Patakha stock picks! ICICI Bank, BEL, 6 other stocks with 62% to buy this Samvat 2023. See full list

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, semiconductor and industrial segments, along with increasing aftermarket traction, supports the company's growth visibility.