New Research Reports

We maintain our HOLD rating on the stock.

We maintain our BUY recommendation on the stock.

We maintain our BUY rating on the stock.

Asian Markets The Japanese market traded positively, breaking ranks with Wall Street, which declined overnight. Nikkei was up 0.19%. Hong Kong and China markets remained closed for the Lunar New Year holidays.

We maintain our recommendation of BUY on the stock.

Embassy REIT has provided strong guidance on NOI and NDCF for the next year at the midpoint. Therefore, a BUY rating is maintained with a target price of Rs 405/share, implying an upside of 11% from the current market price (CMP).

• Every investor or trader wants to know how the Union Budget impacts the market! We looked at the past data of the last 14 Union Budgets and analysed the post-budget returns of Sensex, Nifty, Midcap, Smallcap and key sectors.
• Talking about the Sensex & Nifty, in the 7 days following the budget, both Sensex and Nifty have been positive 9 out of 14 times, with an average gain of 2.5-3%. They have been negative only 5 times, with an average loss of 1.75-2%.

End of Day Summary

Retail Research

MMFS delivered a stable quarter in terms of growth, margins, and credit costs. Quarterly PAT stood at ~Rs9bn, with the beat primarily driven by minimal credit costs, which resulted from the ECL-model refresh (leading to lower PD and LGD estimates).