23204.35 5.40 (0.02%)

29.89% Gain from 52W Low

44,768 NSE+BSE Volume

NSE Nov 25, 2022 03:31 PM



Shree Cements Ltd.    
18 Oct 2022
23204.35
0.02%
KRChoksey
In Q2FY23, Shree Cement’s revenue grew 19.7% YoY to INR 40,380 mn, beating our estimate of INR 38,012 mn. However, on sequential basis revenue declined by 8.5% QoQ.
Shree Cements Ltd. is trading above all available SMAs
Shree Cements Ltd.    
17 Oct 2022
23204.35
0.02%
Shree Cements Ltd. has an average target of 23541.18 from 12 brokers.
Shree Cements Ltd.    
17 Oct 2022
23204.35
0.02%
ICICI Securities Limited
Shree Cement’s (SRCM) Q2FY23 standalone EBITDA at Rs5.2bn (down 42% YoY) was below our / consensus estimates.
Shree Cements Ltd. has an average target of 23541.18 from 12 brokers.
Shree Cements Ltd.    
17 Oct 2022
23204.35
0.02%
buy
Shree Cements Ltd. has an average target of 23541.18 from 12 brokers.
Shree Cements Ltd.    
17 Oct 2022
23204.35
0.02%
buy
Axis Direct
We maintain our HOLD rating on the stock and value the company at 17x of its FY24E EV/EBITDA to arrive at a TP of Rs 22,465 ( Rs18,640/share earlier), implying an upside of 6% from the CMP.
Shree Cements Ltd. is trading above all available SMAs
Shree Cements Ltd.    
15 Oct 2022
23204.35
0.02%
HDFC Securities
Federal Bank: Federal Bank's (FB) Q2FY23 earnings beat estimates on the back of strong loan growth (+20% YoY), better margins (+8bps QoQ) and higher other income, resulting in healthy PPOP accretion (+33% YoY). Asset quality improved QoQ, supported by moderate slippages; however, credit costs were higher (53bps annualised) as FB shored up its loan loss buffers. FB continues to smartly build and leverage its FinTech ecosystem partnerships and appears on track to drive further business productivity steadily on both sides of the balance sheet. We marginally tweak our FY23E/FY24E earnings estimates to factor in higher cost of funds, offset by marginally lower provisions. With improving line of sight for a sustainable 15% RoE, we believe that FB is finally inching closer to its potential; maintain BUY, with a revised TP of INR174 (1.6x Sep-24 ABVPS). Bajaj Auto: BAL's Q2 earnings were ahead of estimates, led by better-than-expected margin (17.2% vs estimate of 15.5%), and was driven by improved mix within exports, favorable currency, and lower staff costs. Domestic 2W demand has failed to revive in H1 and the outlook for H2 remains weak, given the erratic rainfall which has hurt rural sentiment. Also, while inventory destocking with distributors in key export markets is now over, demand from Africa is likely to remain tepid, given: 1) sharp devaluation of Naira relative to USD; 2) lack of adequate availability of USD in some markets; 3) government's proposal of putting a blanket ban on motorcycles in Nigeria. While reducing input costs and favorable currency would provide margin tailwinds in...
Shree Cements Ltd. is trading above all available SMAs
Shree Cements Ltd.    
15 Oct 2022
23204.35
0.02%
Shree Cements Ltd. has an average target of 23541.18 from 12 brokers.
Shree Cements Ltd.    
04 Aug 2022
23204.35
0.02%
buy
Shree Cements Ltd. has an average target of 23541.18 from 12 brokers.
Shree Cements Ltd.    
29 Jul 2022
23204.35
0.02%
HDFC Securities
Nippon Life India Asset Management: Revenue was 3.8% below estimates as a result of pressure on revenue yields. Falling market share in the high-margin equity segment, at 6.2% (-17bps), was a double whammy in a falling equity yield environment. We expect NAM to focus on improving performance to recoup its lost market share. Additionally, we expect NAM to benefit from higher credibility to raise HNI/institutional capital. We lower our FY23E/24E earnings by 11%/ 5% to factor in lower margins and expect NAM to deliver FY22-24E revenue/NOPLAT CAGR of 9.3/12.1%. We maintain ADD on the stock with a reduced target price of INR365 (with a lower multiple at 27x Mar-24E EV/NOPLAT, following a derating in the AMC sector even as we roll forward our earnings). TTK Prestige: TTK Prestige's Q1FY23 revenue and EBITDA margin was a miss. Standalone revenue was up 68% YoY (HSIE 77%), clocking 11% three-year CAGR. The revenue growth was primarily led by strong performance in cookware, which was up 18% three-year CAGR. Gross margin contracted 257bps YoY to 42% (HSIE 41.5%). With carrying high cost inventory, we expect RM softening benefits will be majorly visible from Q3FY22. EBITDA margin came in at 13.8% (HSIE 15%). EBITDA was up 13% on three-year CAGR to INR 830mn (HSIE INR 951mn). Although home improvement and new housing theme is expected to sustain, we believe rising competition (renewed Butterfly under Crompton, etc.) will continue to keep earnings for TTK in check. As the earnings upcycle seems to be over, we cut our target multiple to 35x (37x...
Shree Cements Ltd. has an average target of 23541.18 from 12 brokers.