SIS, HPCL and Heritage Foods, among others, being tracked by analysts on Tuesday.
The brokerage house expects 44 percent EPS CAGR over FY17-20. Further, it sees revenue CAGR of 21% & margin expansion of 160 bps over FY17-20.
Citi said that short-term sentiment for the firm could turn bullish. Further, it remains upbeat on Q3 with Singapore GRMs holding well. The company could get a boost from Bhatinda refinery expansion completion.
CLSA said that strategy change was driving Africa improvements & profits. Further, the company has started registering profits in Africa since Q4, which marks a turnaround. It sees growth In India & Africa driving a 9x jump in consolidated PAT by FY21.
The brokerage house said that any revival in real estate would aid growth for the company. Further, it expects the companyâ€™s earnings to double over FY17-20.
The brokerage house expects EBITDA to jump 2.3x & RoCE to 19% over FY17-20. Further, it sees revenue and profit CAGR of 14 and 49 percent, respectively, over FY17-20. An improving mix will spur earnings and return ratio.
Edelweiss said that the stock entails immense potential in the sector. Additionally, it sees sales and EBIT CAGR of 23% & 21% respectively Over FY17-20.
Edelweiss estimates sales, EBITDA & profit CAGR of 15%, 19% & 39%, respectively over FY17-20. B2C and value-added products will drive growth. The company is also seeing a rapid expansion of distribution network.