Edelweiss

Articles By Edelweiss

560 Articles

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

Maintain ‘buy’ on Havells, target Rs 275: Edelweiss

Maintain ‘buy’ on Havells India with a target price of R275 per share. We continue to like the stock given its strength in domestic business.

Maintain ‘buy’ on Havells, target Rs 275: Edelweiss

Maintain ‘buy’ on GMR Infra, target Rs 23: Edelweiss

GMR Infrastructure (GMR) has signed a definitive agreement with Kuwait Investment Authority (KIA) wherein the latter will subscribe to GMR’s 60-year long $300 mn foreign currency convertible bonds (FCCB) due in 2075.

gmr infra News

Maintain ‘buy’ on Lanco Infra, target Rs 9: Edelweiss

Maintain ‘buy’ on Lanco Infratech with an SoTP-based target price of Rs 9 per share.

Maintain ‘buy’ on Lanco Infra, target Rs 9: Edelweiss

Maintain ‘buy’ on UPL, target price at Rs 560: Edelweiss

Maintain ‘buy on UPL with target price of Rs 560 based on 15x FY17e EPS.

BSE Sensex, NSE Nifty, BSE, NSE News

Maintain ‘buy’ on GMR Infra, target Rs 27: Edelweiss

Maintain ‘buy’ on GMR Infrastructure with a revised sum-of-the-parts (SoTP) target price of Rs 27 per share (earlier Rs 31).

BSE Sensex, NSE Nifty, BSE, NSE News

Maintain ‘buy’ on Mahindra Holidays, target Rs 439: Edelweiss

Vedanta falls to 5-week low, TCS dips to its lowest yearly close

Maintain ‘buy’ on Mahindra Holidays, target Rs 439: Edelweiss

Retain ‘buy’ on Muthoot Fin, target Rs 275: Edelweiss

Muthoot Finance’s (Muthoot) Q2FY16 PAT of Rs 175 crore (up 2% YoY, down 5% QoQ) was lower than our estimate following slower–than–expected revenue momentum...

Retain ‘buy’ on Muthoot Fin, target Rs 275: Edelweiss

Maintain ‘buy’ on Adani Ports, target Rs 351: Edelweiss

We believe APSEZ will leverage its asset portfolio and balance sheet to pursue growth opportunities, especially inorganic, which are not factored in our valuations.

MRF, IDFC Bank, Vivimed Labs among 68 stocks thet hit fresh 52-week high on NSE today News

Maintain ‘buy’ on Adani Ports, target Rs 351: Edelweiss

APSEZ’s consolidated cargo volume at ~36.5MT grew 4% YoY, but fell 8% QoQ due to lower coal volumes and slow ramp up at Dahej.

adani ports News

Edelweiss downgrades Thermax to ‘reduce’

Thermax’s Q2FY16 numbers came below consensus with sales (down 9% YoY) and PAT (down 25% YoY) coming 13% and 25% lower than estimates...

Thermax rating News

Hold Lupin, target price at Rs 1,630: Edelweiss

Maintain ‘hold’ on Lupin with a target price of R1,630 per share valuing the stock at 22x FY17e EPS of Rs 74.

Hold Lupin, target price at Rs 1,630: Edelweiss

Spicejet: On comeback trail

The change in guard proves a blessing as Ajay Singh, the new promoter, is piloting the airline’s course in the right direction

Spicejet News

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