External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul><li>Nesco Ltd (Nesco) is in the business of development and management of commercial/IT-ITeS real estate, exhibition centre and foods business</li><li>Nesco has had a muted FY21 and H1FY22 but is looking towards recovery with improved occupancy at IT park and gradual pick-up in the exhibition business.</li><li>We maintain BUY rating on the stock. We value Nesco at Rs 770/share.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Nesco Ltd (Nesco) is in the business of development and management of commercial/IT-ITeS real estate, exhibition centre and foods businessNesco has had a muted FY21 and H1FY22 but is looking towards recovery with improved occupancy at IT park and gradual pick-up in the exhibition business.We maintain BUY rating on the stock. We value Nesco at Rs 770/share.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Binny Ltd. manufactures and markets a wide range of textile products. The Company's products include cotton, silk, man-made fibre, blended fabrics, and woollen blended fabrics like cotswool. The Company also manufactures Angola for Defence Services and provides travel services as well as markets engineering products.

J. Kumar Infraprojects Limited operates as a civil engineering and infrastructure development company. The Company focuses on the development of roads, flyovers, bridges, railway buildings, sports complexes and airport runways. J. Kumar also undertakes foundation work using hydraulic piling for major projects.

Transport Corporation of India Limited provides integrated cargo transportation and logistics services. The Company provides handling of heavy-duty cargo through surface movement, door-to-door distribution for time committed cargo, and coastal shipping. The Company moves a variety of products, including raw materials, industrial products, pharmaceuticals, and agricultural products.

Man Infraconstruction Limited is a construction company. The Company's services include port infrastructure, residential, industrial, and commercial construction services.

Technocraft Industries India Ltd. manufactures construction equipment and apparel.  The Company produces drum closures, pipe, scaffolding, fence panels, yarns, and men's T-shirts.

Ashoka Buildcon Ltd. is a construction company. The Company builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. Ashoka also engineers and designs, procures the raw materials and equipment for and constructs roads, bridges, commercial buildings, industrial buildings and institutional buildings, and collects tolls on roads and bridges.

Kennametal India Ltd. manufactures hard metal and hard metal products, including tungsten carbide products.  The Company also manufactures mining tools, special purpose machines and accessories, and jigs and fixtures.

Sterlite Technologies Limited, created via a spin-off of the telecom business of Sterlite Industries, provides optical fiber, cable and jelly filled telecom cable products.

Allcargo Logistics Limited is a full service logistics company. The Company offers specialized logistics services across multimodal transport operations, container freight station operations and project and engineering solutions.

Ion Exchange (India) Ltd manufactures and distributes water treatment equipment and products, which are used for a variety of treatment and conservation applications.  The Group's products include water treatment chemicals, exchange resins, ultra filtration and nano-filtration membranes. Ion also supplies bottled water, eco-friendly horticulture and total water management services.

Ningbo Fuda Co., Ltd. manufactures vacuum cleaners, vapor exhaust fans, and other small home appliances.  The Company also produces and sells cement, invests in the real estate, and supplies tap water and electricity.

Kinh Bac City Development Share Holding Corporation operates in the construction and development 
industry. The Company constructs and trades in infrastructure of urban, commercial, and industrial 
areas. Kinh Bac also invests in real estate and manages the maintenance of infrastructure and 
construction of properties.

Kinh Bac City Development Share Holding (KBC VN)

Hainan Expressway Co., Ltd. constructs and maintains expressways in Hainan Province.  The Company also trades a variety of general merchandise, provides passenger and cargo transportation service, and invests in real estate business.

Everbright Jiabao Co., Ltd. is an investment holding company.  Through its subsidiaries, the Company manufactures capacitors, electricity generators, and light bulb products, operates in commercial trading, as well as develops residential real estate.

Metro Land Corp Ltd operates department stores. Through its subsidiaries,  the Company also operates in import/export and property leasing businesses.

CityChamp Dartong Co., Ltd. manufactures and sells a wide range of wire products, including enameled wires and aluminum strand wires.

Shanghai Ya Tong Co., Ltd., through its subsidiaries, provides inland water and coastal transportation for freight and passengers.  The Company also provides taxi and advertising services as well as operates agricultural businesses.

HCK Capital Group Berhad is an investment holding company. The Company, through its subsidiaries designs and constructs plant equipment for food manufacturing and related industrial products, HCK also provides engineering consultancy, project management, and related maintenance.

Ecofirst Consolidated Berhad is an investment holding company.  The company, through its subsidiaries, cultivates oil palm, provides agricultural advisory service and operates timber concessions. Ecofirst Consolidated also develops and invests in properties.

Magna Prima Berhad, through its subsidiaries, provides services in civil engineering, infrastructures, building works, rock crushing, earthworks, and drainage works.  The Company subcontracts quarrying operations and renders professional turnkey services.  Magna Prima also operates in property development and building construction.

Nesco Ltd. is a diversified company involved in manufacturing and engineering products for railways and forging,  realty development, and runs an exhibition center.

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Nesco Ltd (NSE IN)

Nesco Limited: On Course for Recovery

Nesco Ltd (Nesco) is in the business of development and management of commercial/IT-ITeS real estate, exhibition centre and foods business

ICICI Securities Limited

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