Goal: ₹483 CMP: ₹709.90 JSW Power reported flat income of ₹2,900 crore in Q1, led by decrease gas prices, that are typically pass-through in nature. EBITDA grew a sturdy 16 per cent y-o-y to ₹1,400 crore, led by incremental contribution from Ind Barath plant (350MW), new natural renewable capacities and improved technology from hydro vegetation. … Read more
Goal: ₹610 CMP: ₹483.30 Eureka Forbes (EUREKAFO), in its first analyst meet submit the demerger, articulated its long-term development technique. It expects development to hinge on product innovation, premiumisation (higher aesthetics/ options), penetration (in all channels), discount in the price of product possession (entry value level of ₹6,499 versus ₹12,000 common value), annual upkeep companies … Read more
Fast-service restaurant (QSR) sector, which incorporates pizza and burger chains, remained underneath stress within the March quarter as a consequence of decrease dine-in footfalls amidst tepid demand developments, based on analysts. Nevertheless, trade gamers have expressed optimism about gradual restoration in FY25. As per a report launched by BNP Paribas, the QSR income progress for … Read more
Prior to now 4 months, by way of September 2023–January 2024, InterGlobe Aviation (IndiGo) misplaced home market share from the height of 63.4 per cent to 60.2 per cent, which mirrored the robust fleet addition by opponents at 26 slim physique plane (20 by Air India, three by Vistara and three by Akasa), versus 12 … Read more
Goal: ₹3,100 CMP: ₹2,884.50 Kaynes Know-how Q3 income surged 76 per cent y-o-y to ₹510 crore, 10 per cent larger than our estimates. Income was led by wholesome B2B demand and robust order backlog. Income from the industrials section spiked 217 per cent y-o-y to ₹270 crore on rising import substitution within the EV house. … Read more
Goal: ₹185 CMP: ₹167.25 Bharat Electronics (BHE) has acquired a number of order inflows aggregating ₹8,790 crore in Q3-FY24 thus far. Till FY24 YTD, cumulative order inflows stood at ₹23,170 crore vs steering of ₹20000 crore in FY24, 16 per cent forward of the goal. Contemplating the previous yr’s order inflows, we consider there was … Read more