Margin pressure from US leads a D/G to ADD
Alembic Pharma reported an extremely weak set of numbers with US revenues down 34% QoQ and flat YoY. Even..
Disappointing quarter due to volume decline and subdued Indonesia business; downgrade to ADD
GCPL reported a soft quarter both on growth and margin fronts ..
Margin pressure continues; H2 to see an uptick
KEC International (KECI)reported a mixed set of numbers, with healthy topline growth across both T&D (17..
Manappuram delivered a 2%/3%/4% NII/PPOP/PAT beat on our estimates, with outperformance driven by both better-than-expected AUM growth..
Lock-in Expiry – hold tight or safe flight?
* With dust finally settling on the tumultuous pre-IPO shareholding expiry of Zomato, we have another company from th..
Cost headwinds impact margin outlook
JK Cement 1QFY23 results came in line with our estimates. Net sales came in at INR21.2bn; +33% YoY, in line with JMFe, as growth w..
Consumer Products scaling up; margins set to revive
Bajaj Electricals (BJE) posted Q1FY23 sales at Rs12.3bn, 5%/2% above our/consensus estimates. Consumer Products (CP..
Strong growth path to continue
La Opala clocked sales of Rs820m (+155% YoY), EBITDA of Rs327mn (+243% YoY) and PBT of Rs276mn (+139%). Sales and EBITDA grew at CAGR of..
Strong execution; irrigation receivables rise
KNR Constructions’ (KNR) Q1FY23 PAT at..
HIGHLIGHTS FROM THE QUARTER:
* The Indian Hume Pipe Company Ltd (IHP) reported total revenue of Rs. 376.08 cr, for Q1FY23 as against Rs. 292.15 cr in Q1FY22. In the cu..
Modest performance; outlook intact
* Aegis Logistics (AGIS) reported an in-line EBITDA of INR1.46b (INR1.5b est.; +39% YoY, +2% QoQ) after adjusting for a one-time exp..
Things turning around for the better; asset quality improves
* REPCO reported a 1QFY23 PAT of INR808m (22% beat), driven by lower annualized credit costs of ~80bp (PQ:..
Rupee weakens against US dollar on Thursday
Euro testing support as Ukraine crisis looms over growth
India rupee sees worst week in seven on new variant
Indian rupee weakens against US dollar on Monday
Currency Squeeze: Rupee expected to weaken further
Quote on Nifty: The trend remains positive as the index has been sustaining above the major Says Rupak De, LKP Securities
Daily market commentary By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Buy Alembic Pharmaceuticals Ltd For Target Rs.830 - Yes Securities
Add Godrej Consumer Products Ltd For Target Rs.946 - Yes Securities Ltd
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