Suprajit Engineering

Axis Direct has a buy call on the stock of Suprajit Engineering. The company is India's largest manufacturer of automotive cables with a capacity of over 150 million cables a year.

"We believe the next leg of growth will be driven by (1) gain in global non-auto cables market; (2) increase in content supplied (CBS opportunity) in India; (3) market share gains in aftermarket.

Suprajit has consistently outperformed industry on revenue/EBITDA CAGR over the past decade, while maintaining RoCE at 30 per cent. With capacity in place, the company is well placed to capitalize on growth opportunities (insignificant capex over next 2 years). Reiterate BUY with target price of Rs 326 (20x FY20E EPS)," Axis Direct has said in its research report.

Cyient

SPA Research has a buy call on the stock of Cyient. The company is a leader in Engineering Services with presence in diverse sectors such as Aerospace, Communications, Railways, Semi conductors etc

"Cyient reported highest ever revenue supported by strong YoY double digit growth in 6 of the 8 segments. Management has maintained its FY18 outlook with double digit growth for the services business and operating margin improvement of 50bps YoY. Company also expects DLM to grow at 15% (year-on-year) vs. 20 per cent earlier.

Company plans to focus on development of new solutions with analytics, electronics and design led manufacturing to drive growth. We maintain hold rating with target price of Rs 598 (15x FY19E EPS) in the next 12-15 months" SPA Research has said in its report.

Cyient last closed at Rs 636. Check stock quote of Cyient here 

PI Industries

Motilal Oswal is bullish on the stock of PI industries and has recommended a buy rating on the stock. PI Industries is agri-sciences company with a business model across the AgChem value chain. . 

"With visible signs of a global agchem revival and GST issues now behind, we believe PI is well placed to leverage its strong order book and aid growth, with continuous commercialization of new products (3-4 products expected per year).

FY19 should start on a strong note, as revenues of the CSM business will spill over to H1FY19. We largely maintain our estimates and value the stock at 24x FY20E EPS, arriving at a price target of Rs 988, implying a 20 per cent upside. Maintain Buy," the firm has said.

Navkar Corporation

SPA Research is betting on the stock of Navkar Corporation with a price target of Rs 310. The shares of Navkar Corporation were last trading at Rs 169 on the NSE.

"With expanded capacity, Navkar is likely to continue to gain market share in JN Port region on the back of execution of higher cargo orders and entry into new sectors. FY18 is likely to be a transformational year for Navkar Corp and it is likely to move to higher earning trajectory as it would be the first full year of operations after COP of new capacities.

We expect container volumes, revenue and profit after tax to clock compounded annual growth rate of 17%, 29.8% and 47.6% respectively between FY17-19E. We maintain our BUY rating on the stock with a target price of Rs 310 based on 25x FY19E earnings," SPA Research has said in its report.

Phoenix Mills

Axis Direct has a buy call on the stock of Phoenix Mills, a large player in the real estate business. The company popularly runs the Phoenix Market City malls in Bengaluru, Mumbai, Pune and Chennai apart from being in the retail and hospitality business.

Long-term outlook: "Visibility on growth in remains strong driven by (1) Chennai Palladium (0.22 msf), (2) addition of Pune mall to its portfolio, and (3) CPPIB platform with capital commitments of Rs 14 bn to be deployed for growth. Development business can generate net cash flow of Rs 25-30 bn over next 5-6 years, which could be used to fund growth/ deleveraging. Maintain buy," Axis Direct.

Eveready Industries

Motilal Oswal is bullish on the stock of Eveready Industries. "The company is on track for not only de-risking the business model, but also recording faster growth over the next few years driven by higher growth in the appliances, lighting and newly planned confectionary segments.

We have cut EPS for FY18E by 15% to factor in higher ad spends, with FY19 and FY20 earnings largely unchanged. We value the stock at 22x FY20E EPS, and maintain Buy with a target price of Rs 458," the firm has said in its research report.

Sunteck Realty

ICICI Direct has a buy rating on the stock of Sunteck Realty, a leading real estate player.

"At the CMP, Sunteck Realty is trading at a valuation of 1.9x FY19E P/BV multiple. Considering the strong cash flow visibility from its completed projects, better leverage position (net D/E: 0.13x), its affordable housing foray and quality of the land bank, SRL is currently trading at attractive valuations. Furthermore, the growth capital raised through QIP would be used for generating stable rental portfolio and affordable housing segment. Consequently, we remain positive on SRL's future growth prospects. We continue to maintain our BUY recommendation on the stock with a target price of Rs 440 per share (1x FY19E NAV)," the research firm has stated in its report.

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