The brokerage revises its target price to Rs. 857 (from Rs.1,025), factoring lower volumes and margins, but upgrades to BUY rating due to lower valuation.

Vinati Organics, incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 18323.47 Crore) operating in Chemicals sector.

Promoters held 58.77 per cent stake in the company as of 31-Dec-2022, while FIIs owned 9.33 per cent, DIIs 15.84 per cent.

Promoters held 37.34 per cent stake in the company as of 31-Dec-2022, while FIIs owned 22.88 per cent, DIIs 17.03 per cent.

Promoters held 68.18 per cent stake in the company as of 31-Dec-2022, while FIIs owned 5.32 per cent, DIIs 12.77 per cent.

Promoters held 62.21 per cent stake in the company as of 31-Dec-2022, while FIIs owned 12.83 per cent, DIIs 15.85 per cent.

The brokerage maintains BUY on reasonable valuation and steady growth visibility in the gas transmission business given the government’s target to increase the share of gas in India’s energy mix to ~15% by 2030 (vs. ~6.5% currently).

The brokerage believes that the company is on track to meet its FY23 guidance of revenues growing 100% YoY to Rs8.0bn at an EBITDA margin of 50%.

Dr. Reddy's Laboratories, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 74692.51 Crore) operating in Pharmaceuticals sector.

United Spirits, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 56975.74 Crore) operating in Beverages - Alcoholic sector.

Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10093.26 Crore) operating in NBFC sector.

Promoters held 63.97 per cent stake in the company as of 31-Dec-2022, while FIIs owned 9.97 per cent, DIIs 17.57 per cent.

The stock has given a breakout above 50 EMA.

The brokerage maintains a Buy on Thermax with an unchanged PT of Rs. 2,790, valuing the stock on its September 2024E EPS given multiple growth levers, healthy working capital cycle and balance sheet.

Supreme Industries, incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 32656.70 Crore) operating in Plastics sector.

Can Fin Homes, incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 7220.95 Crore) operating in NBFC sector.

Clean Science & Technology, incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 14473.27 Crore) operating in Chemicals sector.

Promoters held 35.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 30.07 per cent, DIIs 11.57 per cent.

Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 57252.44 Crore) operating in Metals - Ferrous sector.

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 467114.18 Crore).