FY22/23e EPS up 2/2.6%; TP raised to Rs 2,425 from Rs 2,269; downgraded to ‘Add’

Suryoday contained its non-staff costs at

Its pan-India presence with no single state contributing >20% of AUM as at Mar’21, coupled with an evolving product portfolio,…

PAT intact despite cost rise; consensus earnings likely to be upgraded again; SRCM and UTCEM are top picks

2nd Covid wave impact is a key monitorable; ‘Buy’ retained with a target price of Rs 650

Liabilities coming up for payment may lead to a cashflow issue; FY22/23e Ebitda down 11/14%; ‘Sell’ retained with TP of…

Dedicated cargo initiative is commendable, but the cargo momentum can slow down with return of belly space. Driven by cargo…

TEEC plans to enter the data centre market with an investment outlay of Rs7.5bn over the next 2 years –…

The target for reducing specific energy consumption was 31% and company could achieve 22% reduction. The share of renewable energy…

Reiterate Info Edge as TOP BUY idea in our coverage. Impending IPOs of investee firms (Zomato & Policybazaar) should be…

Order inflow at Rs 54 bn in Q4; TP up to Rs 177 from Rs 153; firm stands out among…

Despite industry- wide disruption May’21 volumes for NMDC at 3.3mnte is commendable. Pricing and EBITDA/te though appears peakings.

The stock is currently trading at 5.1x P/E and 2.7x EV/EBITDA on FY23E basis with 39% RoE.

Increase in guaranteed rates and likely increase in interest rates ahead will make non-par portfolio more attractive. HDFC Life has…

Dividend payout was high; added capacity aided rise in FY21 EPS; RE target has been doubled; ‘Buy’ rating retained with…

Working capital days was reduced to 39 in FY21 from 87 in FY20 — driving strong FCF generation. Starbucks is…