PVR LTD, Multiplex behemoth arrives Call & Research Report by Prabhudas Lilladher Sector: Film Production, Distribution & Entertainment CMP Rs. 1530, Target Rs. 2096 (37% upside potential) Target Period: 12 Months We increase our pre-IND AS EBITDA estimates for merged entity by 7.0%/7.5% for FY24E/FY25E, as we expect synergy benefits of ~Rs2bn to accrue over […]
Read more..OIL INDIA (OINL IN), Operationally strong results Call & Research Report by Prabhudas Lilladher Sector: Oil Exploration and Production CMP Rs. 224, Target Rs. 305 (36% upside potential) Target Period: 12 Months We change our FY23-25E estimates by 9.6%/4.1/-1.9% to factor in higher oil realization of US$84/75/70bbl ($73/70/70bbl earlier), even as we increase our FY23E dividend […]
Read more..AUROBINDO PHARMA (ARBP IN), Risk reward favorable Call & Research Report by Prabhudas Lilladher Sector: Pharmaceuticals & Drugs CMP Rs. 469, Target Rs. 565 (21% upside potential) Target Period: 12 Months We cut our FY24/25E EPS est. by 7%/3% to factor in lower margins and upgrade to ‘BUY’ from Accumulate with revised TP of Rs565 (Rs550 […]
Read more..KALPATARU POWER TRANSMISSION (KPP IN), Decent sales growth; merger synergies to accrue Call & Research Report by Prabhudas Lilladher Sector: Transmission Towers / Equipments CMP Rs. 493, Target Rs. 670 (36% upside potential) Target Period: 12 Months We estimate FY23/24/25E EPS at Rs35.3/45.7/57.3 and upgrade to ‘Buy’ from Accumulate with TP of Rs670 (Rs549 earlier), after […]
Read more..WESTLIFE FOODWORLD (WLDL IN), Well aligned for sustained growth Call & Research Report by Prabhudas Lilladher Sector: Hotel, Resort & Restaurants CMP Rs. 681, Target Rs. 852 (25% upside potential) Target Period: 12 Months We remain positive on WFL post our visit to Vista OSI and Radhakrishna Foodland (RKFL) which form the back bone of supply […]
Read more..APOLLO HOSPITALS ENTERPRISE (APHS IN), Strong show in hospital and SAP segment Call & Research Report by Prabhudas Lilladher Sector: Hospital & Healthcare Services CMP Rs. 4488, Target Rs. 5400 (20% upside potential) Target Period: 12 Months Apollo hospitals enterprise’s (APHS) consolidated EBITDA of Rs5.1bn (down 4% QoQ) was in-line with our estimate. Adjusted for 24×7 […]
Read more..PI INDUSTRIES (PI IN), Outperformance continues..!! Call & Research Report by Prabhudas Lilladher Sector: Pesticides & Agrochemicals CMP Rs. 3122, Target Rs. 4500 (44% upside potential) Target Period: 12 Months We increase our FY23/24/25E EPS estimates by 9%/4%/4% to factor in robust 9MFY23 performance. PI Industries (PI) 3QFY23 results were better than our and consensus estimates […]
Read more..IRCTC – INDIAN RAILWAY CATERING AND TOURISM CORPORATION, Traction in non-convenience fee continues Call & Research Report by Prabhudas Lilladher Sector: Online Services CMP Rs. 644, Target Rs. 694 (8% upside potential) Target Period: 12 Months We upgrade our FY23E/FY24E/FY25E EPS estimates by 2%/6%/7% respectively as 1) we increase our ticketing volume estimates which have […]
Read more..NARAYANA HRUDAYALAYA (NARH), Strong beat aided by India business Call & Research Report by Prabhudas Lilladher Sector: Hospital & Healthcare Services CMP Rs. 719, Target Rs. 965 (34% upside potential) Target Period: 12 Months We upward revise our FY24/FY25E EBIDTA by 3%/2%, as we factor in higher growth from India segment. Narayana Hrudayalaya (NARH) reported […]
Read more..HEALTHCARE GLOBAL ENTERPRISES (HCG), Margins in new centers to improve Call & Research Report by Prabhudas Lilladher Sector: Hospital & Healthcare Services CMP Rs. 282, Target Rs. 375 (33% upside potential) Target Period: 12 Months We broadly maintain our FY24/FY25E EBIDTA estimates. HealthCare Global Enterprises (HCG) Q3 consolidated EBIDTA was in-line with our estimates at […]
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