Key risks to our rating are continued weakness in office leasing and slowdown in residential demand.
Key risks to our rating are continued weakness in office leasing and slowdown in residential demand.
Growth momentum continues to be led by organic growth in CV and PV segments coupled with new PV order wins…
Surge in GRM and retail improvement has boosted outlook; FY22/23e EPS up 0.3-4%; TP raised by 24% to `2,510; ‘Hold’…
Preferential issue has been held up for more than four months (after already taking over two years), due to the…
Shareholders of PEL will get 4 equity shares of PPL for every one equity share in PEL, in addition to…
TP up to Rs 774 from Rs 540; downgraded to ‘Hold’ given rise in price in last 3 months
Estimate of 17.6% PAT CAGR over FY21-23; initiated with ‘Buy’ and TP of Rs 700
GNPL increased to 11.9%, but PAR portfolio across buckets continued to reduce substantially. PAR 0 fell to 21.7% by Aug’21…
Growth visibility is strong and return metrics are top-quartile; TP raised to Rs 2,837; ‘Add’ maintained
Our spreads include depreciation and interest cost. Entry of new players, delay in recovery of international travel, longer absence of…
Opportunity size is huge; coverage initiated with ‘Buy’ rating and TP of Rs 117
Management pointed at its continued focus on deleveraging and guided for start of dividend payout as merger between JSL and…
Deal cements firm position in MMR’s extended suburbs; TP raised to Rs 580 from Rs 475; ‘Buy’ rating maintained
30% rental income loss estimated in FY22; ‘Buy’ retained with TP of Rs 1,231
FY22/23e EPS for UTI AMC up 14/20%; NAM, 14/12%; HDFC AMC, 4.7/2%; HDFC downgraded to ‘Hold’
The construction cost funded by AGLL continues to be repaid by way of refinancing through lease rental discounting facilities that…
APM gas price surge to pose a challenge to Gujarat Gas, MGL and IGL as CNG price may need 49-53%…
