Broker Research

Bajaj Auto’s 4QFY18 earnings at Rs10.8bn were 5% above our estimate because of higher-than expected other income.
May 22, 2018, 10:57 a.m.
Publisher: nirmalbang.com

Colgate-Palmolive (India) or CLGT reported mixed earning performance in 4QFY18.
May 22, 2018, 10:57 a.m.
Publisher: nirmalbang.com

Dalmia Bharat Enterprises (DBEL) reported a healthy performance for 4QFY18 on double-digit volume growth YoY driven by higher volume.
May 22, 2018, 10:57 a.m.
Publisher: nirmalbang.com

Sobha reported a net profit of Rs654mn for 4QFY18, up 42.2% YoY and 22.5% QoQ. Sales volume stood at 1.01mn sqft in 4QFY18, an increase of 9% QoQ and 40% YoY.
May 22, 2018, 10:56 a.m.
Publisher: nirmalbang.com

Thermax posted 4QFY18 consolidated revenues of Rs14.4bn, down 3% YoY and 8%/12% below our/consensus estimate, respectively.
May 22, 2018, 10:56 a.m.
Publisher: nirmalbang.com

UltraTech Cement (UTCEM) has announced the demerger of cement assets of Century Textiles (CENT) with itself.
May 22, 2018, 10:56 a.m.
Publisher: nirmalbang.com

Given the focus of delivering value driven profitable growth and steps to grow it product portfolio the company can outperform peers hence we recommend investors to ACCUMULATE the stock.
May 21, 2018, 1:23 p.m.
Author : Way2wealth | Publisher: indianotes.com

We feel investors could buy the stock at the CMP and add on declines to Rs 260-265 band (8.75x FY20E EPS) for sequential targets of Rs 331 (11x FY20E EPS) and Rs 361 (12x FY20E EPS) in 3-4 quarters. At CMP of Rs 292.7 the stock is trading at 9.7x FY20E EPS.
May 21, 2018, 12:55 p.m.
Author : HDFC Sec | Publisher: indianotes.com

We have valued the stock at a P/E of 10x of FY20E EPS of Rs 21.1 and recommend buy on the stock with a target price if Rs 211 (~30% upside) in 18 months.
May 21, 2018, 12:47 p.m.
Author : SKP Research | Publisher: indianotes.com

Acceleration of growth across portfolios bodes well for the future prospects of the company over the next few years. We advise investors with a long-term investment horizon to HOLD the stock.
May 21, 2018, 12:38 p.m.
Author : Way2wealth | Publisher: indianotes.com