Brokerage Research Reports share price target

Our channel check suggests, average cement prices at an all India level is down 3% MoM in July-2020. Cement prices has taken a breather after sharp increase in the last two months. Recall, in May-20/June-20 cement price has increased by 6%/1% MoM. But despite the July-20 month weakness, average all India cement prices is up 4% MoM as on July-20 vs exit price of March-20. Cement industry production decreased by 22% YoY for May 2020 (latest data available). Led by pent up demand, cement companies has seen sharp increase in the utilization in May-20 vs April-20. But, given the monsoon, we expect the demand to decline YoY basis...

Will Common Carrier Norms Hurt the CGD Ecosystem? PNGRB has come up with common carrier regulations for CGD companies to increase gas penetration by creating a level playing field for new domestic gas CGD companies, and encourage competition to protect consumer interests.

Nocil Ltd reported a topline de-growth of ~12% YoY to `2127mn on the back of drop in its realisations in the quarter. Company recorded highest volume growth in last 8 quarters; while on sequential basis it recorded 11% growth in its sales volumes. In FY20, topline de-grew to `8463mn from `10429mn primarily on the back of lower realisations...

Indian bank is a mid-sized bank in the public sector, with a pre-merger loan book size of ~Rs.2,06,000cr and deposit base of ~Rs.2,60,000cr. Allahabad Bank was merged with Indian Bank on 1st April 2020 and operates through a network of 6062 branches....

Q1FY21 Oil sector earnings are likely to be impacted by weak results from all companies due to volume hit from lockdown, except for the OMCs. The OMCs will benefit from inventory gains given ~USD20/bbl crude price rally from March lows,...

We expect commodity price and economy revival post lockdown to pick up along with the withdrawal of claim by DoT. Given current upside potential, we upgrade our rating to BUY on the stock with a revised target price of Rs. 119 based on SOTP valuation. Weak pricing and lockdown impacted the topline In 4QFY20, GAIL reported standalone revenue of Rs. 17,755cr (-5.4% YoY) due to weak oil & gas pricing and nationwide lockdown amidst COVID-19. Natural Gas marketing segments fell 4.6% YoY on account of drop in international oil prices and closures of...

investors to wait for a better entry point. Q1FY21E is a washout quarter that captures full impact of uncertainty in business from COVID-19 led by lockdown, supply side compression & demand pullback. We expect retail, travel & transport, hospitality and oil & Gas verticals to be severely impacted and do not expect recovery in Q2 also. We expect revenue trajectory to show resilience in Q2FY21 before starting growth (

investors to wait for a better entry point. Q1FY21E is a washout quarter that captures full impact of uncertainty in business from COVID-19 led by lockdown, supply side compression & demand pullback. We expect retail, travel & transport, hospitality and oil & Gas verticals to be severely impacted and do not expect recovery in Q2 also. We expect revenue trajectory to show resilience in Q2FY21 before starting growth (