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Motilal Oswal The Indian Express Group

Motilal Oswal-

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Financial Express
  • Upgrade JSPL to ‘neutral’ on valuations

    Thursday 13 Jun '13We upgrade Jindal Steel and Power (JSPL) to ‘neutral’ based on valuations.
  • Buy Britannia shares on favourable quarterly result, target price at Rs 700: Motilal Oswal

    Wednesday 29 May '13We upgrade Britannia shares to 'buy' and raise FY14, FY15 earnings estimates ~11%: Motilal Oswal
  • Divis Laboratories: Wait until dawn

    Monday 27 May '13For Q4FY13, Divis Labs reported an 8% year-on-year decline in revenues to R6.5 billion (vs est. of R8.1bn).
  • Maintain ‘buy’ on Sun TV, target R505

    Tuesday 21 May '13Sun TV Network is the leader in the south India market with a strong network of channels. The south market constitutes 70% of the regional advertising market.
  • ‘Neutral’ on Nestle as Q1 results below expectations

    Friday 17 May '13We maintain our ‘neutral’ rating on Nestle India and assign a target price of Rs4,900 per share. At the current market price, the stock trades at 35.6x and 29.3x CY13e and CY14e earnings, respectively.
  • Weak trend in realisation

    Monday 13 May '13We maintain ‘Buy’ on Grasim Industries with a target price of Rs3,747.
  • A strong digitisation play

    Monday 25 Jun '12We met the management of Zee Entertainment Enterprises (ZEE) for an update on the business trends and outlook.
  • Buy rating on Havells, target price Rs. 614

    Tuesday 05 Jun '12Havells India's standalone revenues grew 25%, approximately 21% after adjusting for the amalgamation of Standard Electricals.
  • Coal realisations down

    Monday 28 May '12Key investment arguments: Equity funding requirement for entire 3 GW (giga watt) of projects under construction is largely met. Returns on these projects are capped and thus provide limited upside.
  • Pricing pressure may eat into BHEL’s profit

    Saturday 26 May '12For FY12, BHEL posted revenue of R49,500 crore (up 20%), adjusted Ebitda of R9700 crore (up 21%) and adjusted net profit of R6,900 crore (up 21%). The reported numbers are largely in line with the provisional numbers.
  • Building on strength

    Monday 14 May '12HDFC reported PAT (profit after tax) at R13.3bn (vs est of R12.3bn) led by better than expected margin performance (net operating income 11% above estimate.) Business growth remained healthy and asset quality impeccable.
  • Subscribe to Tribhovandas Bhimji Zaveri IPO as valuations attractive

    Thursday 26 Apr '12Tribhovandas Bhimji Zaveri, a 148-year-old company, boasts of some marquee brands and is in the process of transforming itself into a national retailer.
  • Tech Mahindra neutral; target price up to R734

    Friday 23 Mar '12Tech Mahindra and Mahindra Satyam have been approved for merger at a swap ratio of 2:17.
  • Financials, metals & capital goods can give long-term gains

    Thursday 27 Oct '11In Diwali 2010, Indian markets were in a euphoric mood. The Sensex was at a new high of 21,000 points and the Sensex P/E was at 25% premium to the 15-year average, with foreign institutional investment at an all-time high of $29 billion for calendar year 2010.
  • Havells stock rating: Buy

    Monday 13 Jun '11Havells’ standalone revenue of R840 crore and profit after tax of R69 crore were slightly higher than our estimates.
  • Concerns remain over Opto

    Saturday 21 May '11Opto Circuits reported 62.8% y-o-y growth in revenue at R544crore. EBITDA grew 7.3% y-o-y to R119crore; EBITDA margin contracted by 1,130bps to 21.9%. Adjusted PAT grew 57.6% y-o-y to R110crore, boosted by other income of R18.8crore.
  • GAIL stock downgraded, target price cut

    Friday 28 Jan '11Motilal Oswal has cut FY13 EPS estimates for GAIL by 9% to factor cut in the transmission volumes.
  • Motilal puts 'Buy' on Shree Renuka stock

    Wednesday 15 Dec '10Shree Renuka is the only sugar/ethanol producer in the world with almost a yr-long activity.
  • Dented by coal

    Monday 08 Nov '10Nalco’s Q2FY11 profit after tax went up 41% YoY to Rs 2.2 bn, below our estimates of Rs 3.3 bn due to lower-than-expected alumina reali- sations and higher-than-expected power and fuel costs due to seasonal reasons.

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