07 Nov 2024
Aavas Financiers
Motilal Oswal
Target
1843.40
1880.00
1705.90
(8.06%)
Target met
Neutral
Broker Report
AAVAS Financiers (AAVAS)’s 2QFY25 PAT grew 22% YoY to ~INR1.48b (in line). 1HFY25 PAT grew 18% YoY to ~INR2.74b.
07 Nov 2024
Alembic Pharma
Motilal Oswal
Target
1018.05
1110.00
1079.90
(-5.73%)
Target met
Neutral
Broker Report
Alembic Pharma’s (ALPM) 2QFY25 results came in below our estimates due to the deterioration in API business and higher operational costs.
07 Nov 2024
Clean Science
Motilal Oswal
Target
1549.20
1430.00
1483.60
(4.42%)
Target met
Neutral
Broker Report
Clean Science (CLEAN)’s reported EBITDA in 2QFY25 was below our estimate at INR897m (+20% YoY), with a gross margin of 62.4% (vs. 65.9% in 2QFY24).
07 Nov 2024
Gujarat State
Motilal Oswal
Target
328.80
415.00
390.40
(-15.78%)
26.22
Neutral
Broker Report
Gujarat State Petronet (GUJS)’s 2QFY25 EBITDA was 18% below our estimate at INR1.9b, as total volumes came in 13% lower than our estimate.
07 Nov 2024
Tata Steel
Motilal Oswal
Target
161.02
160.00
150.95
(6.67%)
Target met
Neutral
Broker Report
2QFY25 revenue stood at INR324b (-5% YoY/-2% QoQ), in line with our estimate of INR326. The QoQ decline was due to weak realization.
07 Nov 2024
Amara Raja Energy
Anand Rathi
Reco
Target
1030.75
1490.00
1311.25
(-21.39%)
44.55
Hold
Broker Report
Belieing our Rs5bn estimate, Amara Raja’s Q2 standalone EBITDA grew 14% y/y to Rs4.4bn due to the lower-than-expected gross margin.
07 Nov 2024
CCL Products
IDBI Capital
Target
884.15
734.00
691.70
(27.82%)
Target met
Hold
07 Nov 2024
Jindal Steel & Power
IDBI Capital
Target
948.90
922.00
928.05
(2.25%)
Target met
Hold
07 Nov 2024
Sonata Software
IDBI Capital
Reco
Target
409.05
701.00
619.85
(-34.01%)
71.37
Hold
07 Nov 2024
Page Industries
Anand Rathi
46380.00
48947.00
45064.10
(2.92%)
Target met
Hold
Broker Report
Page’s Q2 figures exceeded our estimates and consensus. The q/q better demand was aided by festivals at quarter-end, and a gradual rural recovery.