NTPC :Buy , 53 % Upside Call & Research Report by ICICI Direct Research Report Date: 4 April 2021 CMP Rs. 108 Target price Rs. 165 NTPC has closed FY21 with excellent operational figures despite the challenges faced during H1FY21. NTPC group has added 3.4GW (net) commercial capacity during the year to reach 64.5GW, while […]
Read more..Aditya Birla Fashion & Retail , 17 % Upside Call & Research Report by ICICI Direct Research Report Date: 2 March 2021 CMP Rs. 192 Target price Rs. 225 At the recently held virtual ABFRL analyst meet, the company embarked on a five-year growth strategy plan with key emphasis on generating healthy FCF across business […]
Read more..JB Chemicals & Pharmaceuticals , 21 % Upside Call & Research Report by ICICI Direct Research Report Date: 2 March 2021 CMP Rs. 1203 Target price Rs. 1456 JB Chemicals & Pharmaceuticals’ (JBCP) hosted an investor/analyst meet for the first time after KKR took the controlling stake in the company. The focus of the management […]
Read more..Greenply Industries , 44 % Upside Call & Research Report by ICICI Direct ResearchReport Date: 1 March 2021CMP Rs. 174 Target price Rs. 250 After several quarters of muted/decline in volumes, Greenply Industries (MTLM) has finally returned to growth (with a bang: high double-digit growth) – that is the insight from our conversations with multiple […]
Read more..Piramal Enterprises , 24 % Upside Call & Research Report by ICICI Direct ResearchReport Date: 1 March 2021CMP Rs. 1829 Target price Rs. 2265 Piramal Enterprises (PEL) has uniquely positioned itself in the pharma business to not only leverage from its niche business model but also capitalise the upcoming organic and inorganic opportunities that augurs […]
Read more..Tata Motors , 32 % Upside Call & Research Report by ICICI Direct ResearchReport Date: 27 February 2021CMP Rs. 323 Target price Rs. 427 JLR’s management shared details of its electrification strategy at its annualinvestor day (26th Feb). The key takeaways include: a) Pivoting portfolio towards focussed luxury (away from mass luxury) with Jaguar pure […]
Read more..Sanofi India , 7 % Upside Call & Research Report by ICICI Direct Research Report Date: 23 February 2021 CMP Rs. 7973 Target price Rs. 8594 Sanofi India’s (SANL) Q4CY20’s performance remained weak during the quarter. Revenue declined 12.8% YoY to Rs7.2bn but sequentially improved by 4.9%. EBITDA margin improved 160bps YoY with lower expenses […]
Read more..Indian Bank , 20 % Upside Call & Research Report by ICICI Direct Research Analysts : Kajal Gandhi,Vishal Narnolia,Sameer Sawant Report Date: 19 February 2021 CMP Rs. 150 Target price Rs. 188 Indian Bank reported a good set of Q3FY21 numbers relative to PSU peers. Asset quality on a notional/proforma basis remained steady while a […]
Read more..TCS , 15% upside Call & Research Report by ICICI Securities Research Report Date: 11 January 2021 CMP Rs. 3120 Target price Rs. 3600 Tata Consultancy Services (TCS) reported a healthy set of Q3FY21 numbers that were above our estimates on all fronts. Growth happened across geographies and verticals. The QoQ growth in revenues was […]
Read more..D Mart , 6% upside Call & Research Report by ICICI Securities Research Report Date: 11 January 2021 CMP Rs. 2960 Target price Rs. 3130 D-Mart’s Q3FY21 results were above our and consensus estimates across all parameters. Driven by healthy surge in festive demand, revenue for Q3 grew 10.8% YoY to Rs 7542.0 crore (up […]
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