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

Ventura Securities

External broker reports(aggregated public sources)

Ventura Securities Ltd

Ventura Securities Ltd. (Ventura) commenced operations in 1994 as a stock broking house. Over the past two decades, we have grown into a group of companies that provides a complete array of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Jana Small Finance Bank / Equity Bottom-Up

<ul><li>Jana Small Finance Bank (JSFB), the fourth-largest Small Finance Bank in India, is strategically pivoting its portfolio towards secured lending products, while systematically decreasing its exposure to microlending.</li><li>In FY2023-24, JSFB declared its highest ever profit of INR 670 crore along with significant improvement in assets quality.</li><li>Going forward we expect the high growth trajectory to be retained.</li></ul>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.

Jana Small Finance Bank (JSFB), the fourth-largest Small Finance Bank in India, is strategically pivoting its portfolio towards secured lending products, while systematically decreasing its exposure to microlending.In FY2023-24, JSFB declared its highest ever profit of INR 670 crore along with significant improvement in assets quality.Going forward we expect the high growth trajectory to be retained.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.

Jana Small Finance Bank - Empowering Growth Through Inclusive Financing

IRB Infrastructure Developers / Equity Bottom-Up

IRB Infrastructure Developers Limited is an infrastructure development and construction company in India with significant experience in the roads and highways sector.  The Company is also involved in the real estate development sector.

<ul><li>Ventura Securities report onIRB Infrastructure Developers Since our past reportson IRB Infrastructure Developers Ltd (IRB) on Oct 14, 2022 (at a price of INR 22 with a TP of INR 73) and Nov 6, 2023 (at a price of INR 35 with a TP of INR 94), the stock rallied to its peak price of INR 72 on Feb 5, 2024, before declining to the CMP of INR 59.</li><li>We are of the opinion that this downturn is solely a result of the broader market correction affecting midcap stocks, and IRB possesses considerable growth potential stemming from its increased number of free cash flow generating projects.</li><li>Our conviction in the growth story is further emboldened by the fact that Cintra (an affiliate of Ferrovial) is looking to acquire a shareholding of 24% in IRB Infrastructure Trust (IRBTrust) from GIC.</li></ul>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.

Ventura Securities report onIRB Infrastructure Developers Since our past reportson IRB Infrastructure Developers Ltd (IRB) on Oct 14, 2022 (at a price of INR 22 with a TP of INR 73) and Nov 6, 2023 (at a price of INR 35 with a TP of INR 94), the stock rallied to its peak price of INR 72 on Feb 5, 2024, before declining to the CMP of INR 59.We are of the opinion that this downturn is solely a result of the broader market correction affecting midcap stocks, and IRB possesses considerable growth potential stemming from its increased number of free cash flow generating projects.Our conviction in the growth story is further emboldened by the fact that Cintra (an affiliate of Ferrovial) is looking to acquire a shareholding of 24% in IRB Infrastructure Trust (IRBTrust) from GIC.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.

IRB Infrastructure Developers Ltd - Constructing with a Profitable Growth

UFO Moviez India Limited operates as a digital cinema distribution network and in-cinema advertising platform. The Company provides satellite delivered digital cinema network and online ticketing systems. UFO Moviez India serves customers worldwide.

<ul><li>Ventura Securities report onUFO Moviez India Since our initiating coverage on UFO Moviez India Ltd (UMIL) the stock had touched ~INR 174 (from initiation price of 112) and is currently ~19% up from initiation price.</li><li>Despite the rally we believe that there is still significant upside potential that warrants a relook.</li><li>Outlook We re-initiate with a BUY coverage for a price target of INR 214 per share (22x FY27E net earnings) representing an upside of 61% upside from the CMP of INR 133. </li></ul>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.

Ventura Securities report onUFO Moviez India Since our initiating coverage on UFO Moviez India Ltd (UMIL) the stock had touched ~INR 174 (from initiation price of 112) and is currently ~19% up from initiation price.Despite the rally we believe that there is still significant upside potential that warrants a relook.Outlook We re-initiate with a BUY coverage for a price target of INR 214 per share (22x FY27E net earnings) representing an upside of 61% upside from the CMP of INR 133. 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.

UFO Moviez India Limited - Immersive Entertainment, Beyond Boundaries.

Krishna Ventures Limited provides residential and commercial construction services. The Company engages in construction and the provision of consultancy services in the real estate sector. Krishna Ventures serves customers in India.

IPO NOTE<div class="content-highlight">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.</div>

IPO NOTEContent 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.

KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD

Ventura Securities Ltd. (Ventura) commenced operations in 1994 as a stock broking house. Over the past two decades, we have grown into a group of companies that provides a complete array of financial products and services.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.