Gross margins to be under pressure, but cost control, portfolio mix and price hikes to help firm; ‘Buy’ retained
This is owing to headwinds faced by sector; may trigger a capex race; ‘Hold’ retained with target price of Rs…
Outlook is challenging, with capex intensity a cause for concern; ‘Reduce’ retained with target price of Rs 471
Q4FY22 saw another strong performance; FY23e Ebitda cut by 2%; ‘Buy’ retained with target price of Rs 354.
Strong bottomline growth in Q4; earnings outlook is improving; valuations are attractive; ‘Buy’ retained with target price of Rs 194
Upcycle is likely to continue; EPS for FY23/24e cut by 4.3/2.8%; ‘Buy’ maintained with target price of Rs 1,825
Tariff hike and infusion of capital a must to address leverage; ‘Reduce’ retained with target price of Rs 7
Market share gains likely to continue; FY24e EPS up by 6.2%; target price raised to `735; ‘Hold’ maintained
FY23/24e Ebitda raised by 20% given high commodity prices; target price up to Rs 525; ‘Buy’ maintained
Lower guidance for Q1FY23 a blip given demand outlook; FY23/24e EPS changed by (4.1)/2.5%; ‘Buy’ retained
Guidance for FY23 reflects good demand visibility; EPS for FY23/24 cut by 3.8/2.4% though upcycle is likely to be sustained;…
While revenue growth was consistent, margins took a hit due to inflation; target price cut to Rs 21,430 from Rs…
Stock a likely outperformer given Holcim stake sale buzz and undemanding valuations; ‘Buy’ retained
Deal will fund RE capex and have a multiplier effect on earnings; the valuation augurs well for sector; ‘Buy’ rating…
Collections the best ever on quarterly and yearly basis; new launches are key; ‘Buy’ retained with TP of Rs 590
One-off factors responsible; structural story’s intact; any correction in the stock will be an opportunity to ‘Buy’
Debt reduction will check balance sheet stress; ‘Buy’ retained with TP of Rs 650
Upgraded to ‘Buy’ with TP rising to Rs 540 as addressable market has become larger
