Broker Research

DCB Bank (DCBB) posted a strong all-round 4QFY18 performance with a ~22% yoy PAT growth (Rs 642mn, EE Rs 607mn), 29% yoy loan growth and better asset quality (GNPA/NNPA improving to 1.8%/0.7% on lower slippages at 1.7%). While core fee income grew by a strong 40% yoy, NIM (calc.) contracted 8bps qoq.
April 20, 2018, 3:31 p.m.
Publisher: indianotes.com

ACC reported a healthy performance for 1QCY18 with revenue growth of 14.8% YoY at Rs 35.6bn aided by volume/realisation growth.
April 20, 2018, 2:55 p.m.
Publisher: nirmalbang.com

TCS’ sequential revenue growth of 2.0% in CC terms in 4QFY18 was above our estimate of 1.5%
April 20, 2018, 2:55 p.m.
Publisher: nirmalbang.com

We have retained Buy rating on IBL, raised our target price to Rs 2,165 (from Rs2,018 earlier) and valued the stock at 3.9x FY20E P/BV.
April 20, 2018, 2:54 p.m.
Publisher: nirmalbang.com

TCS’ 4QFY18 USD revenue grew by 3.9% QoQ (2% in CC terms), marginally ahead of our estimate. Volume growth came in at 2% QoQ, while CC pricing remained flat. EBIT margin rose by 22bps QoQ led by operational efficiency and favourable currency.
April 20, 2018, 2:50 p.m.
Publisher: trade.rsec.co.in

Cyient posted a healthy 8.3% QoQ USD revenue growth in 4QFY18 led by DLM business (+81% QoQ), while core services business grew by 2% QoQ.
April 20, 2018, 2:49 p.m.
Publisher: trade.rsec.co.in

Shriram Transport Finance Company (SHTF) is the undisputed leader in the domestic used CV segment with 25-26% market share and outstanding AUM of INR 900bn as on Q3FY18.
April 19, 2018, 2:51 p.m.
Publisher: edelweiss.in

Mindtree has posted a healthy performance in 4QFY18. Its revenue grew by an impressive 5.6% QoQ (4.5% in CC terms) to US$226.2mn (exceeding our estimate by 1.4%) led by superb show in key verticals i.e. Travel & Hospitality (+9.9% QoQ), Technology, Media & Services (+9.3% QoQ) and MFG, Retail & CPG (+6.4% QoQ) in USD terms.
April 19, 2018, 2:51 p.m.
Publisher: trade.rsec.co.in

We attended Ashok Leyland's (AL) Annual Global Conference 2018. Themed 'Conquer new frontiers - More battles to win,' the conference provided useful insights - Research Report Published on 19 Apr 2018.
April 19, 2018, 2:46 p.m.
Publisher: motilaloswal.com

The Company is driving an ambitious global expansion plan with expanding its core areas and diversifying into new businesses.Buy for an upside potential of ~22% from the current level with an investment horizon of 9-12 months.
April 19, 2018, 1:20 p.m.
Publisher: indianotes.com