FCF generation should be strong; valuations appear cheap; ‘Buy’ maintained with TP of Rs 282
Company is ahead of peers; EPS CAGR of 22% estimated over FY18-21; ‘Buy’ retained
Gujarat Gas currently derives 2.5 mmsmcd of volumes from Morbi but has a connected capacity of 3 mmsmcd which is…
The immediate target was the introduction of 1,000 electric buses in 2019. The next target is for electric buses to…
Rerating cycle for staples seems to be nearing its end; ITC, APNT, NEST, DABUR and JUBI are the sector ‘Buys’.
Margin dip key negative in Q4CY18 results; FY19-21e earnings down 2-4% on lower-than-expected margins; TP raised to Rs 12,000 from…
While Bharti’s better placed than peers, recovery is still some time away; ‘Hold’ retained
L&T’s execution ramp-up is important as it gives credibility to its order book. 9MFY19 consolidated E&C execution was 19% y-o-y…
Price hike in cigarettes and tax increase in Budget key monitorables; FY19-21e EPS cut ~2% over margin trajectory; ‘Buy’ retained.
Margins have bottomed out; FY20/21e EPS raised by 6%; ‘Buy’ retained; rollover to FY21e with TP at Rs 1,620.
HUVR’s Q3FY19 results came largely in line with our estimates. While volume growth at 10% y-o-y was ahead (vs 8%…
DMART’s revenue growth at 33.1% y-o-y was slightly below while Ebitda and PAT growth at 7.5% y-o-y and 2.1% y-o-y…
FY19-21e EPS cut 3% to reflect lower margins; TP revised to Rs 2,230; ‘Buy’ retained as growth outlook is best…
Apparel players preferable to grocery; valuations factor in all positives for grocery and value apparel segments
Liquidity issues are set to affect loan growth and margins at NBFCs/HFCs in 3Q, but the impact should be mixed…
Our recent meeting with Dabur’s management team reiterated steady demand scenario and firm’s improving execution. Amidst increasing to steady market…
We view WHIRLpool as one of the best plays in Indian home appliances, given its assorted product mix aiding growth…
Adverse situation may be reversed; outlook remains strong over the medium term; ‘Buy’ maintained
