Inventory market suggestions: In line with Motilal Oswal Monetary Providers Ltd, the highest inventory picks for the week (beginning February 24, 2025) are Hindalco and UltraTech. Let’s have a look:
Hindalco
HNDL’s 3QFY25 posted in line consl. outcomes with ebidta/APAT up 29%/61% YoY, pushed by favorable pricing & decrease enter prices, offsetting Novelis weak outcomes. Novelis 4Q is predicted to recuperate, led by greater vol. & higher pricing/product combine. Indian FRP (flat rolled merchandise) market is estimated to develop by ~20% in FY25, led by development in packaging & cons. durables. It foresees 4% development in aluminum FRP as international beverage packaging demand stays robust. Ongoing capex in Novelis will set up HNDL as the worldwide chief within the beverage cans & automotive FRP seg. With robust home operations & growth in key segments, HNDL is well-positioned for wholesome earnings development in FY26/27E.
UltraTech
UltraTech maintains trade management with capability CAGR of 10% (FY15-24 vs. ind. avg 5%) & excessive utilization fee (76% vs ind. avg. 67%). Dom. gray capability anticipated to succeed in 209.3mtpa by FY27, including 43.6mtpa (75% natural add. & 25% inorganic). Cement demand is recovering post-festive season, with ind. vol. anticipated to develop 4% YoY in FY25, implying 7-8% development in This autumn. This development is pushed by pent-up demand, rebound in govt. spending, strong demand in actual property & housing sectors. It’s anticipated to learn from its rising scale of operations, cost-saving methods, low capex value, and powerful money circulation era. We estimate consol. income/EBITDA/PAT CAGR at 17%/28%/32% over FY25-27.
Disclaimer: The opinions, analyses and proposals expressed herein are these of brokerage and don’t replicate the views of The Instances of India. All the time seek the advice of with a professional funding advisor or monetary planner earlier than making any funding selections.
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