IDFC Institutional Securities

Articles By IDFC Institutional Securities

21 Articles

Analyst Corner: Valuations of AIA Engineering will remain rich – IDFC Securities

The production is based on orders received from the customers and hence management is confident that sales despatches would pick up over the next 2-3 quarters, driving an uptick in sales and normalised inventories.

Markets News

Demonetisation: Business takes a hit but poor back move; GDP growth estimates cut from 7.8% to 6.4%

GDP growth estimate for H2FY17 cut from 7.8% to 6.4%, with maximum impact likely in the third quarter

Economy News

Underperformer rating on Sobha Developers : Another soft quarter

Given the lack of triggers and muted visibility on new launches, there are limited prospects of a material turnaround in the company’s growth trajectory in the near term

Markets News

Maintain ‘outperform’ on HZL with revised target of Rs 192: IDFC Securities

Total mined/ refined volumes came below est. at 188/ 191kt, -30/ -25% y-o-y. While silver volumes positively surprised us at 122t (+5% q-o-q), realisation/t came below est. at Rs 33,033/t (+4% q-o-q).

Maintain ‘outperform’ on HZL with revised target of Rs 192: IDFC Securities

Maintain ‘outperformer’ on Adani Enterprises, target Rs 100

Adani Enterprises (ADE) reported Q2FY16 PAT of R300 crore, sharply below our estimate of R540 crore, due to lower trading margins.

adani group News

Tata Communications outperformer, target Rs 390: IDFC Institutional

Tata Communications’ (TCOM) marked turnaround has been led by focus on operational efficiency, a transient pricing uptick in voice business and the rupee weakness.

tata communications News

Downgrade Bank of Baroda on alleged scam: IDFC Institutional Securities

Downgrade Bank of Baroda (BoB) to neutral (earlier outperformer) following the recent negative events – that is alleged forex scam of Rs 6,200 crore.

Bank of Baroda Q1 results shares News

Outperform on Dr Reddy’s, target Rs 4,477: IDFC Institutional Securities

Maintain ‘outperform’ on Dr Reddy's Laboratories (DRL) with a target price of Rs 4,477 a share. The gNexium approval...

Dr Reddy's Laboratories, dr reddy's lab, USFDA, dr reddy response to USFDA warning, CEO G V Prasad, dr reddy latest, dr reddy news, News

Outperform on BEL amid order flow revival

Maintain ‘outperform’ on Bharat Electronics (BEL) on signs of revival in order inflow.

Outperform on BEL amid order flow revival

Strides Arcolab looks good ahead: IDFC Institutional Securities

Strides Arcolab’s second innings, post the divestment of Agila steriles business to Mylan in 2013, has been catalyzed by its two proposed transactions...

Strides Arcolab looks good ahead: IDFC Institutional Securities

Outperform on HCC, target Rs 40: IDFC Institutional Securities

Maintain ‘outperform’ on HCC with a revised price target of R40 a share. Our price revision reflects impact of earnings downgrade and reduced valuation for Lavasa.

Outperform on HCC, target Rs 40: IDFC Institutional Securities

Outperform on HPCL, driven by strong Q1: IDFC Institutional Securities

Reiterate ‘outperform’ on HPCL with a revised 12-month price target of R1,083 a share. We revise our FY16/17e EPS estimates upwards by 17% each to factor...

Outperform on HPCL, driven by strong Q1: IDFC Institutional Securities

Outperform on GSPL on volume pick-up

Reiterate ‘outperform’ on Gujarat State Petronet (GSPL) with a target price of Rs 135 a share.

petrol export News

JPVL: Maintain outperformer on better Q1 profitability, says IDFC Securities

Jaiprakash Power Ventures (JPVL) reported 431 MU at Baspa HEP (+15% y-o-y), 1696 MU at Karcham HEP...

JPVL: Maintain outperformer on better Q1 profitability, says IDFC Securities

Outperformer on IGL; expect 17% upside from current levels: IDFC Securities

IGL reported in line earnings of R100 crore for Q1FY16,down 11% y-o-y but up 6% q-o-q, on the back of a 4% q-o-q growth...

Outperformer on IGL; expect 17% upside from current levels: IDFC Securities

Outperform on Glenmark; one of our top mid-cap picks: IDFC Securities

Glenmark’s consolidated revenues grew by 11% yoy to Rs 1,660 crore (in line), led by LatAm (+86%) and India (+19%).

glenmark News

Outperformer rating on DB Corp with target of Rs 451

Print ad revenue grew by just 1.3% y-o-y as DB Corp sacrificed low yield volumes to improve overall yields (else ad growth would have been 3.5% y-o-y).

Outperformer rating on DB Corp with target of Rs 451

No meaningful positive for Sesa Sterlite from cut in ore export duty

The ministry of finance has cut export duty on iron ore (for 58% fe grade and below) from 30% to 10% from June 1, 2015.

No meaningful positive for Sesa Sterlite from cut in ore export duty

Hindustan Zinc’s lower other income negates Ebitda surprise

Hindustan Zinc's revenue at R4,130 crore (+13% y-o-y) was above estimate of Rs3,790 crore, on the back of (a) higher refined...

Hindustan Zinc’s lower other income negates Ebitda surprise

Outperform on HZL with target of Rs 193: IDFC Institutional Securities

Reiterate outperform on Hindustan Zinc (HZL) with a price target of R193 per share. We expect a gradual increase in HZL’s mined metal...

Outperform on HZL with target of Rs 193: IDFC Institutional Securities

Analyst Corner: Outperform on Yes Bank, target Rs 825, says IDFC Institutional Securities

We rate Yes Bank an 'outperformer' and raise target to Rs 825 as we roll...

Analyst Corner: Outperform on Yes Bank, target Rs 825, says IDFC Institutional Securities
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