10 Feb 2025
Finolex Industries
BOB Capital Markets Ltd.
Reco
Target
217.01
250.00
195.01
(11.28%)
15.20
Buy
Broker Report
Gained market share in pipe segment in a difficult environment by offering heavy discounts to its dealers
09 Feb 2025
JK Lakshmi Cement
BOB Capital Markets Ltd.
Target
948.95
694.00
843.60
(12.49%)
Target met
Sell
Broker Report
Double-digit revenue decline YoY by 13% dragged by lower volume growth, down 5%, and weak realisations that fell by 10%
08 Feb 2025
Mahindra & Mahindra
BOB Capital Markets Ltd.
Target
3234.50
3689.00
3198.45
(1.13%)
14.05
Buy
Broker Report
Automotive and tractor segment volume grew in double digits by ~16% /20% YoY; reflects strong show in festive/post-festive season
08 Feb 2025
The Ramco Cements
BOB Capital Markets Ltd.
Target
1080.60
722.00
894.80
(20.76%)
33.19
Sell
Broker Report
Q3 revenue declined ~6%/3% YoY/QoQ as pricing pressures impacted realisations and profitability severely (down by 10%/5% YoY/QoQ)
08 Feb 2025
Life Insurance Corp
BOB Capital Markets Ltd.
Target
864.15
1071.00
816.10
(5.89%)
23.94
Buy
Broker Report
APE and net premium income declined 24% YoY and 11% YoY; renewal premium rose 4% YoY in Q3FY25
08 Feb 2025
Britannia Industries
BOB Capital Markets Ltd.
Reco
Target
5891.50
4395.00
4870.50
(20.96%)
25.40
Sell
Broker Report
Compared to consensus, there was a beat on sales at 1% and on EBITDA at 6%. EBITDA beat on lower SG&A as a % of sales
08 Feb 2025
Firstsource Solutions
BOB Capital Markets Ltd.
366.75
411.00
354.55
(3.44%)
12.07
Buy
Broker Report
3QFY25 broadly in line. Estimate organic growth in FY25 is likely at ~16% CC terms. Possibly second best in the Tierr-2 set
08 Feb 2025
Alkem Laboratories
BOB Capital Markets Ltd.
Reco
Target
5246.50
4527.00
5151.35
(1.85%)
Target met
Sell
Broker Report
Domestic sales were 6% below our estimates mainly due to slower recovery in the acute therapies and no price hike in NLEM portfolio
08 Feb 2025
Hero MotoCorp
BOB Capital Markets Ltd.
Target
5312.00
4892.00
4274.65
(24.27%)
Target met
Hold
Broker Report
Q3 revenue grew by ~5% YoY to Rs 102bn, driven by realisation gains as volume growth stayed muted owing to fierce competition
08 Feb 2025
Greenply Industries
BOB Capital Markets Ltd.
Reco
Target
306.60
360.00
298.40
(2.75%)
17.42
Buy
Broker Report
Broadly in-line operating performance; sharp beat in APAT by 53% in Q3 due to lower interest expense on account of forex gain