Gross margin contracted 341bps due to higher RM costs as commodity basket prices edge higher (~4% inflation in Q4).
Maintain ‘buy’ with a target price of Rs 942. Key risks: Covid resurgence unfolding further stress; lower-than-anticipated growth can cap…
Guidance’s underwhelming; FY22-23e EPS down ~4% despite INR fall; TP cut to Rs 1,060; downgraded to ‘Add’
Hero MotoCorp (HMCL) and Taiwan’s Gogoro Inc. have announced a joint venture to collaborate on development of a battery-swapping network…
The REIT has reported resilient rental collections of 99% in 9MFY21 (Apr-Dec’20) post onset of Covid-19 (in line with listed…
We remain bullish on office asset developers and reiterate our ‘buy’ ratings on DLF, Embassy REIT, Oberoi Realty and Brigade…
Omni-channel lead generation drives sourcing at effective cost – it utilises diverse range of channels including connectors (~65%), affordable housing…
GNPAs settling at 1.32% at end of FY21 a positive surprise; FY22/23e EPS up 5/8%; TP revised to Rs 1,818;…
We expect ASTRA’s earnings to outpace its key peers in FY22 driven by likely least impact of the recent strict…
Asset quality narrative will be key; >60% earnings growth expected for banks ex-Yes
The sector has been the key enabler of work- from-home culture and keeping people connected in an otherwise travel-restricted world.…
Consensus earnings are likely to be upgraded again; SRCM & UTCEM are top picks
Piramal Enterprises’ (PEL) wholly owned pharma subsidiary Piramal Pharma (PPL) has announced the acquisition of Hemmo Pharma for an upfront…
Provisional revenues in FY21 higher than expected; upgraded to ‘Buy’ rating with revised TP of Rs 153
Trend of recovery in acute therapies likely to continue; ‘Add’ rating retained with revised TP of Rs 1,575
We expect this trend in recovery in the acute therapies to continue in the coming quarters. GSKP’s exposure only to…
Hike in customs duty to aid domestic firms; mkt share gains likely; upgraded to ‘Buy’ with TP of Rs 560
All these developments are positive for NHPC and will help it boost growth and earnings in the long term. Maintain…
