Recommendation from Information Technology (IT) and Real Estate
R@hul Potu / 23 Jan 2025/ Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Hot Chips, Hot Chips, Recommendations
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.[EasyDNNnews:PaidContentStart]
L&T TECHNOLOGY SERVICES LTD
CMP - ₹5,377.40
BSE CODE 540115
Volume 2,361
Face Value ₹2
Target ₹5,813 - ₹5,920
Stoploss ₹5,005 (CLS)
L&T Technology Services (LTTS) is a leading global engineering and R&D services company. It offers solutions across diverse industries such as automotive, aerospace, industrial products, and healthcare. The company leverages cutting-edge technologies to deliver impactful results and accelerate clients' growth. When assessing the financial performance, there was a notable revenue growth of around 10 per cent, surging from ₹2,421.80 crore in Q3FY24 to a total revenue of ₹2,653 crore in Q3FY25. The net profit, on the other hand, experienced a slight year-on-year decline. For FY25, the company has projected nearly 10 per cent revenue growth in constant currency, factoring in contributions from Intelliswift. The company also reaffirmed its mediumterm goal of achieving USD 2 billion in revenue, with an EBIT margin target of 17-18 per cent. Shares have climbed over 12 per cent in the past five trading sessions following these announcements. With promising upside potential and robust growth guidance, we recommend BUY.
RDB Realty & Infrastructure Ltd
CMP - ₹546.65
BSE CODE 533285
Volume 20,354
Face Value ₹10
Target ₹589 - ₹600
Stoploss ₹506 (CLS)
RDB Realty & Infrastructure Ltd is a diversified infrastructure development company engaged in real estate, power, and infrastructure projects. It specialises in delivering residential, commercial, and industrial construction solutions. In Q2FY25, the company showcased outstanding performance, achieving a 113 per cent growth in total revenue to ₹32.49 crore, while net profit soared 111 per cent year-on-year to ₹1.70 crore. In December, the Board of Directors of the company approved a stock split, dividing 1 equity share with a face value of ₹10 into 10 equity shares with a face value of Re 1 each, fully paid up, subject to the approval of the company's members. The company recently secured two major contracts for grid-connected rooftop solar PV plants. This achievement has fuelled strong investor interest, with shares gaining 8 per cent in the last five trading sessions and delivering an impressive 550 per cent return over the past year. Considering the further upside potential, we recommend BUY.
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