Consultancy margins were strong; FY21/22e EPS up 10/9%; Numaligarh is an overhang; TP revised to Rs 97
This bid win reaffirms NTPC’s competitiveness in the RE space amongst global peers, as it continues its journey to becoming…
Strong FCF generation of ~Rs 28 bn estimated over FY22/23e; TP raised to Rs 1,892
Collection efficiency in Oct a surprise; geared up to deal with crisis; TP up to Rs 900
Strategy to diversify revenue streams away from a constrained domestic defence budget was a key takeaway from Bharat Electronics’ (BEL)…
MREIT’s H1FY21 reported revenue/NOI are 47% and 51% of our FY21E estimates, respectively and we retain our FY21-23E estimates.
Ebitda margin soared; FY21-22e EPS up 26-7% & TP raised to Rs 349; upgraded to ‘Buy’
Firm on course to achieve FY21e EPS targets; green capex, buyback, dividend are positives; ‘Buy’ retained
Company’s gross margin remained flat YoY but improved 50bps QoQ to 64.0% with improvement in US business.
It continues to build contingency buffer with further provision of Rs480 million towards Covid, which takes the cumulative buffer to…
HMCL gaining from solid demand revival; TP raised to Rs 2,908; ‘Hold’ retained given lack of any other catalyst
Axis Bank’s Q2FY21 earnings reflect strong core performance. NIM expanded 18bps to 3.58% q-o-q, core fee income grew 4% and…
Integrated silver output key surprise in results; firm paid interim dividend of Rs 21.3; ‘Hold’ rating maintained
Valuation and risks: We raise our target price (TP) to Rs 570 from Rs 545.
ACC continue to surprise positively for third consecutive quarter with Q3CY20 EBITDA increasing 21% YoY to Rs 6.7bn – higher…
National tariff policy, change in law and other positives expected to lead to re-rating; NTPC, Coal India are top picks
FY21-23e EPS down 7-10% and TP lowered to Rs 580 from Rs 638; outlook is positive; ‘Add’ maintained
Uncertainty of global growth due to the pandemic, the company is still gauging the overall impact of Covid-19 on global…
