27 Apr 2025
DCB Bank
BOB Capital Markets Ltd.
Target
134.33
160.00
127.03
(5.75%)
19.11
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
909.85
641.00
625.65
(45.42%)
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
5176.50
3703.00
5273.50
(-1.84%)
28.47
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
1833.40
2008.00
1695.10
(8.16%)
9.52
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
2453.60
2713.00
2332.20
(5.21%)
10.57
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
1064.20
1354.00
1166.30
(-8.75%)
27.23
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
2198.60
1742.00
1965.90
(11.84%)
20.77
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
2223.70
2462.00
2413.50
(-7.86%)
Target met
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
4325.40
4500.00
3511.70
(23.17%)
Target met
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
1061.60
1325.00
1161.30
(-8.59%)
24.81
Buy
Broker Report
Tea market share losses to unorganised / regional players are limiting inflation pass-through. Margin recovery now reliant on deflation