Axis Bank by ICICI SecuritiesAnalysis dated 18 October 2024Sector: Bank – PrivatePrice on Analysis date: Rs. 1132Target Rs. 1350(19% Upside potential)Target Period: 12 Months Axis Bank Stock Research Report Business growth soft; retail slippages elevated but overall asset quality stable Despite 9% YoY growth in NII, Axis Bank (Axis) reported Q2FY25 PAT of INR 69.2bn, […]
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Mphasis by ICICI SecuritiesAnalysis dated 17 October 2024Sector: IT Services & ConsultingPrice on Analysis date: Rs. 3080Target Rs. 3360(9% Upside potential)Target Period: 12 Months Mphasis Stock Research Report BFS recovery comes in full swing MPHL’s Q2FY25 growth exceeded our and consensus estimates with 2.4% CC growth, led by: 1) BFS and TMT growth; 2) stabilisation […]
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Wipro by ICICI SecuritiesAnalysis dated 18 October 2024Sector: IT Services & ConsultingPrice on Analysis date: Rs. 529Target Rs. 500(-5% Downside potential)Target Period: 12 Months Wipro Stock Research Report Continued problems in manufacturing, energy & utilities Wipro’s (WPRO) 0.6% QoQ CC revenue was ahead of our and consensus estimates. BFSI-led growth was in line with the […]
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Infosys by ICICI SecuritiesAnalysis dated 18 October 2024Sector: IT Services & ConsultingPrice on Analysis date: Rs. 1968Target Rs. 2140(9% Upside potential)Target Period: 12 Months Infosys Stock Research Report Upbeat guidance; discretionary spends continue to pick up in BFSI Infosys reported strong revenue growth of 3.1% QoQ CC in Q2FY25 led by broad-based growth across verticals. […]
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Infosys Ltd by Axis SecuritiesAnalysis dated 18 October 2024Sector: IT Services SectorPrice on Analysis date: Rs. 1969Target Rs. 2200(12% Upside potential)Target Period: 12 Months Infosys Ltd Stock Research Report Broad-based Growth; Management Upgrades Guidance for FY25 Est. vs. Actual for Q2FY25: Revenue – Beat ; EBITDA Margin – Beat; PAT –Beat ; Deal Wins – […]
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Wipro Ltd by Axis SecuritiesAnalysis dated 18 October 2024Sector: IT Services SectorPrice on Analysis date: Rs. 529Target Rs. 470(-11% Downside potential)Target Period: 12 Months Wipro Ltd Stock Research Report Miss on Growth Estimates; Outlook Weak Est. Vs. Actual for Q2FY25: Revenue – MISS ; EBITDA Margin – MISS; PAT –MISS; Deal Wins – BEAT Changes […]
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Nestle India Ltd by Axis SecuritiesAnalysis dated 18 October 2024Sector: Consumer Food – FMCGPrice on Analysis date: Rs. 2379Target Rs. 2640(11% Upside potential)Target Period: 12 Months Nestle India Ltd Stock Research Report Short-Term Turbulence Continues, Long-Term Outlook Remains Intact; Maintain BUY Est. Vs. Actual for Q2FY25: Revenue – MISS; EBITDA – MISS; PAT – BEAT Changes […]
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LTIMINDTREE Ltd by Axis SecuritiesAnalysis dated 18 October 2024Sector: IT Services & ConsultingPrice on Analysis date: Rs. 6401Target Rs. 6720(5% upside potential)Target Period: 12 Months LTIMINDTREE Ltd Stock Research Report Results Beat Expectations; Improved Outlook Est. Vs. Actual for Q2FY25: Revenue – BEAT ; EBITDA Margin – BEAT ; PAT – BEAT Change in Estimates […]
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Axis Bank by Motilal Oswal Financial ServicesAnalysis dated 17 October 2024Sector: Bank – PrivatePrice on Analysis date: Rs. 1131Target Rs. 1225(8.0% upside potential)Target Period: 12 Months Axis Bank Stock Research Report ⇒ Axis Bank (AXSB) reported 2QFY25 net profit of INR69.2b (up 18% YoY, 4% beat) as tax reversals and treasury gains offset higher provisions. […]
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Manappuram Finance by Axis SecuritiesAnalysis dated 18 October 2024Sector: Finance – NBFCPrice on Analysis date: Rs. 177Target Rs. 175(-1.0% Downside potential)Target Period: 12 Months Manappuram Finance Stock Research Report The RBI has initiated action against select NBFCs and NBFC-MFIs and issued directions to cease and desist from sanctioning and disbursing loans effective from the close […]
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