Momentum in jewellery sales expected to be maintained; valuations are within reasonable bounds; ‘Buy’ retained
Oil & Gas: Healthy retail margins augur well
Buy of Gangavaram port and rail asset likely to be accretive; FY22/23 PAT up 7%; TP raised to Rs 810…
We are terminating coverage of Oil India Limited due to a reallocation of resources.
Gas segment will drive growth in profitability; stock is a good dividend play; TP up to Rs 130 from Rs…
No incremental hurdles for brand due to competition; better than expected rise in specialty sales would be key catalyst; ‘Buy’…
Commissioning of customer projects, completion of pipelines, and rising oil prices all bode well for gas demand and GAIL We…
Cash generation remains high; FY22-23e EPS down 5-7% given Kochi tariff uncertainty; ‘Buy’ retained
Outlook remains steady; rise in out-station patients’ volume to be a catalyst; TP up to Rs 3,050; ‘Buy’ retained
Q3 marks start of a strong growth phase; TP revised to Rs 1,800; ‘Buy’ maintained
Volume revival, which is likely, will be key near-term catalyst for stock; TP down to Rs 4,000; ‘Buy’ retained
Consolidated margins were sound; monsoon to be next trigger; stock is ready for re-rating; TP up to Rs 980; ‘Buy’…
Momentum in specialty sales likely to be sustained; FY21/22e EPS up 5.3/1.3%; Buy retained with TP of Rs 700
FY21-23e EPS up 8-12%; upgraded to ‘Buy’ rating with revised TP of Rs 1,030
Decorative volumes robust; firm’s execution stands out; Q4 outlook’s strong too; TP up to Rs 3,150; ‘Buy’ retained
Execution key for India and US sales; FY21-22e EPS up 3%; valuations factor in prospects; ‘Hold’ retained
PAT grew 18% y-o-y ; asset quality outlook is stable; FY21-23 estimates revised marginally; TP up to Rs 1,680; ‘Buy’…
Jewellery sales went up by 15% y-o-y, as per Q3 update; Covid-19 has consolidated Titan’s position; TP raised to Rs…
