IIFL Securities Stock Market Watch Today: Buy Epl - July 02

IIFL Securities recommends a buy call on Eicher Polaris and Private Limited (EPL) with a target price of Rs 238, indicating an upside potential of approximately 13% from the current market price of Rs 210. The positive outlook is supported by the company's strong product portfolio, focus on rural markets, and increasing demand for off-road vehicles. The stock has been consolidating in a range for the past few months, and IIFL Securities believes a breakout above Rs 215 could lead to further gains towards the target price.

About Epl:

EPL Limited (formerly Excel Project Limited) is an India-based digital technology solutions and services provider. The company offers a range of services, including digital transformation, technology consulting, product engineering, and managed services. EPL has a presence in India, the United States, the United Kingdom, and Japan, and caters to a diverse clientele across multiple industry verticals. The company's expertise lies in developing and deploying innovative digital solutions that help businesses enhance operational efficiency, improve customer experiences, and drive growth.

52 Week Price Trend:

EPL's current market price (CMP) of Rs 210.52 falls within its 52-week price range of Rs 151.95 to Rs 236.15. This represents a 36.23% increase from its lowest point and a 10.86% decrease from its highest point over the past year. While the stock has witnessed significant growth, it is currently trading below its 52-week high, indicating a potential opportunity for investors seeking value and growth. However, it's important to conduct thorough research and assess the company's financial performance, industry outlook, and overall market conditions before making any investment decisions.

Stratzy's MOST Analysis:

Stratzy's MOST framework has assigned a BB rating to EPL, indicating medium fundamental risks. This rating considers the company's management, outlook, safety, and trend. The BB rating suggests that EPL has some areas of concern, but overall presents a balanced risk profile. It implies that the company's management team is competent, the industry outlook is stable, the company's financial health is sound, and its performance has shown positive trends. However, investors should be aware of potential risks associated with the company's industry or specific operations.

Company's Fundamentals:

EPL (NSE:EPL) trades at a Stock PE of 21.96, indicating that investors are willing to pay 21.96 times the company's earnings per share for its stock. The PB Ratio of 3.01 suggests that investors are paying 3.01 times the book value of the company's assets per share. The Dividend Yield of 2.26% implies that investors are receiving a 2.26% annual return on their investment in the form of dividends.

Fundamental and Technical information provided in this blog were last updated on 02 Jul, 2024

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