Category: Broker Research


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

Strong demand outlook in US and stable demand in Europe/South America/Asia, aided by quality operations and sound B/S sets firm outlook for Novelis.
May 9, 2019, 11:42 a.m.
Publisher: plindia.com

With three European and two US approvals in place, Biocon is in the first row when the monetisation cycle of biosimilars began. Looking ahead, we expect the biosimilars will penetrate faster in the US healthcare industry with rising interest to adopt biosimilars.
May 7, 2019, 11:47 a.m.
Publisher: ashikagroup.com

At $150.1 Mn, Zensar (ZENT) reported a strong growth in revenue – 4.5% QoQ and 18.5% YoY. In constant currency terms (CC), it reported a sequential growth of 4.1% and 21.5% over previous year.
May 7, 2019, 11:13 a.m.


SRL recorded a 55% YoY increase in pre-sales to Rs. 2.9 Bn and collections surged 34% YoY to Rs. 2.06 Bn.
May 7, 2019, 11:13 a.m.

Carborundum Universal (CUMI) Q4 and FY19 earnings were in-line with our estimates. Q4 earnings dropped by 6% YoY to Rs. 3.27 due to lower demand which was unusual for a year end quarter (low than Q3 volumes).
May 2, 2019, 11:10 a.m.

Prataap Snacks – a key player in the Organized Snacks market, has transformed itself from a regional snacks player to a PAN India player, with its market share quadrapulating from <1% in 2008 to 4%+ in 2018.
May 2, 2019, 11:03 a.m.
Publisher: edelweiss.in

MCX’s Q4FY19 average daily traded value (ADTV) has been higher by 1.4% QoQ and 13.3% YoY at Rs 26,981 crore, the highest in 5 years.
May 1, 2019, 11:19 a.m.
Publisher: ashikagroup.com

During Q4FY19, TCS reported rupee revenue at Rs. 38,010 crore up by 1.8% QoQ (Rs. 37,338 crore during Q3FY19) while in constant currency terms revenue growth grew by 2.4% QoQ.
May 1, 2019, 11:19 a.m.
Publisher: ashikagroup.com

We believe revenue to grow at a CAGR of 8.7% over the period of FY19-FY21E. We expect execution of pushed out deals and investments made in developing new technology solutions to contribute significantly to the revenue growth in the coming years.
May 1, 2019, 11:05 a.m.