Institutional Reports20 Sep 2024
Our BUY recommendation for GAIL with a target price of INR 260 is based on (1) an increase in gas transmission volume to 144mmscmd by FY2...
Institutional Reports19 Sep 2024
We recently interacted with Senco’s CFO, Mr Sanjay Banka, who expressed continued confidence in achieving 18-20% revenue growth and 12-13...
Institutional Reports18 Sep 2024
We maintain an ADD rating on UltraTech Cement (UTCEM) with an unchanged target price of INR 11,260/share (16.5x Sep-26E consolidated EBIT...
Institutional Reports14 Sep 2024
Macroeconomic Indicators (Strong): PMI services as well as manufacturing both remain stable and in expansionary zone, CPI and Core CPI re...
Institutional Reports13 Sep 2024
We hosted over 15 companies and several industry experts at the HDFC Securities’ 8th annual IT conference. Key takeaways included (1) con...
Institutional Reports10 Sep 2024
We recently met Mr. Shyam Srinivasan, the outgoing CEO of Federal Bank (FB), to reflect on the bank’s evolution during his tenure and the...
Institutional Reports09 Sep 2024
We carried out detailed channel checks across India to gauge what has gone wrong and led to sub-par 1QFY25 performance, and how the curre...
Institutional Reports04 Sep 2024
In its FY24 annual report, Medplus has highlighted key levers of growth such as (1) deeper penetration in its core markets with a focus o...
Institutional Reports02 Sep 2024
We maintain a BUY rating on Dalmia Bharat with an unchanged target price of INR 2,205/share (12x its Sep-26E consolidated EBITDA). We int...
Institutional Reports30 Aug 2024
L&T Technology Services (LTTS) recently unveiled its medium-term growth aspirations. It aims to reach USD 2bn revenue over the medium ter...
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