Edelweiss

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

Thyrocare Tech stock rating: Edelweiss says Buy, Rs 740 target price

Thyrocare Technologies’ (Thyrocare) Q2FY18 earnings came in weaker than expected as revenue and EBITDA grew 13% and 18% y-o-y, respectively.

thyrocare technologies,  thyrocare technologies rating, market rating of thyrocare technologies News

BHEL stock rating: Edelweiss maintains Buy, with revised TP of Rs 110

We had upgraded BHEL to ‘Buy’ in July 2016 anchored by a few positive triggers on the horizon. Of these, thermal ordering/demand has not picked up materially, which remains a key monitor able.

bhel stock rating, bhel rating, bhel stock rating by edelweiss News

Equitas stock is top Edelweiss pick, says Buy with target price of Rs 220

We met the top management of Equitas Holdings (Equitas), which reinforced our confidence that it is on course to build a sustainable and scalable small finance bank franchise.

Equitas stock, Edelweiss, MFI portfolio, micro finance News

Voltas stock rated Buy by Edelweiss, says company well prepared to tap new opportunities

Our recent interaction with Voltas’ (VOLT) top management instills confidence in VOLT’s long-term growth prospects. Key highlights:

voltas, edelweiss, new opportunities, VOLT, European market News

Future Retail stock rating is Buy; Edelweiss says vision 2047 conveys scale of ambition

Strong SSSG, improving margins, and better inventory turns estimated to push RoE to 24.1% over FY17-19.

Future retail, Future Retail stock, Future Retail stock rating, Retail stock rating, stock rating, Retail stock, Future Retail stock, scale of ambition, blending online, blending offline, offline retail, online retain News

J Kumar Infraprojects stock rated Buy with target price of Rs 294 by Edelweiss

J Kumar Infraprojects’ (JKIL) Q2FY18 revenue, at Rs 3.2 billion, rose 2% y-o-y; execution was impacted by raw material shortage post closure of quarries and heavy monsoon.

J Kumar Infraprojects stock, EBITDA, Mumbai, Ahmedabad, Delhi, JNPT projects, Delhi News

Looking to Buy Brigade Enterprises stock? Edelweiss raises concerns on RERA, GST uncertainty

With scale-up plans on track, operations likely to improve; TP revised to Rs 345

Brigade Enterprises, Brigade Enterprises stock, RERA, gst, BEL, POCM, affordable housing space, Bengaluru, Ebitda News

Is Kalpataru Power stock a Buy? Here is what Edelweiss has to say to investors

Kalpataru Power’s (KPP) Q2FY18 headline numbers came in line with estimates.

Edelweiss, Kalpataru Power stock, Is Kalpataru Power stock a Buy, BOOT projects, Kalpataru Power revenue, pipeline businesses News

Britannia Industries stock: Here is what Edelweiss has to say

Britannia Industries’ Q2FY18 revenue, EBITDA and PAT growth of 6.6 %, 11.4 % and 11.6 % y-o-y, respectively, came in line with estimates

Britannia Industries, economy news, industry news, latest news, India news, news

Jain Irrigation system stock rating: Edelweiss says performance below par

The agro processing division clocked strong domestic performance, but international operations underperformed. JISL’s net debt jumped by ~Rs 2.3 billion y-o-y to Rs 43.4 billlion, including Rs 3.2 billion related to the US

Jain Irrigation system,  Irrigation system, stock rating, Edelweiss News
Switch to Hindi Edition
FinancialExpress_1x1_Imp_Desktop