Kalyan Jewellers India by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Diamond & JewelleryPrice on Analysis date: Rs. 670Target Rs. 740(10% Upside potential)Target Period: 12 Months Kalyan Jewellers India Stock Research Report Revenue outperformance with sustained profitability….. Q2FY25 continues to enhance confidence in Kalyan’s business model (FOCO) as it continues to outperform competition by gaining market […]
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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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November 23, 2024
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