Shares of L&T have under-performed Nifty not just in the previous year, but in many of the last 5 years…
40bp margin expansion q-o-q a surprise; FY22e growth raised to c14%; TP up to Rs 3,200; Hold retained given limited…
Firm has begun efforts in that direction; stock has underperformed despite earnings growth; TP up to Rs 165; ‘Buy’ maintained
Vaccine approval will be a positive; pick-up in leisure demand and banquet biz to aid Q3; TP raised to Rs…
Move on credit-linked group policies would cut net profit by c6%; ‘Reduce’ rating maintained with target price of Rs 1,065
Cost of risk likely to go down; TP raised to Rs 1,100 from Rs 950; downgraded to ‘Hold’ given recent…
Fire segment still a worry; estimates lowered to factor in Q2 showing; TP down to Rs 188; ‘Buy’ maintained
Outlook has improved in Q3; FY21-23e Ebitda up 8-14%; TP raised to Rs 110 from Rs 90; ‘Buy’ maintained
Valuation’s undemanding due to the performance of cigarette business; margin growth in FMCG-Others is key; TP revised to Rs 230
Trials ongoing for Covid-19 vaccine and other Covid treatments, though financial benefits not clear at present Maintain Hold; raise TP…
Sequential improvement likely to continue; market’s undervaluing stock; ‘Buy’ retained
TVS reported its highest quarterly margins (ebitda margin of 9.3%) in over a decade, despite, nearly 20% lower volumes compared…
The company has introduced several policies to take advantage of an increased awareness of health plans during the Covid-19 pandemic…
Impressive double-digit sales growth; several levers to support growth; ‘Buy’ retained
Quarter sales were ahead of expectations; several catalysts are at work; HUL’s valuation remains very appealing; ‘Buy’ retained
As Q2 sales reach pre-Covid levels, management painted a bullish picture on return to normalcy and new launches.
Margin beat a huge surprise; FY21/22e EPS up 4/3.7%; stock best long-term bet in sector; TP raised to Rs 1,295
Despite anticipated headwinds, strong growth momentum in exports has supported the industry in challenging times.
