A few dips does not change future; maintain BUY
Coal India reported a production of 46.1 MT in August 2024, a 12% YoY decline due to extended monsoon rains, especially in key coal-producing states like Odisha, Jharkhand, and West Bengal. Global coal prices have corrected significantly, driven by oversupply in China, leading to the consolidation of Indonesian coal (5,900 GAR) prices around USD 92-96/t, and Coal India’s e-auction prices too remain range-bound INR 2,300-2,500/t. With a ...
Buy Coal India Ltd For Target Rs. 601 By JM Financial Services
View and valuation:
BDL is inline with capability building to carter future growth. We expect order execution to pick up from FY25 onwards led by various order execution such as in the near term, the company expects execution of program such as Astra Mk-1, SAAW, ULPGM, Drone fired Bombs, SPIKE-ER, 70MM LGR orders by FY25 and QRSAM, NAG ATGM, Advanced Torpedo, MIGM, GRAD Rockets by FY26. Post that the company expects Akash-NG, VLRSAM, MPATGM, Heavy weight Torpedo, AMOGHA-III ATGM, MISTRAL, ...
Buy Bharat Dynamics Ltd For Target Rs.1501 By Choice Broking Ltd
View and valuation:
BDL is inline with capability building to carter future growth. We expect order execution to pick up from FY25 onwards led by various order execution such as in the near term, the company expects execution of program such as Astra Mk-1, SAAW, ULPGM, Drone fired Bombs, SPIKE-ER, 70MM LGR orders by FY25 and QRSAM, NAG ATGM, Advanced Torpedo, MIGM, GRAD Rockets by FY26. Post that the company expects Akash-NG, VLRSAM, MPATGM, Heavy weight Torpedo, AMOGHA-III ATGM, MISTRAL, ...
Reduce Bharat Dynamics Ltd For Target Rs.1501 By Choice Broking Ltd