Revival in chicken and egg prices to benefit poultry feed and poultry business:
Higher share of cotton seeds revenue to aid margins; ‘Buy’ retained with TP of `710
Company has been investing aggressively in driving in-home consumption over the past year.
Ebitda growth of 35-40% expected in Q4; FY22-23e Ebitda up 2-3%; stock may re-rate due to mkt share gains; TP…
In year-1 of GSK integration (since April 2020), HUL has undertaken multiple measures to drive growth – some of them…
Synergy benefits are on track; PAT CAGR of 16% likely over FY20-23e; TP up to Rs 665; ‘Add’ retained
Annuity business to see a fresh capex cycle; ‘Add’ retained with TP of Rs 311
Most dealers were unable to achieve turnover targets, in our view, there is increase in net working capital days due…
The same has strengthened its position at dealers point and will help it corner self-employed customers from NBFCs.
Considering APNT’s new product template of lower investments in capex and branding, we believe success can create (potentially huge) value…
FY21 business momentum recovering on APE, NBP and sum assured. Growth in individual APE, total APE and individual sum assured…
Post the expected completion of collapsing the Manyata SPV shareholding into a two-tier structure, we expect the overall share of…
‘High growth staple’ view on stock needs to be revisited; coverage initiated with Hold and target price of Rs 5,610
Jaguar brand will be positioned as an all-electric (by FY25) modern luxury brand with focus on radical design and best-in-class…
Back on growth path, firm at inflection point
CY21/22e EPS up ~6/4%; TP raised to Rs 253; stock is undervalued; ‘Buy’ retained
Holcim group to continue investing in India; market share sustenance is key to re-rating; TP raised to Rs 330; ‘Buy’…
Hindalco management delineated the company’s capital allocation strategy. FCF guidance stands at $1bn-1.2bn post normal working capital and maintenance capex;…
