ONE97 COMMUNICATIONS (PAYTM) Stock Research Report by ICICI Securities Sector: Online Services CMP Rs. 690, Target Rs. 1055 (53% upside potential) Target Period: 12 Months ONE97 COMMUNICATIONS (PAYTM) Stock Research Report: Robust growth and operating leverage likely to bring profits earlier than expected One97 Communications (Paytm) has reported a strong FY23, best underlined by an […]
Read more..BLUE STAR Stock Research Report by ICICI Securities Sector: Air Conditioners CMP Rs. 1437, Target Rs. 1480 (3% upside potential) Target Period: 12 Months BLUE STAR Stock Research Report: Market share gains (likely) with improving profitability Blue Star has reported strong performance compared to peers. While it has maintained strong revenue growth and likely gained […]
Read more..COAL INDIA Stock Research Report by ICICI Securities Sector: Coal CMP Rs. 236, Target Rs. 255 (8% upside potential) Target Period: 12 Months COAL INDIA Stock Research Report: Wage provisioning overhang has been done with Coal India’s (CIL) Q4FY23 performance (adj. for wage provisioning) was slightly higher than consensus estimates. Key points: 1) Wage provisioning […]
Read more..EQUITAS SMALL FINANCE BANK Stock Research Report by ICICI Securities Sector: Bank – Private CMP Rs. 73, Target Rs. 100 (37% upside potential) Target Period: 12 Months EQUITAS SMALL FINANCE BANK Stock Research Report: Asset quality improved sharply; RoA sustained at >2% despite higher credit cost Q4FY23 was the second consecutive quarter in which Equitas […]
Read more..FEDERAL BANK Stock Research Report by ICICI Securities Sector: Bank – Private CMP Rs. 128, Target Rs. 180 (41% upside potential) Target Period: 12 Months FEDERAL BANK Stock Research Report: RoA sustained at >1.3%; strong credit growth momentum to continue in FY24E Multi-quarter high RoA / RoE at 1.45% / 17.5% despite 18bps QoQ decline […]
Read more..SANSERA ENGINEERING Stock Research Report by ICICI Securities Sector: Auto Ancillaries – Others CMP Rs. 739, Target Rs. 939 (27% upside potential) Target Period: 12 Months SANSERA ENGINEERING Stock Research Report: Catalysts in place for earnings growth acceleration Sansera Engineering’s (SEL) earnings remained hovered around Rs400mn / quarter throughout FY22 FY23 due to weak demand […]
Read more..BLUE DART EXPRESS Stock Research Report by ICICI Securities Sector: Courier Services CMP Rs. 5797, Target Rs. 5415 (7% downside potential) Target Period: 12 Months BLUE DART EXPRESS Stock Research Report: Margins continue to decline Blue Dart Express’ (BDE) Q4FY23 performance undershot street estimates by 6%; however, it was broadly in line with our estimates. […]
Read more..DCB BANK Stock Research Report by ICICI Securities Sector: Bank – Private CMP Rs. 106, Target Rs. 120 (13% upside potential) Target Period: 12 Months DCB BANK Stock Research Report: Healthy quarter but FY24 RoAs appear capped; management succession is key monitorable DCB Bank (DCB) has reported a strong quarter with Q4FY23 PAT at Rs1.42bn […]
Read more..HCL TECHNOLOGIES Stock Research Report by ICICI Securities Sector: IT Services & Consulting CMP Rs. 1038, Target Rs. 1065 (3% upside potential) Target Period: 12 Months HCL TECHNOLOGIES Stock Research Report: Inline results and guidance: Low exposure to troubled BFSI clients leads to better outcome HCL Tech (HCLT) reported its Q4FY23 revenues at US$3,235mn, down […]
Read more..TATA COMMUNICATIONS Stock Research Report by ICICI Securities Sector: Telecommunications Services CMP Rs. 1231, Target Rs. 1510 (23% upside potential) Target Period: 12 Months TATA COMMUNICATIONS Stock Research Report: Confident on delivering sustainable growth Tata Communications’ (TCom) Q4FY23 data revenue grew 2.2% QoQ / 11.2% YoY sustaining double-digit growth. However, data EBITDA margin dipped 240bps QoQ […]
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