Broker Research

Asirvad Microfinance saw its portfolio grow 58% YoY and its RoE now averages 29% over the last 4 quarters.
May 16, 2019, 3:13 p.m.
Publisher: nirmalbang.com

After 5 quarters of good results, ABFRL has reported a poor quarter. Revenues grew 9% to INR 1915 Cr and were broadly in line with estimates. However EBITDA witnessed a big disappoinment at INR 125 Cr vs. estimates of ~INR 170 Cr, primarily driven by a poor performance from Pantaloons.
May 16, 2019, 3:12 p.m.
Publisher: edelweiss.in

Union Bank posted loss of Rs33.6bn of PAT (v/s PLe of Rs1.7bn loss) on back of making higher provisions from RBI’s divergence report (Rs22.8bn) and ageing of NPA helping improve PCR to 58.3% from 51.4% in Q3FY19.
May 16, 2019, 3:11 p.m.
Publisher: plindia.com

Advertisement revenue increased 0.3% YoY to Rs1,542.1mn while subscription revenue was down 22.0% YoY to Rs101.6mn amid transition to new TRAI guidelines.
May 16, 2019, 3:11 p.m.
Publisher: plindia.com

We cut FY20 and FY21 EPS by 3.0% and 2.3% following cautiously optimistic outlook on demand following just 4% volume growth (average 16.0% in last 6 quarters) in C&B products due to pressure in construction chemicals, although low VAM prices (USD950/ton v/s USD1100/ton in 4Q) and stable USD/INR will aid margins.
May 16, 2019, 3:11 p.m.
Publisher: plindia.com

SRF Ltd (SRF) posted a strong set of numbers in Q4FY19, particularly in their Chemicals Business (CB). Sales for the quarter was at INR 2,072 crore, higher by ~29% when compared to Q4FY18 sales and exceeded our estimates by ~5%.
May 15, 2019, 3:12 p.m.
Publisher: edelweiss.in

Net Sales increased 10.9% to Rs8.65bn. SSG was low at 6% in Domino’s on a high base of 26.5%. FY19 SSG was at 7-year high 16.4%.
May 15, 2019, 3:10 p.m.
Publisher: plindia.com

A leading Stock Broking Firm in India offering services like Derivative Broking, Investment Banking, Corporate Advisory, Share Trading & Margin Finance.
May 15, 2019, 3:10 p.m.
Publisher: plindia.com

We maintain our Buy rating on the company; valuing it at 17.5x FY21 to arrive at our price target of INR 350.
May 14, 2019, 3:12 p.m.
Publisher: edelweiss.in

The 64% sequential growth in the EBITDA of DEN’s base business for the quarter was a result of the strong performance of the Performance Products segment.
May 13, 2019, 3:13 p.m.
Publisher: edelweiss.in