PL Capital has issued positive outlooks on equities including Delhivery, which holds a Buy rating with a target price of Rs 541 based on an expected 18% sales CAGR over three years. Ingersoll Rand India has also received a favorable target price of Rs 5,029, reflecting an anticipated 28% upside driven by industrial compressor demand and expanding aftermarket operations. Furthermore, a 50% capacity expansion at Ingersoll Rand's Sanand facility is expected to boost volumes and operating leverage alongside core market growth.
Key points
Delhivery is expected to benefit from operational leverage with EBITDA margins reaching 6…: Delhivery is expected to benefit from operational leverage with EBITDA margins reaching 6.9 percent in FY27E and 9.4 percent in FY28E.
Broad domestic demand across power, semiconductor, and renewable sectors continues to sup…: Broad domestic demand across power, semiconductor, and renewable sectors continues to support growth for compressor manufacturing firms.
Capacity additions and aftermarket business expansions remain central drivers for industr…: Capacity additions and aftermarket business expansions remain central drivers for industrial volume growth and margin improvement.
Sources checked by our analysis pipeline: 1
PL Capital has set a target price of Rs 541 for Delhivery, implying an upside of 26% from current levels. With inflationary pressures being addressed and seasonality favouring its B2C and PTL businesses in the second half of FY27, the brokerage expects operating leverage benefits to play out during the period. Healthy volume growth is expected to drive an 18% sales CAGR over the next three years, with EBITDA margins projected at 6.9% in FY27E and 9.4% in FY28E. PL Capital has maintained its Buy rating with a target price of Rs 541, based on 30x September 2028E pre-Ind AS EBITDA.
Ingersoll-Rand: PL Capital has set a target price of Rs 5,029 for Ingersoll Rand India, implying an upside of 28% from current levels. The company is well positioned to capitalise on strong domestic demand for compressors, backed by its leadership in centrifugal, air treatment and oil-free rotary compressors. The around 50% capacity expansion at its Sanand facility is expected to serve as a key growth catalyst through higher volumes and operating leverage. Strong demand from the power, renewable energy,…
Indian bourses are preparing to open on a national holiday, offering market participants an auspicious window to take fresh equity and commodity positions. The scheduled activity precedes an upcoming holiday closure planned for the following Tuesday to observe Diwali-Balipratipada.
A sharp retreat in precious metals has emerged as anticipated Federal Reserve tightening, elevated crude oil prices, and the Iran conflict weigh heavily on investor sentiment. Despite this pullback, robust institutional buying and long-term price appreciation continue to underpin the broader market structure. Prospective buyers must weigh current technical resistance against macroeconomic catalysts before committing capital.
Major asset managers linked to UniCredit and Erste Group have curbed withdrawals as depositors seek better yields outside property. The exodus highlights systemic vulnerabilities stemming from offering daily liquidity on illiquid assets amid rising European Central Bank interest rates. The turmoil threatens an Austrian commercial market already weakened by the collapse of Rene Benko's empire.