ICICI PRUDENTIAL LIFE INSURANCE Stock Research Report by Motilal Oswal Sector: Life & Health Insurance CMP Rs. 456, Target Rs. 550 (21% upside potential) Target Period: 12 Months ICICI PRUDENTIAL LIFE INSURANCE Stock Research Report: Premium/VNB growth healthy; margins moderate sequentially Persistency trends improve across cohorts ● ICICI Prudential Life Insurance (IPRU) reported a strong […]
Read more..ONE 97 COMMUNICATIONS Stock Research Report by Motilal Oswal Sector: Online Services CMP Rs. 644, Target Rs. 865 (34% upside potential) Target Period: 12 Months ONE 97 COMMUNICATIONS Stock Research Report: Get Set PAY! Two-pronged strategy to drive profitability | EBITDA to break-even in FY25E ● Scale matters: One 97 Communications Ltd (Paytm) is India’s […]
Read more..INFOSYS Stock Research Report by Motilal Oswal Sector: IT Services & Consulting CMP Rs. 1387, Target Rs. 1520 (10% upside potential) Target Period: 12 Months INFOSYS Stock Research Report: Weak Q4 performance to impact FY24 topline delivery Focus to shift to FY25 after near-term correction ● INFO reported a weak 4QFY23 revenue of USD4.55b, down […]
Read more..BHARTI AIRTEL Stock Research Report by Motilal Oswal Sector: Telecommunication – Service Provider CMP Rs. 768, Target Rs. 950 (24% upside potential) Target Period: 12 Months BHARTI AIRTEL Stock Research Report: Soft landing ahead Earnings pace cools off, capex heats up Bharti has seen decent earnings growth for the last 12 quarters. However, we expect […]
Read more..ICICI LOMBARD Stock Research Report by Motilal OswalSector: Multiline Insurance & BrokersCMP Rs. 1130, Target Rs. 1400 (24% upside potential) Target Period: 12 Months ICICI LOMBARD Stock Research Report: Expense ratio beats estimates, Claim ratio higher than expectations● In 4QFY23, underwriting loss amounted to INR2.5b compared to a loss of INR2.9b in 3QFY23 v/s. our estimates […]
Read more..G R INFRAPROJECTS, Execution in line; revenue guidance cut due to delays in new order inflows Call & Research Report by Motilal Oswal Sector: Construction – Infrastructure CMP Rs. 1215, Target Rs. 1400 (15% upside potential) Target Period: 12 Months ● G R Infraprojects (GRIL)’s revenue grew 4.4% YoY (+7% QoQ) to ~INR18.9b in 3QFY23 […]
Read more..CAMPUS ACTIVEWEAR, Soft demand; controlled costs support margin Call & Research Report by Motilal Oswal Sector: Footwear CMP Rs. 406, Target Rs. 480 (18% upside potential) Target Period: 12 Months ● Campus PAT declined 12% YoY (22% miss) due to slow revenue growth (7% YoY) in the backdrop of soft discretionary demand, particularly in the […]
Read more..BHARAT FORGE, Standalone in line; losses widen at international subs Call & Research Report by Motilal Oswal Sector: Metals – Castings/Forgings CMP Rs. 874, Target Rs. 1065 (22% upside potential) Target Period: 12 Months Defense order wins gain momentum in exports; domestic orders awaited ● BHFC’s 3QFY23 standalone performance was in line, as strong revenue […]
Read more..EICHER MOTORS, In-line result; stable performance despite weak mix Call & Research Report by Motilal Oswal Sector: Automobile – LCVS/ HVCS CMP Rs. 3175, Target Rs. 3625 (14% upside potential) Target Period: 12 Months Full benefits of softening RM costs and price hikes to reflect in 4Q ● EIM’s 3QFY23 consol EBITDA margin of 23% […]
Read more..GRASIM, VSF segment disappoints; chemicals in line Call & Research Report by Motilal Oswal Sector: Diversified CMP Rs. 1605, Target Rs. 1900 (18% upside potential) Target Period: 12 Months VSF’s capacity utilization to be at ~85% in 4Q v/s 71% in 3Q ● Grasim’s 3Q result was a significant miss to our estimates, led by […]
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