25 Apr 2025
SBI Life Insurance
BOB Capital Markets Ltd.
Target
1699.80
2008.00
1695.10
(0.28%)
18.13
Buy
Broker Report
Moderate APE growth of 2% YoY in Q4FY25, 9% YoY in FY25; while VNB margins expand ~200bps YoY in Q4
25 Apr 2025
Hindustan Unilever
BOB Capital Markets Ltd.
Target
2332.90
2713.00
2332.20
(0.03%)
16.29
Buy
Broker Report
4QFY25 sales were in line, but EBITDA 2% ahead of Bloomberg consensus
25 Apr 2025
Axis Bank
BOB Capital Markets Ltd.
Target
1151.10
1354.00
1166.30
(-1.30%)
17.63
Hold
Broker Report
Muted advances and deposits growth, with low signs of improvement in near term
25 Apr 2025
Dalmia Bharat
BOB Capital Markets Ltd.
Target
1916.80
1742.00
1965.90
(-2.50%)
9.12
Sell
Broker Report
Revenue declined by 5% YoY (+30% QoQ) to ~Rs 41bn, as volume growth stunted and realisations fell despite slower volume gains
25 Apr 2025
Nestle
BOB Capital Markets Ltd.
Target
2325.40
2462.00
2413.50
(-3.65%)
5.87
Hold
Broker Report
4QFY25 sales were above our estimates, but EBITDA was in line. NEST continues to manage margins despite high cocoa/coffee inflation
24 Apr 2025
Supreme Industries
BOB Capital Markets Ltd.
Target
3483.80
4500.00
3511.70
(-0.79%)
29.17
Buy
Broker Report
Missed EBITDA estimate by 3% on weak pipe volume (+2.2% YoY vs +30% guidance), but beats PAT estimate by 3.5% on lower tax rate
24 Apr 2025
Tata Consumer
BOB Capital Markets Ltd.
Target
1113.70
1325.00
1161.30
(-4.10%)
18.97
Buy
Broker Report
Tea market share losses to unorganised / regional players are limiting inflation pass-through. Margin recovery now reliant on deflation
24 Apr 2025
MindTree
BOB Capital Markets Ltd.
Reco
Target
3433.85
3837.00
3433.85
-11.74
Sell
Broker Report
Venu Lambu, part of erstwhile Mindtree, joins as CEO. Strategies sound similar. Only execution matters as LTIM has not lived up to promise
23 Apr 2025
Havells
BOB Capital Markets Ltd.
Target
1548.30
1770.00
1612.00
(-3.95%)
14.32
Hold
Broker Report
Q4 Revenue grew 20% YoY/34% QoQ, driven by strong performances in Lloyd (+39% YoY) and C&W (+21% YoY)
23 Apr 2025
Au SF Bank
BOB Capital Markets Ltd.
687.00
717.00
665.45
(3.24%)
4.37
Buy
Broker Report
Advances growth driven by secured loans; deposit growth was strong compared to system levels