10 Aug 2024
Gujarat State
BOB Capital Markets Ltd.
Target
338.65
370.00
327.35
(3.45%)
Target met
Hold
Broker Report
Q1 EBITDA was in line with consensus. Factoring in beat to our Q1 estimate and gas consumption pick up, we raise our FY25-26 estimates
09 Aug 2024
Eicher Motors
BOB Capital Markets Ltd.
Target
5400.00
4724.00
4830.60
(11.79%)
Target met
Hold
Broker Report
Q1 revenue increased ~9% YoY to Rs 42.3bn, driven by realisation gains of 9.3% YoY to Rs 187.2k per motorcycle
09 Aug 2024
PVR INOX
Geojit BNP Paribas
Reco
972.80
1709.00
1501.20
(-35.20%)
Target met
Accumulate
09 Aug 2024
Nuvoco Vistas
Geojit BNP Paribas
Target
359.55
361.00
334.05
(7.63%)
Target met
Hold
09 Aug 2024
Nestle
Geojit BNP Paribas
2414.40
2680.00
2504.70
(-3.61%)
Target met
Hold
09 Aug 2024
Exide Industries
Geojit BNP Paribas
Target
382.15
534.00
493.20
(-22.52%)
Target met
Hold
09 Aug 2024
ACC
Geojit BNP Paribas
Target
1959.40
2674.00
2351.55
(-16.68%)
36.47
Accumulate
09 Aug 2024
Shree Cements
KRChoksey
Reco
Target
31495.00
26083.00
24296.60
(29.63%)
Target met
Accumulate
Broker Report
Shree Cement’s Q1FY25 result missed our projections despite revenue in line with our estimates. Despite falling cement prices, revenue increased 1.8% YoY (-5.1% QoQ) to INR 51,240 Mn led by strong volume growth.
09 Aug 2024
Bata
Axis Direct
Target
1275.70
1380.00
1443.00
(-11.59%)
Target met
Hold
Broker Report
With a 5% downside potential from the CMP, we maintain our HOLD rating on the stock.
09 Aug 2024
Gujarat Gas
Prabhudas Lilladhar
Target
462.05
666.00
610.70
(-24.34%)
Target met
Accumulate