Category: Broker Research

The stock currently trades at 51.9x FY20e EPS of Rs 47.90 and 42.5x FY21e EPS of Rs 58.53.
May 31, 2019, 10:06 a.m.

Reliance Retail Segment’s Revenue for 4Q FY19 grew by 51.6% Y-o-Y to Rs 36663 crore as against Rs 24183 crore in the corresponding period of the previous year.
May 29, 2019, 3:36 p.m.

On balance, we assign ‘accumulate’ recommendation on the stock with a target price of Rs 400 (previous target Rs 505) based on 22x FY21e earnings over a period of 9-12 months.
May 29, 2019, 1:28 p.m.

EBITDA at Rs. 888 Mn in Q4FY19 de-grew by 5.1% on YoY basis whereas PAT at Rs. 218 Mn de-grew by 36.8% on YoY basis.
May 27, 2019, 1:27 p.m.

BHFC is the flagship company of Kalyani Group. It is one of the largest commercial forging companies in the world in terms of capacity and revenue, with presence in auto as well as non-auto component sectors with wide domain knowledge in design and engineering.
May 27, 2019, 1:21 p.m.

At the current market price, the bank’s core banking business (after adjusting the value of subsidiaries) is trading at 1.6x FY2021E ABV.
May 25, 2019, 2:01 p.m.

We expect STFC’s AUM to grow at CAGR of 16% over FY2019-21E primarily owing to (1) post election government to increase spending on infra project (macro recovery), and (2) pre-buying of CV before the BS VI will also improve the pricing of older vehicles. We expect STFC to report RoA/RoE to 2.7%/17.6%.
May 25, 2019, 2:01 p.m.

The stock currently trades at 22.5x FY19 EPS of Rs 11.64 and 18.7x FY20e EPS of Rs 13.97. Setting up agglomeration unit in India is aimed at enhanced value addition for agglomerated products generally command 4-5% higher margins compared to spray dried products.
May 21, 2019, 4:16 p.m.

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:

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.