Institutional Reports03 Jul 2024
IT sector (coverage universe) continues to transition from a protracted IT upgrade cycle and low discretionary spending to some normalisa...
Institutional Reports03 Jul 2024
In its FY24 annual report, Torrent Pharma (TRP) has highlighted strategic themes that align with its short, medium and long-term goals: (...
Institutional Reports02 Jul 2024
The Bharat Petroleum Corporation (BPCL) stock rallied ~33% and outperformed the Sensex by ~22% over the last 6M. However, we believe the ...
Institutional Reports02 Jul 2024
We maintain our BUY rating on JK Lakshmi (JKLC) with an unchanged target price of INR 1,015/share. We value the company at 9x Sep-26E con...
Institutional Reports02 Jul 2024
Galaxy Surfactants’ (GSL) volume growth momentum has the potential to accelerate, accompanied by margin expansion. Global home and person...
Institutional Reports02 Jul 2024
In its efforts to clamp down on the rising irrationality in option volumes (F&O), the SEBI has directed exchanges and market infrastructu...
Institutional Reports28 Jun 2024
The note ponders the odds of delivery for each segment of Nykaa juxtaposed against its stated ambition. The BPC ambition of achieving mid...
Institutional Reports28 Jun 2024
We maintain our BUY rating on Star Cement with an unchanged target price of INR 250/sh (10x Sep-26E consolidated EBITDA). Star remains in...
Institutional Reports28 Jun 2024
We recently interacted with the Greenpanel Industries management. Considering the national election, MDF domestic demand remained healthy...
Institutional Reports28 Jun 2024
We spoke to the management of Tata Elxsi (TELX) for a business update and have analysed the annual report – key highlights are: (1) stron...
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