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2021-11-10 06:33:02 Open / Comment

2021-11-10 06:33:02 Open / Comment

2021-11-10 06:02:02 Stocks in News


FSN E-Commerce Ventures (Nykaa): The company will make its debut on the BSE and the NSE on November 10. The issue price has been fixed at Rs 1,125 per share.


Petronet LNG: The company reported lower consolidated net profit at Rs 817.6 crore Q2FY22 against Rs 919.5 crore in Q2FY21, revenue jumped to Rs 10,813 crore from Rs 6,235.8 crore YoY.


Power Grid Corporation Of India: The company reported higher consolidated profit at Rs 3,376.4 crore in Q2FY22 against Rs 3,094.1 crore in Q2FY21; revenue increased to Rs 10,266.98 crore from Rs 9,529.68 crore YoY.


BHEL: The company posted consolidated loss of Rs 46.5 crore in Q2FY22 against loss of Rs 552.4 crore in Q2FY21. Revenue shot up to Rs 5,112.2 crore from Rs 3,696 crore YoY.


Indraprastha Gas: The company reported sharply higher profit at Rs 400.5 crore in Q2FY22 against Rs 307.94 crore in Q2FY21. Revenue jumped to Rs 2,015.99 crore from Rs 1,440.74 crore YoY.


CreditAccess Grameen: The company reported lower standalone profit at Rs 71.99 crore in Q2FY22 against Rs 78.17 crore in Q2FY21; revenue from operations increased to Rs 509.91 crore from Rs 470.67 crore YoY. Open / Comment

2021-11-10 05:59:30 Morgan Stanley on BHEL

: +vely surprised on execution & is focused on cash collection

EBITDA of -Rs292m was best effort after 6 qtrs of huge EBITDA losses, helped by provision writeback of Rs1.8bn

Management expects margin headwinds in 2Half

UW. TP Rs 33.7 Open / Comment

2021-11-10 05:59:30 Goldman Sacs On BHEL

Results slightly below expectation at Rev & EBITDA level; however lower than expected D&A costs due to one time accounting adjustments led to reported PAT coming ahead of expectation (Reported PAT loss of Rs 675mn vs Gse of Rs 833mn)

Sell, Target Price Rs 24 Open / Comment

2021-11-10 05:59:30 Jefferies On BHEL:

Reported 2Q loss of Rs675 m vs est of Rs1 bn profit

Losses narrowed, however, EBITDA was still a loss at Rs292 mn as gross margins were down 284 bps YoY at 32.7%, despite the sales pick-up

Core outlook remains weak
U-P, Target Price Rs 30 Open / Comment

2021-11-10 05:59:30 CITI On BHEL Reported a weak 2Q P&L

2Q orders boosted by a chunky order; 2HFY22 outlook remains subdued

Receivables improve but remain high

Core biz continues to face severe headwinds (oversupplied market, weak financial health of SEBs)

Sell, Target Price Rs 45 Open / Comment

2021-11-10 05:59:30 CLSA on NCC

BUY

Target Price Rs120

Nice pick-up with a few bumps
Orders starting to flow with materials the key worry ahead

Cut FY22-24CL EPS by 13%-5%, factor-in elevated materials till FY24
Beneficiary of water & post-Covid-19 medical infra building

Est 39% EPS Cagr in FY21-24 Open / Comment

2021-11-10 05:59:29 CLSA on Britannia

Out Perform

Target Price Rs4200

Price action to recoup margin
Weak 2Q

Margin recovery likely from 4QFY22
Demand outlook critical after sharp price hike, slowdown concern limits valuation

Cut FY22-24CL top-line estimate by 1-2%

Est sales & earnings Cagr of 9% each over FY21-24CL Open / Comment

2021-11-10 05:59:29 CLSA on Indraprastha Gas

Downgrade to O-PF from BUY

Target Price Rs540 from Rs630

Better 2Q results than peers

Reduce margin estimates, and cut FY22/23 EPS estimates 2%/16%.
2QFY22 PAT was 18% ahead of est as a margin miss was more than offset by an 11% volume beat & higher other income Open / Comment