MOSL

Articles By MOSL

17 Articles

Price target of Rs 540 on NIIT Technologies

NITEC’s Q1FY18 CC revenue growth of 1.4% q-o-q, excluding one-time revenue gains in Q4, was largely in line with our estimate of +1.3%.

Price target, NIIT Technologies News

Maintain ‘neutral’ on Divis Laboratories, TP at Rs 600

Divi's Laboratories (DIVI) has been informed by the US FDA that it will lift the import alert under clause 99-32 on the company's Unit-II at Visakhapatnam.

divis, divis lab, divis lab rating, market, market news, divis shares News

United Breweries rated ‘Neutral’ by Motilal Oswal, pegs target price at Rs 850

United Breweries (UBBL) has planned a slew of new launches in FY18, which is encouraging. After the successful launch of its premium strong beer brand Kingfisher Storm in early May 2017, the company plans to come up with five

United Breweries, United Breweries news, United Breweries latest news, liqour ban News

MOSL rates Page Industries as ‘Buy’ with TP of Rs 19,125

Among the elite, affluent and aspirers category of customers, PAGE’s men’s innerwear products account for only 18.5% of the potential market, while its women’s innerwear products command an even lesser share of 6-7%.

MOSL, Page Industries, PAGE’s men’s innerwear products, Jockey Comfort Zones, retail brands, Page EBOs, innerwear category, extensive manufacturing facility News

Jammu & Kashmir Bank: High stress addition a concern

JKBK reported net loss of Rs 5.5b in Q4FY17 owing to elevated credit costs (~5% annualised).

Banking & Finance News

Robust revenue likely for Manpasand Beverages; target price Rs 841 says MOSL

Post QIP of Rs 5b, Manpasand Beverages’ (MANB) plan to double capacity from 177,500cpd to 377,500cpd is largely on track.

Markets News

Maintain ‘buy’ on Sanofi India; TP at Rs 4,850

Sanofi India (SANL) reported weak Q1CY17 results. Revenue declined 9.1% y-o-y to Rs 5.5b (~8% below est.). EBITDA fell ~21% y-o-y to Rs 1b (24% below est.), with the margin contracting to 18.4% from 23.7% in Q1CY16. PAT of `6

Maintain ‘buy’ on Sanofi India; TP at Rs 4,850

NIIT Tech expects better revenue growth; TP Rs 470

NIIT Technologies’ (NITEC) Q4FY17 revenues (excl. one-time settlement gains) grew 3.4% q-o-q (+4.6% y-o-y) to Rs 7.16b, above our estimate of Rs 6.98b.

Markets News

JSW Energy: TP at Rs 88, power demands to go up

JSW Energy’s (JSWE) Q4FY17 EBITDA was down 48% y-o-y/11% q-o-q to Rs 5.9b due to lower generation (demand), shutdown at Ratnagiri and higher fuel cost.

JSW Energy,  renewable energy, Vijayanagar plant, Ratnagiri plants, power purchase agreements, GST, tax compliance News

MOSL maintains ‘Buy’ on Zensar Tech, TP revised to Rs 1,020

Due to a weak Q4 and ongoing reconstitution of the business, FY17 revenue grew by 3.5% y-o-y CC.

Industry News

High volatility: Gujarat Gas valuation lower than peers

The long-term opportunity for GUJGA is sizable, given just 18% penetration in the PNG-domestic segment and 30% penetration in the CNG segment, coupled with possible regulatory push.

Markets News

Yes Bank shares rated ‘Buy’; MOSL pegs target price at Rs 2,110

The recent capital raise of `49 billion (30% of December 2016 net worth) has added ~300bp to Yes Bank’s (YES) CET1 ratio (~13%). With an incremental market share of 3.5%+, aggressive roll-out of retail/SME products and stro

Markets News

L&T Q4 order growth to be driven by base infra projects

Large orders in defense, infrastructure, hydrocarbons are likely to slip to FY18. This, however, was factored in order inflow growth guidance cut (to +10% for FY17 v/s +15% earlier) in Q3FY17.

Industry News

Buy Rating on ICICI Bank: Continued clean-up is reducing uncertainty over balance sheet health

ICICIBC reported PAT of R24.4 bn (9% beat, -19% y-o-y) due to stronger-than-expected core PPoP performance.

Banking & Finance News

Motilal Oswal maintains ‘Buy’ on LIC Housing Finance; target price Rs 693

LIC Housing Finance (LICHF) reported Q3FY17 net profit of R5.0 bn (+20% y-o-y), 6% below our estimates.

Markets News

Motilal Oswal maintains ‘Buy’ on Larsen & Toubro; target price Rs 1,600

Domestic Engineering & Construction is likely to witness a slowdown in execution in H2FY17 on account of demonetisation and continued execution challenges.

Markets News

Neutral rating on Dr Reddy’s; Weak Q4; sales down ~3% y-o-y

While long-term fundamentals remain intact, stock will stay range-bound in the near term

Dr Reddy's Laboratories, Dr Reddy's, Dr Reddy's share price, Dr Reddy's XenoPort, XenoPort, XenoPort Dr Reddy's, business news
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