Brokerage Research Reports share price target

Maintain reduce rating (TP- Rs 676) on CRIN due to capacity constraints in NPK and likely headwinds on the raw material side starting 4Q. We are positive on Urea companies due to healthy volumes, significantly lower outstanding subsidy burden leading to lower in interest cost & improvement in return ratios....

Q4FY21 Oil sector earnings are likely to be impacted by lower OMCs earnings, even though upstream and gas space will report healthy earnings. OMC results are also expected to get hit by lower marketing margins (no price changes given state elections) and appreciating exchange rate. The upstream earnings will benefit from higher crude prices. RIL's standalone earnings are likely to improve given higher petrochemicals profitability. Gas stocks are expected to report an improvement in QoQ level, as economic activities...

Things to monitor for Q4FY21E 1) Conversion of large deal pipeline, 2) Margin headwinds and 3) Annual budgeting exercise. will decline a bit in coming quarters on account of wage hike and bonuses, but will comfortably remain 100-150bps higher than pre-Covid levels in FY22. We expect TCS, INFY, Wipro to lead growth in Tier-1 and LTI, MTCL, LTTS in Tier-2. We expect Infy to guide 12-14% YoY CC revenue growth & 22-24% EBIT margin guidance for FY22E. Similarly, HCLT can give revenue guidance of 10-12% YoY CC and margin guidance of 20-21% for FY22E. We expect...

and ice cream has grown rapidly in 4Q 5) Skin creams, shampoos and detergents are reporting QoQ improvement while demand for sanitizers has flattened. 6) QSR players expected to report sales between 95-100% despite a strong Jan-Feb21 as recoveries slowed down in march21 due to increased restrictions on account of rising covid cases impacting dine in revenues. Britannia and HUL remain or top picks in the consumer staples space given long consolidation and underperformance from past 12 months. Kansai seems well placed in the paints segment given ~35% discount to APNT and...

VIP took price hike of ~6% from March 01 to counter inflationary pressures. Recently, we conducted some channel checks (interacted with few distributors and an MD of one unlisted company) in the luggage space to get a pulse of current demand trends. Our checks reveal 1) demand in 4QFY21 benefitted from gradual reopening of schools in Jan/Feb (augured well for backpack sales) coupled with shift in market share from unorganized to...

We maintain reduce rating (TP- Rs 676) on CRIN due to capacity constraints in NPK and likely headwinds on the raw material side starting 4Q. We are positive on Urea companies given healthy volumes and significantly lower...

Central Rs5/bag except central part w here (Rs/bag) prices remained unchanged. Prices in MP increased by Rs5/bag MoM. Region's...