07 Feb 2025
State Bank
BOB Capital Markets Ltd.
Target
797.45
972.00
737.20
(8.17%)
21.89
Buy
Broker Report
PAT declined sequentially with lower NII and other income, RoA of 1.09% in 9MFY25
07 Feb 2025
ITC
BOB Capital Markets Ltd.
Target
427.25
551.00
430.85
(-0.84%)
28.96
Buy
Broker Report
Sales were 3% higher vs consensus likely reflecting strong cigarette volumes. EBITDA was 5% below expectations due to inflation
07 Feb 2025
Star Cement
BOB Capital Markets Ltd.
222.86
248.00
212.59
(4.83%)
11.28
Buy
Broker Report
Revenues rose ~10%/12% YoY/QoQ in Q3FY25 backed by volume gains though realisations stayed flat
06 Feb 2025
Somany Ceramics
BOB Capital Markets Ltd.
Target
440.30
650.00
505.35
(-12.87%)
47.63
Buy
Broker Report
Operating profit broadly in line in Q3; SOMC EBITDA margin was relatively stable in Q3 due to high GVT sales and Max plant ramp-up
06 Feb 2025
Greenpanel Industries
BOB Capital Markets Ltd.
Target
234.73
360.00
376.50
(-37.65%)
Target met
Hold
Broker Report
Sharp contraction in GREENP EBITDA (-71% YoY) for ninth straight quarter on supply overhang in MDF industry and high timber prices
05 Feb 2025
Zydus Wellness
BOB Capital Markets Ltd.
Target
1762.70
1987.00
1798.90
(-2.01%)
12.72
Hold
Broker Report
Q3FY25 sales came in 2% above consensus while EBITDA was 2% lower due to 15bps lower-than-expected margins
05 Feb 2025
Eris Lifesciences
BOB Capital Markets Ltd.
Target
1383.00
1418.00
1390.20
(-0.52%)
Target met
Buy
Broker Report
Base domestic growth at 12% vs IMP growth of 8% due to new product launches and price increase
04 Feb 2025
Kajaria Ceramics
BOB Capital Markets Ltd.
Reco
Target
812.35
1130.00
959.85
(-15.37%)
39.10
Buy
Broker Report
Weak Q3 on sharp margin contraction due to weak demand in the retail market and high overhead costs of new bathware unit
03 Feb 2025
Divi's Laboratories
BOB Capital Markets Ltd.
Reco
Target
5640.00
6050.00
5884.10
(-4.15%)
Target met
Hold
Broker Report
Q3 sales/EBITDA/PAT were 0.6%/7.5%/22.3% above our estimates. PAT was higher than estimated due to the adoption of the new tax regime
03 Feb 2025
Greenlam Industries
BOB Capital Markets Ltd.
Reco
Target
225.45
500.00
562.80
(-59.94%)
Target met
Sell
Broker Report
Dismal Q3 on weak performance of laminates segment and slow ramp-up of plywood segment