Truck demand likely to improve; launches to fill gaps in portfolio; FY23-24e EPS down 10-17%; upgraded to Buy
The management is working on capital allocation to define its shareholder payout strategy as it approaches a net debt-free status.…
Fund raise of Rs 54 bn to cut debt, provide capital; Ebitda for FY23/24e up 3/6%; TP up to Rs…
Rs 275-bn projects in hand offer near-term growth visibility; valuations are attractive; ‘Buy’ retained with a TP of Rs 210
Ramp-up in specialty biz bodes well; FY22-24e EPS up 6%; TP revised to Rs 915; ‘Add’ rating maintained
Low, albeit rising penetration of data customers along with higher realised ARPUs and rising adoption of mobile money services amid…
Regaining lost mkt share may be difficult; EPS for FY22e down 26%; TP revised to `6,150 from `5,850; ‘Sell’ maintained
Growth picking up; digital rollout is key; estimates revised by (2)-2%; TP up to Rs 6,000; downgraded to Sell as…
Communications vertical in good shape; execution has improved; TP up to Rs 1,800 from Rs 1,580; ‘Buy’ retained
Covid claims high; growth is expected to be strong, with stock re-rating in H2; ‘Buy’ retained with TP of Rs…
Margins under pressure q-q due to higher costs; demand outlook is bright; TP raised to Rs 7,400 from Rs 6,950;…
Near-term earnings growth comes largely from contractual escalations as well as build-out of new assets, the former makes Brookfield’s earnings…
Near-term earnings growth comes largely from contractual escalations as well as build-out of new assets, the former makes Brookfield’s earnings…
Store additions will continue to gather pace as construction activity recovers. We believe the stock is pricing in aggressive revenue…
HCLT: The stock is inexpensive and trades at a sharp discount to peers
Valuations are reasonable for OMCs; any weakness in the stocks may be seen as a buying opportunity
NMDC, despite inexpensive valuations, should remain under pressure amid declining margins and limited growth visibility. SELL.
Central India project offers growth visibility; TP up to Rs 2,700; ‘Reduce’ maintained
