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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Grasim Inds
23 Feb 2024
CMP
₹2,194.40
Target Price
₹2,670 (22% )
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
₹485.10
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
₹529.20
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
₹5,392.05
Target Price
₹5,800 (8% )
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
₹5,421.15
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
₹786.55
Target Price
₹900 (14% )
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
₹470.10
Target Price
₹540 (15% )
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
₹443.90
Target Price
₹520 (17% )
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
₹900.10
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
₹601.00
Target Price
₹800 (33% )
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
₹1,929.95
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
₹226.20
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
₹2,305.55
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
₹577.30
Target Price
₹675 (17% )
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
₹1,217.70
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
₹238.30
Target Price
₹280 (17% )
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
₹370.95
Target Price
₹450 (21% )
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
₹28,279.90
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
₹3,927.05
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
₹5,337.15
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
₹451.35
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
₹1,861.10
Target Price
₹2,240 (20% )
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
₹1,320.15
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
₹591.60
Target Price
₹650 (10% )
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
₹1,230.40
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
₹128.00
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
₹759.05
Target Price
-
MO Reco.
-
  • 1. State Bank of India (SBIN) achieves strong profitability ..
Sun TV Network
14 Feb 2024
CMP
₹634.40
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
₹115.65
Target Price
₹130 (12% )
MO Reco.
Buy
  • Samvardhana Motherson (MOTHERSO) reported in-line operating ..
  • Higher depreciation and interest costs decreased overall PA..
Aurobindo Pharma
13 Feb 2024
CMP
₹1,043.80
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
₹875.50
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
₹2,475.45
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
₹1,268.05
Target Price
₹1,390 (10% )
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
₹518.35
Target Price
₹590 (14% )
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
₹944.05
Target Price
₹1,030 (9% )
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
₹159.00
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
₹2,910.40
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
₹4,536.50
Target Price
₹4,950 (9% )
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
₹173.45
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 ..
Campus Activewe.
12 Feb 2024
CMP
₹248.05
Target Price
₹285 (15% )
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
₹1,066.50
Target Price
₹1,270 (19% )
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
₹1,714.90
Target Price
₹1,500 (13% )
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
₹10,000.90
Target Price
₹12,000 (20% )
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
₹1,132.10
Target Price
₹1,315 (16% )
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
₹443.90
Target Price
₹490 (10% )
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
₹179.90
Target Price
₹200 (11% )
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
₹2,170.80
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
₹1,443.50
Target Price
₹1,800 (25% )
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
₹3,676.95
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
₹272.20
Target Price
₹315 (16% )
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
₹3,674.70
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
₹3,739.85
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
₹1,676.60
Target Price
-
MO Reco.
-
  • Vinati Organics (VO) reported better-than-expected 3QFY24 re..
  • Gross margin and EBITDAM declined YoY, but management expec..
Divi`s Lab.
11 Feb 2024
CMP
₹3,648.10
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
₹4,519.25
Target Price
₹5,560 (23% )
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
₹5,421.15
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
₹6,774.05
Target Price
₹7,400 (9% )
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
₹208.25
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
₹273.05
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
₹2,194.40
Target Price
₹2,670 (22% )
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
₹458.35
Target Price
₹600 (31% )
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
₹265.60
Target Price
₹320 (20% )
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
₹1,487.05
Target Price
₹1,460
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
₹150,725.00
Target Price
₹1,06,760 (29% )
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
₹1,507.00
Target Price
₹1,600 (6% )
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
₹923.25
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
₹187.35
Target Price
₹230 (23% )
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
₹164.05
Target Price
₹170 (4% )
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
₹523.75
Target Price
₹620 (18% )
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
₹2,911.00
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
₹2,810.95
Target Price
₹2,910 (4% )
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
₹141.70
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
₹1,614.95
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
₹275.25
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
₹36,100.95
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
₹1,460.20
Target Price
₹1,700 (16% )
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
₹1,160.30
Target Price
₹1,370 (18% )
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
₹145.90
Target Price
₹165 (13% )
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
₹1,695.20
Target Price
₹1,800 (6% )
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
₹4,936.35
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
₹3,113.25
Target Price
₹3,450 (11% )
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
₹183.30
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
₹2,579.00
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
₹3,885.80
Target Price
₹4,200 (8% )
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
₹1,003.50
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
₹1,842.45
Target Price
₹2,275 (23% )
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
₹191.60
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
₹930.20
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
₹1,988.05
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..
Tata Chemicals
06 Feb 2024
CMP
₹976.50
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
₹2,181.95
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
₹174.00
Target Price
₹205 (18% )
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
₹1,426.50
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
₹1,125.75
Target Price
₹1,310 (16% )
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
₹4,309.60
Target Price
₹3,460 (20% )
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
₹555.25
Target Price
₹720 (30% )
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
₹522.10
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
₹2,468.85
Target Price
₹2,855 (16% )
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
₹1,665.75
Target Price
₹1880 (13% )
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
₹3,150.70
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
₹457.30
Target Price
₹540 (18% )
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
₹578.65
Target Price
₹820 (42% )
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
₹3,179.00
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
₹937.40
Target Price
₹1000 (7% )
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
₹1,048.35
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
₹606.80
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
₹2,276.80
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
₹642.30
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
₹619.95
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
₹529.20
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
₹1,514.50
Target Price
₹1,500
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
₹759.05
Target Price
₹800 (5% )
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
₹1,468.00
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
₹204.30
Target Price
₹230 (13% )
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
₹160.95
Target Price
₹195 (21% )
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
₹2,727.60
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
₹3,622.65
Target Price
₹4,025 (11% )
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
₹488.70
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
₹187.35
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
₹2,362.15
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
₹594.50
Target Price
₹615 (3% )
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
₹1,855.30
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
₹2,626.95
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
₹1,250.95
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
₹493.50
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
₹469.70
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
₹70.25
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
₹1,320.70
Target Price
₹1,470 (11% )
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
₹245.15
Target Price
₹185 (25% )
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
₹66.55
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
₹851.90
Target Price
₹930 (9% )
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
₹3,691.95
Target Price
₹4,200 (14% )
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
₹6,442.15
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
₹292.95
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
₹3,020.80
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
₹602.95
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
₹2,125.85
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
₹205.30
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
₹268.85
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
₹1,081.25
Target Price
₹1,260 (17% )
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
₹535.30
Target Price
₹635 (19% )
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
₹786.55
Target Price
₹900 (14% )
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
₹2,854.35
Target Price
₹3,300 (16% )
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
₹676.75
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
₹1,252.30
Target Price
₹1,600 (28% )
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
₹11,535.60
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
₹16,714.50
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
₹136.50
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
₹1,389.20
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
₹840.50
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
₹26,489.65
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
₹2,385.80
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
₹563.50
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
₹1,561.25
Target Price
₹1,635 (5% )
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
₹1,095.05
Target Price
₹1,230 (12% )
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
₹793.90
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
₹6,245.55
Target Price
₹7,850 (26% )
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
₹617.95
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
₹17.55
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
₹3,387.95
Target Price
₹4,200 (24% )
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
₹391.90
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
₹284.70
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
₹1,449.25
Target Price
₹1,770 (22% )
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
₹179.90
Target Price
₹200 (11% )
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