Edelweiss

Retain ‘buy’ on J Kumar Infra, target Rs 445: Edelweiss

The government spending on urban mobility projects like Metro rail, Mumbai Trans Harbour link, Coastal road, etc., is rapidly gaining pace.

Retain ‘buy’ on J Kumar Infra, target Rs 445: Edelweiss

Maintain ‘reduce’ on Ipca Lab, target Rs 440: Edelweiss

Ipca Laboratories (Ipca) has announced that following a review of the FDA warning letter issued to the company recently, the Global Fund has decided to not allocate any Institutional Malaria volumes to it.

Maintain ‘reduce’ on Ipca Lab, target Rs 440: Edelweiss

Aditya Birla Fashion and Retail not rated: Edelweiss

The 500bps y-o-y dip in Madura’s margin to 6% in Q3FY16 came as a negative surprise, resulting in the stock correcting sharply.

Aditya Birla Fashion and Retail not rated: Edelweiss

Maintain ‘buy’ on GVK with target of 2016

GVK Power (GVK) will divest 33% stake (retaining the balance 10%) in Bangalore International Airport (BIAL) to Fairfax India Holdings and Fairfax Financial Holdings for `21.5 billion.

Maintain ‘buy’ on GVK with target of 2016

Maintain ‘buy’ on Coal India with target of Rs 376: Edelweiss

We met senior management of Coal India (CIL) to know more about the steps the company is taking to tackle the impending wage hike and meet its sales target.

Maintain ‘buy’ on Coal India with target of Rs 376: Edelweiss

Maintain ‘hold’ on Jubilant Foodworks: Edelweiss

We recently met the top management of Jubilant Foodworks (JFL). While the company attributed 80% of the slowdown in same stores sales growth (SSG) to macro factors, competition from non-pizza offerings/online ordering apps wa

Maintain ‘hold’ on Jubilant Foodworks: Edelweiss

Maintain ‘buy’ on PVR, target price Rs 947: Edelweiss

We recently met Mr. Gautam Dutta, CEO, PVR Cinemas. The company is confident of adding 60 screens per year over the next 5 years and recently touched key milestone of 500 screens.

Maintain ‘buy’ on PVR, target price Rs 947: Edelweiss

IL&FS Transportation uses rights issue proceeds to cut leverage

IL&FS Transportation’s (ITNL) Q3FY16 results were boosted by stake sale in subsidiary. Revenue, at R2,190 crore (up 12% y-o-y), was aided by the R310 crore revenue booked from stake sale in Rapid Metro project.

IL&FS Transportation uses rights issue proceeds to cut leverage

Maintain ‘buy’ on M&M, target Rs 1,337

Management indicated margin will be impacted due to expiration of excise duty benefits at Haridwar plant (in Q4FY16 100bps).

Maintain ‘buy’ on M&M, target Rs 1,337

Maintain ‘buy’ on Max India, target Rs 414

Max India’s (Max) Q3FY16 was a mixed bag with varied performance across business verticals. While growth in life insurance business was under pressure...

Maintain ‘buy’ on Max India, target Rs 414

Maintain ‘buy’ on Indian Oil, target Rs 442

We hosted B Ashok, chairman, Indian Oil (IOCL), at our Edelweiss India Conference 2016 to get his views on the opportunities and challenges in India’s downstream refining and retailing segment.

Maintain ‘buy’ on Indian Oil, target Rs 442

Hold rating on Power Finance Corporation: Loans grow but profit below par

Power Finance Corporation’s (PFC’s) Q3FY16 PAT (profit after tax) of R15.8 bn (up 2.5% y-o-y) came in lower than our estimates.

Hold rating on Power Finance Corporation: Loans grow but profit below par

Maintain ‘hold/SP’ on Glenmark, target Rs 920

Glenmark Pharmaceuticals’ (GNP) Q3FY16 sales grew 4%, while EBITDA remained flat (we have not adjusted for forex loss of Rs 270 million as this pertains to normal business) and PAT declined 23% y-o-y (high tax rate): North

Maintain ‘hold/SP’ on Glenmark, target Rs 920

Maintain ‘buy’ on Power Grid, target Rs 191

Power Grid Corporation of India’s (PGCIL) Q3FY16 adjusted PAT of R15.7 billion was ahead of our/consensus R15.3/15 billion estimates.

Maintain ‘buy’ on Power Grid, target Rs 191

Maintain ‘hold’ on Reliance Infra, target Rs 575: Edelweiss

Reliance Infrastructure’s (RELI) Q3FY16 PAT of Rs 5.4 billion was higher than our Rs 3.2 billion estimate, primarily aided by high EPC operating margin...

Maintain ‘hold’ on Reliance Infra, target Rs 575: Edelweiss

Maintain ‘buy’ on Asian Paints, target Rs 990

Asian Paints’ (APL) Q3FY16 numbers were strong with a line by line beat versus our estimates.

Maintain ‘buy’ on Asian Paints, target Rs 990

Hold rating on TCS: Another lacklustre quarter

Tata Consultancy Services’ (TCS’) Q3FY16 revenue at $4,145m (down 0.3% q-o-q) was below Street’s modest 0.9% growth estimate.

Hold rating on TCS: Another lacklustre quarter

‘Reduce’ on DCB Bank, target Rs 86

Maintain ‘reduce’ on DCB Bank with a target price of Rs 86 per share. DCB has posted remarkable turnaround, but up-fronting of cost structure will strain return ratios and the breakeven of these costs will hold key

‘Reduce’ on DCB Bank, target Rs 86

Maintain ‘buy’ on IndusInd Bank, target Rs 1,050: Edelweiss

IndusInd Bank’s (IIB) Q3FY16 PAT of R560 crore (up 4% QoQ) was marginally ahead of our estimate on better revenue momentum...

Maintain ‘buy’ on IndusInd Bank, target Rs 1,050: Edelweiss

Prabhat Dairy well placed in organised dairy space: Edelweiss

Prabhat Dairy (Prabhat) is rapidly advancing towards becoming a B2C player (targeting 50% revenue contribution by FY19 from ~28% in H1FY16)...

Sensex, Nifty at fresh 52-week highs; 5 stocks to bet on News

Maintain ‘buy’ on Adani Ports, target Rs 334: Edelweiss

Adani Ports and SEZ (Adani) has announced expansion of its existing capacity at Container Terminal 3 (CT3) to 3.1mn TEUs, of which 1.2mn TEUs will exclusively handle transhipment containers.

Maintain ‘buy’ on Adani Ports, target Rs 334: Edelweiss

Maintain ‘buy’ on Emami: Edelweiss

Emami posted weak Q1FY16/Q2FY16 results impacted by soft domestic volume growth, lower than expected performance by Kesh King, due to which, the stock plunged by 25%/10% respectively.

Maintain ‘buy’ on Emami: Edelweiss

Reiterate ‘buy’ on Indraprastha Gas, target Rs 574: Edelweiss

The Supreme Court (SC), continuing its push towards lower pollution levels in Delhi/NCR, has mandated Indraprastha Gas (IGL) to set up 104 additional CNG pumps in the region.

Reiterate ‘buy’ on Indraprastha Gas, target Rs 574: Edelweiss

LNG gas re-pricing – New Year bonanza from Qatar: Edelweiss

Petronet LNG (PLNG) has reached a new pricing agreement for an existing 25-year contract (ending FY28) with Qatar’s RasGas...

LNG gas re-pricing – New Year bonanza from Qatar: Edelweiss

Retain ‘buy’ on Natco Pharma, target Rs 640

Natco Pharma (NATP) announced it has settled the pending Revlimid litigation with Celgene, thereby ensuring a launch in March 2022.

aurobindo pharma, bse sensex News

Oil & Gas sector: Christmas cheers – Uncle Sam to Indian refiners

With the closing of WTI-Brent arbitrage, US upstream players including shale will benefit and a resultant shift in global refining competitiveness will favour Asia

Oil & Gas sector: Christmas cheers – Uncle Sam to Indian refiners

Maintain ‘buy’ on Indraprastha Gas, target price Rs 551: Edelweiss

The past few days have seen a flurry of policy announcements to cut pollution levels in Delhi, many of which pertain to vehicles.

Maintain ‘buy’ on Indraprastha Gas, target price Rs 551: Edelweiss
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax
Advertisement
Advertisement
Switch to Hindi Edition