The merged entity growth (+11% in 4Q22) has held up in April-May 2023.
TCV was at a high; EPS for FY23/24e down by 3-4% due to near-term margin pressure; TP cut to Rs…
It would enhance liquidity and float for firm; valuations are attractive; ‘Outperform’ retained with TP of Rs 410
Outstanding dues from the power sector fell sharply MoM by 2,700 crore to12,300 crore at end-FY22, the lowest in three…
Management highlighted multi-year high growth environment with tech spends being prioritised.
Rising value of subsidiaries could be a reason, as also defence segment; recovery in tendering activity augurs well; ‘Outperform’ retained
NTPC has currently paid for acquisitions of THDC and Neepco through debt and hence consolidated debt has risen by Rs…
JSPL continues on path of deleveraging; ‘Outperform’ retained with TP of Rs 175
Facebook’s investment into this entity will further RIL’s digital initiatives. The announcement includes commencement of a partnership among JioMart (platform…
The recent price hike may be hard to sustain; trend of large EPS cuts may continue
Over FY16-19, LTI has exhibited best-in-class revenue growth and margin performance, something we expect it to sustain over the medium…
Extreme valuations at a time consumption may slow leads to weight cut; Utilities and Energy enjoy bright outlook.
ROE expected to recover to 13% in FY20E; FY19e EPS cut 18% on treasury losses while FY20e EPS is up…
Mid-sized companies have led turnaround; estimates revised by 2-6% with new INR/USD assumption and TPs by 5-12% .
Excluding Maruti, PV volumes declined 2%. Maruti continues to do well with 15% growth but remains constrained for capacity.
FDA’s highest approvals last year were 850 but these were still lower than filing trend in any of the past…
Under the arrangement, Suzuki will supply Toyota two of its best-selling vehicles – Baleno and Brezza for the Indian market…
Weakness on pricing front; high supply pressure over next two years to limit margin expansion; need to stay cautious on…
