Mahindra Finance by Emkay Global Financial ServicesAnalysis dated 18 October 2024Sector: Finance – NBFCPrice on Analysis date: Rs. 281.4Target Rs. 360(28.0% upside potential) Target Period: 12 Months Mahindra Finance Stock Research Report We upgrade MMFS to BUY with our revised Sep-25E TP of Rs360 (implying FY26E P/BV of 2x; up from Rs280 earlier), as we see […]
Read more..Karur Vysya Bank by Emkay Global Financial ServicesAnalysis dated 17 October 2024Sector: Bank – PrivatePrice on Analysis date: Rs. 216.9Target Rs. 300(38.3% upside potential) Target Period: 12 Months Karur Vysya Bank Stock Research Report Karur Vysya Bank (KVB) continues to deliver strong earnings growth with PAT at Rs4.7bn and peer-best RoA at ~1.7%, driven by strong […]
Read more..Axis Bank by Emkay Global Financial ServicesAnalysis dated 18 October 2024Sector: Bank – PrivatePrice on Analysis date: Rs. 1131.9Target Rs. 1400(23.7% upside potential) Target Period: 12 Months Axis Bank Stock Research Report Axis Bank reported another soft quarter with credit growth slipping to 11% YoY, while higher slippages/w offs led to elevated provisions (including contingent provisions). […]
Read more..Coal India Stock Research Report by Emkay Global Financial ServicesAnalysis dated 01 October 2024Sector: CoalPrice on Analysis date: Rs. 510.2Target Rs. 600(17.6% upside potential) Target Period: 12 Months Coal India Stock Research Report Coal India has reported production of 51mt for September (10.4% MoM; -1% YoY). This aggregates to 341mt of production for 1HFY25. Likewise, offtake […]
Read more..Petronet LNG Stock Research Report by Emkay Global Financial ServicesAnalysis dated 01 October 2024Sector: Oil Exploration and ProductionPrice on Analysis date: Rs. 344.1Target Rs. 425(23.5% upside potential) Target Period: 12 Months Petronet LNG Stock Research Report We upgrade PLNG to BUY from Add and raise our TP by 16% to Rs425/sh. We reiterate our positive view […]
Read more..Dabur India Stock Research Report by Emkay Global Financial ServicesAnalysis dated 01 October 2024Sector: Household & Personal ProductsPrice on Analysis date: Rs. 619Target Rs. 650(5% upside potential) Target Period: 12 Months Dabur India Stock Research Report We downgrade Dabur to ADD from BUY with TP cut from Rs750/sh to Rs650/sh, due to limited upside. We have […]
Read more..Mahindra Finance Stock Research Report by Emkay Global Financial ServicesAnalysis dated 01 October 2024Sector: Finance – NBFCPrice on Analysis date: Rs. 330.7Target Rs. 270(-18.4% Downside potential) Target Period: 12 Months Mahindra Finance Stock Research Report We recently met Raul Rebello (MD & CEO) and Vivek Karve (CFO) of MMFS for an update on the company’s strategy […]
Read more..One97 Communications Stock Research Report by Emkay Securities Analysis dated 24 September 2024 Sector: BFCI Price on Analysis date: Rs. 641, Target Rs. 750 (17% upside potential) Target Period: 12 Months We upgrade Paytm to ADD, while elevating our DCF-based TP to Rs750/share (earlier Rs375), implying 3.6x/3x FY26E/27E EV/Operating revenue, as the easing regulatory stance […]
Read more..Aditya Birla Capital, Emergence of a behemoth Call & Research Report by Emkay Global Sector: Finance – Investment CMP Rs. 155, Target Rs. 200 (29% upside potential) Target Period: 12 Months We initiate coverage on Aditya Birla Capital (ABCAP) with a BUY recommendation and Mar-24E TP of Rs200/share (+29% upside), based on SOTP-based valuation methodology. […]
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October 19, 2024
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