Synopsis
InCred has initiated an “Add” rating on Lloyd Metals with a target price of Rs 1,476, offering a 40% upside from Rs 1,050. Despite challenges in the iron ore sector, such as flawed policies and bidding practices, the company is well-positioned to benefit from rising prices, driving an expected 76% growth in EPS as it advances with expansion plans. Brokerage firms have recently initiated coverage on prominent companies, highlighting their growth potential and market positioning.
InCred has expressed optimism about Lloyds Metals & Energy Ltd, citing its strategic position in the iron ore sector and robust EPS growth prospects.
Emkay Global has identified GHCL as a cyclical bottom play with promising margin expansion and re-rating opportunities.
Similarly, Equirus has recognized PG Electroplast’s ability to leverage sectoral tailwinds and product diversification, projecting sustainable premium valuations.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
InCred on Lloyds Metals & Energy Ltd: Add | Target: Rs1,476 | LTP: Rs 1,050 | Upside: 40%
Lloyd Metals is poised for significant growth, and InCred has initiated an “Add” rating with a target price of Rs 1,476, offering a potential upside of 40% from the current level of Rs 1,050.
Despite the company’s strong position as a direct beneficiary of rising iron ore prices, the iron ore business faces challenges due to flawed policies and unviable bidding practices, which have led to a supply deficit.
These issues persist even as Lloyd Metals progresses with its expansion plans. However, the company remains well-positioned to capitalize on the favorable price environment, which is expected to drive a remarkable 76% growth in EPS.
Emkay on GHCL: Buy | Target: Rs 900 | LTP: Rs 666 | Upside: 35%
Emkay has initiated a “Buy” rating on GHCL with a target price of Rs 900, indicating a potential upside of 35% from its current market price of Rs 666.
The stock is positioned as a cyclical bottom play, with significant potential for multiple re-ratings as the Soda Ash cycle reaches its bottom and global operating rates peak.
GHCL is ex
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