FY21/22e EPS up 12/7% owing to robust cash flows, efficiencies; TP raised to Rs 73
Over the past year, MRCO has witnessed remarkable recovery in its key segments — Parachute, Saffola and more recently in…
Asset quality remained resilient; FY21/22e EPS up 27/20% given outlook; upgraded to ‘Buy’ with TP rising to Rs 1,650
1HFY21 VNB margins remained broadly stable at 18.8% (vs 18.7% in 1QFY21), supported by an improving business mix.
Asian Paints (APNT) witnessed consistent MoM demand improvement in 2QFY21.
Q2 update shows retail was robust; credit cost to remain high in FY21;
The aluminium business offset weakness in zinc and O&G; all eyes now on delisting process; retain ‘Neutral’ with TP of…
With an apt product portfolio for the rural market, the highest brand recall, and a strong distribution network, it is…
Recent regulatory changes may accelerate consolidation in the industry, and ISEC could be a major beneficiary. Reiterate ‘Buy’.
S/A PAT declined ~38% YoY to Rs 1.3 billion (29% below our estimate of Rs 1.9 billion). This was largely…
COAL’s management has noted that the company’s receivables have increased to Rs 230 bn in Q1FY21 from Rs 178 bn…
Nevertheless, recovery in system sales was sharp in July ’20 and Aug ’20 to 69.8% and 84.6%, respectively, of last…
NTPC expects FGD systems to be commissioned within the timelines given by the CEA. In this regard, the company has…
Total production was at 1.40mmtoe (-6% YoY). On similar lines, oil sales declined 8% YoY to 0.73mmt and gas sales…
FY21e EPS up 9% due to faster volume recovery; ‘Neutral’ retained with TP of Rs 3,045
Declining capitalisation could impact growth, but valuation remains attractive: While the awarding of transmission schemes (~Rs 250 bn) under renewable…
Ebitda margin registered a high; FY21/22e EPS up by 19/14%; ‘Neutral’ retained with revised TP of Rs 790.
SBIN reported strong 1QFY21. This was led by robust NII growth with domestic NIMs improving 30 bps Q-o-Q and controlled…
