18 Sep 2023
Orient Cement Ltd.
BOB Capital Markets Ltd.
Reco
Target
166.60
128.00
172.85
(-3.62%)
23.17
Sell
Broker Report
Expansion snags due to plant relocation to hamper medium-term growth as utilisation likely breaches 80% in FY25
13 Sep 2023
RBL Bank Ltd.
BOB Capital Markets Ltd.
Reco
Target
233.00
233.00
227.75
(2.31%)
Target met
Hold
Broker Report
Expect pickup in retail loans and newer products to aid a 19% credit CAGR over FY23-FY25, with deposit CAGR of 15%
08 Sep 2023
JK Lakshmi Cement Ltd.
BOB Capital Markets Ltd.
644.45
551.00
679.35
(-5.14%)
14.50
Sell
Broker Report
Borrowing limit raised to Rs 70bn at AGM but resolution to hike inter-corporate transaction limit 4x to Rs 100bn rejected
06 Sep 2023
TTK Prestige Ltd.
BOB Capital Markets Ltd.
778.50
808.15
(-3.67%)
Not Rated
Broker Report
Management optimistic on festive-led demand revival in H2FY24; foresees no pricing action as commodity prices have eased
01 Sep 2023
Bajaj Finance Ltd.
BOB Capital Markets Ltd.
Target
7471.35
9105.00
7320.60
(2.06%)
21.87
Buy
Broker Report
Momentum across consumer, commercial, SME and mortgage lending to propel a 28% AUM CAGR over FY23-FY25E
29 Aug 2023
Reliance Industries ..
BOB Capital Markets Ltd.
2354.95
3015.00
2420.35
(-2.70%)
28.03
Buy
Broker Report
Pivoted towards consumption and new-age technology in India and beyond for sustainable growth
23 Aug 2023
Crompton Greaves Con..
BOB Capital Markets Ltd.
296.05
360.00
308.90
(-4.16%)
21.60
Buy
Broker Report
Lighting division moving to a new corporate structure, eyeing commercial orders, and pruning prices to spur volumes
16 Aug 2023
ITC Ltd.
BOB Capital Markets Ltd.
Target
443.10
523.00
450.25
(-1.59%)
18.03
Buy
Broker Report
Cigarettes business delivered sustained volume growth in Q1 at ~10% YoY; innovation remains in focus
15 Aug 2023
Aurobindo Pharma Ltd.
BOB Capital Markets Ltd.
Reco
Target
866.40
880.00
871.65
(-0.60%)
Target met
Hold
Broker Report
Q1 revenue/EBITDA beat consensus by 4%/9% with adj. PAT (ex-one-off charge) running 15% ahead
14 Aug 2023
The Ramco Cements Ltd.
BOB Capital Markets Ltd.
858.70
585.00
840.50
(2.17%)
31.87
Sell
Broker Report
New capacities (+2mt YoY) aid a 28% jump in Q1 volumes but pursuit of growth impacts realisations
14 Aug 2023
Crompton Greaves Con..
BOB Capital Markets Ltd.
Target
296.05
360.00
300.35
(-1.43%)
21.60
Buy
Broker Report
ECD revenue growth at par with industry but lighting segment lagged peers in Q1
12 Aug 2023
Steel Authority of I..
BOB Capital Markets Ltd.
Target
93.20
90.00
91.10
(2.31%)
Target met
Hold
Broker Report
Q1 EBITDA/t drops 42% YoY to Rs 4.2k/t, reflecting the impact of high operating leverage
12 Aug 2023
Voltas Ltd.
BOB Capital Markets Ltd.
Target
865.55
910.00
828.55
(4.47%)
Target met
Hold
Broker Report
Q1 a mixed bag with UCP performing well (+ 16% YoY) while losses continued in the EMP segment
11 Aug 2023
Ambuja Cements Ltd.
BOB Capital Markets Ltd.
Target
420.95
435.00
456.40
(-7.77%)
Target met
Hold
Broker Report
Q1 consolidated topline grew 9% YoY as volumes increased 9% while realisations stayed flat
11 Aug 2023
Life Insurance Corpo..
BOB Capital Markets Ltd.
Target
651.30
770.00
659.85
(-1.30%)
18.23
Buy
Broker Report
Q1FY24 individual APE declined 8% YoY but non-par business grew 22% (constituting 10.2% of individual APE vs. 7.8% in Q1FY23)
10 Aug 2023
Alkem Laboratories L..
BOB Capital Markets Ltd.
Target
3550.65
3300.00
4141.40
(-14.26%)
7.06
Sell
Broker Report
Q1 revenue/EBITDA a beat as international business outperformed; adj. PAT growth in line with consensus at 65% QoQ
10 Aug 2023
V-Guard Industries L..
BOB Capital Markets Ltd.
Target
301.95
290.00
308.40
(-2.09%)
-3.96
Hold
Broker Report
All-round growth in Q1 led by non-South India markets that grew at 17% YoY
09 Aug 2023
Siemens Ltd.
BOB Capital Markets Ltd.
Target
3689.05
3900.00
3732.10
(-1.15%)
Target met
Hold
Broker Report
Strong execution-led revenue growth of 14% YoY together with 190bps EBITDA margin expansion in Q3
08 Aug 2023
Dalmia Bharat Ltd.
BOB Capital Markets Ltd.
Target
2245.60
1934.00
2015.70
(11.41%)
Target met
Hold
Broker Report
Q1 muted as DBL restricted supply to safeguard prices but still failed to stave off a decline in realisations (-3% YoY)
08 Aug 2023
Godrej Consumer Prod..
BOB Capital Markets Ltd.
986.15
1159.00
1009.45
(-2.31%)
17.53
Buy
Broker Report
Volume-led growth continues in India business at 12% YoY in Q1; margin expansion seen across geographies