Research Reports published by SHAREKHAN

Hero MotoCorp Ltd.    
03 Jan 2021
2928.35
0.73%
buy
Sharekhan
Our interaction with Hero MotoCorp's (HMCL) management indicated that the structural growth traction in the two-wheeler (2W) industry remains intact. HMCL continues to benefit from premiumisation of its products, its stronghold in the economy and executive motorcycle segments, and aggressive products offerings in premium bike and scooters segments. HMCL is a market leader in the Indian 2W industry, commanding a ~38.5% share. The company commands ~65% market share in the combined economy and executive motorcycle segment, which together makes up 80% of the motorcycle market size in India. HMCL has strong penetration in semi-urban and rural areas, aided by its largest distribution network...
Hero MotoCorp Ltd. is trading above it's 50 day SMA of 2908.7
Biocon Ltd.    
03 Jan 2021
397.55
-0.95%
buy
Sharekhan
We retain Buy recommendation on the stock of Biocon with a revised PT of Rs. 520. Biologics segment is expected to be a significant growth driver and the company is well placed to harness the opportunities emerging in global biosimilars space. Sturdy growth prospects, strong earnings visibility, healthy balance sheet position and lower debt-equity augur well for the company. The possible listing of its wholly owned subsidiary - Biocon Biologics Limited...
Biocon Ltd. is trading above it's 100 day SMA of 396.7
State Bank of India    
03 Jan 2021
418.85
0.05%
buy
Sharekhan
State Bank of India (SBI) is an attractive play on a gradual recovery in Indian economy, with a healthy PCR (88% including Technical Write Off), robust Tier 1 capital ratio of ~11.9% and a strong liability franchise. Manageable asset quality outlook with a 97% collection efficiency, guidance of just Rs. 60,000 crore for FY2021 slippages and restructuring (~2.5% of gross advances), and only ~Rs 2,000 crore of provisions remaining provide comfort. Stock trades at 1.2x / 1.0x its FY2022E / FY2023E ABVPS which is reasonable;...
default
Number of FII/FPI investors increased from 996 to 1087 in Mar 2021 qtr.
Petronet LNG Ltd.    
03 Jan 2021
231.10
0.41%
buy
Sharekhan
Sharp recovery in LNG imports (up 12% y-o-y in November and continuous y-o-y growth since July) would help Petronet LNG (PLNG) to sustain high utilisation rate for its Dahej terminal. PLNG to also take 5% re-gas tariff hike for Dahej terminal from January 2021. We do not see any concern on volume outlook from the recent rise in spot LNG price as 98% of volume comes from long-term and tolling contracts. Kochi terminal utilisation to reach breakeven level of 25% by Q4FY2021. PLNG is well positioned to tap India's rising LNG consumption with 2mmt expansion at Dahej terminal, ramp-up of Kochi terminal utilisation, and focus to enter LNG retailing business....
Number of FII/FPI investors increased from 714 to 809 in Mar 2021 qtr.
212.20
-0.07%
Sharekhan
Aditya Birla Fashion & Retail Ltd (ABFRL) clocked a good recovery in the festive season with its core business Madura Fashion & Lifestyle and Pantaloon Retail saw business recovering to 75-80% (better than a 45% recovery witnessed in Q2FY2021). Company will reduce debt by Rs. 1,750 crore (to ~Rs. 900 crore) by FY21-end by raising...
Aditya Birla Fashion.. has an average target of 216.67 from 6 brokers.
KEC International Ltd.    
30 Dec 2020
438.35
0.31%
buy
Sharekhan
We retain a Buy on KEC International Limited (KEC) with an unchanged PT of Rs. 435, considering its improving operations and reasonable valuations. Pick-up in execution would ensure better performance in FY2021. Strong YTD order inflows and a Rs. 30,000-crore bidding pipeline offer visibility for remainder of FY21. Expect 1.4x and 2.5x y-o-y rise in revenue for rail and civil in FY2021. Rail division continues faster execution, while order tendering is gaining traction for railways and tendering in T&D; is largely dominated by international market. YTD collections better than last year. Interest outgo contained with lower rate debt....
KEC International Ltd. has gained 75.94% in the last 1 Year