Brokerage Research Reports share price target

Source: ICICI Direct Research, Note: ~5% of Index constitutes are yet to report earnings largely in the commodity space Extended lockdown, muted economic activity due to Covid led to a sharp downward revision in Nifty earnings, going forward. Given cautious management commentary, the demand recovery is expected to be gradual or U shaped in nature vs. earlier anticipation of V shaped recovery. Hence, our FY20E, FY21E, FY22E EPS estimates for Nifty are downward...

visa holders currently in the US, nor does it affect renewal or change of status of existing visa holders inside US. No changes in OPT (optional practical training program) applicable to STEM...

Rapid ageing, greater life expectancy, lack of exercise as well as altered lifestyles are driving the incidences of osteoarthritis among Indians. Knee replacement surgery in India has been growing in double digits over the years. It is expected to emerge as the fourth most common cause of physical disability in India in the next decade. Shalby is a market leader in the procedure of arthroplasty (source: F&S; Report). The company has ~15% market share of all joint replacement surgeries conducted by organised private corporate hospitals in India. It has performed more than one lakh...

Macro High Frequency Heat Map | Pickup from Abyss

Trade deficit In May came in at USD 3.1 billion - lowest since Feb'09.

In line with 36% decline in the total volumes, the topline fell by 35%. Volumes at the auto segment fell by 47% driven by 56% fall in the SUV segment. FES segment fell by just 2% as tractor demand was still intact in Q4. Margins surprised the street as they came in 70 bps higher yoy at 12.4% on the back of better product mix which was tilted towards high margin tractors, cost saving initiatives and RM tailwinds. According to management, last 7 days of March (due to COVID related lockdown) resulted in a volume loss of ~15,000 vehicles, out of which ~13,000 was on the tractors side. Despite this, the company increased its market share in tractors by 1% to ~40% and in LCVs by 3%. During the quarter, M&M; revisited their capital allocation program in which they...

Gujarat State Petronet's (GSPL operating revenue for Q4FY20 increased sharply by 37.2% YoY to | 595.2 crore on account of growth in transmission volumes. Transmission volumes increased 13.5% YoY to 36.8 mmscmd. EBITDA came in at | 355.7 crore, up 8% YoY. Subsequently, PAT was at...

The custom synthesis (CS) business (41% of FY20 revenues) is a margin accretive one but at times lumpy as it depends on offtake from customers (global top 20 big pharma). However, this business showed a good recovery on account of an improved business environment. Strong R&D; capabilities and India cost arbitrage along with IP adherence are some legacy strengths, which will drive incremental assignments from MNCs. We expect CS to grow...