Ambit Capital

Articles By Ambit Capital

34 Articles

ITC share price rating is ‘buy’ as cigarette volumes grow

ITC’s Q4FY16 cigarette volume growth of ~0.5% y-o-y was in line with our estimate but significantly ahead of consensus estimate of de-growth of 2-4% y-o-y.

Sensex crashes over 500 points today after strikes against Pakistan, how investors reacted during Kargil War News

Sell rating on GSK Consumer; Result belies expectations

Though EPS estimates for FY17/18 are down 8/9% given higher excise duty, sales could accelerate to 15% CAGR over FY16/20e

Sell rating on GSK Consumer; Result belies expectations

Kotak Mahindra Bank shares get a ‘SELL’ rating from Ambit Capital with a target price of Rs 510

While RoEs should improve from current levels, they are unlikely to cross 15% over the next two years and 16% beyond that

Kotak Mahindra Bank shares get a ‘SELL’ rating from Ambit Capital with a target price of Rs 510

Inox Wind target price at Rs 230

Madhya Pradesh Electricity Regulatory Commission has, as per media, cut feed-in tariff for wind projects to be commissioned from April 1, 2016 by 19% (Madhya Pradesh’s steepest cut). The tariff now, at Rs 4.78/unit, is sign

Inox Wind target price at Rs 230

Buy rating on Bajaj Electricals: ‘Consumer-pull’ model on track

Meeting with management reveals “consumer pull” model is firmly on track. Growth would be driven by multiple SKU launches, with a youthful bias, from FY17, backed by surge in R&D and A&M.

Buy rating on Bajaj Electricals: ‘Consumer-pull’ model on track

Buy rating on Tata Motors; JLR: Foot firmly on pedal

With a strong pipeline of launches and a favourable base kicking in from February 2016, China volumes are likely to grow by 26% in FY17

Buy rating on Tata Motors; JLR: Foot firmly on pedal

Sell rating on Bajaj Auto: Nothing to cheer about

Bajaj Auto’s 3QFY16 results were marginally better than our expectations due to higher-than-expected EBITDA margin (by 40bps).

Sell rating on Bajaj Auto: Nothing to cheer about

Buy rating on Hindustan Unilever; Volumes grow despite headwinds

HUL to gain the most from direct benefit transfer of rural subsidies in FY17

Buy rating on Hindustan Unilever; Volumes grow despite headwinds

Buy rating on Asian Paints: Maintaining 70 years of excellence

Asian Paints has taken various steps to further market share gains in paints

Buy rating on Asian Paints: Maintaining 70 years of excellence

Reiterate ‘buy’ on Coal India: Ambit

For Dec-15, CIL reported production/offtake growth of 10.8%/9.7% respectively, led by offtake growth of 21% by MCL and 11% by NCL.

Coal India bid News

Automobiles: 2 wheeler dealer checks—Back to reality

Most dealers are hopeful though of some revival in demand from mid-January onwards, driven by New Year sentiments and onset of the marriage season

Automobiles: 2 wheeler dealer checks—Back to reality

Sell rating on Wipro: Taking baby steps into BPaaS, the future of BPO

Despite some signs of improvement like an organisational change, the situation is likely to get worse for Wipro before it turns for the better

Sell rating on Wipro: Taking baby steps into BPaaS, the future of BPO

Earnings recession in India: Narendra Modi, Raghuram Rajan and technology changing the rules of the game

Earnings growth to remain muted in FY16 and FY17 though the economy’s prospects are good over the long term

Earnings recession in India: Narendra Modi, Raghuram Rajan and technology changing the rules of the game

‘Buy’ Sadbhav, 12-month price target Rs 375: Ambit Capital

Buy Sadbhav Engineering with a 12-month target of Rs 375 per share.

‘Buy’ Sadbhav, 12-month price target Rs 375: Ambit Capital

Sell Bata India as under- investment to impact earnings: Ambit Capital

Bata India, India’s largest footwear retailer, will face an existential crisis, as it cedes distribution equity to e-commerce...

BSE Sensex, NSE Nifty News

Buy rating on Coal India: The preferred stock in sector

CIL on track to achieve offtake volume growth estimate for FY16

Buy rating on Coal India: The preferred stock in sector

Buy Petronet at a target price of Rs 280: Ambit Capital

Buy Petronet LNG with a target price of R280 per share. Our target implies 2.9x FY17 P/B/ and 17x FY17 EPS; we build 20% EPS CAGR over FY15-FY18. The Kochi terminal (50% of gross assets, capacity of 5 mmtpa) remains underutil

Buy Petronet at a target price of Rs 280: Ambit Capital

Buy rating on Coal India: CIL revenues up by 4% at Rs 170 bn

Coal India's revenues were up on account of higher FSA and e-auction realisations and higher e-auction volumes

Buy rating on Coal India: CIL revenues up by 4% at Rs 170 bn

3 reasons why you could sell BHEL stocks

Bhel's revenue declined 3% y-o-y led by a 15% y-o-y decline in the industry business.

3 reasons why you could sell BHEL stocks

‘Sell’ BoI, target price at Rs 140: Ambit

Bank of India continued its disastrous streak in 2QFY16, with net loss of Rs 1,126 crore.

‘Sell’ BoI, target price at Rs 140: Ambit

Buy rating on ITC; Optimism proves spoiler

Cigarette net sales increased 2% y-o-y, and FMCG sales witnessed growth of only 7% y-o-y

ITC Q1 results shares News

Buy rating on Maruti Suzuki; Strong margin performance continues

Maruti retains focus on market share expansion through new product launches, distribution expansion and new retail formats

Buy rating on Maruti Suzuki; Strong margin performance continues

Retain sell on TVS Motor, target Rs 248

We retain ‘sell’ rating on TVS Motor and earnings estimates but marginally increase our SOTP-based target price to R248 (earlier R245 per share), implying 14x October 2017 earnings for the core standalone business.

Retain sell on TVS Motor, target Rs 248

Coffee Day – the coffee is frothy: Ambit Capital

Coffee Day Enterprises’ (CDEL) apparently strong coffee business of 1,518 stores across 219 cities is diluted in the myriad of other unrelated capital intensive businesses; coffee retailing accounts for just 30% of capital

coffee News

Where ownership is key

The $500 bn Indian retail sector is at a crossroads. Of the 14 retailers in FY05 only seven are making profits at present though the sector Ebitda has seen a giant jump in the last decade.

Where ownership is key

Initiate buy on Sadbhav, target Rs 135: Ambit

Sadbhav Infrastructure’s (SIPL) entire portfolio will start collecting toll in mid-FY17, driving 48%/57% revenue/Ebitda CAGR over FY15-18E.

Initiate buy on Sadbhav, target Rs 135: Ambit

Sell BHEL on stalled growth, target Rs 116

BHEL’s stock has declined 25% since it reported an Ebitda loss in Q1FY16 (vs a 17%/8% decline for BSE Capital Goods Index/Sensex).

Sell BHEL on stalled growth, target Rs 116
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

 

Stock Market

Advertisement
Advertisement