Reiterate ‘buy’ on UPL (formerly United Phosphorous) and raise our fair-value target price to R600 (earlier R503) based on next…
Selective order picking strategy hurts in a delayed industrial recovery scenario.
Recent discussions with experts suggest that BSIV emission norms are likely to be implemented on a nationwide …
Q4FY15 standalone earnings at R527 crore (+29% y-oy-) were above our estimates due to higher core fee income.
Margins face multiple headwinds despite the success of new model
We downgrade Suzlon Energy to ‘hold’ (earlier overweight) and set a fair value target price of Rs 32.
Heavy commercial vehicles (HCV) which is the main market for Bharat Forge amounting for 40% of its standalone revenues…
Low visibility on new order inflows creates headwinds for FY16 earnings
Stay ‘overweight’ on Bharti Airtel as the company is better placed to monetise the spectrum auctions…
We downgrade Divi’s Laboratories to neutral from overweight but revise target price higher to R1,974 from R1,718 earlier. We believe…
Q2FY15 earnings came in at R5.8 bn, up 14% year-on-year but 43% below our estimate on higher than expected provisions…
Despite known operating performance and Hindustan Zinc results, Sterlite’s Q4 results surprised us positively.
We cut our FY11-12 shipment forecasts for REpower by 21%. However, this is more than offset by 34% increase in…
Hindustan Unilever reported sales growth of 7.1% YoY (year-on-year), lower than our estimate by about 4% and a…
ACC reported strong Q1 results with net sales of Rs 21bn and Ebitda of Rs 6.6 billion….
