03 Feb 2025
Divi's Laboratories
BOB Capital Markets Ltd.
Reco
Target
6636.00
6050.00
5884.10
(12.78%)
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
276.22
500.00
562.80
(-50.92%)
Target met
Sell
Broker Report
Dismal Q3 on weak performance of laminates segment and slow ramp-up of plywood segment
01 Feb 2025
Sun Pharmaceutical
BOB Capital Markets Ltd.
Reco
Target
1666.40
2086.00
1742.20
(-4.35%)
25.18
Buy
Broker Report
Domestic sales grew by 14% in Q3FY25 driven partially by volume/new launches and price hikes. Strong domestic sales growth to continue
01 Feb 2025
IndusInd Bank
BOB Capital Markets Ltd.
Target
805.15
1190.00
1009.40
(-20.23%)
47.80
Buy
Broker Report
Subdued quarter with moderate growth in advances and deposits, MFI book under stress
01 Feb 2025
Marico
BOB Capital Markets Ltd.
719.30
695.00
694.20
(3.62%)
Target met
Hold
Broker Report
Compared to consensus, 3QFY25 sales were 2% lower (1% below our estimate) while EBITDA was 1%
01 Feb 2025
Bandhan Bank
BOB Capital Markets Ltd.
Target
169.21
187.00
151.39
(11.77%)
10.51
Buy
Broker Report
PPOP aided by one-offs in other income, payouts under CGFMU and Assam Microfinance relief scheme
01 Feb 2025
Nestle
BOB Capital Markets Ltd.
Target
2419.00
2470.00
2327.20
(3.94%)
Target met
Hold
Broker Report
NEST continues to manage profits amidst inflation in cocoa and coffee. Wheat and palm have also turned inflationary
31 Jan 2025
eClerx Services
BOB Capital Markets Ltd.
3363.00
3727.00
3058.15
(9.97%)
10.82
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
1257.80
1400.00
1260.85
(-0.24%)
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
2589.40
2288.00
2694.45
(-3.90%)
11.64
Sell
Broker Report
AJP reported in-line earnings, sales were 3.6% below estimates, while EBITDA/PAT reported 1%/3% above our estimates