Q4 performance was steady; FY21/22e volumes cut by 40/20% due to Covid-19; TP down to Rs 261 from Rs 522
While GPL’s FY20 sales bookings were in line with our estimates, we have cut our FY21-22E sales volume estimates by…
Company focus shifts to contingencies; likely to gain from possible rural recovery in H2FY21; ‘Buy’ retained.
The termination of Sandoz deal would impact the growth outlook in near term. However, we remain positive on Aurobindo’s track…
EPS estimates down 2-4% to factor in lower generic revenue and remediation costs; key concerns priced in; TP revised to…
Given the business model, Covid-19 impact is likely to be negligible; valuations cheapest since they peaked in FY08; ‘Buy’ maintained.
Sharp release in working capital may help liquidity, while the pressures of debt maturities remain low.
We believe that the price hike, impact is more manageable in the current environment given the higher inflation (5% in…
KEC will be a net beneficiary of rupee depreciation and reduction in commodity prices. Given the challenging environment, the company…
Karur Vysya Bank is all set to improve its RoA materially in FY21e on the back of moderation in credit…
Bank expected to manage any short-term deposit outflow; TP revised to Rs 60.
Execution capability added positive; initiated with ‘Buy’ and target price of Rs 354.
Brent has collapsed by 34% from levels before the OPEC+ meeting on 5-6 Mar’20 to = $34/bbl; OPEC+ was unable…
Large section of equity markets yielding more than bond yield: 30 of the 50 NIFTY50 stocks have a forward earnings…
Focus on productivity and use of capital, coupled with best-in-class asset quality, behind ‘Buy’ rating.
AU has remained on the forefront in timely launch of products with best-in- class productivity. In its last 11 quarters…
The stock trades at an attractive valuation of 10x FY22 EV/E. We maintain ‘BUY’ with an unchanged target price of…
The company is on course to meet fiscal estimates; significant increase in dividend payout likely in FY20; ‘Buy’ retained
