Analyst Calls: NTPC, Escorts, Quess Corp, IndusInd Bank

INSUBCONTINENT EXCLUSIVE:
Good morning! The domestic stock market on Monday showed early signs of a possible breakout from its consolidation range
target price of Rs 388
KEC International (KEC) has demonstrated strong EPS growth of 32 per cent (FY15-19) on improving EBITDA margins; however, the Street has
capital levels, said Nomura
The firm expects revenue growth to be driven by the Railways and revival in global T-D over FY20-22
NTPC has underperformed the Nifty by 17 per cent over the last six months despite a 17 per cent adjusted profit growth in first half of
FY20, which is in-line with full year estimates and has partly recovered the underperformance in the first quarter of FY20, said ICICI
Securities
Although the government has not announced the list of companies or sectors which will be considered by the government to reduce stake in,
the overhang of the proposal has weighed in on shares of NTPC despite core business performance remaining strong, said ICICI Securities
half of FY20, said Reliance Securities
Further, favourable geographical mix, strong marketing and distribution strategy would aid Escorts to improve tractor volumes going forward,
said Reliance Securities
While the issuance of fresh shares to Thomas Cook shareholders may lead to near-term selling pressure, the brokerage expects steady
improvement in financials to support the stock over time
Quess continues to outperform TeamLease on most key parameters, yet trades at a large valuation discount, said IIFL
1793
growth, though lower than historical trend, will be built on superior mix while sustaining the NIM and high-fee profile
Despite concerns on exposure to stressed groups, it will deliver reasonable and sustainable earnings growth
The stock ended up 3.1 per cent at Rs 1486.95 on Friday.