Broker research reports for stocks which have been upgraded by brokers. Both recommendation upgrades,
as well as share price target upgrades are available .
Broker Research reports: latest Upgrades
for all stocks
Amber Enterprises (Amber) reported better-than-expected results driven by strong performance of the consumer durables and electronics segments. The company’s revenue/EBITDA jumped 82%/91% YoY for 2QFY25.
In Q2FY2025, revenue reached Rs. 3,424 crore, up 8% y-o-y, but down 1% q-o-q. Operating profit stood at Rs. 538 crore, reflecting a 14% y-o-y decrease and an 11% q-o-q decline.
Q2 numbers were strong with a profit of Rs. 21 crore (versus a loss in the same quarter last year), superseding our estimates of Rs. 9 crore. Revenues rose 82% y-o-y (above our estimates of 37%) led by Consumer Durables (94% growth y-o-y) and Electronics (95% y-o-y) segments.
De-growth in NII (lower margins) and less non-interest income (lower fees) led to 19% q/q decline in core operating profits for Karnataka Bank. Modest provisions supported profitability.
MCX’s Q2FY25 results exhibit three main trends: 1) consolidating on the new steady cost profile; 2) Healthy volumes across futures, options and premium conversions. 3) Growth in option participation.
In Q2FY25, Supreme Industries (SI) reported disappointing operational performance. Blended plastic volume was flat YoY with pipes volume being flat too YoY (-27.1% QoQ; 5-year CAGR of 8.6%).
