiles and fabrics. It has also ventured into distribution of cosmetics products. Co specializes and focuses primarily on introducing new brands into the region and positioning the brands in the market.
Mk Exim (India) Ltd is a growth-oriented business enterprise withoperations and expansion projects in multiple domains. MK Exim isengaged in the business of manufacturing textiles and fabrics. It hasalso ventured into distribution of cosmetics products. Co specializesand focuses primarily on introducing new brands into the region andpositioning the brands in the... Read More
Posted On Jan-06,2024 / Categories : CNI Research Reports
Investment & precision casting Ltd (A pioneer in the casting buisness)
Investment & Precision Castings Limited (IPCL) is a pioneer in theInvestment Casting business in India. IPCL today is the technologyleader producing very complex investment castings in a wide range ofmaterial specifications and piece weight.IPCL specialises in the manufacture and supply of ferrous and nonferrousinvestment castings for Automotive, EGR Cooler/EmissionSystem, Pumps & Valves, Power Generation, Turbochargers for DieselEngines, Aerospace, Defence, Medical Implants,... Read More
Posted On Jan-05,2024 / Categories : CNI Research Reports
Rattan India enterprise Ltd (Target revised)
We had initiated our coverage on Rattan India Ltd with ‘Buy’ as on 18-10-2023 at ₹56.5 with a TP of ₹70.5 (25% upside). Our TP was achieved on21-November 2023. Looking at the current fundamental shaping we hereby upgrade our TPon the company to ₹93 (20%... Read More
Posted On Dec-14,2023 / Categories : CNI Research Reports
Sandhar technologies Ltd (Book profit)
We had initiated our coverage on Sandhar technologies with ‘Buy’ as on14- 06-2023 at ₹300 with a TP of ₹390 on 14 June 2023.Currently, the stock is trading at ₹520(70%) above our initiated price of₹300 in just 6 months.Looking at the strong run up in the stock price in last 6 months we herebyadvise to book complete profit at current market... Read More
Posted On Dec-14,2023 / Categories : CNI Research Reports
Diwali special report 2023
***We have not given the price targets based on market dynamics. Everything looks cheap in bullish markets and expensive in bearish markets. Equity markets are subject to risk and hence, due diligence is... Read More
Posted On Nov-08,2023 / Categories : CNI Research Reports
Maral overseas Ltd (Entire Value Chain of Textile Space)
Maral Overseas Ltd is a part of the $1200 million LNJ Bhilwara Group,whose leadership in textile business is complemented by high technologysectors of graphite electrodes, power generation and IT enabledservices. Set up in 1991 at Maral Sarovar, it is a $110 million (₹ 913crores) composite company today. Maral is engaged in manufacturing ofcotton yarn, knitted fabrics, processed fabrics and ready-made garmentsand has presence throughout the textile... Read More
Posted On Oct-23,2023 / Categories : CNI Research Reports
Rattan India enterprise Ltd (Business of future)
Rattan India Enterprises Limited is the flagship company of Rattan India Group for its new age growth businesses. The company is focused on businesses with cutting edge technologies which have the potential to transform the lives of billion plus Indians. Rattan India Enterprises Limited comprises of tech focussed new age businesses including e-commerce, electric vehicles, fintech and drones Rattan India enterprise is a major company of rattan India group, where the company is seen working... Read More
Posted On Oct-18,2023 / Categories : CNI Research Reports
Apollo Sindoori Hotel Ltd (A leading hospitality service provider)
Apollo Sindoori Hotels Limited (Apollo Sindoori) is a leadinghospitality service management and support services company. Thecompany manages the entire gamut of hospitality services right from foodservices to kitchen planning and management.The company’s revenue from operation has increased from Rs.203crores as in the previous Financial Year (FY) 2021-22 to Rs.268 crores inFY 2022-23 driven by the company’s robust business strategy andinnovative service offerings that helped it... Read More
Posted On Oct-12,2023 / Categories : CNI Research Reports
Harsha engineers international Ltd (Dark horse)
Harsha engineering Ltd are the largest manufacturer of precisionbearing cages, in terms of revenue, in organised sector in India, andamongst the leading manufacturers of precision bearing cages in theworld. Company offer diversified suite of precision engineering productsacross geographies and end-user industries. HEIL business comprises:(i) engineering business, under which we manufacture bearing cages(in brass, steel and polyamide materials), complex and specialisedprecision stamped... Read More
Posted On Sep-13,2023 / Categories : CNI Research Reports
Bhel Ltd (Target revised)
We had initiated our coverage on Bhel Ltd with ‘Buy’ as on 02-06-2023at ₹82 with a TP of ₹105 (28% upside). Out TP was achieved on 1August 2023. Our second TP got achieved on 1 September 2023Looking at the current fundamental shaping we hereby further upgradeour TP on the company to ₹165 (20%... Read More
Posted On Sep-04,2023 / Categories : CNI Research Reports
Sandhar technologies Ltd (Target revised)
We had initiated our coverage on Sandhar technologies with ‘Buy’ as on14- 06-2023 at ₹300 with a TP of ₹390 on 14 June 2023.Currently, the stock is trading above our target price of ₹400. Looking atthe current fundamental shaping we hereby upgrade our TP on thecompany to... Read More
Posted On Aug-29,2023 / Categories : CNI Research Reports
Tata communication Ltd (Target revised)
We had initiated our coverage on Tata communication with ‘Buy’ as on17-03-2022 at ₹1160 with a TP of ₹1508 (30% upside)Currently, the stock is trading above our target price at ₹1800. Lookingat the current fundamental shaping we hereby upgrade our TP on thecompany to ₹2060 (14%... Read More
Posted On Aug-01,2023 / Categories : CNI Research Reports
Banco product Ltd(Running in top gear)
Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets. It was Incorporated in 1961, promoted by Mr. Mehul K. Patel who has more than 40 years of experience in the automotive industryBanco Ltd is the largest manufacturer of radiators in India and has been dealing directly with various OEMs (55-60% of revenue), aftermarkets (~15%), and export (~30%). Banco has nine... Read More
Posted On Jul-04,2023 / Categories : CNI Research Reports
Sandhar technologies Ltd (A growth plus value play)
Sandhar is a market leader in the automotive components and system segment, delivering a wide variety of innovative, superior quality, and cost-effective products to customers all over the world. The company operates 43 plants globally with an extensive presence in India, and in Spain, Poland, Mexico, Romania. It was founded in 1987, Sandhar Technologies Ltd. (STL), had started with a few products as an original equipment manufacturer (OEM) in the two-wheeler... Read More
Posted On Jun-14,2023 / Categories : CNI Research Reports
Bhel Ltd ( Turn around story)
BHEL Ltd is one of the largest engineering and manufacturingcompanies of its kind in India engaged in design, engineering,construction, testing, commissioning and servicing of a wide range ofproducts and services with over 180 product offerings to meet the evergrowingneeds of the core sectors of... Read More
Posted On Jun-02,2023 / Categories : CNI Research Reports
Dabur Ltd (An Ayurvedic proposition)
Dabur India Limited (Dabur) is one of the leading FMCG companies inIndia and a global leader in Ayurveda. Dabur’s product portfolio isdiversified into three segments: Healthcare, Food & Beverages (F&B),and Home & Personal Care (HPC); which have a total of 9 power brandsthat account for ~70% of its total turnover. The power brands includeDabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur Pudin Hara,and Dabur Lal Tail in the healthcare space; Dabur Amla, Vatika, andDabur Red... Read More
Posted On May-24,2023 / Categories : CNI Research Reports
RVNL lTD (Update report)
Rail Vikas Nigam executes all types of railway projects including newlines, gauge conversion, railway electrification, metro projects,workshops, major bridges, construction of cable-stayed bridges, andinstitutional buildingsAfter being a railway capex arm for almost 20 years, RVNL isreinventing itself and is embarking on a new journey (open bidding vsnomination). With extensive expertise and experience, we think it will bedifficult to replace RVNL for railway projects while it wins... Read More
Posted On May-02,2023 / Categories : CNI Research Reports
Integra engineering Ltd (Target revised)
Integra Engineering India Limited (INTEGRA) was initially founded inthe 1980s and has shown substantial growth during the past years. It isa Bombay Stock Exchange public listed company and a subsidiary ofIntegra Holding AG, Switzerland. Integra Holding AG is a Swissmanagement holding company with shareholdings in markets acrossthe... Read More
Posted On Apr-24,2023 / Categories : CNI Research Reports
Dream folks Services Ltd (multi decade growth story)
Dream folks Ltd is a dominant player and India's largest airport serviceaggregator platform facilitating an enhanced airport experience topassengers leveraging a technology driven platform. Company assetlightbusiness model integrates Card Networks, Card Issuers and otherCorporate Clients with various airport lounge operators and other airportrelated service providers (collectively, the Operators) on a unifiedtechnology platform.Company facilitate customers of Clients’ (Consumers) access... Read More
Posted On Apr-24,2023 / Categories : CNI Research Reports
Integra engineering Ltd
Integra Engineering India Limited (INTEGRA) was initially founded inthe 1980s and has shown substantial growth during the past years. It isa Bombay Stock Exchange public listed company and a subsidiary ofIntegra Holding AG, Switzerland. Integra Holding AG is a Swissmanagement holding company with shareholdings in markets acrossthe... Read More
Posted On Mar-17,2023 / Categories : CNI Research Reports
Camlin Fine Science Ltd (Book profit)
Camlin Fine science is engaged in the business of speciality chemical,it is a vertically integrated company, engaged in the researchdevelopment, manufacturing, commercializing and marketing ofspecialty chemicals and blend in its 9 manufacturing facilities aroundthe world & 1000 + customers across 80 countries. Its key productsegment includes Blend (33% of revenue), shelf life extension (24%),performance chemical (43%) and aroma chemicals (1%). Currently CFShas 60 + products under shelf-life... Read More
Posted On Jan-19,2023 / Categories : CNI Research Reports
Apcotex Industries Ltd( Value buy)
Apcotex is one of the leading producers of Synthetic Rubber (NBR &HSR) and Synthetic Latex (Nitrile, VP latex, XSB & Acrylic latex) inIndia. The company has one of the broadest range of EmulsionPolymers available in the market today. The various grades of SyntheticRubber find application in products such as Automotive Components,Hoses, Gaskets, Rice De-husking Rollers, Printing and IndustrialRollers, Friction Materials, Belting and Footwear. Our range of Latexesare used for Paper/Paper... Read More
Posted On Dec-13,2022 / Categories : CNI Research Reports
RVNL (Target revised)
We had initiated our coverage on RVNL Ltd with ‘Buy’ as on 19-08-2022 at ₹31 with a TP of ₹41 with an upside of 30%.Currently the stock is trading at ₹67 (115%) above our initiation price injust 3 months of initiation.Looking at the fundamental changes and cheap valuation against thepeer we upgrade our “Buy” rating on the stock to ₹80 (upside of... Read More
Posted On Nov-25,2022 / Categories : CNI Research Reports
Camlin Fine science Ltd (Dark horse of chemical)
Camlin Fine science is engaged in the business of speciality chemical, it is a vertically integrated company, engaged in the research development, manufacturing, commercializing and marketing of specialty chemicals and blend in its 9 manufacturing facilities around the world & 1000 + customers across 80 countries. Its key product segment includes Blend (33% of revenue) , shelf life extension (24%), performance chemical (43%) and aroma chemicals (1%). Currently CFS has 60 + products under... Read More
Posted On Oct-19,2022 / Categories : CNI Research Reports
RVNL lTD (huge growth story )
Rail Vikas Nigam Limited (RVNL) is a special purpose vehicle (SPV) engaged in undertaking development projects. RVNL is focused on mobilizing financial resources and implement projects pertaining to reinforcement of Golden Quadrilateral. RVNL executes all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, and institutional... Read More
Posted On Aug-19,2022 / Categories : CNI Research Reports