11 Feb 2025
Escorts Kubota
Anand Rathi
3373.00
3900.00
3129.70
(7.77%)
15.62
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
VST Tillers Tractors
BOB Capital Markets Ltd.
Target
3802.60
3267.00
3835.75
(-0.86%)
Target met
Sell
Broker Report
Q3 revenue grew 29% YoY (-23% MoM) to ~Rs 2.2bn, driven by volume gain of ~34%, dragged by 4% lower realisations of Rs 0.27mn (YoY)
11 Feb 2025
Escorts Kubota
BOB Capital Markets Ltd.
Target
3373.00
2533.00
3129.70
(7.77%)
24.90
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
3373.00
3420.00
3129.70
(7.77%)
Target met
Hold
Broker Report
We maintain our HOLD rating on the stock.
10 Feb 2025
PSP Projects
IDBI Capital
Target
637.50
661.00
622.40
(2.43%)
Target met
Hold
10 Feb 2025
Cummins
ICICI Securities Limited
Reco
Target
2976.10
2900.00
2890.40
(2.96%)
Target met
Hold
Broker Report
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).
10 Feb 2025
Mold-Tek Packaging
Axis Direct
Target
640.25
600.00
567.05
(12.91%)
Target met
Hold
Broker Report
We maintain our HOLD rating on the stock
10 Feb 2025
Maharashtra Seamless
Ventura
702.30
740.00
620.35
(13.21%)
Target met
Buy
Broker Report
Update Note
10 Feb 2025
HG Infra Engineering
Axis Direct
Target
1109.80
1720.00
1234.85
(-10.13%)
54.98
Buy
Broker Report
We maintain our BUY recommendation on the stock.
10 Feb 2025
Finolex Industries
Prabhudas Lilladhar
Target
222.04
229.00
195.01
(13.86%)
Target met
Accumulate