HUL board has approved setting up of a 100% owned subsidiary with an authorised share capital of Rs 20 bn.
Though prospects are good, FY20-22e EPS down 3-5% with TP reduced to Rs 4,961
Fortis Healthcare (FHL) reported a healthy Q3FY20 performance, albeit marginally lower than our estimates.
Interestingly, Hero indicated the entry premium segment currently has ~75% first-time buyers, thus customer brand loyalties are not as defensible…
We retain our ‘Sell’ rating with a target price of Rs 772/share as we have already assigned a 30% business…
SRIN has achieved Rs 12 bn of sales bookings in YTDFY20 (similar levels to FY19), which should result in improved…
Ebitda margin at 8-quarter high; growth prospects are bright; TP raised to Rs 1,497; a high-conviction idea
Integrated aluminium Ebitda increased by $94/te q-o-q. Better realised prices and lower costs (-2% q-o-q) will allow aluminium Ebitda to…
Hexaware reported a softer-than-expected quarter on all key parameters of revenue growth, margins and deal intake. Margin execution and guide…
FY21e earnings up 2% to factor in higher jewellery growth expectations; TP raised to Rs 1,450 due to rollover; ‘Add’…
Volume grew 2%, leading to a 4% growth in domestic revenue (96% of the business).
Gain from Gruh Finance stake sale used to improve provision cover; TP raised to Rs 2,590 due to rollover to…
As of December 2019, Aavas had >97,000 active loan accounts, up 41% y-o-y. In light of the lower disbursements in…
Also, costs would be in line with existing UTCEM assets (excluding Rs 70/t royalty cost) by Q2FY21. UNCL (earlier Binani) operated…
FY20e PAT cut by 16% to factor in higher provisions; RoA is expected to recover in FY21; ‘Buy’ maintained with…
On the back of trimming our loan growth estimates, we fine-tune our target price downwards by 7% to Rs 814,…
Fundamental performance in Q3 was broadly in-line with 1% q-o-q revenue growth (CC), 20bps Ebit margin expansion and net-new deal…
Dabur has channelled its ad spend in driving higher growth in its eight power brands — media spends grew 20%…
