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 […]
Read more..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 […]
Read more..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 […]
Read more..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 […]
Read more..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 […]
Read more..Torrent Power by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Power Generation/DistributionPrice on Analysis date: Rs. 1645Target Rs. 1500(-9% Downside potential)Target Period: 12 Months Torrent Power Stock Research Report A sub-par quarter….. Torrent Power reported a sharp decline in profit QoQ in Q2FY25. Q1 profit was boosted by merchant sales from stranded capacity and expansion in […]
Read more..Devyani International Ltd by Deven Choksey ResearchAnalysis dated 14 November 2024Sector: Consumer FoodPrice on Analysis date: Rs. 164Target Rs. 180(9.8% upside potential)Target Period: 12 Months Devyani International Ltd by Deven Choksey Research Result highlights: 1.. For Q2FY25, DEVYANI’s revenue was INR 12,222 Mn, a growth of 49.1% YoY and a flat growth in QoQ, which […]
Read more..PI Industries Ltd by Deven Choksey ResearchAnalysis dated 15 November 2024Sector: Pesticides & AgrochemicalsPrice on Analysis date: Rs. 4250Target Rs. 4922(15.8% upside potential)Target Period: 12 Months PI Industries Ltd by Deven Choksey Research Result Highlights of Q2FY25: • PI Industries revenue missed our estimates significantly due to decline in domestic segment. EBITDA missed our estimates […]
Read more..Five Star Business Finance by Motilal Oswal Financial ServicesAnalysis dated 30 October 2024Sector: Finance – NBFCPrice on Analysis date: Rs. 877Target Rs. 1015(16% upside potential)Target Period: 12 Months Five Star Business Finance Stock Research Report ♦ Five Star Business Finance (FIVESTAR)’s 2QFY25 PAT grew 34% YoY to INR2.7b (in line). 1HFY25 PAT grew by ~36% […]
Read more..LIC Housing Finance by Motilal Oswal Financial ServicesAnalysis dated 29 October 2024Sector: Finance – HousingPrice on Analysis date: Rs. 637Target Rs. 760(19% upside potential)Target Period: 12 Months LIC Housing Finance Stock Research Report Earnings beat aided by benign credit costs ♦ LICHF’s 2QFY25 PAT rose ~12% YoY to ~INR13.3b (~11% beat). 1HFY25 PAT grew by […]
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November 17, 2024
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