Page 7 of Investor

Company’s showing is likely to improve; cash flow issues are cyclical; ‘Buy’ retained with TP reduced to Rs 428.

Focus on productivity and use of capital, coupled with best-in-class asset quality, behind ‘Buy’ rating.

There have been a greater number of smaller deals (

The company is on course to meet fiscal estimates; significant increase in dividend payout likely in FY20; ‘Buy’ retained

Rescindment of VAI for Unit-IV expected to cause sharp correction in price and puts at risk revenue estimates; TP down…

Ebitda margin at 8-quarter high; growth prospects are bright; TP raised to Rs 1,497; a high-conviction idea

Higher DDA & lower other income behind PAT miss; consol. FY20e EPS down 5% due to results and soft oil…

Addition of 400kTEU pa of container lines and ramp-up of LNG & LPG volumes key positives; ‘Neutral’ retained

Stress resolution outlook improves; upgraded to ‘Buy’ with TP rising to Rs 177

FY21e earnings up 2% to factor in higher jewellery growth expectations; TP raised to Rs 1,450 due to rollover; ‘Add’…