Broker Research

We recently met with Mr. Shyam Srinivasan, CEO of Federal Bank (FBL) and gleaned incremental insight into the strategy of the company.
May 21, 2019, 12:22 p.m.
Publisher: nirmalbang.com

We feel investors could buy the stock at the CMP and add on dips to Rs ~221-225 band (14.0x CY20E EPS) for sequential targets of Rs 287 (18.0x CY20E EPS) and Rs 303 (19.0x CY20E EPS). At the CMP of Rs 250 the stock trades at 15.7x CY20E EPS.
May 20, 2019, 5:19 p.m.
Author : HDFC Sec | Publisher: indianotes.com

Tata Steel Limited and Thyssenkrupp AG of Germany had signed definitive agreements in June 2018 to combine their business in Europe to create a 50:50 joint venture company which could have become second largest steel company in the European continent.
May 20, 2019, 1 p.m.
Publisher: karvyonline.com

Dr. Reddys Lab’s (DRL) revenue, increased by 13.6% YoY to Rs40.2 bn, is higher than our estimates of Rs 38.9bn; primarily due to good growth in Europe and Emerging market business. EBITDA margins grew to21.2% inline with our estimates of 21.0% on account of lower SGA and R & D expenses.
May 20, 2019, 1 p.m.
Publisher: ws.karvyonline.com

Despite top line growth of 16%, margins were impacted on account of higher operating costs and increasing competition.
May 20, 2019, 12:59 p.m.
Publisher: ws.karvyonline.com

PHNX’s revenue grew 66%/64% YoY/QoQ to Rs. 7233 Mn.
May 20, 2019, 12:59 p.m.
Publisher: karvyonline.com

Engineers India (ENGR) has reported a healthy performance in 4QFY19 with its PAT surging by 38% YoY to Rs949mn vs. our estimate of Rs893 mn.
May 20, 2019, 12:14 p.m.
Publisher: trade.rsec.co.in

Shree Cement (SRCM) has reported a strong operating performance in 4QFY19.
May 20, 2019, 12:13 p.m.
Publisher: trade.rsec.co.in

NIM has contracted for KBL primarily on account of increase in share of large corporate loans, wherein there has been outsized focus on highly rated clients. Share of large corporate loans has increased 250 bps YoY to 48.7% of total loans.
May 16, 2019, 3:14 p.m.
Publisher: nirmalbang.com

Jubilant FoodWorks (JUBI) delivered another quarter of strong performance and profitability led by 6% samestore sales growth or SSG in 4QFY19.
May 16, 2019, 3:14 p.m.
Publisher: nirmalbang.com