Brokerage Research Reports share price target

M&M Q2 results: Net profit soars 785% YoY, beats estimate; sales rise 15% For the quarter ending Sept 2021, Net sales (including other operating income) of Mahindra & Mahindra has increased 14.80% to Rs 13,305.37 crore compared to quarter ended sept 2020. Sales of Automotive segment has gone up 24.55% to Rs 7,917.11 crore (accounting for 59.20% of total sales). Sales of Farm Equipment segment has gone up 1.40% to Rs 4,903.25 crore (accounting for 36.66% of total sales). Sales of Others segment rose 24.15% to Rs 553.07...

Divi's Laboratories Limited is engaged in manufacturing and selling of generic active pharmaceutical ingredients (APIs) and intermediates for in the United States, Asia, Europe, and internationally. Its manufacturing and research and development facilities are located in the State of Andhra...

We remain positive on company's performance in coming quarters on the back of rising oil prices trend, continued expansion in sales volume and new customer portfolio by expanding market share with entry into new electrical markets. Hence, we reiterate our BUY rating on the stock with a revised target price of Rs. 405 based on SOTP valuation. Topline grows but performance impacted by higher operating costs HPCL posted 60.4% YoY growth in Q2FY22 standalone revenue to Rs. 83,064cr, aided by higher volumes, increase in fuel prices and low excise duty this quarter (-5.2% YoY...

Healthy revenue recovery at 100% pre-Covid levels is well poised to capture market share in the growing ~| 2.5 trillion value fashion industry. The company enjoys strong moats that would provide an edge over increasing competition in tier III-IV regions. V-Mart follows a cluster based approach of adding stores within a radius of 50-100 km. This gives it better economies of scales, supply chain efficiencies...

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About the stock: Mahindra & Mahindra (M&M;) is a conglomerate with a presence in auto, IT, financial services, logistics, hospitality and real estate among others. At the standalone level it is India's largest tractor manufacturer (38.2% FY21 market...

EBITDA margin rose 640bps YoY to 16.2% aided by steady growth in gas prices leading to improved spreads, along with better prices and higher operational efficiencies in the petrochemicals business. As a result,...

Indian bank is a mid-sized bank in the public sector, with a loan book size of Rs. 3.9 lakh crore and deposit base of Rs. 5.5 lakh crore. Allahabad Bank was merged with Indian Bank on 1st April 2020 and...

Good traction in the rural market for farm activities and the pent up demand in infra segment, will lead to good growth in both farm cash and infra cash. Hence, we remain positive on the stock and recommend Accumulate rating with a revised target price of Rs. 229 based on SOTP....

The beat in MM's 2QFY22 performance was driven by better mix in the Auto business, cost-saving initiatives, and higher other income. Growth in Tractors is slowing, particularly on a high base of FY21. However, the Auto segment is expected to see strong momentum in both SUVs (led by new products and the easing of supply issues) and LCVs (cyclical recovery). We increase our FY22E/FY23E EPS estimate by 9%/8% to factor in stronger than expected XUV700 response as well as an improving LCV cycle. We...