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Crompton Greaves Consumer Electricals has shown consistent growth over the past five quarters, driven by strong performance in non-ceiling fans, a 20% YoY increase in pump sales, and robust growth in appliances through e-commerce and modern trade. The company is expanding its channels and investing in advertising, with a projected revenue/EBITDA/PAT CAGR of 12.8%/20.3%/25.0% from FY24-27E. Despite minor downward revisions in earnings estimates for FY25 and FY26, a 'BUY' rating is maintained with a target price of Rs 536, based on 40x FY27E earnings.
Zydus Lifesciences reported a Q2 EBITDA of Rs 14.2 billion, reflecting a 33% year-on-year increase, aligning with estimates. Despite a 25% stock price correction over three months due to product concentration risks and competition, the company’s strong domestic presence and a robust pipeline of complex products are expected to drive future growth. Prabhudas Lilladher maintains an 'Accumulate' rating with a revised target price of Rs 1,050, valuing the stock at 25 times FY27E EPS.
Prabhudas Lilladher has maintained a 'HOLD' rating on Navneet Education, setting a target price of Rs 139. The firm has revised its EPS estimates downwards due to challenges in the publishing division and increased competition in the stationery market, forecasting an 11% sales and 18% PAT CAGR from FY25E to FY27E. Recent results showed a 5% revenue miss and operational break-even, reflecting weak demand and declining average selling prices.
Titan Company has shown robust growth across most segments, driven by a 10% cut in custom duty boosting jewellery sales, strong demand in watches and wearables, and positive responses in sub-2 lakh jewellery lines. The company is investing in advertising and consumer activations to enhance growth, with strong demand trends noted in October. The stock is now rated as a Buy with a target price of Rs 3782, reflecting a favorable risk-reward scenario following recent corrections.
Indraprastha Gas reported disappointing Q2 results, with EBITDA at Rs5.4bn, down 7.9% QoQ, and PAT at Rs4.3bn, up 7.4% QoQ due to higher other income. Despite strong volume growth of 8.7% YoY, EBITDA/scm fell to Rs6.5. The stock is now rated 'HOLD' with a target price of Rs402, reflecting a conservative growth outlook.
Prabhudas Lilladher has maintained an 'Accumulate' rating on Greenpanel Industries with a target price of Rs 450, following a 6.9% downward revision of FY25 earnings estimates due to weak Q2 performance and rising competition. The company anticipates a 15-18% YoY growth in domestic MDF volumes for H2FY25, despite a 4.4% YoY decline in MDF realization in Q2FY25. Revenue, EBITDA, and PAT are projected to grow at CAGRs of 15.9%, 21.3%, and 23.8% respectively from FY24 to FY27, with MDF volume growth expected at 15.2%.
NOCIL reported a topline of Rs3.6bn, slightly below expectations, with a 2.5% sequential decline due to logistics challenges, despite an 11% YoY sales volume growth. EBITDA/kg fell 25% YoY amid rising operating expenses, while the company plans a Rs2.5bn capacity expansion to meet high demand, expected to be operational by H2FY27. The stock is rated 'Reduce' with a target price of Rs256, reflecting a valuation of 27x FY26/FY27 EPS.
Nippon Life India Asset Management reported a strong quarter with a 2% increase in core income, driven by a 2.7% revenue beat and improved blended yields. The company's net equity flow market share rose significantly, prompting an upgrade in core EPS forecasts for FY25E and FY26E, leading to a revised target price of Rs 820. The stock is currently valued at 28x on September 2026 core EPS, with a healthy core PAT CAGR projected at 28% over FY24-26E.
Prabhudas Lilladher has upgraded its recommendation for Supreme Industries to 'BUY' with a target price of Rs 5,752, following a recent stock price correction. Despite a slight volume growth of 0.2% in Q2FY25, the company anticipates a 14-15% overall volume growth for FY25, driven by capacity expansions and new product launches. Earnings estimates for FY25 to FY27 have been revised downward, reflecting challenges in the plastic pipe segment, but the long-term outlook remains positive.
Persistent Systems' stock surged 10% following a strong Q2 earnings report, with a 23.4% YoY increase in net profit to Rs 325 crore and a 20.1% rise in revenue to Rs 2,897 crore. Over the past year, the stock has skyrocketed 95%, significantly outperforming the Nifty's 28% gain. Brokerages are optimistic, with projections of 18% CAGR in USD revenues and 22% in earnings from FY24 to FY27, although some caution that current valuations may be high.
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