Cera Sanitaryware by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Ceramics/Marble/Granite/SanitarywarePrice on Analysis date: Rs. 6765Target Rs. 8416(24% Upside potential)Target Period: 12 Months Cera Sanitaryware Stock Research Report Muted quarter, H2FY25 to be better; upgrade to BUY on reasonable valuations….. Cera Sanitaryware (CRS) reported Q2FY25 consol. revenue growth of 6.4% YoY with faucetware growing ~20% YoY […]
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Natco Pharma by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Pharmaceuticals & DrugsPrice on Analysis date: Rs. 1367Target Rs. 1430(5% Upside potential)Target Period: 12 Months Natco Pharma Stock Research Report Strong quarter, pipeline build-up underway….. Natco’s Q2FY25 result was strong driven by gRevlimid. Cashflow generated from gRevlimid windfall is being used to develop NCEs, oligonucleotides and […]
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Alkem Laboratories by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Pharmaceuticals & DrugsPrice on Analysis date: Rs. 5571Target Rs. 6155(10% Upside potential)Target Period: 12 Months Alkem Laboratories Stock Research Report Growth to accelerate ahead, FY25 margin guidance raised….. Alkem Laboratories (Alkem) Q2FY25 revenue growth was dragged by a sharp fall of 22.1% YoY in US while […]
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Samvardhana Motherson International by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Auto Ancillaries – Auto, Truck & Motorcycle PartsPrice on Analysis date: Rs. 161Target Rs. 185(16% Upside potential)Target Period: 12 Months Samvardhana Motherson International Stock Research Report Operational performance below expectation; M&As to add to profitable growth ahead….. Samvardhana Motherson International’s (SAMIL) EBITDAM at 8.8% in […]
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Eicher Motors by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Automobile – LCVS/ HVCSPrice on Analysis date: Rs. 4589Target Rs. 4850(6% Upside potential)Target Period: 12 Months Eicher Motors Stock Research Report Higher marketing spends impact profitability; focus on volume growth ahead….. Eicher Motors’ (EIM) Q2FY25 standalone EBITDAM came in at 26.3%, down ~160bps QoQ (vs consensus […]
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Blue Dart Express by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Courier ServicesPrice on Analysis date: Rs. 7441Target Rs. 7500(1% Upside potential)Target Period: 12 Months Blue Dart Express Stock Research Report Volume uptick visible, but margin is still stagnant….. Blue Dart Express’ (BDE) Q2FY25 performance missed our and consensus’ estimates. Key points: 1) Number of shipments […]
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Astra Microwave Products by ICICI SecuritiesAnalysis dated 13 November 2024Sector: DefencePrice on Analysis date: Rs. 738Target Rs. 935(27% Upside potential)Target Period: 12 Months Astra Microwave Products Stock Research Report Growth trajectory intact….. Astra Microwave Products (AMP) posted steady performance in Q2FY25. Key points: 1) Consolidated EBITDA rose 18.2% YoY at INR 492mn while revenue rose […]
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National Aluminium Company by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Aluminium & Aluminium ProductsPrice on Analysis date: Rs. 220Target Rs. 235(7% Upside potential)Target Period: 12 Months National Aluminium Company Stock Research Report Benefitting from the supply crunch….. NALCO’s Q2FY25 performance was significantly ahead of street estimates. Key points: 1) Profitability of both alumina and aluminium […]
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CESC by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Power Generation/DistributionPrice on Analysis date: Rs. 175Target Rs. 215(23% Upside potential)Target Period: 12 Months CESC Stock Research Report RE takes up growth baton….. CESC is building its renewables platform. While the company has been a late entrant, it is gaining ground by: 1) setting up a team from […]
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Torrent Power by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Power Generation/DistributionPrice on Analysis date: Rs. 1645Target Rs. 1500(-9% Downside potential)Target Period: 12 Months Torrent Power Stock Research Report A sub-par quarter….. Torrent Power reported a sharp decline in profit QoQ in Q2FY25. Q1 profit was boosted by merchant sales from stranded capacity and expansion in […]
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November 23, 2024
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