BSE Sensex share price target and research reports

Name: Latest research reports of BSE Sensex authored by Motilal Oswal and published by - Trendlyne research reports.
Item: BSE Sensex
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for BSESENSEX, BSE:1001 BSE Sensex

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BSE Sensex

07 May 2019

75157.26

1.77%

Buyback and dividend make for 18 % yield

BSE Sensex

Motilal Oswal

7 May 2019 FY19 operating revenue declined 9% YoY with EBITDA margin crashing to 5.3% (from 23% in FY18), given the operating leverage in the business. PAT before share of profits from CDSL, declined 24% to INR1.65b. 4QFY19 operating revenues (excluding treasury income), was down 19% YoY to INR1.13b (but better than our est. However, operating EBITDA came in at -INR5m (lower v/s our est. of INR62m), mainly on account of higher other expenses at INR500m (v/s our est. PAT was 16.6% lower YoY at INR519m, but a 25% beat to our estimate, on account of higher income from other sources (MF platform, income from investment and deposits). amounting to INR4.6b ~25% of the companys unencumbered cash and ~14% of market cap.

BSE Sensex is trading above its 30 day SMA of 75137.5

Is BSE Sensex worth buying?

545 Votes:

Buy 62.39%

Sell 21.47%

Hold 16.15%