11 Feb 2025
Escorts Kubota
Anand Rathi
3510.60
3900.00
3129.70
(12.17%)
11.09
Buy
Broker Report
Escorts’ Q3 PBT (incl. discontinued operations) grew 7% y/y to Rs4.2bn, below ARe of Rs4.4bn mainly due to less-than-expected agri machinery margins.
11 Feb 2025
Escorts Kubota
BOB Capital Markets Ltd.
Target
3510.60
2533.00
3129.70
(12.17%)
27.85
Sell
Broker Report
Q3 tractors volume rose by 25% YoY (combined volume from JV partners) aided by industry growth, realisation fell 13%
11 Feb 2025
Escorts Kubota
Axis Direct
Target
3510.60
3420.00
3129.70
(12.17%)
Target met
Hold
Broker Report
We maintain our HOLD rating on the stock.
11 Feb 2025
Finolex Industries
IDBI Capital
Reco
Target
208.96
234.00
194.71
(7.32%)
11.98
Buy
11 Feb 2025
EPL
Motilal Oswal
Target
238.18
300.00
249.89
(-4.69%)
25.96
Buy
Broker Report
EPL reported an EBITDA of INR2b (+10%YoY) in 3QFY25, below estimates due to lower-than-expected performance of AMESA (down ~9.5% YoY) and EAP (~down 2.9% YoY), primarily driven by the slowdown in the Indian market and currency depreciation in Egypt, respectively.
10 Feb 2025
Finolex Industries
Prabhudas Lilladhar
Target
208.96
229.00
195.01
(7.15%)
9.59
Accumulate
10 Feb 2025
Finolex Industries
BOB Capital Markets Ltd.
Reco
Target
208.96
250.00
195.01
(7.15%)
19.64
Buy
Broker Report
Gained market share in pipe segment in a difficult environment by offering heavy discounts to its dealers
10 Feb 2025
HG Infra Engineering
IDBI Capital
Target
1137.90
1463.00
1234.85
(-7.85%)
28.57
Buy
10 Feb 2025
Mold-Tek Packaging
Axis Direct
Target
637.70
600.00
567.05
(12.46%)
Target met
Hold
Broker Report
We maintain our HOLD rating on the stock
10 Feb 2025
HG Infra Engineering
Axis Direct
Target
1137.90
1720.00
1234.85
(-7.85%)
51.16
Buy
Broker Report
We maintain our BUY recommendation on the stock.