Downgrades were higher for 2nd quarter on trot; margin fall contained, but worst of price impact lies ahead
Firm well placed to deliver EPS CAGR of 15% over FY23-25e; ‘Buy’ retained with target price reduced to Rs 1,830…
Cut in EPS but return ratios likely to almost double over FY22-25e; Buy retained with revised target price of Rs…
Dispatch volumes rose a strong 15% in FY22; EPS for FY23-24e up 8-15%; ‘Hold’ retained with revised target price of…
Consol. PAT expected to rise by 9% q-q in Q4; FY22-24e PAT raised by 1-3%; ‘Buy’ retained with TP of…
Growth for FY23 to be in line with pre-pandemic levels: Newgen’s trailing 12-month new logo wins have fallen from the…
While volume outlook is bright, CY22-23e Ebitda cut by 11-13% due to cost increases; ‘Buy’ retained with TP lowered to…
We readjust our target multiple, driving TP lower to Rs 1,025.
Loan growth up to 8% y-y; FY22-24e EPS raised by 4-8% on lower provision estimates; TP revised to Rs 650;…
Volume growth was weak; near-term outlook clouded due to demand and RM headwinds; recovery likely in FY23; ‘Buy’ retained
4.1-6.9% q-o-q cc growth estimated, with Wipro and Infosys leading way; 50-bps margin fall expected; HCL and Infosys are top…
Bajaj’s 1Q volumes fell 14% QoQ (19% below 1QFY20) as the second wave of Covid took a big toll on…
GAIL’s transmission and LPG production segments could claim ~Rs 3.5bn (calc) of input tax credit stranded today but are likely…
Aramco’s IPO prospectus mentioned it’s focus its downstream investments in high growth economies of China, India and Southeast Asia.
Tughlakabad (TKD) seeing limited volume loss, despite the 10-12% realisation hike effective 6 Dec 2020.
While its emission levels are low (given it’s a finance company), it still targets to reduce its emission levels/energy intensity…
EPS accretion of 5-7% is likely; estimates revised; TP raised to Rs 220; limited upside from current levels; ‘Hold’ maintained
Gateway Distriparks (Gateway), in the last 12 months, focused on debt reduction, which has reflected in the positive stock returns…
