FY22/23/24e PAT raised by 2.5/2.1/3% due to rise in NIMs; core RoEs to stay at c12% over FY21-24; ‘Hold’ retained…
Demand has seen revival; launches key for the stock in medium term; FY22/23e EPS cut by 8/4%; TP down to…
Execution impacted by labour issues; H2FY22 expected to see an improved performance; ‘Buy’ retained
Mgmt expects growth to be strong in the coming quarters; FY22/23/24 EPS down 2.4/3.2/1.1%; TP cut to Rs 1,220; ‘Buy’…
Bajaj Finance (BAF IN) reported net profit of Rs 10bn (+4% y-o-y/-26% q-o-q.
Results show resilience of biz model; EPS growth of 54% expected in FY22e; estimates raised; TP up to Rs 4,000;…
Azure also has unsigned PPAs for 4GW of capacity and recent news reports suggest the potential of downward revisions in…
Margins were resilient; earnings upgrade cycle largely behind firm; FY22e EPS down 1.3%; ‘Hold’ retained with TP of Rs 3,455
Commodity prices, negative operating leverage took toll; FY22e earnings down 7%, yet outlook’s positive for fiscal; ‘Buy’ maintained
Titan’s Q1 sales were up 117% yoy (ex bullion sales), which is impressive, in our view, given the challenging backdrop…
Creation of omni-channel platform via AHL to help capital raising; FY22/23e EPS up 6.9/7.6%; TP raised to Rs 3,550; ‘Buy’…
Difficult to build a case for substantial upside without aggressive valuation for cigarette segment; ‘Hold’ retained
We expect this to be a medium-term drag on the stock as new net leasing will likely be slow in…
GAIL’s EBITDA came in 10% below JEFe on a large miss in the trading segment even as the petrochemical segment…
Steady progress in sales of specialty products; the momentum is likely to be sustained; ‘Buy’ retained with TP raised to…
Margin pressure is likely to continue; FY22/23e Ebitda down c3%; ‘Hold’ retained as valuations are rich; TP revised to Rs…
The Bureau of Indian Standards (BIS) has been running a hallmarking scheme since 2000 and nearly 40% of jewellery sold…
Considering the uncertainty in 1H FY22 given semiconductor availability plus the commodity and currency headwinds, the guidance was encouraging.
