29 Apr 2025
Abbott
BOB Capital Markets Ltd.
31535.00
35292.00
30100.00
(4.77%)
11.91
Buy
Broker Report
Novo Nordisk insulin brand outgo to result in 330 bps and 670 bps increase in EBITDA margin to 30.9% and 34.9% for FY26E and FY27E
29 Apr 2025
UltraTech Cement
BOB Capital Markets Ltd.
Target
11579.00
13919.00
11869.00
(-2.44%)
20.21
Buy
Broker Report
Healthy 10% YoY volume growth aids flat top line despite 10% dent in realisations in a challenging Q4; capacity utilisation spikes at ~90%
29 Apr 2025
Firstsource Solutions
BOB Capital Markets Ltd.
Reco
Target
386.55
379.00
351.70
(9.91%)
Target met
Hold
Broker Report
4QFY25 came in at the upper end of guidance. 15.6% YoY CC revenue organic growth in FY25 top quadrant performance
29 Apr 2025
TVS Motor Company
BOB Capital Markets Ltd.
Target
2837.10
2738.00
2702.60
(4.98%)
Target met
Hold
Broker Report
Q4 revenue grew in double digits at 17%/5% YoY/QoQ) to Rs 95.5bn, backed by volume growth of 16% YoY (flat QoQ) to ~1.22mn units
28 Apr 2025
IDFC First Bank
BOB Capital Markets Ltd.
Target
72.02
79.00
66.50
(8.30%)
9.69
Buy
Broker Report
PAT beat estimates, aided by higher non-interest income and lower operating expenses
27 Apr 2025
DCB Bank
BOB Capital Markets Ltd.
Target
142.00
160.00
127.03
(11.78%)
12.68
Buy
Broker Report
Business growth remains strong with a rising focus towards high-yielding advances
25 Apr 2025
Laurus Labs
BOB Capital Markets Ltd.
Reco
Target
669.55
641.00
625.65
(7.02%)
Target met
Hold
Broker Report
Revenue/EBITDA/PAT exceeded our estimates by 8.4%/32.6%/110.3%; EBITDA margin surpassed our estimate by 440 bps
25 Apr 2025
Persistent Systems
BOB Capital Markets Ltd.
Target
6082.50
3703.00
5273.50
(15.34%)
39.12
Sell
Broker Report
Delivers industry leading growth in FY25 and in 4QFY25 and maintains its aspiration of US$2bn revenue by FY27 (20% CAGR)
25 Apr 2025
SBI Life Insurance
BOB Capital Markets Ltd.
Target
1843.00
2008.00
1695.10
(8.73%)
8.95
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
2263.10
2713.00
2332.20
(-2.96%)
19.88
Buy
Broker Report
4QFY25 sales were in line, but EBITDA 2% ahead of Bloomberg consensus