Outlook bleak for FY21 and FY22, with RoE likely to be well below 20% seen in past; ‘Neutral’ retained as…
Despite 14.5/5% cut in FY21/22e EPS, outlook for earnings is good; ‘Buy’ retained with TP of Rs 1,000.
FY21/FY22e EPS down 7.4/9.0% due to outlook; valuations are fair; ‘Neutral’ retained with TP of Rs 410
High debt a key concern for company; ‘Neutral’ maintained with target price of Rs 424
Caratlane’s operations were hit due to lockdown. Many of its stores are in malls and have not reopened yet. However,…
In FY20, D-Mart added 38 stores vs 21 in FY19. In FY21, we expect lower store adds, while in FY22, this…
We expect JSTL to sail through these uncertain times due to Covid-19 given its ability to export higher volumes. We expect lower…
FY21/22e EPS up 2/5%; TP raised to Rs 3,775 from Rs 3,490; ‘Neutral’ retained as valuations capture positives
Subscriber adds were flat q-o-q at 284 million, but 4G subs grew 10% q-o-q to 136 million, thus leading the…
Further, along with the previous three deals — Facebook, Silver Lake and Vista — this could help RJio in realisation…
Prices of paddy (down 9% y-o-y) and soyabean (flat y-o-y) have remained firm (relatively); thus, the sowing of these crops…
Q4 Ebitda was in line with estimates; RIL on track to be debt free by end FY21, which could drive…
AU Small Finance Bank (SFB) reported an increase of 3.5% year-on-year in PAT to Rs 120 crore (our estimate: Rs…
CY20e volumes cut by 6% due to Covid-19; limited upside from current levels; ‘Neutral’ maintained.
APE growth down 20% y-y led by ULIPs; FY21/22 EPS cut by 12/18% to factor in softer growth; TP revised…
The back-ended nature of commercialisation (1.7 GW over Feb-March ‘20) means the full benefit of these would be realised in…
In light of the heightened uncertainty in the near term, we were not taken aback by the cautious outlook. Beyond…
Prudential provisioning to ensure steady earnings trajectory; FY21/22e EPS cut by Rs 2% due to present crisis; ‘Buy’ maintained
