EMKAY EDELWEISS SECURITIES
Pre-IPO lock-in of 14 companies to expire in 2022; analysts remain positive on major players
The list includes startup players and traditional businesses from financial services, industrial mining, speciality chemicals, pharmaceuticals, real estate
Can underperforming Hero Moto deliver strong returns post Q1?
The automaker said its consolidated profit after tax grew 71 per cent YoY at Rs 625 crore, missing ET Now poll estimate of Rs 796.60 crore. Revenue jumped 53 per cent YoY to Rs 8,393 crore. Ebitda margin at 11.2 per cent was flat sequentially and was below analyst expectations. Yet, the stock rose 2.47 per cent to Rs 2,829.05 in Tuesday's trade
Bharti Airtel's multifold jump in Q1 net fails to bring target upgrades for stock. Here's why
Analysts are, however, unsure of the payback from 5G. Given that Bharti Airtel has been aggressive in 5G spectrum purchases, a few among them believe high capex may delay the deleveraging process. All eyes are on tariff hikes, they said while suggesting up to 9-34 per cent potential upside for the scrip
5G Auction: What analysts said on Bharti Airtel, Voda Idea & Jio
"We have now assumed a tariff hike of 15 per cent in our Q4FY23 estimates and lower SUC charge. As 5G use cases are still scarce globally, monetisation of such high-spectrum investments will take longer. We have not yet baked in 5G revenue in our estimates, as we would wait for progress on the commercial launch and B2B tie-ups by companies," Emkay Global said.
ICICI Bank is getting fan mail from analysts. How should investors respond?
Among global brokerages, CLSA has a buy call with a target price of Rs 1,040 on ICICI Bank. Jefferies has set a target price of Rs 1,080. Morgan Stanley has an overweight rating with a target of Rs 1,040. These targets suggest an upside potential of up to 35 per cent of Monday’s closing price of Rs 800.90.
HDFC Bank Q1 preview: Profit may grow 18-22% YoY; NIM, asset quality likely to remain stable
Emkay Global said it sees HDFC Bank's profit climbing 18.2 per cent YoY to Rs 9,135.50 crore from Rs 7,729.60 crore. NII is seen jumping 16.3 per cent YoY to Rs 19,785.60 crore from Rs 18,872.70 crore. NIM is expected to stay flat at 4.2 per cent quarter-on-quarter (QoQ).
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2 stocks that may contribute 65% of incremental Nifty earnings in Q1
Kotak said it sees Nifty50 profit growing 27 per cent YoY but down 11 per cent sequentially. This brokerage said Reliance may report a 98.7 per cent YoY rise in net profit at Rs 24,390.60 crore on a 67.6 per cent YoY rise in net sales at Rs 2,34,500 crore. It sees ONGC reporting a 235.20 per cent YoY rise in net profit at Rs 14,531.60 crore. Sales are seen rising 96.3 per cent YoY to Rs 45,182 crore.
TCS stock: Should investors buy or sell after Q1 results?
All Nifty IT stocks have eroded wealth in double digits so far in 2022. Out of them, TCS, with a YTD drop of 12.65 per cent, is the best performer. Analysts at Ambit Capital said although TCS’s revenue growth of 3.5 per cent QoQ in constant currency terms was in line, margins missed materially and headline commentary was unchanged.
TCS Q1 results fell short of analyst estimates. Here's what they said
Revenue reported by TCS at $6,780 million, up 15.5 per cent YoY in CC terms, fell short of Street’s estimate of $6,799 million. Operating margin came in at 23.1 per cent, missing Street’s estimate of 23.6 per cent due to much higher supply-side pressure.
TCS Q1 Results: Here are the key things to watch out for
Edelweiss said investors may watch out for deal momentum, tenure and pricing; attrition and supply-side pressure; client budget and how the pipeline is shaping amid geopolitical uncertainties and weak macro outlook.
TCS Q1 results tomorrow. What to expect from tech major this time?
Dollar revenue growth is seen at 3.4 per cent YoY or 1.5 per cent QoQ, with the cross-currency impact seen at 190 basis points. Deal wins and the impact of the macro weakness on growth will be key monitorable, Motilal Oswal said in a note.
As Accenture ups FY22 guidance, D-St analysts pick their top Indian IT bets
Accenture's strong Q3 performance and upward revision in local currency revenue growth guidance for FY22 indicate a robust demand environment, said Emkay Global, which added that broad-based healthy demand, steady revenue growth and healthy order booking in outsourcing (10.5 per cent YoY YTD) augur well for its Indian IT peers.
Infy's confidence cheers up analysts
CLSA has maintained a buy rating on Infosys with a target price of ₹2,040. Emkay Global has maintained a buy with a target price of ₹1,970 considering the strength in demand, steady gain in market share and strong cash generation. The company's management emphasised that demand remains strong across geographies and services, its deal pipeline is robust and it sees no risk to its 13-15% constant currency growth guidance for FY23, said analysts.
Zee faces 'double blow' but D-Street sees up to 77% upside!
Although ZEE launched more than 90 new shows in FY22, its network share was down by 20 bps sequentially to 17.1 per cent - a second-consecutive quarter of decline. Some industry participants have removed channels from free Dish, which should impact ad revenues in the near term," said Emkay Global.
Brokerages raise target price on SBI by up to 23% post Q1 show
Nomura, Kotak Institutional Equities, HSBC, Edelweiss, CLSA, Centrum, Emkay Global and HDFC Securities maintained buy ratings on SBI and raised target prices from 2-23%.
Tech Mahindra stock hits a record high
Shares of Tech Mahindra hit a record high on Friday after the company surpassed consensus estimate on both revenue and margins despite seasonal headwinds. Brokerages raising target price also lifted the stock.Shares of Tech Mahindra ended up 7.24% at `1,209.
Tata Motors sees sharp cut in FY22 estimates yet analysts see up to 74% upside
Analysts said demand for JLR wasn't missing; it was strong at 1,10,000 units, but the company was unable to meet wholesale demand.
20 Nifty stocks trade at valuations below historical averages. Worth a look?
On a trailing basis, Nifty50’s P/E stands at 26.4 times, which is at a 31 per cent premium to its long-term average of 20.2 times. Its price-to-book value quotes at 3.4 times above its historical average of 2.8 times. But 20 out of 50 Nifty stocks still trade at valuations that are below their historical level.
TCS may post strong Q4 growth on deal wins
Some analysts expect a moderate margin improvement of 60-70 basis points from the December quarter margin of 26.6%. This is due to the absence of salary increase in the March quarter since the company had implemented it in the previous quarter.
What’s cooking at rate-setting review: Expect RBI to be more accommodative
Post the Monetary Policy Committee’s February meeting, the debate among economists was whether or not it’s time for the central bank to start guiding the market about its intention to eventually roll back the extraordinarily loose policy steps taken in the middle of the pandemic in 2020.
Rupee to end 2020 on a bullish note
Rupee has been a laggard in 2020, as the currency did not appreciate much despite record inflows.
Cadila Healthcare surges 10% on 4-fold jump in Q2 profit
"We remain positive on Cadila on account of robust launch momentum, build-up of a complex product pipeline including injectables and transdermals, and the completion of remediation at Moraiya," said Motilal Oswal Securities.
ICICI Bank jumps 6% post Q2 results; analysts see up to 66% upside in 12 months
Net interest income (NII) rose 16 per cent to Rs 9,366 crore from Rs 8,077 crore in the year-ago quarter. Net interest margin (NIM) for the quarter stood at 3.57 per cent compared with 3.64 per cent in the year-ago quarter.
Hold Edelweiss Financial Services, target price Rs 95: Emkay Global
Edelweiss Financial Services Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6588.79 Crore) operating in NBFC sector.
Street bullish on Zee Entertainment
CLSA and Edelweiss have maintained a ‘buy’ rating, IDFC Securities has maintained ‘outperformer’, and Macquarie has retained the ‘outperform’ rating.
D-Street buzz about DMA spooks broking firms, stocks tank up to 8%
Under the DMA, investors will be able to trade directly from the exchange instead of going through stockbrokers. This may result in a drop of brokerage revenue.
Kotak Mahindra Bank Q1 results preview: Bottomline to be hit by higher provisions, lower credit growth
The analysts of Emkay projected net interest income at Rs 3,656.5, up 15.2 per cent year on year, and net profit at Rs 1,237 crore, down 9.1 per cent.
Superb stock returns, poor earnings! Damani’s biggest bet of 2020 has all 'sell' calls
On Thursday, the stock had six 'sell' ratings on the publicly available Reuters Eikon database.
Nestle India Q1 review: Topline to feel lockdown pressure, margins to contract
Edelweiss Securities estimates revenue, Ebitda and net profit to dip ~5.8%, ~21.9% respectively.
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