Buy 5paisa Capital; target of Rs 530: ICICI Direct

Asia's Tech News Daily

5paisa Capital, #Buy, #ICICI Direct, #Recommendations, click here

ICICI Direct’s research report on 5paisa Capital

Paisa is a leading discount stock broker backed by the Nirmal Jain led IIFL group. Aggressive client accretion with ~84% of incremental client from Tier II & below cities and ~78% of customers below 35 years of age The company has retail cash market share of 3.6% as of September 2021

Outlook

Being a new age fintech broker, we retain our BUY rating on the stock. We value 5 Paisa at ~38x P/E on FY23E EPS to arrive at revised target price of Rs 530 per share.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Tata Power, IIT Madras ink MoU to collaborate on R&D, training, tech solutions

Image: Shutterstock Tata Power and IIT Madras have inked pact to collaborate on R&D, consultancy, advocacy, training and technology solutions. According to a statement, the two organisations have signed a ... Read more »

Most of India's $1.1 trillion growth in next 11-year can come from yet to be invented digital businesses: Report

Most of India’s USD 1.1 trillion in total economic growth in the next 11 years can come from ancillary digital asset-related businesses that are yet to be invented, according to ... Read more »

CBS: people less satisfied with their living environment in 2020

Photo: ANP Last year people were less satisfied with their living environment than the year before. This is because the distance to facilities such as primary schools, cafes and sports ... Read more »

Omicron: Arvind Kejriwal urged people not to panic and follow COVID-19 appropriate behaviour

This is Kejriwal’s second visit to Punjab this month. (Image : ANI) Chief Minister Arvind Kejriwal on Monday urged people not to panic in the wake of detection of Omicron ... Read more »

Neutral Siemens; target of Rs 2065: Motilal Oswal

Motilal Oswal’s research report on Siemens After the brief resumption of execution over 1HFY21, the second COVID wave once again disrupted the end markets. While capex in the Automobile sector ... Read more »

Buy ICICI Bank; target of Rs 1000: Motilal Oswal

Motilal Oswal’s research report on ICICI Bank We attended ICICIBC analyst day, where the management highlighted how the strengthening of its digital capabilities is helping transform the bank and increase ... Read more »

Next pandemic could be more lethal than COVID-19: Vaccine creator

India has now reported 21 cases of the Omicron variant, 17 of which were reported on the same day of December 5. [Representative image] Future pandemics could be even more ... Read more »

Buy Ratnamani Metals and Tube: target of Rs 2500: Sharekhan

Sharekhan’s research report on Ratnamani Metals and Tube New order bookings grew by 2.3x y-o-y to Rs. 2,700 crore during April-Nov’21 and management sees monthly order execution of Rs. 250-300 ... Read more »

Lego, Target collaborate for limited-edition merchandise collection

Photo by: Target Press Release Lego and Target finally released colorful items for their “Lego Collection x Target” limited edition merchandise. The collaboration was first announced in October, but the ... Read more »

Moneycontrol Pro Panorama | Mr Market stares at a treacherous terrain

Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by ... Read more »

Didi Chuxing sued by American shareholders over stock plunge caused by Chinese regulatory changes, data-collection inquiry

Didi Chuxing is facing a new problem: angry American shareholders. The operator of China’s dominant ride-hailing app is facing at least two lawsuits filed in courts in New York and ... Read more »

China's regulators suspect Didi's US listing was ‘deliberate act of deceit', a portrayal that shows severity of mistrust, sources say

China’s government regulators suspect the initial public offering by Didi Chuxing in New York on June 30 was a deliberate act of deceit, a characterisation that underscores the severity of the fundraising ... Read more »

Elliott wave pattern indicates Nifty to remain in broad range of 16,950-17,400

Ashish Kyal is Founder of WavesStrategy.com and Ashish Kyal Trading Gurukul Nifty Volume Profile with Elliott Wave For Accurate Forecasting! The Nifty has continued to be ‘Sell On Rise’ that ... Read more »

Buy Can Fin Homes: target of Rs 712: Sharekhan

“India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries ... Read more »

Buy Ultratech Cement; target of Rs 8970: Hem Securities

Hem Securities report on Ultratech Cement Consolidated volumes rose 8% YoY to 21.64mt with India volumes up 8% YoY. EBITDA for Q2FY22 stood at ₹2,714.7 Cr, up 0.63% YoY and ... Read more »

Buy Eris Lifesciences; target of Rs 954: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Eris Lifesciences Eris Lifesciences (ERIS) announced its entry into India’s Insulin and GLP1 agonists market through JV with MJ Biopharm. The 70:30 Joint Venture (with ... Read more »

‘The app is a copycat': Meesho's Vidit Aatrey on competition from Flipkart and Amazon, evolution of social commerce and more

Vidit Aatrey, Founder & CEO, Meesho Meesho is emerging as a dark horse in the cutthroat e-commerce wars in India, which was so far dominated by Amazon and Flipkart. SoftBank-backed Meesho ... Read more »

Inox Wind's subsidiary to raise Rs 500 crore through IPO

Inox Wind subsidiary Inox Green Energy Services will raise funds through an initial public offering (IPO) of up to Rs 500 crore, the company said in an exchange filing on December ... Read more »

Buy ICICI Bank; target of Rs 950: Emkay Global Financial

Emkay Global Financial’s report on ICICI Bank ICICI Bank is focusing on hyper-personalized digital offerings – be it retail, SME or corporate – to improve customer experience and thus capture ... Read more »

Tech talent most in demand as Singapore hiring picks up in 2022: Surveys

SINGAPORE (THE BUSINESS TIMES) – As Singapore hiring activity picks up in 2022 and workers look to switch jobs, tech talent will be particularly in demand, according to two surveys ... Read more »

Online seminar: this is how you can regain success at the fair after a great year

With the fantastic stock market year almost over, it is high time to look at the opportunities for 2022. We have seen major differences in returns between the various stocks ... Read more »

Toyota Kirloskar Motor partners with Karnataka Bank for financing solutions

Toyota Kirloskar Motor (TKM) on Monday said it has partnered with Karnataka Bank to finance its vehicles across cities and towns in India. The company has signed a memorandum of ... Read more »

Costs and shortages hit growth outlook and Omicron could add further risk - CBI

Britain's economic recovery is forecast to remain "pretty firm" though prospects have been dampened by the emergence of "short-term headwinds" according to a new forecast from the business group. Read more »

Day 9 of 27: Plenty of chances to WIN R300 daily in our Advent QUIZ!

© Provided by The South African It’s beginning to feel like Christmas! It’s time to celebrate and The South African is giving its loyal readers 300 reasons to smile this ... Read more »

LG Electronics scores win against Tinno Mobile over patent case

Photo by: LG Press Release LG Electronics officially pulled out its mobile phone business this year, and now it is running after companies that it believes violated its patent rights. ... Read more »

Attention for Intertrust on Damrak after CSC takeover bid

Photo: ANP On Monday, attention will be focused on Intertrust at the Amsterdam stock exchange. The financial services provider has agreed to a takeover offer of 20 euros per share ... Read more »

AFSPA should be repealed: Meghalaya CM Conrad K Sangma

Meghalaya Chief Minister Conrad K Sangma on Monday said that the Armed Forces (Special Power) Act, 1958 should be repealed as he joined the growing chorus for withdrawal of the ... Read more »

Tax authorities fill in deductible items with tax assessment themselves

Photo: ANP Many Dutch people will receive a provisional assessment for next year in the coming weeks. A new feature is that the tax authorities automatically fill in the deductible ... Read more »

Honda issues recall for 725,000 SUVs and trucks in the US

Photo by: emrecan arık/Unsplash Honda recalls around 725,000 units of vehicles after the discovery of an issue with the hoods. It was reported that the mentioned car part could pop ... Read more »

Delhi govt to organise international level stage play on life of BR Ambedkar: Arvind Kejriwal

File image of Delhi Chief Minister Arvind Kejriwal (Image: ANI) The Delhi government will hold an international level stage play based on the life of Babasaheb BR Ambedkar at the ... Read more »

Financial intermediaries must be kept in check to avoid a repeat of the 2020 turmoil

Investment funds and asset managers are playing an ever more crucial role in the financial system. They provide funding in areas that traditional banks do not cover, manage and share ... Read more »

Banking Central | Battling with inflation, MPC sees Omicron as new cause for concern

The bi-monthly review of the Monetary Policy Committee (MPC), the outcome of which will be announced on December 8, will likely be a quiet affair. The general consensus among economists ... Read more »

Intertrust comes into the hands of industry peer CSC

Last month, Intertrust announced that it had been approached by several parties about an acquisition. Investor CVC Capital Partners was willing to pay 18 euros per share. But exclusive talks ... Read more »

Inox Wind shares rise 5% as subsidiary looks to raise up to Rs 500 crore via IPO

Inox Wind’s share price added 5 percent to hit Rs 154.15 intraday on December 6 as its subsidiary is looking to raise up to Rs 500 crore by way of ... Read more »

Most Bought smallcases for November 2021

The year 2021 is slowly drawing to an end. With approximately 20 days or more for 2021 to wrap up, we take a step back to look at the Most ... Read more »

Hainan hosts first China Sporting Goods and Equipment Import Expo

The exhibition was attended by representatives of more than 300 companies from both China and other countries and regions of the world Read more »

Sanya city concludes its 25th Hainan International Wedding Festival

It was held on November 28-30 in the city's Tianya Haijiao coastal park Read more »

India's airlines add more non-stop flights to their networks as air traffic nears pre-pandemic levels 

Representative Image The domestic aviation market in India is now close to pre-pandemic levels. As of December 5, India recorded 30 consecutive days of domestic passenger numbers being over 300,000, ... Read more »

India-Russia partnership steady & strong: Jaishankar

The India-Russia partnership is unique and has remained remarkably steady and strong in a world of rapid geopolitical changes, External Affairs Minister S Jaishankar said. The India-Russia partnership is unique ... Read more »

Japan's Kirin seeks arbitration to help end Myanmar venture

BANGKOK — Japanese beverage giant Kirin Holdings said Monday it is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar. The company said it filed ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic