Emkay Global Financial Services Ltd.

The month of January has seen very tepid market v..

Below Perspective on markets by Mr. S Hariharan, Head Institutional Equity Sales, Emkay Global Financial Services “The month of January has seen very tepid ..

Buy Karur Vysya Bank Ltd For Target Rs.155 - Emkay..

Higher margins, NPA recovery fuel ROA to a decadal high * Despite higher provisions including hit on SR book, KVB reported a 13% beat on PAT at Rs2.9bn (vs est: Rs2.6b..

Hold Route Mobile Ltd For Target Rs. 1,340 - Emkay..

Muted volume growth; Mix change led realization growth and earnings beat Route Mobile reported better-than-expected operating performance in Q3. Revenue grew by 16.5% ..

Buy Canara Bank Ltd For Target Rs. 385 - Emkay Glo..

Margins power earnings beat; retain BUY * Canara Bank reported a strong beat on PAT at Rs28.8bn, up 92% YoY (vs our estimate of Rs20.2bn), mainly backed by continued u..

Hold Poonawalla Fincorp Ltd For Target Rs.300 - Em..

Operating profit growth fueled by NIM expansion Result highlights: Poonawalla Fincorp Limited (PFL) reported Q3FY23 standalone PAT of ~Rs1.5bn (+15.6% QoQ/+87.5% YoY),..

Buy UltraTech Cement For Target Rs 7,350 Emkay Gl..

Higher cost led to EBITDA miss; market-share gains likely to continue UltraTech’s consolidated EBITDA declined ~4% YoY/increased 25% QoQ to Rs23.4bn in Q3FY23, c..

Buy Axis Bank Ltd For Target Rs : 1,300 Emkay Glob..

Moderate growth, but margin sparkles * Axis Bank continued to report strong core profitability (up 53% YoY), supported by robust margin expansion (+30bps QoQ/70bps YoY..

Massive capex underway in Reliance Industries Ltd.

RIL has spent Rs 1 trillion capex year to date, majority of which is on Jio, followed by retail and E&P, as a result of which the reported net debt is Rs 1.1 tr..

FIIs have been net sellers worth $2.5 bn in Januar..

Below Perspective on markets by Mr. S Hariharan, Head Institutional Equity Sales, Emkay Global Financial Services “The earnings season thus far has met or b..

Proposed ECL provisioning norms can release provis..

The proposed Expected Credit Loss (ECL) provisioning could release provisioning for some large banks while some small private and regional banks may have to accelerate pr..

India central bank's new proposal on loan loss pro..

The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements f..

Wipro December 2022 Quarter Results IT services ma..

Wipro Dec’22 Quarter Results – IT services margin beats estimates; Q4 Guidance below expectations Actual vs. expectations Revenue tad below estimates wh..