Motilal Oswal

Articles By Motilal Oswal

332 Articles

Maintain ‘buy’ on Nalco, target Rs 38: Motilal Oswal

National Aluminum Company (NACL’s) 2QFY16 EBITDA of Rs 340 crore (down 28% YoY) was well ahead of our estimate of Rs 170 crore...

Maintain ‘buy’ on Nalco, target Rs 38: Motilal Oswal

Remain neutral on GSPL, target at Rs 139: Motilal Oswal

Gujarat State Petronet (GSPL) reported an Ebitda at Rs 220 crore (est Rs 250 crore; -31% YoY, flat on adj. basis) that was below estimate...

Remain neutral on GSPL, target at Rs 139: Motilal Oswal

‘Buy’ Hind Zinc, target price Rs 177: Motilal Oswal

Hindustan Zinc (HZL) reported strong set of numbers. Adj. EBITDA at Rs 20.3b (up 1% YoY) was ahead of our estimate of Rs 17.7b

Stocks in focus News

Maintain ‘buy’ on TTK Prestige, target Rs 4,700: Motilal Oswal

TTK Prestige plans to introduce 100 new SKUs in FY16, of which 75 have already been launched. During the quarter, management launched ‘Clip On’ range of pressure cookers...

Maintain ‘buy’ on TTK Prestige, target Rs 4,700: Motilal Oswal

Sun Pharma’s rising revenue augers well: Motilal Oswal

Sun Pharma's FY15 annual report analysis highlights 71% YoY increase in revenue to Rs 274 billion while EBITDA margins declined to 28.7%, led by Ranbaxy’s merger and Halol issues.

Sun Pharmaceuticals News

Maintain ‘buy’ on Sobha: Motilal Oswal

Maintain 'buy' on Sobha Developers with a target price of R400 per share. Only 42% of the 4 million sq. feet (R2,600 crore) guidance has been achieved till H1FY16.

sobha ltd News

Reiterate buy on Coal India, target Rs 439: Motilal Oswal

Coal India’s adjusted Ebitda is likely to rise at a 12.8% CAGR to Rs 38,600 crore by FY20, largely benefiting from operating leverage, transparent pricing for the non-power sector and 10% volume CAGR.

Reiterate buy on Coal India, target Rs 439: Motilal Oswal

Maintain buy on Tata Motors, target Rs 488: Motilal Oswal

Land Rover volumes are down ~2% while Jaguar’s volumes have grown ~42%.

Tata Motors News

Is Lupin a good bet after recent acquisitions?

Differentiated US launches and Gavis key growth drivers

aurobindo pharma, bse sensex News

Retain buy on Coal India, target Rs 439

Coal India’s dispatches in August were up 8.9% y-o-y to 40.2 mt, maintaining its healthy high single-digit growth rate.

Retain buy on Coal India, target Rs 439

Buy Jubilant Food, target Rs 2,100/share: Motilal Oswal

Maintain buy on Jubilant Foodworks (Jubilant) with a target price of R2,100 per share, valuing the stock at 45x September 2017e EPS...

Buy Jubilant Food, target Rs 2,100/share: Motilal Oswal

Upgrade FY16/17 estimates as Britannia’s Q1 beats Street: Motilal Oswal

Britannia’s Q1FY16 consolidated performance was ahead of estimates with sales, ebitda and PAT posting 13%, 75% and 67% growth y-o-y to R2,000 crore, R270 crore and R190 crore, with 14% and 13% beat on ebitda and PAT. We est

Upgrade FY16/17 estimates as Britannia’s Q1 beats Street: Motilal Oswal

Buy rating on Thermax; No pick-up yet in order flow

Investor expectation of superior performance backs stock

Buy rating on Thermax; No pick-up yet in order flow

Buy Bajaj Fin; healthy biz momentum continues: Motilal Oswal

Bajaj Finance (BAF) Q1FY16 PAT stood at Rs 276 crore, up 30% y-o-y and 19% q-o-q. Healthy AUM growth...

Stocks in focus today - brexit worries News

Maintain buy on ACC; demand recovery to usher in profits: Motilal Oswal

ACC posted decade-low Q2 margins, as pricing fails to show resilience amidst continued weakness in demand. Volume de-grew ...

Maintain buy on ACC; demand recovery to usher in profits: Motilal Oswal

PM Narendra Modi scheme to drive higher, growth for Jain Irrigation

Our meeting with the management of Jain Irrigation (JI) reaffirms our view on Jain Irrigation’s growth—especially in the light of government’s announcement to spend Rs 50,000 crore under Pradhan Mantri Krishi Sinchayee

PM Narendra Modi scheme to drive higher, growth for Jain Irrigation

Maintain buy on BPCL as earnings may double by FY18: Motilal Oswal

We met BPCL’s management for an update on the oil sector reforms, industry insights and the company’s business outlook.

Maintain buy on BPCL as earnings may double by FY18: Motilal Oswal

PC Jeweller may benefit from rapid branded jewellery growth: Motilal Oswal

We recently met the management of PC Jeweller (PCJL) and the key takeaways are as follows. Given its strong brand recall in North and Central India...

PC Jeweller may benefit from rapid branded jewellery growth: Motilal Oswal

Buy Arvind; brand & retail profit to jump 4x in 3 years: Motilal Oswal

We recently interacted with Jayesh Shah, CFO of Arvind and the key highlights are as follows. The management expects 10-12% growth in textile business in FY16, driven by growth in denim (4%), woven (10%) and garments (35%). T

Buy Arvind; brand & retail profit to jump 4x in 3 years: Motilal Oswal

Buy Monsanto; cut EPS estimate to factor in weak monsoons: Motilal Oswal

Monsanto (MCHM) reported overall revenue of R6,740 crore in Q4FY15 as against R7,510 crore in Q4FY14, marking a y-o-y degrowth of 10.2%.

Buy Monsanto; cut EPS estimate to factor in weak monsoons: Motilal Oswal

Motilal Oswal maintains buy rating on PVR stock following DT Cinemas deal

PVR acquired DT Cinemas from DLF for Rs 500 crore.

pvr dt cinema News

Regulatory hurdle a key risk for Sun TV: Motilal Oswal

We are withdrawing our rating on Sun TV Network pending clarity on regulatory issues.

Regulatory hurdle a key risk for Sun TV: Motilal Oswal

Maintain buy on Prestige on four-pronged growth model: Motilal Oswal

Our recent interaction with Prestige Estate (PEPL) top management highlights its evolving approach to sustain growth by combating concerns of base effect.

Maintain buy on Prestige on four-pronged growth model: Motilal Oswal

Maintain buy on Sobha Developers with target price of Rs 510: Motilal Oswal

Sobha Developers (Sobha) reported Q4FY15 revenue of Rs 510 crore (-19% y-o-y) missed estimates due to delay in recognition from Silicon Oasis II, which was expected to reach threshold in Q4. Ebitda de-grew 17% y-o-y to Rs 142

Maintain buy on Sobha Developers with target price of Rs 510: Motilal Oswal

‘Under review’ rating on Idea Cellular: Data, voice traffic rise

Significant step-up in capex; net debt increases on spectrum fee.

‘Under review’ rating on Idea Cellular: Data, voice traffic rise

Andhra Bank’s lower slippages key positive

Andhra Bank’s Q4FY15 PAT was at Rs 190 crore (2x y-o-y on a lower base), driven by healthy NIM, strong loan growth and lower credit costs.

Andhra Bank’s lower slippages key positive

Buy UltraTech Cement, cost benefits percolating

Buy UltraTech Cement with a target price of Rs 3,534, implied FY17e EV/ebitda of 13.5x.

Buy UltraTech Cement, cost benefits percolating