Edelweiss

Downgrade DCB Bank to ‘reduce’

Downgrade DCB Bank to reduce (earlier ‘buy’) with a revised target price of Rs 90 per share (earlier Rs 155) as major shift in strategy to mar return ratios.

dcb bank shares News

Retain hold on Bajaj Corp, target Rs 515: Edelweiss

Maintain ‘hold’ on Bajaj Corp with a target price of R515 per share. We like Bajaj Corp’s dominance in the LHO category with sustained market share gains.

Retain hold on Bajaj Corp, target Rs 515: Edelweiss

Maintain buy on Wonderla, target Rs 360: Edelweiss

Sound management, robust brand franchise, reasonable pricing and attractive rides place Wonderla in a sweet spot to gain from urban recovery.

BSE Sensex, NSE Nifty, Stock market today News

Maintain buy on Federal Bank, target Rs 82: Edelweiss

Trading at 1.1 times FY17E P/ABV, with RoA touching 1.4% plus and RoEs rising to 16%, the stock of Federal Bank has potential to trend towards 1.5x, implying >35% return potential. With tier-1 of 14.4%, the stock has the requ

BSE Sensex, NSE Nifty, Stock market today News

Wary of Gujarat Gas due to high leverage to industry

We met the CEO of the recently merged Gujarat Gas (GGL is an amalgamation of erstwhile Gujarat Gas (GGAS) and GSPC Gas).

Wary of  Gujarat Gas due to high leverage to industry

Maintain buy on JSW Energy, target Rs 104: Edelweiss Fin Services

JSW Energy (JSW) will dole out Rs 9,300 crore (earlier deal value Rs 9,700 crore) to acquire JPVL’s Baspa 300MW and Karcham Wangtoo 1,000MW projects.

Maintain buy on JSW Energy, target Rs 104: Edelweiss Fin Services

BEML to gain from higher govt spend: Edelweiss

We met BEML’s CMD and top management to get an update on its key businesses. We see the company a beneficiary of increased spending planned...

BEML to gain from higher govt spend: Edelweiss

Praj looks good on strong outlook: Edelweiss

Praj Industries’ (Praj) senior management, during our recent interaction, was reasonably confident about Praj’s medium to long term growth prospects.

Praj looks good on strong outlook: Edelweiss

Edelweiss downgrades Bharti to ‘Hold’ from ‘Buy’; maintains ‘Hold’ rating on Idea

Reliance Jio entry to hit incumbents valuation; capex set to rise for all

BHARTI AIRTEL News

Buy rating on Max India, target Rs 591: Edelweiss

Maintain ‘buy’ on Max India with target price of R591 per share. The simplified structure, superior operating performance...

Buy rating on Max India, target Rs 591: Edelweiss

Buy GDPL, cut target to Rs 405: Edelweiss

We maintain ‘buy’ on Gateway Distriparks (GDPL), but revise our target price to Rs 405 a share (earlier Rs 419).

Sensex, Nifty, BSE, NSE, News

Downgrade Motherson Sumi to ‘reduce’ as Q1 disappoints: Edelweiss

Motherson Sumi’s (MSS) Q1FY16 Ebitda came ~7% lower than estimate due to disappointment in standalone and below estimate margin at 17.3% (18% estimate).

Downgrade Motherson Sumi to ‘reduce’ as Q1 disappoints: Edelweiss

After dismal Q2, turnaround will be uphill task for Nestle India: Edelweiss

Nestle India’s Q2CY15 sales and PAT came in much below our estimates, impacted by the ban imposed on Maggi noodles by FSSAI.

Nestle India stocks, sensex News

Maintain buy on NCC on Q1 beat & attractive valuations: Edelweiss

Nagarjuna Construction's (NCC) Q1FY16 earnings beat our estimates as strong margin improvement and lower tax rate trumpe...

Maintain buy on NCC on Q1 beat & attractive valuations: Edelweiss

Buy Havells; Q1 subdued but long-term outlook intact

Havells India’s (HAVL) Q1FY16 performance was subdued and below our and consensus estimates, given slowdown in both consumption and industrial demand, which we believe is transitory in nature.

Stocks in focus today News

Edelweiss maintains buy rating on HDFC Bank

Above-industry earnings growth to sustain superior return ratios

HDFC bank News

Buy PVR after stellar Q1; key beneficiary of content pipeline: Edelweiss

PVR’s Q1FY16 revenue and PAT surpassed our estimates propelled by exceptionally good content. Key positives were: (i) 35% y-o-y surge...

pvr dt cinema News

Maintain buy on Eicher Motors as Q1 in line with estimates: Edelweiss

Eicher Motors’ (EIM) Q2FY16 numbers were in line with our estimates. The miss in standalone (Royal Enfield - RE) business was offset by strong performance in VECV.

Maintain buy on Eicher Motors as Q1 in line with estimates: Edelweiss

Downgrade Ultratech Cement as risk-reward unfavourable

UltraTech Cement’s (UTCL) Q1FY16 ebitda of R1,150 crore (up 10% y-o-y) was in line with our estimate. Volume growth of 4% y-o-y and realisation decline of 3% q-o-q were also in line.

Downgrade Ultratech Cement as risk-reward unfavourable

Asset quality weighs on SIB’s Q1 but limited downside seen: Edelweiss

South Indian Bank (SIB) reported Q1FY16 PAT of Rs 6,530 crore, which was lower than estimates on account of slower revenue momentum...

Asset quality weighs on SIB’s Q1 but limited downside seen: Edelweiss

Hold rating on TCS; Skating on thin ice

High base and transition in IT business model render even low- to mid-teen growth demanding

Hold rating on TCS; Skating on thin ice

Reiterate buy on DCB; growth momentum continues: Edelweiss

DCB reported Q1FY16 NII of R140 crore vs Rs 139 crore, up 1% y-o-y was in line with estimate. Optically NII growth looks subdued...

Reiterate buy on DCB; growth momentum continues: Edelweiss

Jubilant Foods to gain market share as Yum disappoints

Yum! Brands, which operates Pizza Hut (434 stores), KFC (385 stores) and Taco Bell (6 stores) outlets in India, clocked 11% y-o-y dip in same store sales (SSSG) in Q2CY15.

Jubilant Foods to gain market share as Yum disappoints

Hold Bajaj Corp on Nomarks strategy: Edelweiss

Bajaj Corp’s Q1 revenue and PAT came in line with our estimates. Key positives were: (a) 10.6% y-o-y volume growth in Almond Drop Hair Oil...

Hold Bajaj Corp on Nomarks strategy: Edelweiss

Consumer goods: Caught in rural-urban divide

Rural growth slows, but slight pickup seen in urban demand

Consumer goods: Caught in rural-urban divide

Maintain buy on PVR, DT Cinema acquisition to boost mkt share

Existing and upcoming properties of DT Cinemas will be on 15% revenue-share basis and is expected to be margin accretive.

Maintain buy on PVR, DT Cinema acquisition to boost mkt share

Maintain hold on Leyland but downside risks persist: Edelweiss

Our recent interaction with Vinod Dasari, MD & CEO, Ashok Leyland (AL), reinforces our confidence in the company’s structured approach...

Maintain hold on Leyland but downside risks persist: Edelweiss
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