IT companies firm Tech Mahindra is more likely to see muted income progress within the first quarter ended June 2024, impacted by seasonal weak spot. In response to road estimates, income for the reporting interval ought to decline 1.6 per cent year-on-year. In the meantime, sequential income progress is seen anyplace between 0.3-0.9 per cent. … Read more
Goal: ₹170 CMP: ₹216.95 In subsequent 3-4 years, we anticipate India’s fuel consumption to rise from 191mmscmd in FY24 to 218mmscmd. Whereas GAIL’s transmission would develop by 8 per cent c in FY24-26, buying and selling is predicted to develop a tad decrease (6 per cent). Petrochemical and LPG are anticipated to stay muted. India’s … Read more
Goal: ₹4,004 CMP: ₹3,777.05 We revise our FY25 EPS estimate down by 2.6 per cent factoring in execution of a decrease than anticipated order ebook and downgrade the score to ‘Accumulate’ from Purchase with a revised TP of ₹4,004 (₹3,345 earlier) given the sharp run up in inventory value. BEML reported blended quarterly efficiency with … Read more