Goal: ₹5,170 CMP: ₹4,769.20 Hindustan Aeronautics’ (HAL) efficiency missed road’s estimates primarily on the again of weak execution. Key factors: EBITDA rose 13 per cent YoY to ₹990 crore (highest-ever for Q1); EBITDA margin was at a wholesome stage of twenty-two.8 per cent; An revenue tax refund of ₹440 crore resulted in PAT progress of … Read more
Centrum Broking Goal: ₹1,875 CMP: ₹1,768.45 Havells India’s gross sales progress was wholesome at 20 per cent y-o-y to ₹5,800 crore, 3 per cent above our estimate, largely pushed by Lloyd (+47 per cent y-o-y) and ECD (+20 per cent y-o-y led by followers and air-coolers) amid sturdy summer time season. Gross margin rose 150 … Read more
Goal: ₹1,948 CMP: ₹1,664.85 Muthoot Finance is in a candy spot, given sturdy development prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by confirmed moats of management and better productiveness (AUM per department at ₹14.50 crore vs ₹8 crore for IIFL Finance and a mere ₹5.6 crore for MGFL), steady-state department and … Read more
Goal: ₹205 CMP: ₹164.10 At its analyst/investor meet, MGFL’s senior administration crew showcased the corporate’s capabilities in its non-gold enterprise together with MFI, automobile finance, residence finance and MSME & allied merchandise. Past its view/outlook on the gold enterprise, MGFL introduced a drill-down on every of its non-gold companies, together with a peek into its … Read more