31 Jan 2025
eClerx Services
BOB Capital Markets Ltd.
3784.10
3727.00
3058.15
(23.74%)
Target met
Buy
Broker Report
3QFY25 broadly in line. A margin miss. Expect 4Q QoQ growth to be stronger. Expect low teen USD revenue growth in FY25-FY27.
31 Jan 2025
Voltas
BOB Capital Markets Ltd.
Target
1336.00
1400.00
1260.85
(5.96%)
Target met
Hold
Broker Report
Topline grew 18% YoY in Q3; EBITDA margin expanded 530bps YoY fueled by better cost efficiencies
31 Jan 2025
Ajanta Pharma
BOB Capital Markets Ltd.
Target
2800.50
2288.00
2694.45
(3.94%)
18.30
Sell
Broker Report
AJP reported in-line earnings, sales were 3.6% below estimates, while EBITDA/PAT reported 1%/3% above our estimates
31 Jan 2025
Dabur
BOB Capital Markets Ltd.
Reco
Target
522.00
578.00
529.85
(-1.48%)
10.73
Hold
Broker Report
Competitive intensity has increased in the domestic business and Dabur is doing retailer discounts to maintain market share
31 Jan 2025
Tata Consumer
BOB Capital Markets Ltd.
Target
1073.10
1175.00
1024.65
(4.73%)
Target met
Buy
Broker Report
Tea inflation recovery prospects have improved as higher pricing has come through earlier than expected
27 Jan 2025
IDFC First Bank
BOB Capital Markets Ltd.
Target
69.24
75.00
56.73
(22.05%)
Target met
Buy
Broker Report
Earnings lower on account of higher slippages, moderate loan book growth
27 Jan 2025
ICICI Bank
BOB Capital Markets Ltd.
Reco
Target
1482.40
1415.00
1227.95
(20.72%)
Target met
Buy
Broker Report
PAT growth of 15% YoY aided by stable credit cost and PPOP growth of 15% YoY
27 Jan 2025
Laurus Labs
BOB Capital Markets Ltd.
Target
881.45
488.00
534.65
(64.86%)
44.64
Sell
Broker Report
Revenue/EBITDA/PAT exceeded our estimates by 10.5%/46.6%/227%. EBITDA margin surpassed our estimate by 500bps
27 Jan 2025
DCB Bank
BOB Capital Markets Ltd.
Target
141.94
140.00
117.79
(20.50%)
Target met
Buy
Broker Report
Robust business growth with strong advances growth above our estimates
25 Jan 2025
MphasiS
BOB Capital Markets Ltd.
Reco
Target
2806.60
2651.00
3009.30
(-6.74%)
Target met
Sell
Broker Report
3QFY25 has yet again proven the volatility in Mphasis's business compared to its Tier-2 peers like Persistent & Coforge