Buy

At the operational level, EBITDA increased 17.1% YoY to Rs. 1,512cr, driven by renewable capacity additions and contribution from KSK Mahanadi Power Ltd. EBITDA margin expanded 50bps YoY to 47.4%....

PNB's standalone interest income grew 13.8% YoY to Rs. 31,989cr in Q4FY25, driven by a rise in interest earned from loans (+10.5% YoY), income from investments (+15.1% YoY), and bank funds (+45.3% YoY). Interest expenses, on the other hand, jumped 19.6% YoY to Rs. 21,232cr, due to higher deposit costs. Thus,...

Strategic Shift Underpins Long-Term Compounding Story

The strategic review and potential sale by BP Plc of its lubricant arm, Castrol Ltd, marks a major global corporate development in the otherwise quiet lubricant sector.

Indian Bank has been one of the best performing PSBs for several years now. Our recent interaction with its new MD and CEO Binod Kumar reconfirms the company’s unwavering focus on profitability over growth.

For Q4FY2025, Finolex reported lower-than-estimated performance on the revenue front. Revenue grew by 13.8% y-o-y to Rs. 1,595 crore.

We attended CEAT’s annual analyst meeting. The management retained its mid-single-digit replacement growth guidance. Rural is outpacing urban (key for CEAT’s 2Ws/farm segment) on a favorable monsoon outlook; it is eyeing share gains in PV OEMs amid rising salience of higher-rim size tyres.

Cochin Shipyard Limited (CSL), incorporated in 1972, is a prominent player in the construction, repair, and refitting of various types of vessels. This includes periodic upgrades and life extension for ships. CSL has successfully built and repaired some of the largest ships for its esteemed customers...

We maintain our BUY rating on the stock and value it at 20x FY27E EPS with a TP of Rs 1,030/share, implying an upside of 18% from the CMP.

We recommend a BUY on the stock with a target price of Rs 520, implying a 10% upside from the current market price.