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 […]
Read more..
CAMS by Motilal Oswal Financial ServicesAnalysis dated 29 October 2024Sector: Finance – InvestmentPrice on Analysis date: Rs. 4330Target Rs. 5500(27% upside potential)Target Period: 12 Months CAMS Stock Research Report ♦ CAMS reported operating revenue of INR3.6b in 2QFY25, up 33% YoY (6% beat). For 1HFY25, it grew 30% YoY to ~INR7b. ♦ The Non-MF businesses […]
Read more..
SBI Cards by Motilal Oswal Financial ServicesAnalysis dated 29 October 2024Sector: Bank – PrivatePrice on Analysis date: Rs. 685Target Rs. 750(9% upside potential)Target Period: 12 Months SBI Cards Stock Research Report Guides for elevated credit cost in the near term ♦ SBI Cards (SBICARD) reported a sharp miss on PAT (31% miss) at INR4.04b. ♦ […]
Read more..
Canara Bank by Motilal Oswal Financial ServicesAnalysis dated 29 October 2024Sector: Bank – PrivatePrice on Analysis date: Rs. 104Target Rs. 125(20% upside potential)Target Period: 12 Months Canara Bank Stock Research Report Asset quality improves further ♦ Canara Bank (CBK) reported 2QFY25 standalone PAT at INR40b (11.3% YoY growth, 6% beat) driven by lower opex. ♦ […]
Read more..
Bharti Airtel Ltd by Axis SecuritiesAnalysis dated 30 October 2024Sector: Telecommunication – Service ProviderPrice on Analysis date: Rs. 1636Target Rs. 1880(15% Upside potential)Target Period: 12 Months Bharti Airtel Ltd Stock Research Report Strong Business Matrix; ARPU Gains Continue Est. vs. Actual for Q2FY25: Revenue – BEAT; EBITDA Margin – BEAT; PAT – BEAT Changes In […]
Read more..
SIS Ltd by Axis SecuritiesAnalysis dated 30 October 2024Sector: Misc. Commercial ServicesPrice on Analysis date: Rs. 385Target Rs. 540(40% Upside potential)Target Period: 12 Months SIS Ltd Stock Research Report Better Recovery; Improving Outlook to Support Growth Est. Vs. Actual for Q2FY25: Revenue – BEAT ; EBITDA Margin – BEAT; PAT – BEAT Changes in Estimates […]
Read more..