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Navin Fluorine International reported a revenue of Rs 5.18 billion, falling short of estimates, with a notable 23% YoY growth in the HPP vertical. Despite a 15% decline in the specialty chemicals segment, management anticipates recovery in H2FY25, supported by strong order visibility. The stock is rated 'Accumulate' with a target price of Rs 3,523, reflecting a valuation of 45x FY26/FY27 EPS.
AU SFB's recent performance reflects improved realisations, yet asset quality issues overshadow emerging strengths. Despite decent gross loan book growth and a recovering deposits market, the stock has underperformed, with elevated credit costs expected in the near term. The transition to a universal bank and gradual improvement in return on assets are long-term positives, though premium valuations remain a concern.
Hindustan Unilever's Q2FY2025 results showed a 1.5% year-on-year revenue growth, with a ~4% decline in PAT, while underlying volumes grew by 3%. The company anticipates low-single digit price-led growth in H2FY2025 amid input cost inflation and plans to separate its ice cream business, which contributes ~3% to overall revenue. Sharekhan maintains a Buy rating with a revised target price of Rs. 3,079, noting the stock has corrected by 13% from its recent high.
TVS Motor Company reported an APAT of Rs 663 crore, marking a 23.5% year-on-year increase, slightly above estimates, with EBITDA margins expanding to 11.7%. This marks the fifth consecutive quarter of margins above 11%. Sharekhan maintains a Buy rating with a target price of Rs 2839, citing expected growth in export volumes, successful EV launches, and sustained high margins. The stock is currently trading at a P/E of 30.6x and an EV/EBITDA of 18.1x based on FY27E estimates.
Shares of SBI Life Insurance fell over 5% to Rs 1,624 after disappointing Q2 results, with Annual Premium Equivalent (APE) and Value of New Business (VNB) missing estimates by 11% and 14%, respectively. The VNB margin also contracted to 26.9%, attributed to a shift towards lower-margin products. Despite this, brokerages like UBS and Motilal Oswal maintain 'buy' ratings, citing optimism in new product launches and digital initiatives, projecting an 18% CAGR in APE and VNB from FY24-27.
Urban FMCG demand is facing significant stress, prompting concerns about the market's stability. As IT companies invest heavily in India and the Middle East, the focus remains on consumption trends within India, highlighting the ongoing economic challenges.
Amber Enterprises reported a strong Q2 performance with a profit of Rs. 21 crore, a significant turnaround from a loss last year, and revenues surged 82% year-on-year, driven by robust growth in Consumer Durables and Electronics. The company’s operating profits rose 91%, supported by substantial revenue growth and slight margin improvements. Sharekhan maintains a Buy rating with a revised target price of Rs. 7,350, reflecting confidence in long-term growth across segments.
Kajaria Ceramics has reported consolidated revenue in line with expectations, driven by resilient tile volume growth, although its OPM was affected by losses in the Bathware unit. The management has slightly adjusted its tile volume growth forecast to 9-10% year-on-year and aims to achieve the lower end of its OPM guidance of 15-17% for FY2025. Sharekhan maintains a Buy rating with a revised price target of Rs. 1,600, anticipating healthy earnings growth over the next three years, with a consolidated revenue target of Rs. 6,500 crore for FY2027.
Mahindra Logistics reported consolidated revenue growth driven by its standalone business and a recovery in freight forwarding. However, lower operating margins and express losses impacted profits, with challenges expected in achieving EBITDA breakeven by Q4FY2025. Despite this, the company is focused on turning around its express business and has maintained a healthy order intake, prompting a revised target price of Rs. 560.
Shares of KPIT Technologies plummeted 15% on October 24 after JPMorgan cut its target price to Rs 1,900, citing a revised FY25 revenue growth outlook at the lower end of the 18-22% range due to delays in deal ramp-ups. The brokerage warns that this guidance cut could lead to a weaker H2FY25 and impact FY26 growth. As of 12:23 PM, KPIT Tech's stock was down 13.5% at Rs 1,414, marking its fifth consecutive session of decline and a drop of over 5% since the start of 2024, underperforming the Nifty 50's 12% gain.
IND
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Navin Fluorine International reports mixed results with growth expectations ahead
09:43 24.10.2024
au sfb faces asset quality challenges amid emerging strengths and market recovery
09:36 24.10.2024
Hindustan Unilever reports mixed Q2 results but maintains buy rating
09:30 24.10.2024
TVS Motor Company maintains buy rating with target price of 2839
09:28 24.10.2024
SBI Life shares decline as Q2 results miss expectations but growth prospects remain
09:28 24.10.2024
urban fmcg demand under pressure as companies focus on growth strategies
09:23 24.10.2024
amber enterprises reports strong q2 growth maintains buy rating with target price
09:22 24.10.2024
kajaria ceramics maintains buy rating with revised target of rs 1600
09:21 24.10.2024
Mahindra Logistics maintains buy rating with revised target of Rs 560
09:17 24.10.2024
kpit tech shares plunge 15 percent after jpmorgan cuts target price
09:16 24.10.2024
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