Emami Handsome rating: Results were above our estimates. Sales were 3.5% above our estimates. Profit after tax was 13% above…
Emami Handsome rating: Results were above our estimates. Sales were 3.5% above our estimates. Profit after tax was 13% above…
Maintain ‘buy’ on UltraTech Cement with a price target of R3,290 a share. We value the company at 12.5x EV/Ebitda,…
Cadila Healthcare’s (CDH) Q4 results were above our expectations. Revenue recorded a 16% growth…
Maintain ‘buy’ on Torrent Pharma with an increased target price of R1,373 (earlier Rs 1,278).
Jubilant Lifescience’s (JOL) sales/Ebitda in Q4 were 4%/24% ahead of consensus expectations…
Havell’s standalone Q4FY15 earnings missed our as well as the Street’s expectations by 5%/3%, as sales declined…
Risks from ING Vysya consolidation fairly low now.
Based on our recent meetings with NTPC’s management, while there is no new path-breaking catalyst…
While the market is concerned over the poor demand for the highly-priced RasGas long-term LNG…
Reliance Power was awarded the Tilaiya UMPP in February 2009 via tariff-based biddin.
JSW has declared a dividend of R2 per share (same level as in FY14), implying a payout of 30%.
Valuations could remain high on potential profitability surprises
Retain ‘neutral’ rating on Cairn India with a target price of Rs 235 per share.
Retain ‘buy’ on Shriram Transport Finance (SHTF). We view the recent price correction as a good opportunity to accumulate the…
Remain ‘neutral’ on ACC and roll-forward our target by three months to a one-year forward price of Rs 1,528 per…
Dr Reddy’s Laboratories (DRL) has disclosed that it has made three NDA filings with the US FDA, more than its…
Reiterate ‘buy’ on Dr Reddy’s Laboratories and value the stock at 20x FY17 EPS forecast of Rs 177.5, which derives…
Remain ‘neutral’ on M&M Financial Services (MMFS) with target price of R290 per share, implying implies 2x Mar-17 book…