Research Report - Stock Analysis Report | Research 360 by Motilal Oswal

Company Report

Company reports go into material details like financial results, management interaction and activity, growth prospects for the company, valuation data, and so much more.

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AU Small Finance
25 Apr 2024
CMP
₹608.85
Target Price
₹735 (21% )
MO Reco.
Buy
  • AU Small Finance Bank had a mixed quarter due to merger char..
  • Margins were affected by rising cost of funds, but disburse..
Axis Bank
25 Apr 2024
CMP
₹1,127.00
Target Price
₹1,200
MO Reco.
Neutral
  • Axis Bank reported 4QFY24 results with changes in estimates,..
  • Margins expanded 5bp QoQ, aided by treasury gains, with hea..
Equitas Sma. Fin
25 Apr 2024
CMP
₹99.00
Target Price
₹125 (26% )
MO Reco.
Buy
  • Equitas Small Finance reported in-line earnings for 4QFY24 w..
  • Despite one-off items, the bank reported a PAT of INR2.33b...
Indian Hotels Co
25 Apr 2024
CMP
₹577.25
Target Price
-
MO Reco.
-
  • Indian Hotels reports 17% YoY revenue growth in 4QFY24 ..
  • Driven by better occupancy and ARR...
DCB Bank
25 Apr 2024
CMP
₹136.05
Target Price
₹155
MO Reco.
Neutral
  • DCB Bank reported 9.5% YoY/23% QoQ growth in PAT to INR1.6b...
  • NII grew 4% YoY to INR5.1b, aided by 14bp QoQ expansion in ..
ICICI Pru Life
24 Apr 2024
CMP
₹564.15
Target Price
₹840 (49% )
MO Reco.
Buy
  • Cyient DLM reported strong revenue growth of ~30% YoY in 4QF..
  • EBITDA margin contracted 100bp YoY to 10.5% due to higher S..
ICICI Pru Life
24 Apr 2024
CMP
₹564.15
Target Price
₹700 (24% )
MO Reco.
Buy
  • ICICI Prudential Life Insurance reported 9.6% YoY growth in ..
  • VNB declined 26% YoY to INR7.8b, driven by a sharp correcti..
360 ONE
24 Apr 2024
CMP
₹838.75
Target Price
₹950 (13% )
MO Reco.
Buy
  • 360ONE WAM reported strong 4QFY24 results with a 46% YoY gro..
  • Total AUM rose 37% YoY to INR4.67t, with strong growth in b..
Multi Comm. Exc.
24 Apr 2024
CMP
₹4,160.85
Target Price
₹4,400(15%) (6% )
MO Reco.
Buy
  • 4QFY24 Results Update for MCX ..
  • Financials & Valuations ..
Tata Consumer
24 Apr 2024
CMP
₹1,106.25
Target Price
₹1,350 (22% )
MO Reco.
Buy
  • Tata Consumer Products reported strong operating performance..
  • EBIT growth of 20% YoY was led by healthy performance in in..
Voltas
24 Apr 2024
CMP
₹1,427.40
Target Price
-
MO Reco.
-
  • Voltas stock has appreciated by 50%+ in the last six months..
  • Strong volume growth; market share to increase in RAC segme..
Hind. Unilever
24 Apr 2024
CMP
₹2,230.85
Target Price
₹2900 (30% )
MO Reco.
Buy
  • Hindustan Unilever's 4QFY24 performance was in line with est..
  • Home care maintained mid-single-digit volume growth, while ..
LTIMindtree
24 Apr 2024
CMP
₹4,634.70
Target Price
₹5,020
MO Reco.
Neutral
  • LTIMindtree's 4QFY24 results update includes financials and ..
  • The company's revenue declined 1.3% QoQ CC in 4QFY24...
Reliance Industr
23 Apr 2024
CMP
₹2,919.95
Target Price
₹3,245 (11% )
MO Reco.
Buy
  • Reliance Industries 4QFY24 results in Oil & Gas sector..
  • RJio's revenue/EBITDA/PAT increased 2%/3%/2% QoQ in 4QFY24..
Reliance Industr
23 Apr 2024
CMP
₹2,919.95
Target Price
₹3,245 (11% )
MO Reco.
Buy
  • Reliance Industries 4QFY24 results in Oil & Gas sector..
  • RJio's revenue/EBITDA/PAT increased 2%/3%/2% QoQ in 4QFY24..
Cyient DLM
23 Apr 2024
CMP
₹698.90
Target Price
₹840 (20% )
MO Reco.
Buy
  • Cyient DLM reported strong revenue growth of ~30% YoY in 4QF..
  • Revenue jump fueled by significant traction from Defense an..
Mahindra Logis.
23 Apr 2024
CMP
₹472.15
Target Price
₹420
MO Reco.
Neutral
  • Mahindra Logistics 4QFY24 results update with financial snap..
  • 4QFY24 revenue grew by ~14% YoY to INR14.5b..
Shriram Finance
23 Apr 2024
CMP
₹2,491.85
Target Price
₹2,900 (16% )
MO Reco.
Buy
  • Shriram Finance's strong financial performance and stock out..
  • Diversified loan mix and improved geographic reach after me..
Sun Pharma.Inds.
23 Apr 2024
CMP
₹1,520.15
Target Price
₹1,870 (23% )
MO Reco.
Buy
  • Sun Pharma's strong performance in domestic formulation segm..
  • Challenges in clinical trials and regulatory issues..
Page Industries
22 Apr 2024
CMP
₹35,560.75
Target Price
₹36,500
MO Reco.
Neutral
  • Page Industries update on company's performance and outlook..
  • Interaction with CFO Deepanjan Bandyopadhyay..
Adani Ports
22 Apr 2024
CMP
₹1,330.55
Target Price
₹1,590 (19% )
MO Reco.
Buy
  • Adani Ports & SEZ Ltd (APSEZ) stock update: CMP: INR1,321 TP..
  • Company's strong financials and growth trajectory in logist..
Guj.St.Petronet
22 Apr 2024
CMP
₹293.30
Target Price
₹355 (21% )
MO Reco.
Buy
  • Company update on Gujarat State Petronet in the Oil & Gas se..
  • Disappointing tariff order issued by PNGRB for GUJS HP gas ..
HDFC Bank
21 Apr 2024
CMP
₹1,510.75
Target Price
₹1,950 (29% )
MO Reco.
Buy
  • HDFC Bank's 4QFY24 results show in-line core performance...
  • Margins improved and CD ratio declined 6% QoQ...
Wipro
20 Apr 2024
CMP
₹461.00
Target Price
₹490
MO Reco.
Neutral
  • Wipro's 4QFY24 results show a weak near-term outlook despite..
  • The company's IT Services revenue was down 0.3% QoQ in cons..
Hindustan Zinc
19 Apr 2024
CMP
₹411.50
Target Price
₹370
MO Reco.
Neutral
  • Hindustan Zinc's 4QFY24 revenue at INR75b, down 11% YoY..
  • EBITDA at INR36b, in line with estimates..
ICICI Lombard
18 Apr 2024
CMP
₹1,706.80
Target Price
₹2,100 (23% )
MO Reco.
Buy
  • ICICI Lombard's 4QFY24 results update includes NEP, investme..
  • The company has improved its combined ratio guidance for FY..
Angel One
18 Apr 2024
CMP
₹2,837.05
Target Price
₹4,200 (48% )
MO Reco.
Buy
  • Angel One's 4QFY24 results show strong performance with a su..
  • The company's net brokerage income grew 65% YoY to INR6.8b...
Bajaj Auto
18 Apr 2024
CMP
₹8,734.90
Target Price
₹8,360
MO Reco.
Neutral
  • Bajaj Auto's strong 4QFY24 performance with higher EBITDA/PA..
  • Domestic 2W volumes expected to grow 7-8% YoY in FY25E...
Equitas Sma. Fin
18 Apr 2024
CMP
₹99.00
Target Price
₹125 (26% )
MO Reco.
Buy
  • Equitas Small Finance Bank (EQUITASB) is performing well in ..
  • The bank is expected to have a steady growth outlook with a..
HDFC Life Insur.
18 Apr 2024
CMP
₹594.70
Target Price
₹670
MO Reco.
Neutral
  • HDFC Life Insurance reported 4QFY24 results with a 6% YoY PA..
  • The company's total APE declined 8% YoY in 4QFY24, with ULI..
Infosys
18 Apr 2024
CMP
₹1,438.45
Target Price
₹1,650 (15% )
MO Reco.
Buy
  • Infosys reported 4QFY24 results with a modest FY25 guidance...
  • The company's deal wins improved visibility for FY26 growth..
Tata Comm
18 Apr 2024
CMP
₹1,743.40
Target Price
₹1,910
MO Reco.
Neutral
  • Tata Communications reported 1% growth QoQ in revenue and a ..
  • Adjusting for acquisitions, data revenue and data EBITDA wa..
TCS
15 Apr 2024
CMP
₹3,852.20
Target Price
-
MO Reco.
-
  • TCS reported 4QFY24 results with good performance driven by ..
  • Near-term demand commentary remains muted, but reiterate BU..
Cello World
15 Apr 2024
CMP
₹929.55
Target Price
₹1100 (18% )
MO Reco.
Buy
  • Cello World is a diversified consumerware company with a str..
  • Rapidly scaling consumer glassware business, generating rev..
PNB Housing
10 Apr 2024
CMP
₹783.25
Target Price
₹1,000 (28% )
MO Reco.
Buy
  • PNB Housing's financials and valuations are detailed in the ..
  • The company is steering through near-term headwinds for a r..
Multi Comm. Exc.
09 Apr 2024
CMP
₹4,160.85
Target Price
₹4,300 (3% )
MO Reco.
BUY
  • Company update on MCX with financials and stock performance..
  • New products and variations to drive growth..
A B B
08 Apr 2024
CMP
₹6,431.70
Target Price
₹7,500 (17% )
MO Reco.
Buy
  • ABB India's growth strategy focuses on high-growth segments ..
  • The company has seen a significant increase in order inflow..
Container Corpn.
08 Apr 2024
CMP
₹1,004.80
Target Price
₹1,120 (11% )
MO Reco.
Buy
  • Container Corporation (CCRI) is expected to benefit from the..
  • The company's strong positioning at JNPT could result in ta..
Cyient DLM
08 Apr 2024
CMP
₹698.90
Target Price
₹810 (16% )
MO Reco.
Buy
  • CyientDL is a well-integrated EMS solution provider, derivin..
  • The global A&D space is poised to grow at a healthy pace, d..
Cyient DLM
08 Apr 2024
CMP
₹698.90
Target Price
₹810 (16% )
MO Reco.
Buy
  • CyientDL is a well-integrated EMS solution provider in the A..
  • The global A&D industry is expected to grow at a healthy pa..
Brigade Enterpr.
04 Apr 2024
CMP
₹1,041.05
Target Price
₹1,250 (20% )
MO Reco.
Buy
  • Brigade Enterprise is a real estate company listed on BSE SE..
  • The company is targeting consistent growth across all segme..
APL Apollo Tubes
02 Apr 2024
CMP
₹1,549.90
Target Price
₹1,800 (16% )
MO Reco.
Buy
  • APL Apollo Tubes ended FY24 with a healthy sales volume grow..
  • The company is foraying into various international geograph..
Prestige Estates
02 Apr 2024
CMP
₹1,310.90
Target Price
₹1,535 (17% )
MO Reco.
Buy
  • Prestige Estates reported strong growth in bookings, surpass..
  • Company aims to achieve INR250b of pre-sales by FY26..
Bandhan Bank
01 Apr 2024
CMP
₹184.60
Target Price
-
MO Reco.
-
  • Bandhan Bank hosted CEO and CFO for insights into bank's pro..
  • Anticipate gradual business growth with 17-18% loan CAGR ov..
Dalmia BharatLtd
01 Apr 2024
CMP
₹1,806.45
Target Price
-
MO Reco.
-
  • Dalmia Bharat's key markets witness higher price correction ..
  • Expected double-digit volume growth in 4QFY24..
ICICI Lombard
28 Mar 2024
CMP
₹1,706.80
Target Price
₹2,000 (17% )
MO Reco.
BUY
  • ICICI Lombard held an analyst meet to outline digital initia..
  • The company has implemented digitization across segments an..
Kalpataru Proj.
28 Mar 2024
CMP
₹1,183.50
Target Price
₹1,200 (1% )
MO Reco.
Buy
  • Kalpataru Projects' stock update and financials are positive..
  • Company's revenue and earnings are expected to grow...
NMDC
28 Mar 2024
CMP
₹252.25
Target Price
₹260 (3% )
MO Reco.
BUY
  • NMDC's stock update: CMP: INR202 TP:INR260 (+29%) BUY..
  • Volume growth and capacity enhancement to drive performance..
CreditAcc. Gram.
27 Mar 2024
CMP
₹1,477.95
Target Price
-
MO Reco.
-
  • CreditAccess Grameen is well placed among peers with a stron..
  • The company is expected to sustain its dominance despite no..
Titan Company
27 Mar 2024
CMP
₹3,571.10
Target Price
₹4,300 (20% )
MO Reco.
Buy
  • Titan Company's stock update and company insights shared by ..
  • Demand trends, store expansion, and margin management strat..
Shree Cement
26 Mar 2024
CMP
₹23,971.60
Target Price
₹27,700
MO Reco.
Neutral
  • Shree Cement's stock update and financial snapshot..
  • Focus on expanding footprint in existing markets..
Interglobe Aviat
25 Mar 2024
CMP
₹3,812.55
Target Price
₹3,510
MO Reco.
Neutral
  • Indian aviation market underpenetrated, huge growth potentia..
  • INDIGO aims to expand international network, enhance custom..
AU Small Finance
19 Mar 2024
CMP
₹608.85
Target Price
₹720 (18% )
MO Reco.
Buy
  • AU Small Finance Bank approved for merger with Fincare Small..
  • Merger expected to boost loan portfolio by 16% and increase..
Kajaria Ceramics
18 Mar 2024
CMP
₹1,212.85
Target Price
₹1,600 (32% )
MO Reco.
Buy
  • Kajaria Ceramics is expected to benefit from strong demand i..
  • The company's average energy price is expected to decrease ..
360 ONE
15 Mar 2024
CMP
₹838.75
Target Price
-
MO Reco.
-
  • BSE SENSEX is at 73,097 and S&P CNX is at 22,147...
  • 360ONE WAM has strong growth momentum despite near-term cos..
ERIS Lifescience
14 Mar 2024
CMP
₹883.60
Target Price
₹930
MO Reco.
Neutral
  • Eris Lifesciences has agreed to acquire the India branded fo..
  • The acquisition will expand Eris Lifesciences' presence in ..
IRB Infra.Devl.
14 Mar 2024
CMP
₹67.80
Target Price
₹60
MO Reco.
Neutral
  • Cintra, a subsidiary of Ferrovial, has acquired a 24% stake ..
  • The total deal size for the stake acquisition is INR 65.9 b..
Varun Beverages
14 Mar 2024
CMP
₹1,441.95
Target Price
₹1,600 (11% )
MO Reco.
Buy
  • Varun Beverages has experienced robust revenue growth and st..
  • The company has adopted a multi-pronged strategy to sustain..
AU Small Finance
13 Mar 2024
CMP
₹608.85
Target Price
₹720 (18% )
MO Reco.
Buy
  • AU Small Finance Bank's RoAs have seen compression in FY24...
  • Merger with Fincare SFB expected to boost profitability and..
Cams Services
13 Mar 2024
CMP
₹3,253.40
Target Price
-
MO Reco.
-
  • CAMS commands a 50% market share among funds utilizing RTA s..
  • CAMSPay is expected to grow rapidly due to the increasing s..
Jubilant Food.
12 Mar 2024
CMP
₹439.00
Target Price
-
MO Reco.
Neutral
  • Jubilant FoodWorks has increased its stake in its Turkey and..
  • The company acquired a 33% stake in DP Eurasia in 2021, whi..
DLF
11 Mar 2024
CMP
₹893.80
Target Price
₹850
MO Reco.
Neutral
  • DLF achieved bookings of INR133b in 9MFY24, surpassing full-..
  • Fourth quarter performance will be driven by INR44b worth o..
Adani Ports
11 Mar 2024
CMP
₹1,330.55
Target Price
₹1,600 (20% )
MO Reco.
Buy
  • Adani Ports & SEZ (APSEZ) is well positioned to surpass its ..
  • APSEZ recorded a strong YoY growth of 24% in cargo volume f..
JK Lakshmi Cem.
07 Mar 2024
CMP
₹798.10
Target Price
₹1,030 (29% )
MO Reco.
BUY
  • JK Lakshmi Cement is aiming to increase its grinding capacit..
  • The company has announced expansion plans in the east and c..
IIFL Finance
06 Mar 2024
CMP
₹418.15
Target Price
₹560 (34% )
MO Reco.
Buy
  • IIFL Finance hosted a conference call to address the RBI's b..
  • The ban is expected to dampen growth and profitability for ..
Gulf Oil Lubric.
06 Mar 2024
CMP
₹1,043.15
Target Price
-
MO Reco.
-
  • Gulf Oil Lubricants India (GOLI) is a prominent player in th..
  • GOLI focuses on volume growth and market share gain...
Mahanagar Gas
06 Mar 2024
CMP
₹1,449.25
Target Price
₹1,665 (15% )
MO Reco.
Buy
  • Mahanagar Gas stock price declined after government comments..
  • Market overreaction and profit-booking led to stock price c..
Tata Motors
05 Mar 2024
CMP
₹1,001.25
Target Price
₹1,000
MO Reco.
Neutral
  • Tata Motors has announced the demerger of its business verti..
  • The demerger will separate the commercial vehicle (CV) busi..
Hindalco Inds.
05 Mar 2024
CMP
₹646.80
Target Price
₹600
MO Reco.
Buy
  • Hindalco is undertaking a capacity expansion initiative to d..
  • The company is investing in multi-locational, multi-product..
Updater Services
05 Mar 2024
CMP
₹309.50
Target Price
-
MO Reco.
-
  • Updater Services is a leading business service provider in I..
  • Strong growth expected in high-margin BSS services and IFM ..
Avalon Tech
04 Mar 2024
CMP
₹528.00
Target Price
₹610 (16% )
MO Reco.
Buy
  • Avalon Technologies is a company in the Indian EMS sector wi..
  • The company serves emerging and fast-growing industries suc..
CEAT
04 Mar 2024
CMP
₹2,545.80
Target Price
-
MO Reco.
-
  • CEAT, an automobile sector company, hosted an event showcasi..
  • The company has no plans for greenfield capex in FY25/26 bu..
Triveni Turbine
01 Mar 2024
CMP
₹531.00
Target Price
₹570 (7% )
MO Reco.
Buy
  • Triveni Turbine is well-positioned to capture growth in the ..
  • The company has maintained a strong market share in the dom..
Happy Forgings
01 Mar 2024
CMP
₹931.35
Target Price
-
MO Reco.
-
  • Happy Forgings is a Ludhiana-based company specializing in d..
  • Ranked as the fourth largest engineering-led manufacturer i..
Godrej Consumer
29 Feb 2024
CMP
₹1,201.80
Target Price
₹1,500 (25% )
MO Reco.
Buy
  • Godrej Consumer has made significant strategic changes under..
  • The company has focused on addressing portfolio gaps and ha..
Reliance Industr
28 Feb 2024
CMP
₹2,919.95
Target Price
₹3,210 (10% )
MO Reco.
Buy
  • Reliance Industries is expected to see strong growth in its ..
  • The company will commence operations from its PV and batter..
JSW Infrast
28 Feb 2024
CMP
₹252.20
Target Price
-
MO Reco.
-
  • JSW Infrastructure is a fast-growing port infrastructure com..
  • It has a diversified customer base, including JSW Group com..
L&T Finance Ltd
27 Feb 2024
CMP
₹167.75
Target Price
₹200 (19% )
MO Reco.
Buy
  • L&T Fin.Holdings aims for a consolidated RoA/RoE of 2.7%/15%..
  • Retail loans have grown at a CAGR of around 25% for LTFH...
Dreamfolks Servi
27 Feb 2024
CMP
₹523.90
Target Price
-
MO Reco.
-
  • DreamFolks is India's leading airport services aggregator an..
  • The company is expected to benefit from the rapid growth in..
Larsen & Toubro
26 Feb 2024
CMP
₹3,652.30
Target Price
₹4,200 (15% )
MO Reco.
Buy
  • Larsen & Toubro (LT) is a capital goods company with positiv..
  • Recent concerns about LT's performance are transient and ca..
Castrol India
26 Feb 2024
CMP
₹211.35
Target Price
₹230 (9% )
MO Reco.
Buy
  • Castrol India is the 2nd largest manufacturer of automotive ..
  • The company has a strong distribution network of over 105,0..
J K Cements
26 Feb 2024
CMP
₹4,031.55
Target Price
₹5,050 (25% )
MO Reco.
Buy
  • JK Cement has demonstrated superior execution capabilities a..
  • The company achieved a capacity utilization of ~90% within ..
Cello World
26 Feb 2024
CMP
₹929.55
Target Price
-
MO Reco.
-
  • Cello World is a household brand with a diverse product port..
  • The company is expected to grow faster than the industry, w..
Grasim Inds
23 Feb 2024
CMP
₹2,367.45
Target Price
₹2,670 (13% )
MO Reco.
Buy
  • Grasim Industries has inaugurated paint plants at three loca..
  • The company aims to achieve a turnover of INR 100 billion i..
Sunteck Realty
22 Feb 2024
CMP
₹443.00
Target Price
-
MO Reco.
-
  • Sunteck Realty is expected to end FY24 with strong pre-sales..
  • The company plans to launch new projects and increase its i..
Quess Corp
22 Feb 2024
CMP
₹626.40
Target Price
-
MO Reco.
-
  • Quess Corp plans to split into three independent entities to..
  • The three entities will focus on different segments and hav..
A B B
21 Feb 2024
CMP
₹6,431.70
Target Price
₹5,800
MO Reco.
Buy
  • ABB India's 4QCY23 results beat expectations, with higher ma..
  • The company has been benefiting from strong demand for qual..
Alkem Lab
21 Feb 2024
CMP
₹4,867.65
Target Price
₹5,160
MO Reco.
Neutral
  • Alkem is a pharmaceutical company focused on domestic formul..
  • Strong presence in acute therapies, growth dependent on sea..
Jindal Steel
20 Feb 2024
CMP
₹942.25
Target Price
₹900
MO Reco.
Buy
  • Jindal Steel & Power is undergoing capacity expansion, which..
  • The expansion will make JSP the fourth largest steel manufa..
CIE Automotive
20 Feb 2024
CMP
₹489.00
Target Price
₹540 (10% )
MO Reco.
Buy
  • CIEINDIA reported weak growth in both India and EU markets, ..
  • The EU light-vehicle market is expected to decline by 3% Yo..
Coal India
19 Feb 2024
CMP
₹452.45
Target Price
₹520 (15% )
MO Reco.
Buy
  • Coal India's management expects robust demand to drive volum..
  • The e-auction premium has softened, but volumes have improv..
Glenmark Pharma.
16 Feb 2024
CMP
₹1,080.30
Target Price
₹820
MO Reco.
Neutral
  • Glenmark Pharma reported a miss on its 3QFY24 earnings due t..
  • The company has completed remediation measures at its manuf..
IIFL Finance
16 Feb 2024
CMP
₹418.15
Target Price
₹800 (91% )
MO Reco.
BUY
  • IIFL Finance is a non-banking financial company (NBFC) in In..
  • The company has a diversified product suite, including home..
M & M
15 Feb 2024
CMP
₹2,096.85
Target Price
-
MO Reco.
-
  • Mahindra & Mahindra's 3QFY24 operating performance was in li..
  • The company expects growth in mid-to-high teens for its UV ..
Aditya Bir. Fas.
15 Feb 2024
CMP
₹265.00
Target Price
-
MO Reco.
-
  • Aditya Birla Fashion and Retail (ABFRL) reported improved op..
  • Consolidated EBITDA grew 27% YoY, driven by healthy revenue..
Deepak Nitrite
15 Feb 2024
CMP
₹2,422.80
Target Price
₹2,185
MO Reco.
Neutral
  • Deepak Nitrite (DN) reported a miss in 3QFY24 due to weak pe..
  • The AI segment was affected by pricing pressure from Chines..
Gujarat Gas
15 Feb 2024
CMP
₹543.20
Target Price
₹675 (24% )
MO Reco.
Buy
  • Gujarat Gas reported lower-than-expected margin and weak vol..
  • The company expects an increase in demand for CNG from rura..
Ipca Labs.
15 Feb 2024
CMP
₹1,328.45
Target Price
₹1,080
MO Reco.
Neutral
  • IPCA Laboratories delivered in-line performance in 3QFY24...
  • Domestic formulation segment outperformed, while API/brande..
NMDC
15 Feb 2024
CMP
₹252.25
Target Price
₹280 (11% )
MO Reco.
Buy
  • NMDC's 3QFY24 results show strong performance with revenue g..
  • Blended ASP stood at INR4,748/t, higher than estimated...
Guj.St.Petronet
15 Feb 2024
CMP
₹293.30
Target Price
₹450 (53% )
MO Reco.
Buy
  • Gujarat State Petronet's 3QFY24 results were in line with es..
  • Lower volumes were offset by higher realization...
Bosch
14 Feb 2024
CMP
₹28,901.05
Target Price
-
MO Reco.
-
  • Bosch's 3QFY24 results showed a healthy beat at profitabilit..
  • The company's focus on localization is expected to bear fru..
Eicher Motors
14 Feb 2024
CMP
₹4,615.20
Target Price
-
MO Reco.
-
  • Eicher Motors' 3QFY24 operating performance came in below es..
  • Demand weakness persists despite new product launches...
Info Edg.(India)
14 Feb 2024
CMP
₹5,906.10
Target Price
₹4,950
MO Reco.
Neutral
  • Info Edge (India) reported in-line revenue performance in 3Q..
  • EBITDA margin was a strong beat at 40.4%...
Repco Home Fin
14 Feb 2024
CMP
₹520.85
Target Price
₹490
MO Reco.
Neutral
  • Repco Home Finance reported weak sequential NII growth and i..
  • Other income grew 30% YoY, supporting the in-line earnings...
Gland Pharma
14 Feb 2024
CMP
₹1,738.60
Target Price
₹2,240 (29% )
MO Reco.
Buy
  • Gland Pharma reported better-than-expected performance in 3Q..
  • However, there was a decline in India sales and inferior pe..
Muthoot Finance
14 Feb 2024
CMP
₹1,655.05
Target Price
₹1,440
MO Reco.
Neutral
  • Muthoot Finance reported a 2.5% QoQ growth in gold loans, wi..
  • The company's net interest margin remained stable at around..
Oil India
14 Feb 2024
CMP
₹612.50
Target Price
₹650 (6% )
MO Reco.
Buy
  • Oil India reported lower-than-expected EBITDA in 3QFY24 due ..
  • The company expects to double the number of wells in FY25 a..
Prestige Estates
14 Feb 2024
CMP
₹1,310.90
Target Price
-
MO Reco.
-
  • Prestige Estates Projects (PEPL) reported strong pre-sales g..
  • PEPL launched three new projects with a developable area of..
S A I L
14 Feb 2024
CMP
₹164.95
Target Price
-
MO Reco.
-
  • SAIL's 3QFY24 revenue was lower than expected due to lower s..
  • Crude steel production and sales were in line with estimate..
St Bk of India
14 Feb 2024
CMP
₹812.70
Target Price
-
MO Reco.
-
  • 1. State Bank of India (SBIN) achieves strong profitability ..
Sun TV Network
14 Feb 2024
CMP
₹634.95
Target Price
-
MO Reco.
-
  • Sun TV Network's 3QFY24 results showed soft revenue growth a..
  • Revenue grew 3.3% YoY, but ad revenues were impacted by the..
Samvardh. Mothe.
13 Feb 2024
CMP
₹127.20
Target Price
₹130 (2% )
MO Reco.
Buy
  • Samvardhana Motherson (MOTHERSO) reported in-line operating ..
  • Higher depreciation and interest costs decreased overall PA..
Aurobindo Pharma
13 Feb 2024
CMP
₹1,103.40
Target Price
₹1,080
MO Reco.
Neutral
  • Aurobindo Pharma's 3QFY24 performance exceeded expectations,..
  • The company is implementing measures to address issues high..
ERIS Lifescience
13 Feb 2024
CMP
₹883.60
Target Price
₹950
MO Reco.
Neutral
  • Eris Lifesciences reported in-line 3QFY24 results with core ..
  • The company is venturing into injectable products through t..
Galaxy Surfact.
13 Feb 2024
CMP
₹2,597.30
Target Price
-
MO Reco.
-
  • Galaxy Surfactants reported lower-than-expected EBITDA/kg an..
  • The company achieved a total volume growth of 8% YoY, with ..
G R Infraproject
13 Feb 2024
CMP
₹1,349.45
Target Price
₹1,390 (3% )
MO Reco.
Buy
  • G R Infraprojects reported a decrease in revenue in 3QFY24 d..
  • The company's order book stands at INR193b, with road proje..
Hindalco Inds.
13 Feb 2024
CMP
₹646.80
Target Price
₹590
MO Reco.
Buy
  • Hindalco's 3QFY24 results were in line with estimates, with ..
  • Capex for Novelis has been revised higher, leading to a del..
JK Lakshmi Cem.
13 Feb 2024
CMP
₹798.10
Target Price
₹1,030 (29% )
MO Reco.
BUY
  • JK Lakshmi Cement reported strong 3QFY24 results, with highe..
  • The company plans to increase its grinding capacity to 30mt..
Natl. Aluminium
13 Feb 2024
CMP
₹188.25
Target Price
₹140
MO Reco.
Neutral
  • Nalco's 3QFY24 revenue increased 2% YoY, in line with estima..
  • EBITDA jumped 68% YoY, beating estimates by 62%...
Phoenix Mills
13 Feb 2024
CMP
₹3,162.85
Target Price
₹2,245
MO Reco.
Neutral
  • Phoenix Mills reported strong growth in its 3QFY24 results, ..
  • The company beat revenue expectations and had in-line EBITD..
Siemens
13 Feb 2024
CMP
₹5,729.55
Target Price
₹4,950
MO Reco.
Buy
  • Siemens reported better-than-expected 1QFY24 results with re..
  • Order inflows improved by 10% YoY, driven by the transmissi..
Zee Entertainmen
13 Feb 2024
CMP
₹142.70
Target Price
₹200
MO Reco.
Neutral
  • Zee Entertainment's 3QFY24 results showed a decline in reven..
  • The company revised down its EBITDA/PAT estimates for FY25 ..
Kirloskar Oil
13 Feb 2024
CMP
₹954.05
Target Price
₹940
MO Reco.
Buy
  • Kirloskar Oil Engines (KOEL) reported 3QFY24 results ahead o..
  • The growth was driven by the industrial, distribution, and ..
Campus Activewe.
12 Feb 2024
CMP
₹254.45
Target Price
₹285 (12% )
MO Reco.
Buy
  • Campus Activewear's revenue remained flat YoY, recovering fr..
  • The company experienced a decline in EBITDA margins due to ..
Life Insurance
12 Feb 2024
CMP
₹984.50
Target Price
₹1,270 (29% )
MO Reco.
Buy
  • Life Insurance Corporation (LIC) reported healthy improvemen..
  • LIC's net premium grew 5% YoY in 3QFY24, but its market sha..
United Breweries
12 Feb 2024
CMP
₹2,022.35
Target Price
₹1,500 (26% )
MO Reco.
Sell
  • United Breweries (UBBL) reported healthy volume growth in 3Q..
  • However, the company's gross margin and EBITDA margin were ..
UltraTech Cem.
12 Feb 2024
CMP
₹9,683.75
Target Price
₹12,000 (24% )
MO Reco.
Buy
  • UltraTech Cement has experienced a valuation re-rating due t..
  • The company has enough organic growth opportunities to reac..
Bharat Forge
12 Feb 2024
CMP
₹1,311.85
Target Price
₹1,315 (0% )
MO Reco.
Buy
  • Bharat Forge's 3QFY24 standalone performance was in line wit..
  • Near-term outlook is cautious, with demand moderation likel..
Coal India
12 Feb 2024
CMP
₹452.45
Target Price
₹490 (8% )
MO Reco.
Buy
  • Coal India's 3QFY24 results show strong performance and cont..
  • Revenue rose 3% YoY, in line with estimates, driven by high..
GAIL (India)
12 Feb 2024
CMP
₹208.00
Target Price
₹200
MO Reco.
Buy
  • The Cabinet Committee on Economic Affairs approved equity in..
  • GAIL sees this as a step towards developing coal-to-chemica..
Glaxosmi. Pharma
12 Feb 2024
CMP
₹2,065.60
Target Price
-
MO Reco.
-
  • GSK Pharma delivered operationally in-line 3QFY24 performanc..
  • Efforts are underway to enhance the prospects of innovative..
Indigo Paints
12 Feb 2024
CMP
₹1,320.55
Target Price
₹1,800 (36% )
MO Reco.
Buy
  • Indigo Paints reported strong sales growth of 25.8% YoY, out..
  • The company's volume growth remained strong across all segm..
Multi Comm. Exc.
12 Feb 2024
CMP
₹4,160.85
Target Price
₹3,950
MO Reco.
Neutral
  • MCX reported a loss of INR54m, higher than expected, but ove..
  • Total revenue grew by 33% YoY, mainly led by a beat in non-..
O N G C
12 Feb 2024
CMP
₹281.95
Target Price
₹315 (12% )
MO Reco.
Buy
  • ONGC reported lower-than-expected performance due to write-o..
  • The management expects a 5% CAGR in overall production over..
P I Industries
12 Feb 2024
CMP
₹3,756.05
Target Price
-
MO Reco.
-
  • PI Industries reported strong revenue growth in 3QFY24, driv..
  • EBITDA grew 33% YoY in 3QFY24, but included a one-time impa..
Thermax
12 Feb 2024
CMP
₹4,300.30
Target Price
₹3,060
MO Reco.
Neutral
  • Thermax's 3QFY24 result was below estimates due to lower mar..
  • Order inflows have started improving, especially in the pow..
Vinati Organics
12 Feb 2024
CMP
₹1,602.60
Target Price
-
MO Reco.
-
  • Vinati Organics (VO) reported better-than-expected 3QFY24 re..
  • Gross margin and EBITDAM declined YoY, but management expec..
TCI Express
12 Feb 2024
CMP
₹1,060.05
Target Price
₹1,450 (37% )
MO Reco.
Buy
  • TCI Express (TCIE) reported weak operating performance in 3Q..
  • The weak macroeconomic environment, muted festive demand, a..
Divi`s Lab.
11 Feb 2024
CMP
₹3,843.80
Target Price
₹3,440
MO Reco.
Neutral
  • Divis Laboratories reported lower-than-expected earnings in ..
  • Custom synthesis business showed improvement, driven by maj..
Hero Motocorp
11 Feb 2024
CMP
₹4,498.30
Target Price
₹5,560 (24% )
MO Reco.
Buy
  • Hero MotoCorp posted an in-line operating performance in 3QF..
  • The company expects double-digit revenue growth for the ind..
Alkem Lab
10 Feb 2024
CMP
₹4,867.65
Target Price
₹5,160
MO Reco.
Neutral
  • Alkem Laboratories reported better-than-expected earnings fo..
  • The company saw strong growth in its international (ex-US) ..
Apollo Hospitals
10 Feb 2024
CMP
₹6,384.10
Target Price
₹7,400 (16% )
MO Reco.
Buy
  • Apollo Hospitals delivered better-than-expected performance ..
  • Growth in ARPOB/in-patient volume and EBITDA break-even in ..
Bandhan Bank
10 Feb 2024
CMP
₹184.60
Target Price
₹245
MO Reco.
Neutral
  • Bandhan Bank reported a mixed quarter with a 7% miss on prof..
  • Advances grew at a healthy rate of 20% YoY/8% QoQ, driven b..
Biocon
10 Feb 2024
CMP
₹291.65
Target Price
₹240
MO Reco.
Neutral
  • Biocon's 3QFY24 earnings came in below estimates due to incr..
  • Regulatory issues have delayed niche approvals for the comp..
Grasim Inds
10 Feb 2024
CMP
₹2,367.45
Target Price
₹2,670 (13% )
MO Reco.
Buy
  • Grasim's 3QFY24 EBITDA was below estimates due to higher los..
  • The VSF and Chemical segments performed better than expecte..
Emami
10 Feb 2024
CMP
₹465.00
Target Price
₹600 (29% )
MO Reco.
Buy
  • Emami reported 1.4% YoY sales growth in 3QFY24, impacted by ..
  • Volume growth remained flat, with a 1% YoY dip in 3QFY24...
KNR Construct.
10 Feb 2024
CMP
₹262.15
Target Price
₹320 (22% )
MO Reco.
Buy
  • KNR Constructions' 3QFY24 revenue grew 9% YoY, driven by Roa..
  • EBITDA margin was lower than expected due to lower executio..
Global Health
10 Feb 2024
CMP
₹1,438.40
Target Price
₹1,460 (2% )
MO Reco.
Buy
  • Global Health (Medanta) delivered strong performance in 3QFY..
  • Revenue growth was driven by high volumes in both in-patien..
MRF
10 Feb 2024
CMP
₹129,632.70
Target Price
₹1,06,760 (18% )
MO Reco.
Sell
  • MRF's 3QFY24 operating performance was below estimates due t..
  • Margins are likely to have peaked out at current levels and..
Sapphire Foods
10 Feb 2024
CMP
₹1,379.00
Target Price
₹1,600 (16% )
MO Reco.
Buy
  • Sapphire Foods reported 11.6% YoY revenue growth in 3QFY24, ..
  • KFC's same-store sales declined 2% compared to a 5% drop fo..
Zydus Lifesci.
10 Feb 2024
CMP
₹951.25
Target Price
₹820
MO Reco.
Neutral
  • Zydus LifeSciences reported better-than-expected performance..
  • The company exhibited strong execution in the domestic form..
Aditya Birla Cap
09 Feb 2024
CMP
₹229.80
Target Price
₹230 (0% )
MO Reco.
BUY
  • Aditya Birla Capital (ABCL) has strong digital capabilities ..
  • ABCL is rapidly emerging as one of the most adept non-bank ..
Zomato Ltd
09 Feb 2024
CMP
₹184.70
Target Price
₹170
MO Reco.
Buy
  • Zomato reported strong growth in its 3QFY24 results, with re..
  • The growth was driven by Blinkit and higher take rates in t..
Apollo Tyres
08 Feb 2024
CMP
₹499.30
Target Price
₹620 (24% )
MO Reco.
Buy
  • Apollo Tyres reported strong operating performance in 3QFY24..
  • Consolidated margin beat estimates, driven by the European ..
Escorts Kubota
08 Feb 2024
CMP
₹3,250.65
Target Price
₹2,765
MO Reco.
Neutral
  • Escorts Kubota's 3QFY24 results came in below estimates due ..
  • The company expects a 6-7% decline in tractor industry volu..
Cummins India
08 Feb 2024
CMP
₹3,233.40
Target Price
₹2,910
MO Reco.
Buy
  • Cummins India's 3QFY24 results exceeded estimates with stron..
  • Revenue growth was driven by a sharp uptick in the powergen..
Lemon Tree Hotel
08 Feb 2024
CMP
₹138.20
Target Price
-
MO Reco.
-
  • Lemon Tree Hotels reports strong revenue growth of 24% YoY i..
  • Growth driven by healthy average room rate (ARR) and openin..
Lupin
08 Feb 2024
CMP
₹1,594.40
Target Price
₹1,480
MO Reco.
Upgrade to Neutral
  • Lupin's 3QFY24 results beat estimates, driven by superior pe..
  • Earnings estimates for FY24/FY25/FY26 raised by 18%/16%/14%..
NOCIL
08 Feb 2024
CMP
₹275.80
Target Price
₹250
MO Reco.
Neutral
  • NOCIL's 3QFY24 results showed a price correction due to Chin..
  • EBITDA/kg increased by 13% YoY, missing estimates, while sa..
Page Industries
08 Feb 2024
CMP
₹35,560.75
Target Price
₹35,500
MO Reco.
Neutral
  • Page Industries (PAGE) reported sluggish revenue growth in 3..
  • The company implemented cost-control measures to expand EBI..
Sobha
08 Feb 2024
CMP
₹1,752.65
Target Price
₹1,700
MO Reco.
Buy
  • Sobha reported strong quarterly bookings and sales growth, d..
  • The company achieved the highest ever sales from the Bengal..
Tata Consumer
08 Feb 2024
CMP
₹1,106.25
Target Price
₹1,370 (24% )
MO Reco.
Buy
  • Tata Consumer Products (TATACONS) posted a strong operating ..
  • EBIT growth of 29% YoY was led by a healthy performance acr..
Union Bank (I)
08 Feb 2024
CMP
₹150.00
Target Price
₹165 (10% )
MO Reco.
Buy
  • Union Bank of India is focused on enhancing underwriting sta..
  • The bank expects credit growth of 10-12% in FY24...
Birla Corpn.
07 Feb 2024
CMP
₹1,430.80
Target Price
₹1,800 (26% )
MO Reco.
Buy
  • Birla Corporation has reported strong performance in its 3QF..
  • The company's Mukutban plant has shown improved utilization..
Britannia Inds.
07 Feb 2024
CMP
₹4,844.15
Target Price
-
MO Reco.
-
  • Britannia Industries reported muted revenue growth in 3QFY24..
  • Volume growth was better than expected at 5.5% due to addit..
Cams Services
07 Feb 2024
CMP
₹3,253.40
Target Price
₹3,450 (6% )
MO Reco.
Buy
  • CAMS reported a net profit of INR885m in 3QFY24, in line wit..
  • The growth in profitability was supported by an increase in..
Manappuram Fin.
07 Feb 2024
CMP
₹194.35
Target Price
-
MO Reco.
-
  • Manappuram Finance's 3QFY24 results were in line with expect..
  • Net interest margin (NIM) expanded due to higher yields...
Nestle India
07 Feb 2024
CMP
₹2,562.65
Target Price
₹2,400
MO Reco.
Neutral
  • Nestle India reported 8% YoY revenue growth in 4QCY24, with ..
  • Domestic sales grew 9% YoY, supported by pricing, mix, and ..
Trent
07 Feb 2024
CMP
₹4,323.15
Target Price
₹4,200
MO Reco.
BUY
  • Trent reports strong standalone revenue growth of 53% in 3QF..
  • Gross margin improves due to controlled costs and moderatin..
Brigade Enterpr.
07 Feb 2024
CMP
₹1,041.05
Target Price
-
MO Reco.
-
  • Brigade Enterprises reported strong performance across all s..
  • The company achieved the highest ever bookings and realizat..
Endurance Tech.
07 Feb 2024
CMP
₹1,957.30
Target Price
₹2,275 (16% )
MO Reco.
Buy
  • Endurance Technologies reported weak performance in 3QFY24 d..
  • The company aims to increase its 4W revenue contribution fr..
EPL Ltd
07 Feb 2024
CMP
₹177.65
Target Price
-
MO Reco.
-
  • EPL reported strong operating performance in 3QFY24, with EB..
  • Revenue grew 3% YoY, aided by broad-based growth...
Max Financial
07 Feb 2024
CMP
₹1,017.75
Target Price
₹1040
MO Reco.
Neutral
  • MAX Financial Services reported a decent performance in 3QFY..
  • Absolute VNB declined 17.5% YoY and VNB margins contracted ..
V-Mart Retail
07 Feb 2024
CMP
₹2,130.45
Target Price
₹2,100
MO Reco.
Neutral
  • V-Mart Retail's 3QFY24 results show improved metrics and cos..
  • EBITDA grew 15% YoY, driven by revenue growth and cost-cont..
Syrma SGS Tech.
07 Feb 2024
CMP
₹474.40
Target Price
₹720 (52% )
MO Reco.
Buy
  • Syrma SGS Technology reported strong revenue growth in 3QFY2..
  • EBITDA margins declined due to an unfavorable business mix ..
Tata Chemicals
06 Feb 2024
CMP
₹1,112.80
Target Price
₹900
MO Reco.
Neutral
  • Tata Chemicals reports 41% decline in consolidated EBITDA in..
  • Decline due to subdued operating performance and unfavorabl..
Alkyl Amines
06 Feb 2024
CMP
₹2,072.65
Target Price
₹2,125
MO Reco.
Neutral
  • Alkyl Amines (AACL) reported a 17% YoY decline in revenue in..
  • The decline was primarily due to pricing pressure from Chin..
Ashok Leyland
06 Feb 2024
CMP
₹177.70
Target Price
₹205 (15% )
MO Reco.
Buy
  • Ashok Leyland's 3QFY24 results beat expectations, with margi..
  • CV volume growth is expected to moderate in 4QFY24 and 1QFY..
Bata India
06 Feb 2024
CMP
₹1,349.45
Target Price
₹1,480
MO Reco.
Neutral
  • Bata India's 3QFY24 results showed a decline in operating pr..
  • The company added 54 new stores in the quarter, bringing th..
Bharti Airtel
06 Feb 2024
CMP
₹1,338.70
Target Price
₹1,310
MO Reco.
Buy
  • Bharti Airtel reports moderate growth in 3QFY24, with India ..
  • Capex remains flat and likely peaked out...
Fine Organic
06 Feb 2024
CMP
₹4,560.80
Target Price
₹3,460 (24% )
MO Reco.
Sell
  • Fine Organic Industries reported in-line EBITDA at INR924m i..
  • Gross margin improved 660bp YoY to 41.8% due to a decline i..
Fusion Microfin.
06 Feb 2024
CMP
₹512.40
Target Price
₹720 (41% )
MO Reco.
Buy
  • Fusion Microfinance's 3QFY24 PAT grew 23% YoY but missed est..
  • Disbursements grew 24% YoY to INR27.1b despite calibrated g..
Godrej Agrovet
06 Feb 2024
CMP
₹543.10
Target Price
₹525
MO Reco.
Neutral
  • Godrej Agrovet reported a healthy operating performance in Q..
  • The animal feed and palm oil businesses had a muted perform..
Godrej Propert.
06 Feb 2024
CMP
₹2,571.35
Target Price
₹2,855 (11% )
MO Reco.
Buy
  • Godrej Properties (GPL) reported record bookings of INR57 bi..
  • Pre-sales for 9MFY24 stood at INR130 billion, up 59% YoY...
HCL Technologies
06 Feb 2024
CMP
₹1,504.15
Target Price
₹1880 (25% )
MO Reco.
BUY
  • HCL Tech's service business has shown strong performance, wi..
  • The ER&D service line has been resilient and is expected to..
Navin Fluo.Intl.
06 Feb 2024
CMP
₹3,306.85
Target Price
₹2,950
MO Reco.
Neutral
  • Navin Fluorine International (NFIL) reported lower-than-expe..
  • The postponement of sales of key molecules and channel inve..
Triveni Turbine
06 Feb 2024
CMP
₹531.00
Target Price
₹540 (2% )
MO Reco.
Buy
  • Triveni Turbine reported strong YoY growth in revenue, EBITD..
  • Order inflow growth was driven by exports, while domestic i..
VRL Logistics
06 Feb 2024
CMP
₹567.00
Target Price
₹820 (45% )
MO Reco.
Buy
  • VRL Logistics reported 8% YoY revenue growth in 3QFY24, driv..
  • The company's EBITDA margins stood at 12.8%, lower than exp..
Interglobe Aviat
05 Feb 2024
CMP
₹3,812.55
Target Price
₹3,300
MO Reco.
Neutral
  • IndiGo reported better-than-expected results in 3QFY24, aide..
  • The company's revenue passenger kilometers (RPK) and passen..
Tata Motors
05 Feb 2024
CMP
₹1,001.25
Target Price
₹1000
MO Reco.
Buy
  • TATA Motors beats estimates for EBITDA and PAT in 3QFY24...
  • JLR maintains margin guidance and reports 8.8% EBIT margin ..
Alembic Pharma
05 Feb 2024
CMP
₹997.50
Target Price
₹910
MO Reco.
Neutral
  • Alembic Pharma reported better-than-expected operational per..
  • Sales growth was driven by formulation exports and the dome..
Barbeque-Nation
05 Feb 2024
CMP
₹559.60
Target Price
₹675
MO Reco.
Neutral
  • Barbeque Nation Hospitality reported flat revenue growth in ..
  • The company saw weak demand and sluggish growth across bran..
BSE
05 Feb 2024
CMP
₹3,147.55
Target Price
₹2,725
MO Reco.
Neutral
  • BSE reported a PAT of INR1.06b in 3QFY24, 23% below estimate..
  • Operating revenue grew 18% QoQ and 82% YoY to INR3.7b...
LIC Housing Fin.
05 Feb 2024
CMP
₹661.25
Target Price
-
MO Reco.
-
  • LIC Housing Finance reported strong earnings in 3QFY24, with..
  • Stable margins and controlled operating expenses contribute..
Mahindra Life.
05 Feb 2024
CMP
₹663.85
Target Price
₹600
MO Reco.
Neutral
  • Mahindra Lifespaces reported steady demand in ongoing projec..
  • Sales volume stood at 0.5 million square feet, down 13% YoY..
Quess Corp
05 Feb 2024
CMP
₹626.40
Target Price
₹560
MO Reco.
Neutral
  • Quess Corp reported good margin performance but muted revenu..
  • The company added strong headcount but lower than the previ..
Varun Beverages
05 Feb 2024
CMP
₹1,441.95
Target Price
₹1,500 (4% )
MO Reco.
Buy
  • Varun Beverages reported a revenue growth of 21% YoY in 4QCY..
  • The growth was driven by strong volume growth and high real..
St Bk of India
04 Feb 2024
CMP
₹812.70
Target Price
₹800
MO Reco.
Buy
  • State Bank of India (SBIN) reports 3QFY24 net profit below e..
  • Net interest margins (NIMs) contract by 7 bps QoQ to 3.22%...
Clean Science
03 Feb 2024
CMP
₹1,312.70
Target Price
₹1,420
MO Reco.
Neutral
  • Clean Science & Technology reported 3QFY24 results in line w..
  • Early signs of demand recovery, but realization remains sub..
Castrol India
03 Feb 2024
CMP
₹211.35
Target Price
₹230 (9% )
MO Reco.
Buy
  • Castrol (India) reported 4QCY23 results with revenue growth ..
  • The company benefited from lower raw material costs, leadin..
Devyani Intl.
03 Feb 2024
CMP
₹169.00
Target Price
₹195 (15% )
MO Reco.
Buy
  • Devyani International reported a 6.6% YoY revenue growth, bu..
  • KFC revenue grew 14% YoY, while Pizza Hut revenue contracte..
Mphasis
03 Feb 2024
CMP
₹2,229.30
Target Price
₹2,600
MO Reco.
Neutral
  • Mphasis (MPHL) reported 3QFY24 results in line with estimate..
  • The mortgage business and deal pushouts are expected to wei..
Tube Investments
03 Feb 2024
CMP
₹3,573.85
Target Price
₹4,025 (13% )
MO Reco.
Buy
  • Tube Investments of India's 3QFY24 results were operationall..
  • The next phase of growth is expected to come from new order..
UPL
03 Feb 2024
CMP
₹505.90
Target Price
₹530
MO Reco.
Neutral
  • UPL reported a weak quarter with a 28% YoY decline in revenu..
  • The decline in revenue was primarily due to lower agrochemi..
Aditya Birla Cap
02 Feb 2024
CMP
₹229.80
Target Price
-
MO Reco.
-
  • Aditya Birla Capital (ABCL) reported strong 3QFY24 results w..
  • The NBFC loan book grew 35% YoY and retail and SME segments..
Data Pattern
02 Feb 2024
CMP
₹3,083.10
Target Price
₹2,020
MO Reco.
Neutral
  • Data Patterns (India) reported strong revenue growth of 25% ..
  • The company recorded strong operating performance, primaril..
Indian Hotels Co
02 Feb 2024
CMP
₹577.25
Target Price
₹615 (7% )
MO Reco.
Buy
  • Indian Hotels reports 16% YoY growth in consolidated revenue..
  • Strong growth driven by 21% YoY increase in standalone busi..
Raymond
02 Feb 2024
CMP
₹2,120.40
Target Price
-
MO Reco.
-
  • Raymond reported 10% revenue growth and 13% EBITDA growth in..
  • Growth was driven by the real estate segment (up 50% YoY) a..
Torrent Pharma.
02 Feb 2024
CMP
₹2,694.30
Target Price
-
MO Reco.
-
  • Torrent Pharma's 3QFY24 results showed a healthy EBITDA grow..
  • The lack of approvals and marginal price erosion in the US ..
Godrej Consumer
01 Feb 2024
CMP
₹1,201.80
Target Price
-
MO Reco.
-
  • Godrej Consumer's consolidated net revenue grew 1.5% YoY in ..
  • The India business saw 9% YoY revenue growth with a volume ..
Jubilant Food.
01 Feb 2024
CMP
₹439.00
Target Price
-
MO Reco.
-
  • Jubilant FoodWorks reported a sales growth of 3% YoY in 3QFY..
  • Delivery business grew by 6%, while dine-in contracted by 5..
Jyothy Labs
01 Feb 2024
CMP
₹426.70
Target Price
₹500
MO Reco.
Neutral
  • Jyothy Laboratories (JYL) reported in-line sales growth of 1..
  • Volume growth stood at 11% YoY, driven by fabric care segme..
Motherson Wiring
01 Feb 2024
CMP
₹70.20
Target Price
₹75 (7% )
MO Reco.
Buy
  • Motherson Wiring's 3QFY24 results were in line with estimate..
  • The company's focus on localization and new plant ramp-up i..
Adani Ports
01 Feb 2024
CMP
₹1,330.55
Target Price
₹1,470 (10% )
MO Reco.
Buy
  • Adani Ports & SEZ reported a revenue growth of 45% YoY in 3Q..
  • Cargo volumes increased by 44% YoY, reaching 108.6 MMT in 3..
India Cements
01 Feb 2024
CMP
₹226.60
Target Price
₹185 (18% )
MO Reco.
Sell
  • India Cements reported weak volume and higher costs, leading..
  • Capacity utilization was lower compared to the previous yea..
IRB Infra.Devl.
01 Feb 2024
CMP
₹67.80
Target Price
₹60
MO Reco.
Neutral
  • IRB Infrastructure reported 3QFY24 results with revenue grow..
  • EBITDA margin came in below estimates at 44.2%...
Max Healthcare
01 Feb 2024
CMP
₹803.45
Target Price
₹930 (16% )
MO Reco.
Buy
  • Max Healthcare reported in-line 3QFY24 performance with heal..
  • Improved realization and bed capacity expansion contributed..
Titan Company
01 Feb 2024
CMP
₹3,571.10
Target Price
₹4,200 (18% )
MO Reco.
Buy
  • Titan Company posted sales growth of 22% YoY in 3QFY24, driv..
  • Jewelry sales grew 22% YoY, while watch sales grew 21.6% Yo..
Dr Reddy`s Labs
31 Jan 2024
CMP
₹6,218.75
Target Price
₹5,540
MO Reco.
Neutral
  • Dr. Reddys Labs reported a marginally better-than-expected p..
  • The company saw healthy traction in the North America and P..
M & M Fin. Serv.
31 Jan 2024
CMP
₹257.75
Target Price
-
MO Reco.
-
  • Mahindra & Mahindra Financial (MMFS) reported a core NIM exp..
  • Credit costs declined to ~1.4% and included write-offs of ~..
Team Lease Serv.
31 Jan 2024
CMP
₹3,277.40
Target Price
-
MO Reco.
BUY
  • TeamLease reported strong Q3 results with revenue growth of ..
  • The company saw growth in General Staffing and Specialized ..
Ambuja Cements
31 Jan 2024
CMP
₹638.35
Target Price
-
MO Reco.
-
  • Ambuja Cements reported higher costs leading to an earnings ..
  • Consolidated sales volume increased by 3% YoY...
Ajanta Pharma
31 Jan 2024
CMP
₹2,139.95
Target Price
₹2,515 (18% )
MO Reco.
Buy
  • Ajanta Pharma reported better-than-expected 3QFY24 results, ..
  • Domestic formulation sales were muted due to the addition o..
Bharat Electron
31 Jan 2024
CMP
₹237.60
Target Price
₹190
MO Reco.
Neutral
  • Bharat Electronics (BEL) reported higher margins and beat PA..
  • Revenue growth was impacted by supply chain issues in Israe..
Bank of Baroda
31 Jan 2024
CMP
₹268.65
Target Price
₹290 (8% )
MO Reco.
Buy
  • Bank of Baroda reported 3QFY24 PAT of INR45.8b, up 19% YoY, ..
  • Other income declined 21% YoY, affected by weak treasury in..
Coromandel Inter
31 Jan 2024
CMP
₹1,111.95
Target Price
₹1,260 (13% )
MO Reco.
Buy
  • Coromandel International reported weak operating performance..
  • The decline in margins was due to lower subsidy rates, high..
Dabur India
31 Jan 2024
CMP
₹506.45
Target Price
₹635 (25% )
MO Reco.
Buy
  • Dabur's 3QFY24 performance was largely in line with expectat..
  • Consolidated revenue increased 7% YoY, with growth in both ..
Jindal Steel
31 Jan 2024
CMP
₹942.25
Target Price
₹900
MO Reco.
Buy
  • Jindal Steel & Power (JSP) reported 3QFY24 results in line w..
  • Revenue for the quarter was down 6% YoY, but operational pr..
Kaynes Tech
31 Jan 2024
CMP
₹2,647.25
Target Price
₹3,300 (25% )
MO Reco.
Buy
  • Kaynes Technologies reported strong revenue growth of 76% Yo..
  • Margins were impacted by higher initial costs, but expected..
K E C Intl.
31 Jan 2024
CMP
₹733.80
Target Price
₹670
MO Reco.
Neutral
  • KEC International's 3QFY24 results were lower than expected ..
  • Revenue grew 14% YoY to INR50b, missing estimates...
Kajaria Ceramics
31 Jan 2024
CMP
₹1,212.85
Target Price
₹1,600 (32% )
MO Reco.
Buy
  • Kajaria Ceramics reported consolidated revenue/EBITDA growth..
  • The company expects to achieve 5-6% higher volume growth th..
Maruti Suzuki
31 Jan 2024
CMP
₹12,922.50
Target Price
-
MO Reco.
-
  • Maruti Suzuki's 3QFY24 results were in line with expectation..
  • Demand outlook for FY25 is moderating, but market share gai..
P & G Hygiene
31 Jan 2024
CMP
₹16,095.35
Target Price
₹16,000
MO Reco.
Neutral
  • P&G Hygiene and Healthcare (PGHH) recorded stagnant growth i..
  • Despite flat revenue growth, ad spending rose 14% YoY...
Piramal Pharma
31 Jan 2024
CMP
₹141.95
Target Price
-
MO Reco.
-
  • Piramal Pharma reported lower-than-expected performance in 3..
  • The company is focusing on improving sales in its key segme..
PVR Inox
31 Jan 2024
CMP
₹1,409.40
Target Price
-
MO Reco.
-
  • PVR-Inox's 3QFY24 results showed moderate occupancies and a ..
  • Financials and valuations show an increase in sales and EBI..
Relaxo Footwear
31 Jan 2024
CMP
₹840.45
Target Price
₹850
MO Reco.
Neutral
  • Relaxo Footwears posted a soft 5% YoY revenue growth in 3QFY..
  • Improvement in gross margin and controlled costs led to 21%..
Shree Cement
31 Jan 2024
CMP
₹23,971.60
Target Price
₹27,700
MO Reco.
Neutral
  • Shree Cement's 3QFY24 results beat estimates with a 74% YoY ..
  • The company has revamped its brand strategy and launched Ba..
SRF
31 Jan 2024
CMP
₹2,638.90
Target Price
₹2,250
MO Reco.
Neutral
  • SRF reported a decline in operating profitability in 3QFY24 ..
  • The chemicals business, particularly the specialty chemical..
Star Health Insu
31 Jan 2024
CMP
₹563.70
Target Price
₹730 (30% )
MO Reco.
Buy
  • Star Health reported better-than-expected 3QFY24 results, wi..
  • The company plans to implement price revisions for some pro..
Sun Pharma.Inds.
31 Jan 2024
CMP
₹1,520.15
Target Price
₹1,635 (8% )
MO Reco.
Buy
  • Sun Pharma reported in-line earnings for 3QFY24, with robust..
  • The company's R&D expenditure remained lower than expected,..
Voltas
31 Jan 2024
CMP
₹1,427.40
Target Price
₹1,230
MO Reco.
BUY
  • Voltas' 3QFY24 performance was below estimates due to higher..
  • RAC volumes grew 27% YoY, surpassing industry growth, and m..
Westlife Food
31 Jan 2024
CMP
₹822.80
Target Price
₹775
MO Reco.
Neutral
  • Westlife Foodworld reported weak performance in 3QFY24 due t..
  • Same-store sales declined 9% YoY, with 6% attributed to ext..
Blue Dart Expres
30 Jan 2024
CMP
₹6,305.05
Target Price
₹7,850 (25% )
MO Reco.
Buy
  • Blue Dart Express (BDE) reported a 3% YoY growth in revenue ..
  • BDE's EBITDA margin came in at 9.7% in 3QFY24, slightly low..
B P C L
30 Jan 2024
CMP
₹603.40
Target Price
₹475
MO Reco.
Neutral
  • BPCL reported higher-than-expected GRM and marketing margins..
  • Refining throughput was in line with estimates despite a pl..
Vodafone Idea
30 Jan 2024
CMP
₹13.90
Target Price
₹14
MO Reco.
Neutral
  • Vodafone Idea reported a 4% QoQ growth in EBITDA, driven by ..
  • The company lost 4.6 million subscribers, leading to flat r..
Larsen & Toubro
30 Jan 2024
CMP
₹3,652.30
Target Price
₹4,200 (15% )
MO Reco.
Buy
  • Larsen & Toubro (L&T) reports strong 3QFY24 results with rob..
  • Core E&C segment shows strong revenue and EBITDA growth...
Mahindra Logis.
30 Jan 2024
CMP
₹472.15
Target Price
₹380
MO Reco.
Neutral
  • Mahindra Logistics (MLL) reported subpar performance in 3QFY..
  • The weak performance was primarily due to the underperforma..
Petronet LNG
30 Jan 2024
CMP
₹302.60
Target Price
₹295
MO Reco.
Neutral
  • Petronet LNG reported lower-than-expected EBITDA in Q3FY24...
  • Utilization at the Dahej terminal increased to 99% while Ko..
APL Apollo Tubes
29 Jan 2024
CMP
₹1,549.90
Target Price
₹1,770 (14% )
MO Reco.
Buy
  • APL Apollo Tubes reported muted sales volume in 3QFY24 due t..
  • EBITDA grew 2% YoY, driven by an improved value-added produ..
GAIL (India)
29 Jan 2024
CMP
₹208.00
Target Price
₹200
MO Reco.
Buy
  • GAIL reported robust performance in 3QFY24, driven by turnar..
  • EBITDA came in 10% higher than estimated, driven by strong ..
Macrotech Devel.
29 Jan 2024
CMP
₹1,213.30
Target Price
₹1,295 (7% )
MO Reco.
Buy
  • Macrotech Developers achieved sales of INR34b in 3QFY24, up ..
  • The company's first project in Bengaluru had a strong respo..
Vedanta
29 Jan 2024
CMP
₹381.05
Target Price
₹1,200
MO Reco.
Neutral
  • Vedant Fashions reported soft 3QFY24 results with demand con..
  • Revenue growth was supported by footprint addition, but sam..
AU Small Finance
27 Jan 2024
CMP
₹608.85
Target Price
₹800 (31% )
MO Reco.
Buy
  • AU Small Finance Bank reported a decline in PAT in 3QFY24 du..
  • Earnings are expected to improve in FY25...
Balkrishna Inds
27 Jan 2024
CMP
₹2,390.75
Target Price
₹2,360
MO Reco.
Neutral
  • Balkrishna Industries (BIL) reported 3QFY24 results in line ..
  • The management has guided for flattish YoY tonnage in 4QFY2..
CEAT
27 Jan 2024
CMP
₹2,545.80
Target Price
₹3,250 (28% )
MO Reco.
Buy
  • CEAT's 3QFY24 results were in line with expectations, with i..
  • Replacement and exports demand are expected to continue dri..
Cyient
27 Jan 2024
CMP
₹1,914.95
Target Price
₹2,400 (25% )
MO Reco.
Buy
  • Cyient reported 3QFY24 results with revenue growth in line w..
  • The company lowered its FY24 revenue guidance but expects s..
DLF
27 Jan 2024
CMP
₹893.80
Target Price
₹740
MO Reco.
Neutral
  • DLF reported its highest-ever pre-sales of INR90.5b in 3QFY2..
  • The company exceeded its full-year pre-sales guidance of IN..
Equitas Sma. Fin
27 Jan 2024
CMP
₹99.00
Target Price
₹125 (26% )
MO Reco.
Buy
  • Equitas Small Finance Bank (EQUITASB) reported in-line earni..
  • AUM growth remained steady at 32% YoY/5% QoQ, driven by hea..
H P C L
27 Jan 2024
CMP
₹491.20
Target Price
-
MO Reco.
-
  • HPCL's 3QFY24 earnings were impacted by lower-than-expected ..
  • Refinery throughput was in line with expectations, and the ..
Indostar Capital
27 Jan 2024
CMP
₹252.40
Target Price
₹245
MO Reco.
Buy
  • Indostar Capital Finance reported an improvement in business..
  • Disbursements rose by approximately 6% QoQ to around INR 13..
JSW Steel
27 Jan 2024
CMP
₹905.80
Target Price
₹910
MO Reco.
Neutral
  • JSW Steel posted consolidated revenue of INR419b, in line wi..
  • EBITDA stood at INR72b, 9% above estimates...
MAS FINANC SER
27 Jan 2024
CMP
₹308.70
Target Price
₹1160 (276% )
MO Reco.
Buy
  • MAS Financial Services (MASF) reported 3QFY24 PAT growth of ..
  • The company continues to focus on direct retail distributio..
Punjab Natl.Bank
27 Jan 2024
CMP
₹135.90
Target Price
-
MO Reco.
-
  • Punjab National Bank (PNB) reported a strong quarter with a ..
  • NII grew 12% YoY and NIMs improved 4bp QoQ to 3.15%...
SBI Cards
27 Jan 2024
CMP
₹758.40
Target Price
₹850
MO Reco.
Downgrade to Neutral
  • SBI Cards reported a disappointing quarter with lower than e..
  • Asset quality remained under pressure with an increase in G..
Shriram Finance
27 Jan 2024
CMP
₹2,491.85
Target Price
-
MO Reco.
-
  • Shriram Finance reported an operationally healthy quarter wi..
  • NIM expanded by 5bp QoQ to 9% due to a higher-yielding prod..
Vedanta
27 Jan 2024
CMP
₹381.05
Target Price
₹270
MO Reco.
Neutral
  • Vedanta reported robust performance across its verticals, le..
  • The company's consolidated net sales for 3QFY24 were INR 35..
Bajaj Auto
25 Jan 2024
CMP
₹8,734.90
Target Price
₹6,775
MO Reco.
Neutral
  • Bajaj Auto reported in-line performance in 3QFY24 with highe..
  • Domestic 2W industry volumes expected to grow 8-10% YoY in ..
DCB Bank
25 Jan 2024
CMP
₹136.05
Target Price
₹150
MO Reco.
Neutral
  • DCB Bank reported 11% YoY growth in PAT, led by weak NII gro..
  • NIM moderated 21bp QoQ to 3.48% during the quarter...
Exide Inds.
25 Jan 2024
CMP
₹447.40
Target Price
₹340
MO Reco.
Downgrade to Neutral
  • Exide's 3QFY24 results were weak due to lower-than-expected ..
  • EBITDA margin declined due to higher lead prices and lower ..
Laurus Labs
25 Jan 2024
CMP
₹425.90
Target Price
₹440 (3% )
MO Reco.
Buy
  • Laurus Labs reported lower-than-expected earnings for 3QFY24..
  • PAT estimates for FY24/FY25/FY26 have been cut by 56%/30%/2..
L&T Finance Ltd
25 Jan 2024
CMP
₹167.75
Target Price
-
MO Reco.
-
  • L&T Finance Holdings (LTFH) reported in-line 3QFY24 results ..
  • Retail loans grew 8% QoQ and 31% YoY, driven by growth in M..
PNB Housing
25 Jan 2024
CMP
₹783.25
Target Price
₹1,025 (31% )
MO Reco.
Buy
  • PNB Housing's 3QFY24 PAT grew 26% YoY but declined 12% QoQ d..
  • Disbursements in 3QFY24 grew 21% YoY but declined 1% QoQ...
Tech Mahindra
25 Jan 2024
CMP
₹1,190.30
Target Price
₹1,360
MO Reco.
Neutral
  • Tech Mahindra reported 3QFY24 revenue of USD1.57b, up 1.1% Q..
  • Adjusted EBIT margin stood at 7.0%, down 30bp QoQ...
TVS Motor Co.
25 Jan 2024
CMP
₹2,005.75
Target Price
₹1,880
MO Reco.
Neutral
  • TVS Motor Company posted an operationally in-line performanc..
  • Both domestic and export demand for TVSL are seeing a gradu..
United Spirits
25 Jan 2024
CMP
₹1,194.85
Target Price
-
MO Reco.
-
  • United Spirits (UNSP) reported a 7.5% YoY revenue growth, wi..
  • Overall volume contracted 2% YoY, but P&A volumes increased..
ACC
25 Jan 2024
CMP
₹2,579.60
Target Price
₹2,550
MO Reco.
Neutral
  • ACC reported strong 3QFY24 results with EBITDA beating estim..
  • Sales volume grew 15% YoY, exceeding estimates by 11%...
Container Corpn.
25 Jan 2024
CMP
₹1,004.80
Target Price
-
MO Reco.
-
  • Container Corporation (CCRI) reported volume growth of 6% Yo..
  • Revenue grew 11% YoY to INR22b, slightly below estimates...
Cipla
25 Jan 2024
CMP
₹1,406.20
Target Price
₹1,600 (14% )
MO Reco.
BUY
  • Cipla's 3QFY24 results beat estimates, driven by strong perf..
  • The company is focusing on minimizing approval timelines fo..
Dalmia BharatLtd
25 Jan 2024
CMP
₹1,806.45
Target Price
₹2,800 (55% )
MO Reco.
Buy
  • Dalmia Bharat's 3QFY24 results showed in-line EBITDA and hig..
  • The company expects mid-teens volume growth in FY25 and a l..
SBI Life Insuran
25 Jan 2024
CMP
₹1,444.45
Target Price
-
MO Reco.
-
  • SBI Life Insurance reported decent performance in 3QFY24 wit..
  • APE grew 13% YoY, while VNB grew 11% YoY as margins contrac..
Tata Steel
25 Jan 2024
CMP
₹167.70
Target Price
₹130
MO Reco.
Neutral
  • Tata Steel's 3QFY24 results showed earnings beat led by Indi..
  • Standalone revenue increased 2% YoY to INR347b, in line wit..
Axis Bank
24 Jan 2024
CMP
₹1,127.00
Target Price
₹1,175
MO Reco.
Downgrade to Neutral
  • Axis Bank's PAT in 3QFY24 met expectations, driven by strong..
  • NIMs decreased slightly and funding costs are expected to r..
Sona BLW Precis.
24 Jan 2024
CMP
₹667.40
Target Price
₹610
MO Reco.
Neutral
  • SONA BLW Precision Forging's 3QFY24 results beat estimates, ..
  • EBITDA margin guidance has been revised to around 28% from ..
Canara Bank
24 Jan 2024
CMP
₹616.85
Target Price
₹570
MO Reco.
Buy
  • Canara Bank reported 3QFY24 standalone PAT at INR36.6b, driv..
  • NII grew 9.5% YoY, while margins improved 3bp QoQ to 3.03%...
Havells India
24 Jan 2024
CMP
₹1,560.60
Target Price
₹1,510
MO Reco.
BUY
  • Havells India reported lower-than-expected margins due to hi..
  • The company expects a positive impact on the summer season ..
Indian Bank
24 Jan 2024
CMP
₹527.05
Target Price
₹525
MO Reco.
Buy
  • Indian Bank reported a healthy performance with a 52% YoY in..
  • Asset quality continued to improve with a decline in GNPA a..
Indus Towers
24 Jan 2024
CMP
₹351.65
Target Price
₹210
MO Reco.
Neutral
  • Indus Towers reported 1% QoQ growth in revenue and 3% QoQ gr..
  • The growth was driven by strong tower and rental adds, as w..
I O C L
24 Jan 2024
CMP
₹170.20
Target Price
₹165
MO Reco.
Buy
  • IOCL reported higher-than-expected GRM and marketing margin,..
  • FY24E sales estimated at INR 8,497 billion with EBITDA at I..
Mahanagar Gas
24 Jan 2024
CMP
₹1,449.25
Target Price
-
MO Reco.
-
  • Mahanagar Gas Ltd. (MAHGL) reported a 75% YoY increase in EB..
  • The company saw an 8% YoY growth in volumes, driven by CNG ..
Pidilite Inds.
24 Jan 2024
CMP
₹2,919.45
Target Price
₹2,650
MO Reco.
Neutral
  • Pidilite Industries reported healthy volume growth and in-li..
  • The Consumer and B2B segments both saw robust double-digit ..
Hitachi Energy
24 Jan 2024
CMP
₹9,329.50
Target Price
₹4,500 (52% )
MO Reco.
Sell
  • Hitachi Energy's 3QFY24 result was weaker than expected, wit..
  • The company reported YoY growth in revenue, EBITDA, and PAT..
Coforge
23 Jan 2024
CMP
₹5,210.50
Target Price
₹6,600
MO Reco.
Neutral
  • Coforge reported 1.8% QoQ revenue growth in 3QFY24, driven b..
  • The company reported a robust order intake of USD 354m in 3..
M R P L
23 Jan 2024
CMP
₹250.05
Target Price
-
MO Reco.
-
  • MRPL's 3QFY24 results missed estimates due to lower-than-exp..
  • Refining throughput was in line with estimates at 4.4mmt...
Persistent Sys
23 Jan 2024
CMP
₹3,430.35
Target Price
₹8,110
MO Reco.
Neutral
  • Persistent Systems reported 3QFY24 revenue of USD300.6m, in ..
  • Deal win TCV was at a record high of USD521m, driven by str..
Zensar Tech.
23 Jan 2024
CMP
₹574.70
Target Price
₹570
MO Reco.
Neutral
  • Zensar reported a weak performance in 3QFY24 due to hi-tech ..
  • Adjusted EBITDA margin was in line with estimates, but repo..
Can Fin Homes
23 Jan 2024
CMP
₹745.40
Target Price
₹815
MO Reco.
Neutral
  • Can Fin Homes reported 3QFY24 PAT growth of 32% YoY, in line..
  • Net Interest Income (NII) grew 31% YoY, also in line with e..
Cyient DLM
23 Jan 2024
CMP
₹698.90
Target Price
₹830 (19% )
MO Reco.
Buy
  • Cyient DLM reported strong revenue growth of ~50% YoY in 3QF..
  • Margins declined due to higher SG&A expenses...
Granules India
23 Jan 2024
CMP
₹417.95
Target Price
-
MO Reco.
-
  • Granules India delivered an in-line performance in 3QFY24...
  • Backward integration projects for core products are on trac..
J K Cements
23 Jan 2024
CMP
₹4,031.55
Target Price
₹4,700 (17% )
MO Reco.
Buy
  • JK Cement reported a strong performance in 3QFY24, with high..
  • The company announced a capacity expansion of 6mtpa, which ..
KNR Construct.
23 Jan 2024
CMP
₹262.15
Target Price
₹325 (24% )
MO Reco.
Buy
  • KNR Constructions' order inflows have been muted so far in F..
  • The company expects improvements in project execution in th..
Oberoi Realty
23 Jan 2024
CMP
₹1,474.20
Target Price
₹1,350
MO Reco.
NEUTRAL
  • Oberoi Realty's 3QFY24 results showed weak performance despi..
  • Sales run-rate for Sky City and 360 West moderated, impacti..
Colgate-Palmoliv
22 Jan 2024
CMP
₹2,799.65
Target Price
-
MO Reco.
-
  • Colgate (CLGT) reported a healthy price-led revenue growth o..
  • Overall volumes experienced a marginal decline, with toothp..
Spandana Sphoort
22 Jan 2024
CMP
₹889.35
Target Price
₹1400 (57% )
MO Reco.
Buy
  • Spandana Sphoorty's 3QFY24 results showed muted operating pe..
  • Net interest margin (NIM) declined by around 85 basis point..
Sunteck Realty
22 Jan 2024
CMP
₹443.00
Target Price
₹640 (44% )
MO Reco.
Buy
  • Sunteck Realty reported 3QFY24 pre-sales of INR4.5b, up 15% ..
  • Collections rose 44% YoY and doubled sequentially to INR4.4..
Zee Entertainmen
22 Jan 2024
CMP
₹142.70
Target Price
₹200
MO Reco.
Downgrade to Neutral
  • Sony terminates merger with Zee Entertainment, seeks termina..
  • Zee Entertainment downgraded to Neutral due to fallout of m..
ICICI Bank
21 Jan 2024
CMP
₹1,113.75
Target Price
₹1,230 (10% )
MO Reco.
Buy
  • ICICI Bank reports strong 3QFY24 performance with 24% YoY ne..
  • NIMs contract 10bp QoQ to 4.43%...
IDFC First Bank
21 Jan 2024
CMP
₹83.40
Target Price
₹85
MO Reco.
Neutral
  • IDFC First Bank reported 3QFY24 PAT of INR7.2b, up 18.4% YoY..
  • Higher provisions and operating expenses impacted earnings...
Kotak Mah. Bank
21 Jan 2024
CMP
₹1,642.45
Target Price
₹2,000
MO Reco.
Neutral
  • Kotak Mahindra Bank reported slight earnings miss due to pro..
  • NII and NIMs grew 16% YoY and remained stable at 5.22%...
One 97
21 Jan 2024
CMP
₹379.05
Target Price
₹975 (157% )
MO Reco.
Buy
  • Paytm's 3QFY24 performance was steady despite high uncertain..
  • Adjusted EBITDA beat estimates, and the company expects pro..
Union Bank (I)
21 Jan 2024
CMP
₹150.00
Target Price
₹165 (10% )
MO Reco.
Buy
  • Union Bank of India reported a 60% YoY growth in PAT, driven..
  • NII grew 6% YoY, but missed expectations, as NIMs moderated..
Atul
20 Jan 2024
CMP
₹5,874.80
Target Price
-
MO Reco.
-
  • Atul (ATLP) reported a decline in earnings in 3QFY24 due to ..
  • Revenue in the Life Science Chemicals segment declined 31% ..
CreditAcc. Gram.
20 Jan 2024
CMP
₹1,477.95
Target Price
₹1,985 (34% )
MO Reco.
Buy
  • CreditAccess Grameen (CREDAG) reported a healthy operational..
  • NII jumped 49% YoY, with a stable NIM...
Hind. Unilever
20 Jan 2024
CMP
₹2,230.85
Target Price
₹2900 (30% )
MO Reco.
Buy
  • Hindustan Unilever's 3QFY24 performance below expectations, ..
  • Gross margin expanded despite price cuts and promotions, in..
Metro Brands
20 Jan 2024
CMP
₹1,071.40
Target Price
₹1,380 (29% )
MO Reco.
Buy
  • Metro Brands reported weak revenue growth of 6% YoY due to a..
  • The company added net 23 stores in 3QFY24, taking the total..
Reliance Industr
20 Jan 2024
CMP
₹2,919.95
Target Price
-
MO Reco.
-
  • Reliance Industries (RIL) reports 3QFY24 results with growth..
  • Strong performance in telecom and retail segments drives gr..
IIFL Finance
19 Jan 2024
CMP
₹418.15
Target Price
₹800 (91% )
MO Reco.
Buy
  • IIFL Finance reported a healthy profitability in 3QFY24, aid..
  • AUM grew 34% YoY and PAT increased 30% YoY, despite lower n..
Indiamart Inter.
19 Jan 2024
CMP
₹2,658.30
Target Price
₹3,000 (13% )
MO Reco.
Buy
  • IndiaMART reported weak 3QFY24 results with low collection g..
  • Underlying fundamentals remain intact, and the company reit..
Poonawalla Fin
19 Jan 2024
CMP
₹493.00
Target Price
₹580 (18% )
MO Reco.
BUY
  • Poonawalla Fincorp's 3QFY24 NII grew 63% YoY to INR4.9b, whi..
  • PAT surged 76% YoY to ~INR2.65b in 3QFY24...
360 ONE
19 Jan 2024
CMP
₹838.75
Target Price
-
MO Reco.
-
  • 360ONE WAM reported 3QFY24 results in line with estimates...
  • Total revenue grew 6% YoY, driven by a 9% QoQ increase in A..
Hindustan Zinc
19 Jan 2024
CMP
₹411.50
Target Price
₹310
MO Reco.
Neutral
  • Hindustan Zinc's 3QFY24 revenue and EBITDA were in line with..
  • The decline in EBITDA was due to lower zinc sales volumes a..
RBL Bank
19 Jan 2024
CMP
₹262.95
Target Price
₹270
MO Reco.
Neutral
  • RBL Bank reported 3QFY24 PAT of INR2.33b, adjusted for provi..
  • NII grew 21% YoY to INR15.4b, in line with expectations...
Shoppers Stop
19 Jan 2024
CMP
₹710.45
Target Price
₹695
MO Reco.
Neutral
  • Shoppers Stop reported a moderate 2% YoY EBITDA growth in 3Q..
  • The margin decline was attributed to weak demand and muted ..
UltraTech Cem.
19 Jan 2024
CMP
₹9,683.75
Target Price
-
MO Reco.
-
  • UltraTech Cement's 3QFY24 operating performance was in line ..
  • Profitability is in line with expectations and the outlook ..
Home First Finan
19 Jan 2024
CMP
₹866.40
Target Price
₹1180 (36% )
MO Reco.
Buy
  • Home First Finance reported 3QFY24 PAT growth of 35% YoY, in..
  • NII rose 21% YoY, while non-interest income jumped 140% YoY..
Asian Paints
18 Jan 2024
CMP
₹2,861.45
Target Price
₹3,340
MO Reco.
Neutral
  • Asian Paints reported a volume growth of 12% YoY in 3QFY24, ..
  • The company achieved a gross margin of 43.6%, the best in t..
LTIMindtree
18 Jan 2024
CMP
₹4,634.70
Target Price
₹6,600
MO Reco.
Neutral
  • LTIMindtree reported weak revenue growth in 3QFY24, affected..
  • Deal wins were strong, but the near-term outlook remains we..
Tata Consumer
18 Jan 2024
CMP
₹1,106.25
Target Price
₹1,350 (22% )
MO Reco.
Buy
  • Tata Consumer is expanding its footprint in the F&B industry..
  • The acquisitions of Capital Foods and Organic India will in..
IndusInd Bank
18 Jan 2024
CMP
₹1,496.10
Target Price
₹1,900 (27% )
MO Reco.
Buy
  • IndusInd Bank's 3QFY24 performance was in line with expectat..
  • Loan growth was strong, driven by both corporate and consum..
ICICI Pru Life
18 Jan 2024
CMP
₹564.15
Target Price
₹580 (3% )
MO Reco.
Buy
  • ICICI Prudential Life Insurance reported a 4.7% YoY growth i..
  • VNB margin declined due to adverse product mix and increase..
Tata Comm
18 Jan 2024
CMP
₹1,743.40
Target Price
₹1,750
MO Reco.
Neutral
  • Tata Communications reported 16% QoQ growth in revenue and 1..
  • Cost synergies from the integration of the Kaleyra acquisit..
Galaxy Surfact.
18 Jan 2024
CMP
₹2,597.30
Target Price
₹3,760 (45% )
MO Reco.
Buy
  • Galaxy Surfactants is a leading player in the specialty chem..
  • The company has experienced robust volume growth in the Ind..
Infosys
12 Jan 2024
CMP
₹1,438.45
Target Price
₹1,750 (22% )
MO Reco.
Buy
  • Infosys reported strong 3QFY24 revenue of USD4.66b, better t..
  • Margins declined 70bp QoQ to 20.5%, but were slightly ahead..
TCS
12 Jan 2024
CMP
₹3,852.20
Target Price
₹4,250 (10% )
MO Reco.
Buy
  • TCS reported 3QFY24 revenue of USD7.28b, beating estimates d..
  • Deal wins in 3Q were USD8.1b, in line with expectations...
Metro Brands
11 Jan 2024
CMP
₹1,071.40
Target Price
₹1,530 (43% )
MO Reco.
Buy
  • Metro Brands has shown strong execution and steady growth in..
  • The company is expected to continue delivering 20% growth o..
Zydus Lifesci.
09 Jan 2024
CMP
₹951.25
Target Price
₹710
MO Reco.
Neutral
  • Zydus Lifesciences is focusing on growth in key markets and ..
  • Efforts are being made to enhance brand franchise and expan..
Adani Ports
08 Jan 2024
CMP
₹1,330.55
Target Price
₹1,410 (6% )
MO Reco.
Buy
  • Adani Ports & SEZ (APSEZ) reported strong volume growth in O..
  • The company is well positioned to achieve its volume guidan..
Global Health
04 Jan 2024
CMP
₹1,438.40
Target Price
₹1,170
MO Reco.
Buy
  • MEDANTA has delivered strong financial performance, with 3x ..
  • The company has turned net cash in FY23 from a net debt pos..
IIFL Finance
04 Jan 2024
CMP
₹418.15
Target Price
-
MO Reco.
-
  • IIFL Finance is a diversified NBFC with a strong presence in..
  • Core products include gold loans, home loans, microfinance,..
Sobha
03 Jan 2024
CMP
₹1,752.65
Target Price
₹1400
MO Reco.
Buy
  • Real estate company Sobha is aiming for higher scale with a ..
  • They are targeting sustainable growth with healthy cash flo..
M & M
02 Jan 2024
CMP
₹2,096.85
Target Price
₹2,005
MO Reco.
Buy
  • Mahindra & Mahindra (MM) is well positioned to outperform in..
  • Strong growth in core businesses: tractors, pickup UVs, and..
Lemon Tree Hotel
01 Jan 2024
CMP
₹138.20
Target Price
₹150 (9% )
MO Reco.
Buy
  • Lemon Tree Hotels expanding upscale/luxury segment, increasi..
  • Expected to benefit from rising demand and slower supply in..
Dalmia BharatLtd
29 Dec 2023
CMP
₹1,806.45
Target Price
₹2,800 (55% )
MO Reco.
Buy
  • Dalmia Bharat, a cement company, has ambitious growth plans ..
  • It aims to increase its capacity at a CAGR of 14-17% by FY3..
GAIL (India)
28 Dec 2023
CMP
₹208.00
Target Price
₹195
MO Reco.
Buy
  • GAIL's stock is expected to see a re-rating driven by improv..
  • The company's core earnings are strong, with a positive out..
Coal India
27 Dec 2023
CMP
₹452.45
Target Price
₹430
MO Reco.
Buy
  • Coal India focusing on volume growth to meet increasing dema..
  • Expects robust performance driven by e-auction sales and st..
Barbeque-Nation
26 Dec 2023
CMP
₹559.60
Target Price
₹690
MO Reco.
Neutral
  • Barbeque-Nation is a scalable casual dining player with a he..
  • Weak macro conditions have impacted the company's earnings ..
Godrej Consumer
25 Dec 2023
CMP
₹1,201.80
Target Price
-
MO Reco.
-
  • Godrej Consumer Products Ltd (GCPL) focuses on three key pil..
  • GCPL aims to disrupt underdeveloped categories like househo..
Siemens
21 Dec 2023
CMP
₹5,729.55
Target Price
₹4,600
MO Reco.
Buy
  • Siemens is targeting opportunities in transmission, railways..
  • The company plans to demerge its energy division and increa..
Manappuram Fin.
20 Dec 2023
CMP
₹194.35
Target Price
₹205 (5% )
MO Reco.
Buy
  • Manappuram Finance showcases non-gold businesses' success du..
  • Aims for 50:50 AUM mix between gold and non-gold businesses..
Birla Corpn.
20 Dec 2023
CMP
₹1,430.80
Target Price
₹1,700 (19% )
MO Reco.
Buy
  • Birla Corporation is experiencing steady growth in its Mukut..
  • Capacity utilization of the plant is expected to reach 65-7..
Godrej Propert.
20 Dec 2023
CMP
₹2,571.35
Target Price
-
MO Reco.
-
  • Mr. Pirojsha Godrej, Chairman of Godrej Properties, believes..
  • The company is focused on sustainable growth and aims to su..
Varun Beverages
19 Dec 2023
CMP
₹1,441.95
Target Price
₹1,285
MO Reco.
Buy
  • Varun Beverages has acquired 100% equity stake in The Bevera..
  • The acquisition is valued at an attractive valuation of EV/..
Thermax
15 Dec 2023
CMP
₹4,300.30
Target Price
₹2,740
MO Reco.
Neutral
  • MOSL team attended an analyst meet by Thermax where it showc..
  • The company offers a range of products and services in bio ..
Hero Motocorp
15 Dec 2023
CMP
₹4,498.30
Target Price
₹4,480
MO Reco.
Buy
  • BSE SENSEX and S&P CNX have reached high levels...
  • Hero MotoCorp is expected to benefit from the recovery in 2..
VRL Logistics
15 Dec 2023
CMP
₹567.00
Target Price
₹910 (60% )
MO Reco.
Buy
  • VRL Logistics is expected to experience volume growth throug..
  • The company is adding new branches and trucks to increase i..
Tata Consumer
14 Dec 2023
CMP
₹1,106.25
Target Price
₹1,110 (0% )
MO Reco.
Buy
  • Tata Consumer Products' tea business accounts for 32% of its..
  • Unfavorable climatic conditions have led to a marginal decl..
ICICI Pru Life
13 Dec 2023
CMP
₹564.15
Target Price
-
MO Reco.
-
  • Mr. Anup Bagchi, CEO of ICICI Prudential Life Insurance, dis..
  • The Indian insurance industry has strong growth opportuniti..
ITC
13 Dec 2023
CMP
₹437.55
Target Price
₹535 (22% )
MO Reco.
Buy
  • ITC's management discussed performance and prospects of its ..
  • Strong growth in non-cigarette segment with robust revenue ..
V-Mart Retail
13 Dec 2023
CMP
₹2,130.45
Target Price
₹1,800
MO Reco.
Neutral
  • V-MART, a retail company, has reported weak earnings in rece..
  • There are signs of a gradual reversal in trend, driven by m..
Interglobe Aviat
13 Dec 2023
CMP
₹3,812.55
Target Price
₹2,800
MO Reco.
Neutral
  • InterGlobe Aviation (IndiGo) plans to expand its internation..
  • Domestic demand for air travel in India has not peaked yet...
Spandana Sphoort
12 Dec 2023
CMP
₹889.35
Target Price
₹1,200 (35% )
MO Reco.
Buy
  • Spandana Sphoorty's management outlines vision, strategies f..
  • Targets include AUM of ~INR280b, customer base of ~6.2m...
NMDC
12 Dec 2023
CMP
₹252.25
Target Price
₹210
MO Reco.
Buy
  • NMDC is expected to produce around 46mt of iron ore in FY24E..
  • The company is undertaking capacity expansion projects to i..
Trent
11 Dec 2023
CMP
₹4,323.15
Target Price
-
MO Reco.
-
  • Trent is building a platform to scale up 4-5 large formats, ..
  • Trent will continue to sell only own brands and focus on va..
Wipro
11 Dec 2023
CMP
₹461.00
Target Price
₹460
MO Reco.
Neutral
  • Wipro's business performance has been lackluster, but there ..
  • The company has consulting exposure and muted expectations...
Cyient
09 Dec 2023
CMP
₹1,914.95
Target Price
₹2,250 (17% )
MO Reco.
Buy
  • Cyient, a technology company, has provided an update on its ..
  • The company attended an analyst day where it reiterated its..
HDFC Bank
08 Dec 2023
CMP
₹1,510.75
Target Price
-
MO Reco.
-
  • HDFC Bank expects healthy loan growth and aims to double its..
  • The bank's mortgage business and cross-selling of retail pr..
Torrent Pharma.
07 Dec 2023
CMP
₹2,694.30
Target Price
₹2,160
MO Reco.
Neutral
  • Torrent Pharma is well-positioned to improve earnings with e..
  • Focus on derma therapy and prescription-led portfolio to dr..
Cholaman.Inv.&Fn
07 Dec 2023
CMP
₹1,155.35
Target Price
₹1,420 (23% )
MO Reco.
Buy
  • Cholamandalam Inv & Fin is diversifying its loan portfolio a..
  • Near-term concerns exist in partnership-led CSEL, but overa..
One 97
06 Dec 2023
CMP
₹379.05
Target Price
₹1,025 (170% )
MO Reco.
Buy
  • Paytm hosted an analyst concall to discuss its loan distribu..
  • Paytm plans to focus on higher ticket size loans and de-foc..
Adani Ports
06 Dec 2023
CMP
₹1,330.55
Target Price
₹1,210
MO Reco.
Buy
  • Adani Ports & SEZ (APSEZ) is on track to surpass its FY24 vo..
  • Positive development at the group level supports the compan..
St Bk of India
29 Nov 2023
CMP
₹812.70
Target Price
-
MO Reco.
-
  • State Bank of India (SBIN) is well positioned to absorb the ..
  • SBIN aims for sustainable RoA/RoE of ~1.2%/20%...
Union Bank (I)
28 Nov 2023
CMP
₹150.00
Target Price
₹130
MO Reco.
Buy
  • Union Bank of India's top management highlighted initiatives..
  • The bank expects credit growth of 10-12% in FY24...
Sapphire Foods
27 Nov 2023
CMP
₹1,379.00
Target Price
-
MO Reco.
-
  • Sapphire Foods India Limited (Sapphire) is focused on both Q..
  • The current scenario for Sapphire remains subdued due to ch..
Axis Bank
24 Nov 2023
CMP
₹1,127.00
Target Price
₹1,150 (2% )
MO Reco.
Buy
  • Axis Bank is focusing on digital capabilities for sustainabl..
  • Retail and mid-corporate segments are experiencing signific..
IIFL Finance
23 Nov 2023
CMP
₹418.15
Target Price
-
MO Reco.
-
  • IIFL Finance has strengthened its customer acquisition capab..
  • The company has a strong balance sheet and capital light st..
DLF
22 Nov 2023
CMP
₹893.80
Target Price
₹650
MO Reco.
Neutral
  • DLF reported flat YoY bookings in 1HFY24, but expects pre-sa..
  • The company is targeting a 12-15% pre-sales CAGR over the m..
Coal India
21 Nov 2023
CMP
₹452.45
Target Price
₹380
MO Reco.
Buy
  • Coal India is on track to achieve its production target of 7..
  • Robust domestic demand and stable e-auction premiums are ex..
UltraTech Cem.
21 Nov 2023
CMP
₹9,683.75
Target Price
₹10,100 (4% )
MO Reco.
Buy
  • UltraTech Cement is well positioned to capture the growing c..
  • The company plans to increase its domestic grey cement capa..
Sunteck Realty
20 Nov 2023
CMP
₹443.00
Target Price
-
MO Reco.
-
  • Sunteck Realty is a leading real estate developer in the Mum..
  • MMR has seen strong demand and absorption levels, benefitin..
NMDC
17 Nov 2023
CMP
₹252.25
Target Price
₹190
MO Reco.
Buy
  • NMDC reported 2QFY24 results in line with estimates, with re..
  • The company recorded the highest-ever 2Q production and sal..
S A I L
16 Nov 2023
CMP
₹164.95
Target Price
-
MO Reco.
-
  • SAIL's 2QFY24 results showed a one-time revenue and EBITDA g..
  • Revenue was up 7% YoY, driven by better-than-expected volum..
Glenmark Pharma.
15 Nov 2023
CMP
₹1,080.30
Target Price
-
MO Reco.
-
  • Glenmark Pharma's financial performance in 2QFY24 was in lin..
  • Domestic formulation and US generics businesses showed mode..
Grasim Inds
15 Nov 2023
CMP
₹2,367.45
Target Price
₹2,380 (1% )
MO Reco.
Buy
  • Grasim's 2QFY24 EBITDA was below estimates due to lower marg..
  • VSF segment performed better than expected, but there was n..
KNR Construct.
15 Nov 2023
CMP
₹262.15
Target Price
₹320 (22% )
MO Reco.
Buy
  • KNR Constructions reported in-line operational performance i..
  • The company is focusing on diversifying its order book and ..
O N G C
15 Nov 2023
CMP
₹281.95
Target Price
₹235
MO Reco.
Buy
  • ONGC reported a marginal miss on EBITDA due to higher-than-e..
  • Oil production from KG basin expected to start in November ..
Manappuram Fin.
14 Nov 2023
CMP
₹194.35
Target Price
-
MO Reco.
-
  • Manappuram Finance's 2QFY24 results showed an earnings beat ..
  • The company's gold loan growth was muted, but its net inter..
Apollo Hospitals
12 Nov 2023
CMP
₹6,384.10
Target Price
-
MO Reco.
-
  • Apollo Hospitals reports strong 2QFY24 results with improved..
  • Earnings estimates for FY24 and FY25 are lowered due to var..
Biocon
12 Nov 2023
CMP
₹291.65
Target Price
-
MO Reco.
-
  • Biocon's 2QFY24 financial performance missed estimates due t..
  • The biosimilar outlook is dull due to regulatory issues and..
Galaxy Surfact.
12 Nov 2023
CMP
₹2,597.30
Target Price
₹3,380 (30% )
MO Reco.
Buy
  • Galaxy Surfactants reported 2QFY24 results with robust overa..
  • Financials and valuations show a decline in EBITDA/kg and P..
Global Health
12 Nov 2023
CMP
₹1,438.40
Target Price
₹1,050
MO Reco.
Buy
  • Medanta, a healthcare company, has reported strong 2QFY24 re..
  • The company is on track to achieve its expected FY25 financ..
Repco Home Fin
12 Nov 2023
CMP
₹520.85
Target Price
₹460
MO Reco.
Neutral
  • Repco Home Finance reported a 38% YoY growth in PAT for 2QFY..
  • The company saw improvement in asset quality and margin per..
Sun TV Network
12 Nov 2023
CMP
₹634.95
Target Price
-
MO Reco.
-
  • Sun TV Network's 2QFY24 results showed strong growth support..
  • EBITDA grew 36.5% YoY, driven by the movie business as adve..
Ashok Leyland
11 Nov 2023
CMP
₹177.70
Target Price
₹215 (21% )
MO Reco.
Buy
  • Ashok Leyland's 2QFY24 results were in line with expectation..
  • The company retains its +8-10% YoY MHCV guidance for FY24...
Aurobindo Pharma
11 Nov 2023
CMP
₹1,103.40
Target Price
₹970
MO Reco.
Neutral
  • Aurobindo Pharma delivered better-than-expected performance ..
  • The company is on track for its Pen-G project and expects b..
Eicher Motors
11 Nov 2023
CMP
₹4,615.20
Target Price
₹3,800
MO Reco.
Neutral
  • Eicher Motors reports better-than-expected 2QFY24 results wi..
  • 13-14% growth during festival period, Classic 350 performs ..
Coal India
11 Nov 2023
CMP
₹452.45
Target Price
₹380
MO Reco.
Buy
  • Coal India's 2QFY24 revenue was up 10% YoY, driven by higher..
  • Blended ASP was down 3% YoY, while FSA ASP was up 9% YoY...
G R Infraproject
11 Nov 2023
CMP
₹1,349.45
Target Price
-
MO Reco.
-
  • G R Infraprojects' 2QFY24 results were impacted by monsoon a..
  • FY24 is expected to have muted growth due to lower executio..
Hindalco Inds.
11 Nov 2023
CMP
₹646.80
Target Price
₹580
MO Reco.
Buy
  • Hindalco's 2QFY24 consolidated revenue was down 4% YoY to IN..
  • EBITDA increased 5% YoY to INR56b, in line with estimates...
Lemon Tree Hotel
11 Nov 2023
CMP
₹138.20
Target Price
₹135
MO Reco.
Buy
  • Lemon Tree Hotels reports 16% YoY revenue growth in 2QFY24...
  • Growth driven by improved occupancy and higher average room..
M & M
11 Nov 2023
CMP
₹2,096.85
Target Price
₹1,775
MO Reco.
Buy
  • M&M reported lower operational performance but beat in PAT d..
  • Flat YoY growth guidance for FY24 tractor volumes, expects ..
Tata Chemicals
11 Nov 2023
CMP
₹1,112.80
Target Price
₹920
MO Reco.
Neutral
  • Tata Chemicals' weak 2QFY24 performance due to lower volumes..
  • FY24/FY25 EBITDA estimates cut by 12%/8% due to unfavorable..
BSE
11 Nov 2023
CMP
₹3,147.55
Target Price
₹2,250
MO Reco.
Neutral
  • BSE reported strong performance in 2QFY24, with PAT beating ..
  • Operating revenue increased 46% QoQ and 59% YoY, beating es..
Ipca Labs.
11 Nov 2023
CMP
₹1,328.45
Target Price
₹1,000
MO Reco.
Neutral
  • IPCA Laboratories reported better-than-expected sales in 2QF..
  • Earnings were lower than expected due to increased deprecia..
Life Insurance
11 Nov 2023
CMP
₹984.50
Target Price
₹850
MO Reco.
Buy
  • Life Insurance Corporation (LIC) reported robust improvement..
  • LIC is gradually diversifying towards non-par and protectio..
Vodafone Idea
30 Oct 2023
CMP
₹13.90
Target Price
₹11
MO Reco.
Neutral
  • Vodafone Idea reported 2% QoQ growth in EBITDA in 2QFY24...
  • Subscriber loss slowed down to 1.6 million in 2QFY24...

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