IDFC

Articles By IDFC

16 Articles

Jindal Steel and Power stock rating: IDFC tags it as Outperform, says firm on point of turnaround

Jindal Steel and Power (JSPL), is on the verge of a turnaround (after 4 years of losses), and will report profits FY19E onwards on the back of 28% CAGR in steel volumes over FY17-20e, in our view.

jindal steel market rating, jindal steel stock rating, stock rating of jindal steel News

Demonetisatoin has not impacted sowing; farmers managed to fight note ban via credit, use of old currency notes

Improved water storage in reservoirs and higher crop prices (particularly of wheat, pulses and corn) are leading to an increase in sown area.

Demonetisation, Indian Farmers, kharif harvest, agricultural sector, ICAR News

IDFC maintains ‘outperformer’ rating on Vishal Sikka’s Infosys, says management confident of achieving guidance

We believe better deal win rates have improved the outlook for banking & financial services (excluding RBS impact), telecom and utility verticals.

Markets News

25 bps RBI rate cut in offing as inflation dips to 3.6% as vegetables, pulses prices cool

CPI inflation dipped to 3.6% in November led by a large dip in food inflation. Food items such as vegetables and pulses were the largest drivers of the decline seen in food inflation.

25 bps RBI rate cut in offing as inflation dips to 3.6% as vegetables, pulses prices cool

Q2: GCPL gives healthy operating performance

Godrej Consumer’s (GCPL) consolidated revenues increased by 11.4% at R21.2 bn; Ebitda growth was 13.7% at R4.6 bn and Adjusted PAT growth was 7% at R3.18 bn. India business sales were up 7.5% with a 9% volume growth.

Industry News

Maintain ‘neutral’ on Reliance Communications: IDFC

Reliance Communication (RComm) and Maxis Communications (MCB) have signed definitive documents for the merger of India wireless businesses of RCOM and Aircel. The merged entity would have revenue and VLR subscriber market sha

Reliance communications, rcom News

Maintain ‘outperformer’ on JSW Energy, target Rs 87: IDFC

Net generation for Q4FY16 was 6.2BU, an increase of 26% y-o-y aided by acquisition of Karcham and Baspa HEP in September 2015.

Maintain ‘outperformer’ on JSW Energy, target Rs 87: IDFC

Retaining ‘outperformer’ on Tech Mahindra: IDFC

Tech Mahindra’s EBITDA margin eroded by 6ppt in the past eight quarters. The sharp drop can be attributed to Euro depreciation, integration of CC business and sharp spike in onsite revenue contribution.

Retaining ‘outperformer’ on Tech Mahindra: IDFC

Raising target on Petronet LNG to Rs 350: IDFC

Petronet LNG reported PAT at R1.8 billion up 10% y-o-y and down 28% q-o-q, impacted by ship idling cost of Rs 850 million due to lower offtake of long term volumes.

sensex, nifty News

Maintain ‘outperformer’ on Adani Transmission, target Rs 54: IDFC

Adani Transmission acquired all the transmission assets in Q4FY15/Q1FY16 and was listed on exchanges post demerger of Adani Enterprises.

Maintain ‘outperformer’ on Adani Transmission, target Rs 54: IDFC

Lower Idea to neutral, target Rs 140: IDFC

We believe accelerated 3G/4G investments by Idea Cellular would hit operating margins in FY16/17 as the company strives to improve coverage/ quality of data services in key circles.

idea cellular shares News

BEML to gain from higher Coal India output: IDFC

We recently met the management of BEML. Robust revenue growth in mining segment (~58% of revenues) — Coal India’s target of doubling its production to ~1bn tonnes (15% CAGR) in next five years — would mandate higher inv

BEML to gain from higher Coal India output: IDFC

Upgrade Zee to outperform, target Rs 469: IDFC

Upgrade Zee to outperform with a target price of Rs 469. We have upgraded our earnings estimates for FY16E/ FY17E by 6.7%...

Upgrade Zee to outperform, target Rs 469: IDFC

Outperform on Rallis India; performance to improve: IDFC

Rallis’s Q1 performance was hit by lower placement of stocks before consumption season due to prediction of drought this year...

BSE Sensex, NSE Nifty News

IDFC maintains underperformer rating on Hindustan Unilever

Price cuts, product promotions to restrict margin expansion

Hindustan Unilever Q4 result News

Initiate coverage on Marksans Pharma with outperform: IDFC

Marksans Pharma (MPL) is seeking to build a differentiated business model focused on supplying softgel capsules (SGC) to the US with strong EU presence.

Initiate coverage on Marksans Pharma with outperform: IDFC