Geojit BNP Paribas Broker Research reports

The company unveiled its R&D product NRC-2694 for metastatic head and neck cancer, which is currently in phase 2. The management expects to gain more clarity after a year and a half. The company currently is doing patient recruitment...

V-Guard Industries Ltd (VGRD) is one of the leading players in the electrical consumer durables space. Major product segments include Stabilizers, Cables & Wires, UPS, Pumps and Electrical Appliances. In Q4FY25, revenue grew 15% YoY, exceeding estimates, driven by strong growth in Electronics (+26% YoY), Electricals (+15% YoY), and the Consumer division (+12% YoY). However, the Sunflames' business declined by 24% YoY. EBITDA grew by 12% YoY, while EBITDA margins declined by 22bps YoY to 9.3% despite a 120bps YoY improvement in gross margins, largely due to higher...

The sector outlook is expected to remain positive due to industrialisation, urbanisation and e-mobility adoption in the economy along with increased capacity requirements for non-fossil fuel capacity, additional demand for electricity and energy storage requirements. It has a strong pipeline of work across segments and has won good new projects, which is expected to drive growth in the long term. It has a well-planned capex outlook for the next three years and a strong business outlook, especially in the transmission business, up to 2032. However,...

As of May 2025, Suzlon has a strong order book of over 5.5 GW. Keeping inline with the strong guidance by the management, we forecast Suzlon's WTG deliveries to grow at 41% CAGR in FY25-27E period, prompting us to upgrade FY27E revenue estimates. We upgrade our FY27E EBITDA estimates on account of higher contributions coupled with improving profitability in the WTG segment. Despite execution risks, Suzlon's earnings are...

In FY25, NTPC's coal production saw a significant 31.4% growth to 46 million metric tonne (MMT) from 35 MMT in FY24. NTPC's financial performance was robust. The company has positioned itself well to meet the evolving energy needs of the nation. Its strategic focus on expanding its renewable portfolio, enhancing operational efficiency and driving technological innovation is expected to drive growth and improve its market reputation and growth prospects. The company is expanding its footprint through international...

consideration of Rs.1,828cr (1.33x of investment). We expect this disinvestment and objective to diversify to other infra segments will augur well for the growth prospects. Ample opportunities in both road and non-road projects (Rs.90,000cr) with a strong balance sheet will aid in rerating. We therefore maintain a BUY rating with a target price of Rs 386, based on a P/E of 14x FY27 EPS and HAM assets at 0.5x P/B....

Delhivery's consolidated revenue saw a 5.6% YoY increase, reaching Rs. 2,192cr in Q4FY25, owing to increasing the Part Truckload (PTL) volumes. Indian operations contributed Rs. 2,191cr (+5.6% YoY). International revenue,...

In FY25, the company's order book declined by ~40% YoY to Rs 10,527cr due to a muted order wins for the last two years. The management expects a traction in new orders from the roads and non-road segments from Q2FY26 onwards and is...

Validation activities have begun in Phase 2, Genome Valley, in this quarter. Also, the company continues to invest in research and development efforts aimed at building a pipeline of high-value molecules, with a focus on backward integration, especially in the oncology and CNS segment. The company has filed its first oncology molecule in this quarter....