{
KR Choksey

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}
Vinati Organics upgraded to accumulate with target price of 2002 rupees
KR Choksey has upgraded Vinati Organics to "ACCUMULATE" with a target price of INR 2,002, following a strong performance where PAT exceeded expectations by 4.9%. Revenue rose 19.5% YoY to INR 5,533 Mn, with EBITDA growing 27.7% YoY, supported by positive demand recovery and planned capex expected to yield results in H2FY25E and FY26E.
Moneycontrol
Indian Rupee Vinati Organics Limited IND KR Choksey
Finance & Economy, Market Report
07:38 19.11.2024
Glenmark Pharmaceuticals receives buy rating with target price of 1894 rupees
KR Choksey has maintained a "BUY" rating for Glenmark Pharmaceuticals with a target price of INR 1,894. The company"s revenue growth was supported by strong performance in India and Europe, although EBITDA fell short due to higher employee and other expenses. Adjusted net profit exceeded estimates, driven by lower depreciation and tax expenses, with expectations of 6.7% revenue growth and 42.5% adjusted PAT growth over FY24-FY26E.
Moneycontrol
Indian Rupee Glenmark Pharmaceuticals Limited IND KR Choksey
Finance & Economy, Market Report
07:03 19.11.2024
DCX Systems receives buy rating with revised target price of 466 rupees
KR Choksey maintains a BUY rating on DCX Systems with a target price of INR 466, despite revising EPS estimates down by 34% for FY25E and 10% for FY26E due to ongoing margin pressures and increased raw material costs. The company reported significant order wins worth INR 30,000 Mn in Q2FY25, enhancing revenue visibility, although margins remain under strain. The outlook remains positive, particularly in the railway and defense sectors, supporting confidence in DCX's growth potential in the EMS space.
Moneycontrol
Indian Rupee DCX Systems Limited KR Choksey
Finance & Economy, Market Report
06:28 15.11.2024
archean chemical industries faces challenges but maintains growth potential
Archean Chemical Industries reported a significant decline in Q2FY25 revenue and PAT, down 17% and 74% YoY, respectively, primarily due to lower industrial salt volumes and an inventory loss of INR 402 Mn. Despite revising FY25E and FY26E earnings estimates downward by 21% and 10%, the company’s strategic investments in silicon carbide and zinc bromide battery technologies signal a shift towards a more specialty product portfolio. The target price has been adjusted to INR 890, reflecting a potential upside of 32.6% from the current market price.
Moneycontrol
Indian Rupee Archean Chemical Industries Limited IND KR Choksey Show more
Finance & Economy, Market Report
12:22 14.11.2024
Ramco Cements target price raised to 985 amid strong performance outlook
KR Choksey has maintained an "ACCUMULATE" rating on Ramco Cements, raising the target price to INR 985 from INR 866. Despite a 22.6% YoY decline in EBITDA to INR 3,141 Mn and a 64.3% drop in PAT to INR 257 Mn, the company’s strong operational performance and expansion plans support this optimistic outlook. The anticipated demand increase from infrastructure projects and improving cement pricing further bolster confidence in future earnings.
Moneycontrol
Indian Rupee The Ramco Cements Ltd. IND KR Choksey
Finance & Economy, Market Report
08:51 13.11.2024
ICICI Bank reports strong growth and raises target price to 1500
ICICI Bank reported a robust Q2FY25, with net interest income rising 9.5% YoY to INR 200,480 Mn and a profit after tax increasing 14.5% YoY to INR 117,459 Mn. The bank's strong performance in retail and SME segments led to a revised target price of INR 1,500 per share, reflecting a 16% upside, maintaining a "BUY" rating.
Moneycontrol
Indian Rupee ICICI Bank Limited IND KR Choksey
Finance & Economy, Market Report
06:12 30.10.2024
Adani Wilmar reports strong revenue growth but misses profit estimates
Adani Wilmar reported a 17.9% YoY revenue increase to INR 144,605 Mn for Q2FY25, driven by a 34.0% growth in the Food & FMCG segment. Despite a significant 294.1% YoY rise in EBITDA to INR 5,662 Mn, results fell short of estimates due to high operating expenses. The target price is revised to INR 373 per share, maintaining an 'ACCUMULATE' rating.
Moneycontrol
Indian Rupee Adani Wilmar Ltd. IND KR Choksey
Finance & Economy, Market Report
05:57 30.10.2024
ITC reports strong revenue growth but misses profit estimates in Q2FY25
ITC reported a robust Q2FY25 with a 16.7% YoY revenue increase to INR 207,359 Mn, though adjusted net profit rose only 2.0% YoY, missing estimates due to higher depreciation and lower other income. The target price is set at INR 534/share, reflecting a 10.7% upside, maintaining an "ACCUMULATE" rating.
Moneycontrol
Indian Rupee ITC Ltd. IND KR Choksey Show more
Finance & Economy, Market Report
04:38 28.10.2024
Supreme Petrochem target price revised to 877 amid market challenges
Supreme Petrochem has shown better-than-expected top-line growth driven by increased price realization, while profitability remained stable due to consistent raw material pricing. Future growth is anticipated from strong domestic demand, EPS capacity expansion, and a new Mass ABS project. However, FY25E/FY26E estimates have been slightly lowered, leading to a revised target price of INR 877/share amid export pressures from geopolitical uncertainties.
Moneycontrol
Indian Rupee Supreme Petrochem Limited IND KR Choksey
Finance & Economy, Market Report
07:08 25.10.2024
Bajaj Finance reports strong growth and maintains buy rating with new target price
Bajaj Finance reported a 22.8% YoY increase in Net Interest Income (NII) for Q2FY25, reaching INR 88,377 Mn, driven by strong AUM growth. Despite a 13.0% YoY rise in profit after tax to INR 40,137 Mn, higher provisions impacted net profit, which missed estimates by 1.0%. The firm maintains a positive long-term outlook, adjusting its target price to INR 8,066 per share while keeping a "BUY" rating.
Moneycontrol
Indian Rupee Bajaj Finance Limited IND KR Choksey
Finance & Economy, Market Report
07:53 24.10.2024
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