PSP Projects: Q3FY25 Result Review
IDBI Capital
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
---|---|---|---|---|---|---|---|---|---|---|---|
10 Feb 2025 | PSP Projects |
IDBI Capital
|
669.80 | 661.00 | 622.40 (7.62%) | Target met |
Hold
|
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10 Feb 2025 | HG Infra Engineering |
IDBI Capital
|
1236.00 | 1463.00 | 1234.85 (0.09%) | 18.37 |
Buy
|
||||
10 Feb 2025 | HG Infra Engineering |
Axis Direct
|
1236.00 | 1720.00 | 1234.85 (0.09%) | 39.16 |
Buy
|
||||
10 Feb 2025 | Cummins |
ICICI Securities Limited
|
2994.10 | 2900.00 | 2890.40 (3.59%) | Target met |
Hold
|
Overwhelming revenue performance; limited incremental margin expansion levers
ICICI Securities Limited
Cummins reported a robust Q3 revenue print; margin remains off its peak levels seen in H2FY24 (though still robust). A sequential revenue jump of 24% was largely driven by the HHP segment of the domestic power gen business (74% contribution to incremental revenue QoQ).
|
|||
09 Feb 2025 | Astra Microwave |
ICICI Securities Limited
|
1085.05 | 935.00 | 732.45 (48.14%) | Target met |
Buy
|
||||
09 Feb 2025 | Dynamatic Tech |
ICICI Securities Limited
|
6938.00 | 9330.00 | 6865.75 (1.05%) | 34.48 |
Buy
|
Hydraulics division waters down performance
ICICI Securities Limited
Dynamatic Technologies’ (DTL) Q3FY25 performance was impacted by its hydraulics division. Aerospace division sustained its strong showing due to refined product mix and better inventory management.
|
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09 Feb 2025 | 3M |
ICICI Securities Limited
|
29640.00 | 33500.00 | 28167.25 (5.23%) | 13.02 |
Buy
|
Strong performance by Healthcare segment; INR depreciation hurts margins
ICICI Securities Limited
3M India’s EBITDA margin of 14.1% in Q3FY25 was at its lowest since the past nine quarters. We believe INR depreciation and higher freight cost impacted 3M’s margins.
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08 Feb 2025 | Cummins |
IDBI Capital
|
2994.10 | 4401.00 | 2890.40 (3.59%) | 46.99 |
Buy
|
||||
08 Feb 2025 | Bharat Dynamics |
ICICI Securities Limited
|
1823.90 | 1400.00 | 1200.40 (51.94%) | Target met |
Buy
|
||||
08 Feb 2025 | Mold-Tek Packaging |
IDBI Capital
|
564.90 | 709.00 | 552.05 (2.33%) | 25.51 |
Buy
|
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