Ready for the future with new strategies

Hindustan Unilever is getting future·ready by inculcating a growth mind·set and enriching capabilities.

sanjiv mehta, hul india, sanjiv mehta hul, takeaways hul News

Investment alert: Edelweiss rates DLF ‘buy’ as improvement in operations continues

Company is on an upward trajectory; restart of sales is likely to aid cash flows; deleveraging process to ease access to and cost of capital.

dlf, real estate sector, economy, NCR residential segment News

Maintain ‘buy’ on Adani Ports and SEZ with TP at Rs 490

Our recent visit to Adani Ports SEZ’s (APSEZ) flagship ‘Mundra’ port where we interacted with top management left us enthused about the company’s long-term growth prospects.

Adani Ports SEZ, Mundra port, Private Freight terminals, Railway transportation, PSA terminal, EBITDA News

Edelwiess gives Welspun India ‘Buy’ Rating: Headwinds stymie growth again

WLSI’S product category remains relatively insulated from this shift. Ergo, they remain confident of double digit revenue growth in FY19.

welspun india, welspun india revenue, welspun india rating, welspun india stock News

Edelwiss rates Tata Steel ‘Buy’, says asset buys will not be a drag

Numero uno position comes at seemingly expensive valuation… We perceive high probability of TSL doubling its capacity by FY22 if it is successful in acquiring Bhushan Steel and Bhushan Power & Steel, enabling it to become t

tata steel, tata steel rating, tata steel stock, bhusan steel, bhusan power and steel News

Edelwiss rates Zuari Agro Chemicals as ‘buy’, says quarter saw yet another strong performance

ZAC’s (standalone) performance continued to remain strong with revenue jumping 46% y-o-y to Rs 14.3 bn (29% above estimate) driven by 49% spurt in sale volume (production volumes up 9% y-o-y).

zuari agro chemicals, ZAC stocks, ZAC performance, ebitda, ZAC stock rating News

‘Buy’ on Carborundum Universal with TP of Rs 426

Carborundum Universal’s (CUMI) Q3FY18 consolidated revenue grew 16% y-o-y led by volume growth across segments.

Carborundum Universal, NTK Cylinders, Japan, South African entities, PAT CAGR, electro minerals, electrominerals sales growth, ceramics, Metz Cylinders News

Q3 results broadly met estimates

Company’s focus on retail penetration and sales network augurs well; FY18e PAT cut 8%; ‘Buy’ retained

Asian Granito, Ebitda margin, domestic tile industry, PAT CAGR, Asian Granito India, GSPC, Ebitda growth News

Maintain ‘buy’ on Dhanuka Agritech with TP of `861

Dhanuka Agritech’s (DAL) Q3FY18 revenue at `2.2 billion (up 5% YoY; 7% volume growth) came 5% below estimate as low crop prices, erratic monsoon and GST impacted performance.

Industry News

Punjab National Bank gets ‘buy’ tag from Edelweiss, TP down to Rs 236 from Rs 256

Fresh slippages curtailed even as business momentum improved; FY18/19e EPS cut 40/8% due to Q3 showing; TP down to Rs 236 from Rs 256.

Punjab National Bank, Punjab National Bank gets buy, PNB buy tag, Punjab National Bank buy tag, Edelweiss News

Hindalco Industries stock rated ‘buy’ by Edelweiss with TP of Rs 325

Fall in alumina price and robust LME Al price are positives; the focus on value-added products is likely to boost profitability.

Hindalco, Hindalco industries, Edelweiss, Ebitda, Al division offsetting  News

Maintain ‘buy’ on Gujarat Gas with TP to Rs 1,068

Q4FY18 appears robust, as margin has recovered following 10% price hike post Gujarat elections, while volumes have inched up to 6.5mmscmd.

Gujarat Gas, TP, EBITDA, EBITDA margin News

Turnaround in fortunes gets Jindal Steel & Power stock a ‘Buy’ rating

Standalone PAT level loss at Rs 767 mn was the lowest ever. Going ahead, we believe the company will continue to benefit from robust domestic longs prices (short term) and ramp-up in Angul volumes (long term).

Jindal Steel, Jindal Steel & Power, Ebitda, JSPL, power division News

Shriram Transport Finance gets buy rating from Edelweiss

Expected cyclical tailwinds to help sustain robust showing; TP up to `1,740 with rollover to FY20e.

Shriram Transport Finance, Edelweiss, economy News

Indiabulls Housing Finance gets buy rating from Edelweiss

IHFL maintained FY18 growth guidance of 20-25% across financial parameters. The company is envisaged to sustain superior return ratios.

Indiabulls Housing Finance, Indiabulls Housing Finance buy rating, Indiabulls Housing Finance edelweiss, Indiabulls Housing Finance q3 rating News

Asian Paints to benefit from recovery in GDP

Asian Paints’ (APL) Q3FY18 consolidated sales up 8.2% y-o-y came slightly below estimates, while EBITDA, up 14.8% y-o-y surpassed estimates.

metal stocks, metal stocks get hotter, metal prices, london metal exchange, domestic demand, improvement in domestic demand, metal prices News

South Indian Bank gets buy rating from Edelweiss

Its strategic exercise has put the bank on firm footing; risk-reward favourable; TP up to Rs 44 with rollover to FY20e

South Indian Bank, MCLR regime, SME segments, CASA growth,  CAGR, MCLR regime, NCLT News

TCS stock rating: Turnaround in sight, ‘Hold’, says Edelweiss

Q3 in line with estimates; high dividend yield is likely; target multiple up to 18x from 16x, with rollover to FY20e and TP at Rs 2,844

TCS stock rating, Tata Consultancy Services, BFSI, YTD, IT services firm, M&G Prudential, india, US, European savings News

Federal Bank gets buy rating by Edelweiss

Bank is well placed; FY18e EPS down 6.5% even as TP rises to Rs 152 from Rs 146

Federal Bank, Edelweiss, GNPL, CAGR,  NIM, CASA, RBI News

Federal Bank rated buy by Edelweiss

The rise was driven by one-off increase in retail portfolio (impact of education loan given anticipated state dispensation). Meanwhile, SME and agri slippages were within trend, with marginal rise in corporate slippages (gran

Federal Bank, Edelweiss, Federal Bank, RBI, SME News

Avenue Supermarts gets buy rating from Edelweiss

During FY13-17, D’mart clocked revenue, EBITDA and PAT CAGR of 37.4%, 46.2% and 50.3%, respectively.

Avenue Supermarts, Edelweiss, economy, industry, retail industry News

NMDC rated buy by Edelweiss

We upgrade NMDC to Buy with a revised target price of Rs 195 (12x FY20E EPS, 7x FY20E Ebitda as we expect: (i) favourable tailwinds to lend impetus to volume growth; (ii) the recent price hike of 19-22% to largely sustain; an

nmdc rating, nmdc market rating, market rating of nmdc News

Jindal Steel rated buy by Edelweiss

We reiterate ‘buy’ on Jindal Steel & Power (JSPL) with an unchanged target price of Rs235 on the ensuing operating leverage benefits for the company with completion of its 3mtpa basic oxygen furnace (BOF) at Angul

Jindal Steel, Edelweiss, Jindal Steel & Power News

Ready for a new phase of its existence

Focus on demerged unit could make it one of the fastest-growing textile companies; TP at Rs 493

Jayesh Shah, Arvind Fashion, Ebitda, textile companies in India, capex, brand and retail business News

Bharat Heavy Electricals Limited (BHEL) rated Buy

The Udangudi project located in Thoothukudi district of Tamil Nadu will be executed by BHEL on EPC basis. All clearances for the project are in place.

Bharat Heavy Electricals Limited, BHEL, Udangudi thermal power project, BHEL, Udangudi project, thermal projects News

Tech Mahindra stock rated Buy by Edelweiss, says set for industry leading growth

We recently attended Tech Mahindra’s (TECHM) analyst meet, which offered insights into the company’s strategy.

Tech Mahindra, Edelweiss, telecom News

‘Buy’ Havells India stock says Edelweiss as framework of growth in place

Management stated that the entrepreneurship culture at HAVL has led to bolder & swifter decisions in the organisation, which has spurred growth.

Markets News
Switch to Hindi Edition