13 Feb 2025
Ashok Leyland
BOB Capital Markets Ltd.
Target
244.61
274.00
217.07
(12.69%)
12.02
Buy
Broker Report
Q3FY25 revenue grew 2%/8% YoY/QoQ to Rs 94.76bn, helped by realisation gains of 4%/6% YoY/QoQ while volume was listless
13 Feb 2025
Lupin
BOB Capital Markets Ltd.
Target
1996.00
2626.00
2055.25
(-2.88%)
31.56
Buy
Broker Report
US sales cc quarterly run rate at its highest-ever level of US$ 235mn, expect to inch up to US$ 250mn in FY26E and US$ 280mn in FY27E
12 Feb 2025
Birlasoft
BOB Capital Markets Ltd.
424.00
466.00
502.65
(-15.65%)
Target met
Sell
Broker Report
3QFY25 performance impacted by higher-than-expected furloughs and decline in ERP Biz. Revenue declined by 1.1% QoQ in CC terms
12 Feb 2025
Alembic Pharma
BOB Capital Markets Ltd.
Target
961.95
1032.00
845.15
(13.82%)
Target met
Buy
Broker Report
US and ROW sales grew above our estimates of 5% and 13% respectively, reporting growth of 10% each
11 Feb 2025
Century Plyboards
BOB Capital Markets Ltd.
Target
746.50
800.00
803.55
(-7.10%)
Target met
Hold
Broker Report
CPBI beats our estimate on strong plywood sales volume and sharp sequential improvement in MDF margin
11 Feb 2025
VST Tillers Tractors
BOB Capital Markets Ltd.
Target
3759.70
3267.00
3835.75
(-1.98%)
Target met
Sell
Broker Report
Q3 revenue grew 29% YoY (-23% MoM) to ~Rs 2.2bn, driven by volume gain of ~34%, dragged by 4% lower realisations of Rs 0.27mn (YoY)
11 Feb 2025
Eicher Motors
BOB Capital Markets Ltd.
Target
5409.00
5079.00
4972.35
(8.78%)
Target met
Hold
Broker Report
Q3 revenue increased ~21%/17% YoY/QoQ to Rs 42.1bn, driven by a mix of volume and realisation gain in the motorcycle segment
11 Feb 2025
Escorts Kubota
BOB Capital Markets Ltd.
Target
3514.40
2533.00
3129.70
(12.29%)
27.93
Sell
Broker Report
Q3 tractors volume rose by 25% YoY (combined volume from JV partners) aided by industry growth, realisation fell 13%
10 Feb 2025
Finolex Industries
BOB Capital Markets Ltd.
Reco
Target
189.98
250.00
195.01
(-2.58%)
31.59
Buy
Broker Report
Gained market share in pipe segment in a difficult environment by offering heavy discounts to its dealers
09 Feb 2025
JK Lakshmi Cement
BOB Capital Markets Ltd.
Target
852.70
694.00
843.60
(1.08%)
Target met
Sell
Broker Report
Double-digit revenue decline YoY by 13% dragged by lower volume growth, down 5%, and weak realisations that fell by 10%