Zensar Technologies Analysis : EBITDA margin contracted Stock Call & Research Report by HDFC Securities Sector : IT CMP Rs. 229 Target Rs. 315 ( 37 % upside) Target Period : 12 Months Zensar has disappointed on the margin front (the ~300bps QoQ decline was more than expected), while revenue growth of 3.1% QoQ CC […]
Read more..Sudarshan Chemicals Analysis : Maintain a BUY Stock Call & Research Report by HDFC Securities Research Sector : Chemicals CMP Rs. 430, Target Rs. 620 ( 44% upside) Target Period : 12 Months We maintain a BUY recommendation on Sudarshan Chemical (SCIL), with a target price of INR 620/share. We expect SCIL’s PAT to grow […]
Read more..Aditya Birla Capital Analysis : Solid Potential Stock Call & Research Report by HDFC Securities Research Sector : NBFC CMP Rs. 93, Target Rs. 164 ( 76% upside) Target Period : 12 Months NBFC and HI businesses close in on potential A year since articulating its ambitious FY24 roadmap, ABCL’s journey to drive consolidated return […]
Read more..Prestige Estates Analysis , Strong presales Stock Call & Research Report by HDFC Securities Research Sector : Real Estate CMP Rs. 394, Target Rs. 600 ( 52% upside) Target Period : 12 Months Prestige Estates (PEPL) registered presales of INR 32.7bn (+76.6%/-23.4% YoY/QoQ) in Q4FY22, with collections at INR 24.6bn (+39%/+1% YoY/QoQ). The sales were […]
Read more..Info Edge Analysis , Core driving growth Stock Call & Research Report by HDFC Securities Research Sector : Miscellaneous CMP Rs. 3903, Target Rs. 4800 ( 23% upside) Target Period : 12 Months Infoedge posted a strong quarter, with both revenue (+9.5% QoQ) and margin coming in ahead of estimates. This growth was led by […]
Read more..Computer Age Management Analysis , an in-line revenue Call & Research Report by HDFC Securities Research Sector : IT CMP Rs. 2418, Target Rs. 2885 ( 20% upside) Target Period : 12 Months CAMS reported an in-line revenue (+2% QoQ, similar to other AMCs); however, higher admin and opex led a 4% sequential dip in […]
Read more..City Union Bank Analysis , Strong upside Call & Research Report by HDFC Securities Research Sector : Mid size Bank CMP Rs. 137, Target Rs. 218 ( 56 % upside potential) Target Period : 12 Months Despite a higher credit cost (~1.8% annualised), City Union Bank’s (CUBK) Q4FY22 earnings were 8% ahead of our estimates […]
Read more..Dilip Buildcon Analysis : 69% Gains expected Call & Research Report by HDFC Securities Research Sector : Infrastructure CMP Rs. 236, Target Rs. 400 ( 69 % upside potential) Target Period : 12 Months Dilip Buildcon (DBL) reported revenue/EBITDA/PAT at INR 25/2.4/0.03bn—a miss on revenue/EBITDA, while PAT was in line with our estimate. EBITDA margin, […]
Read more..CESC : 40% Gains expected Call & Research Report by HDFC Securities Research Sector : Power Generation CMP Rs. 79, Target Rs. 113 ( 40 % upside potential) Target Period : 12 Months CESC’s consolidated PAT in Q4FY22 increased marginally by 3.7% YoY to INR4.5bn, as higher earnings in the Noida circle (from higher power […]
Read more..Excel Industries : Strong position Call & Research Report by HDFC Securities Sector : Agro Chemicals CMP Rs. 1505, Target Rs. 1795 ( 20 % upside potential) Target Period : 12 Months The company has delivered healthy revenue/PAT growth of 10.8%/22.2% CAGR over FY16-21 on the back of its diversified end- user industry applications; strong […]
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