INSUBCONTINENT EXCLUSIVE:
Good morning!
The domestic stock market on Monday showed early signs of a possible breakout from its consolidation range
Steelwith a target price of Rs 450
While steel margins are likely to improve in the near term, the impact of carbon costs would keep Tata Steel Europe margins under check,
Successful completion of the announced Tata Steel Europe business restructuring and the turnaround of the acquired Bhushan assets hold the
key to achieve the guided $1 billion net debt reduction in FY21, said Motilal Oswal
Agrovet and revised fair value to Rs 470 from Rs 450 earlier
recovered from a blip, said Kotak
Godrej Agrovet's valuations remain expensive at 34 times on FY21 EPS estimate, which is predicated on a normal environment across business
segments, said Kotak Institutional
price to Rs 16,850 from Rs 15,810
gross margins and lower operating expenditure
Abbott India has a strong balance sheet with ROE of 27 per cent despite cash of Rs 793/share and this lends a defensive characteristic to
but cut its target price from Rs 227 to Rs 218 citing margin miss on high staff costs and lower operating leverage in December quarter
The brokerage has also cut its earnings estimate by 3-4 per cent over FY19-22 on lower revenue assumptions
JYL standalone gross margin expanded by 230 bps YoY led by benign input costs
However, higher staff costs and operating deleverage impacted the EBITDA margin which is down by 50bps YoY
Staff costs were up 13 per cent YoY on account of higher sales force strength
with an increased target price of Rs 607 citing better than expected results for the December 2019 quarter on back of robust execution in
PSP has secured orders worth Rs 1,550 crore during nine months ended December 2019 and is well place to surpass Rs 1,500 crore guidance
The company current has an order book pipeline of Rs 1000 crore for 4QFY20
Shares of PSP Project closed at Rs 511 on Friday.