Institutional Reports08 Nov 2024
Mahindra & Mahindra: M&M’s Q2FY25 PAT at INR 38.4bn beat our estimate of INR 32.1bn, led by soft commodity prices and higher other income...
Institutional Reports07 Nov 2024
Sonata Software: Sonata posted a good quarter with revenue growth of 1.5% QoQ CC and a margin decline of ~50bps QoQ, which were in line w...
Institutional Reports07 Nov 2024
TJL’s 2QFY25 performance was a mixed bag—although the company disappointed on revenue front, margins were significantly better despite li...
Institutional Reports06 Nov 2024
Titan: Consolidated jewellery sales (ex-bullion) grew 27% YoY to INR117.8bn (HSIE: in-line). Gold jewellery demand witnessed a step-up ju...
Institutional Reports05 Nov 2024
Sundaram Finance: Sundaram Finance’s (SUF) Q2FY25 earnings were lower than our estimates, largely due to lower other income, while other ...
Institutional Reports04 Nov 2024
We upgrade Lupin (LPC) to ADD from REDUCE with a revised TP of INR 2,440 (31x Q3FY27E, up from INR 1,950 at 28x Q1FY27E). Our outlook is ...
Institutional Reports31 Oct 2024
The recent ~9% stock price correction for Torrent Pharma (TRP) was due to a ~3% stake sale by the promoter group (Mehta Family). The proc...
Institutional Reports31 Oct 2024
Dabur’s 2QFY25 results were in line with the preview update. Domestic volume declined 7.5% owing to inventory correction undertaken in GT...
Institutional Reports31 Oct 2024
Larsen & Toubro: Larsen & Toubro (LT) reported revenue/EBITDA/APAT at INR 615.5/63.6/33.9bn, a beat/(miss) of 6.3/0.6/1.5%. P&M margins c...
Institutional Reports30 Oct 2024
Marico's 2QFY25 results were marginally above our estimates, driven by better-than-expected operating profits. Domestic volume growth of ...
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