Mahindra CIE Rating: Buy- Strong show at the end of calendar year CY21/22e EPS up ~6/4%; TP raised to Rs 253; stock is undervalued; ‘Buy’ retained After COVID-19 disruptions in H1, … Read More
Ambuja Cements Rating: Buy- Q4CY20 was better than expected Holcim group to continue investing in India; market share sustenance is key to re-rating; TP raised to Rs 330; ‘Buy’ maintained By … Read More
Power Grid rating – Buy: Strong show by transmission segment Decline in capitalisation could impact growth; valuations are attractive; TP raised to Rs 248; ‘Buy’ rating maintained We expect overall RoCE … Read More
Cumin exports likely to cross 2 lakh tonne this season As per data from the state agriculture department, cumin sowing in Gujarat has gone down to 4.69 lakh hectares from last … Read More
Apollo Tyres Rating ‘Buy’; A robust showing in the third quarter Firm to be key beneficiary of CV recovery; FY21/22/23 EPS up 59/48/44%; TP up to `307; upgraded to ‘Buy’ Divis … Read More
Bharti Airtel Rating ‘Buy’; India wireless business showing cause for cheer Subscriber mix was behind healthy ARPU rise; trend of robust subscriber growth persists; net debt, interest cost up; ‘Buy’ maintained … Read More
Analyst Corner: Maintain ‘buy’ on SBI with revised TP of Rs 480 SBI’s 3QFY21 profit of Rs52bn (-7% YoY) was ahead of estimates, led by lower credit costs. PAT at Rs … Read More
JSW Steel rating: Neutral; rise in steel prices led to strong numbers Spread levels unsustainable; FY21/22/23e Ebitda raised by 46/5/7%; TP up to Rs 404 from Rs 321; Neutral retained Share … Read More
Startup India: Piyush Goyal urges investors to invest, mentor, support startups in BIMSTEC region “These are unprecedented times. Unprecedented challenges call for unprecedented solutions. I call all BIMSTEC nations to support … Read More
Analyst Corner— Bharti Airtel: Reiterate ‘buy’ and raise target price by 14% to Rs 650 Reiterate ‘buy’ and raise target price by 14% to Rs650 (from Rs570). Key catalyst would be … Read More
Sensex snaps 10-session winning run, skids 264 points on Wednesday Snapping its 10-session gaining streak, the Sensex tumbled 264 points on Wednesday to close at 48,174.06 points as investors booked profits … Read More
Balkrishna Industries rating: Buy, rebound in overall exports continues Outlook for Ag exports is strong; best-in-class RoICs of >25% likely by FY23e with peak utilisation; ‘Buy’ retained with TP of Rs … Read More
