Performance at record low; FY23e EPS down by 71%; ‘Reduce’ maintained with revised target price of Rs 220.
Equity raising is unlikely to be earnings dilutive; target price raised to Rs 15.7 from Rs 14; ‘Hold’ retained.
Steady performance in the quarter; margins are likely to expand further; ‘Buy’ rating maintained with a target price of Rs…
While execution on growth pillars continues, we see some near-term (increased) challenges due to inflationary raw materials.
The cement maker is likely to sustain its industry-leading volume CAGR in the medium term, led by an increase of…
Growth picked up in Q1; stress pool is likely to subside; HDFC Bank, IIB, SBI and Axis Bank are the…
HDFC Bank has bought Rs 1 trillion of PSL certificates (PSLC) in FY22 with incremental certificates skewed more towards micro…
Flux in liquidity and rate changes responsible for it; APL Apollo preferred pick; Nalco downgraded to ‘Sell’
Revenue/PAT CAGR of 17/27% estimated over FY22-24; ‘Buy’ retained with target price of Rs 5,592
Near-term headwinds cause for caution; FY23-24e EPS down 13-16%; target price cut to Rs 4,361; ‘Add’ retained.
Outlook for thermal capacity a positive; FY23/24e EPS up 290/78%; target price raised to Rs 59; upgraded to ‘Add’
Q-o-q growth in revenues, GMV was below par; Ebitda growth trajectory is likely to continue; ‘Buy’ retained
Valuations have turned right due to correction, tailwinds; upgraded to ‘Buy’ with target price of Rs 3,900
Earnings to be volatile due to high fuel costs; Ebitda for FY23/24 down 18/5%; target price cut to Rs 8,500
Slowdown in earnings is likely; FY23/24e EPS cut by 5/4%; target price down to Rs 4,986 from Rs 5,921; downgraded…
The company’s management sounded bullish on the carbon black cycle with favourable demand-supply and anticipates an upside risk to both…
HUL has seen a long period of underperformance: HUL has underperformed the broader market by ~60% over Mar’20-April’22 (pre-Covid levels).…
While volumes have been volatile, VNB levers likely to ensure >15% RoEV; ‘Buy’ rating maintained
