Butterfly synergies key at Crompton; Lloyd margins at Havells
The company is targeting Rs 80-85 bn capex for FY23e
IGL and MGL to be the key beneficiaries of govt move; contracted spot volumes are vital to Gujarat Gas earnings
Stock can continue to trade at a premium given the host of positives; ‘Buy’ retained with target price of Rs…
Margin decline behind miss in quarter; FY23e EPS cut by 3%; target price revised to Rs 4,380; ‘Buy’ retained
Management is targeting Ebitda break-even (ex-Blinkit) by March 2023 or the latest by September 2023, this would be led by…
Quarter performance beat estimates; FY23/24e EPS up 1/3%; target price revised to Rs 1,089; ‘Buy’ retained.
Worries of Fed tightening are weighing on the profitless internet names globally.
Profit grew by 135% y-o-y; renewable capacity addition is on track; FY23-25e EPS up 1-5%; ‘Buy’ maintained
The loan growth improved to 18% YoY and NIMs rose, but the lender needs to improve on share of retail…
EPS for domestic reopening plays, autos, cyclicals likely to grow q-o-q; appliances, cement, staples could slip.
Spectrum bought through auctions can be used to offer commercial services in the future by taking a universal access licence.
Growth beat estimates in constant currency terms; FY23-25e EPS cut by 1-3%; ‘Hold’ retained with new target price of Rs…
Assam floods impact can be absorbed in guided credit cost range; valuations are attractive; ‘Buy’ retained.
Govt decision is a structural positive; offers a potential upside of 4% to fair value for the two companies.
While Blinkit is in a space of high growth, business model is yet to be proven; ‘Buy’ rating retained with…
Ebitda estimates for FY23/24 changed due to expansion, allied factors; Fortis is the top pick, followed by Max.
Diesel cracks could stay elevated; near-term outlook is weak for OMCs given high marketing losses.
