Initiate coverage on InterGlobe Aviation with ‘buy’ rating Despite our 44% earnings CAGR through FY18, we assign lower FY17e target…
JLR Nov-15 wholesale volumes were up ~24% YoY (5% MoM) to 51,021units (v/s est. 46,953 units).
November-15 volumes grew 28% y-o-y to ~63,307 units (v/s est 65,528 units), driven by ~25% y-o-y growth in UVs and…
National Aluminum Company (NACL’s) 2QFY16 EBITDA of Rs 340 crore (down 28% YoY) was well ahead of our estimate of…
Gujarat State Petronet (GSPL) reported an Ebitda at Rs 220 crore (est Rs 250 crore; -31% YoY, flat on adj.…
Hindustan Zinc (HZL) reported strong set of numbers. Adj. EBITDA at Rs 20.3b (up 1% YoY) was ahead of our…
TTK Prestige plans to introduce 100 new SKUs in FY16, of which 75 have already been launched. During the quarter,…
Sun Pharma’s FY15 annual report analysis highlights 71% YoY increase in revenue to Rs 274 billion while EBITDA margins declined…
Maintain ‘buy’ on Sobha Developers with a target price of R400 per share. Only 42% of the 4 million sq.…
Coal India’s adjusted Ebitda is likely to rise at a 12.8% CAGR to Rs 38,600 crore by FY20, largely benefiting…
Land Rover volumes are down ~2% while Jaguar’s volumes have grown ~42%.
Differentiated US launches and Gavis key growth drivers
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.
Maintain buy on Jubilant Foodworks (Jubilant) with a target price of R2,100 per share, valuing the stock at 45x September…
Britannia’s Q1FY16 consolidated performance was ahead of estimates with sales, ebitda and PAT posting 13%, 75% and 67% growth y-o-y…
Investor expectation of superior performance backs stock
Bajaj Finance (BAF) Q1FY16 PAT stood at Rs 276 crore, up 30% y-o-y and 19% q-o-q. Healthy AUM growth…
ACC posted decade-low Q2 margins, as pricing fails to show resilience amidst continued weakness in demand. Volume de-grew …
