Strides Shasun

Strides Shasun has been restructuring its business and has exited its India business. Strides is also expected to derive synergies by merging its Australia business with Apotex, which will have ~50% market share of the local generics market. The Austral...

Buy Reco. Price: 478.00

SPARC

SPARC has received NDA approval to Xelpros (Glaucoma drug) and has PDUFA date on Elepsia (Epilepsy drug). Both the drugs are linked to Sun Pharma’s Halol plant, which has received form 483 in September 2018. Since it has no monetized drug, SPARC has b...

Reduce Reco. Price: 362.00

Tata Steel

Tata Steel Ltd (TSL) would benefit from (a) rise in domestic sales due to domestic demand supported by acquisition of Bhushan Steels and (b) domestic steel spreads to remain firm due to reforms in the Chinese steel industry. The company is expected to see r...

Buy Reco. Price: 614.00

Centrum Capital

Centrum Capital Ltd’s (CCL) subsidiary, Centrum Housing Finance Ltd (CHFL) has signed an MOU with National Housing Bank. As per MOU, eligible customers availing home loan under ‘Pradhan Mantri Awas Yojana’ from CHFL will be subsidised by G...

Buy Reco. Price: 42.00

Edelweiss.Fin.

Edelweiss Financial Services Ltd (EDEL) is a diversified financial services conglomerate with presence in wholesale/retail credit lending, capital markets, wealth management (WM), asset management (AM), asset reconstruction (AR) and insurance. Company is ac...

Buy Reco. Price: 215.00

Idea Cellular

Vodafone Idea is facing intense competition, hence we expect revenue CAGR of 20.3% over FY18-20E leading to an EBITDA margin of 21.1% in FY20E. Revenue growth would be supported by a significant growth in data revenues over FY18-20E. EBITDA margin are e...

Reduce Reco. Price: 42.80

Adani Power

Adani Power is likely to report revenue CAGR of 9.6% over FY18-20E aided by growth in power generation over FY18-20E. EBITDA margins are likely to remain constant over FY18-20E as higher utilization levels would be offset by higher material costs. We expect...

Sell Reco. Price: 25.70

Swan Energy

We expect company to deliver revenue CAGR of ~43% over FY18-20E owing to (a) expected commissioning of its LNG import terminal and (b) favourable shift of demand for textile business due to GST. We expect lower PAT CAGR of ~18% over FY18-20E owing to (a) in...

Accumulate Reco. Price: 141.00

Wockhardt

Wockhardt currently has import alerts and warning letters on Chikalthana, Waluj, Ankaleshwar and Shendra facilities due to which growth has been a challenge. In FY18, company reported 1.9% yoy decline in revenue. Profitability has tanked with company report...

Reduce Reco. Price: 563.00

Reliance Nip.Lif

RNAM had Quarterly Average Assets under Management (QAAUM) of Rs2.40 lakh cr as on June 30, 2018, up 8% yoy. Household savings directed towards financial assets in India are merely 3% against 10-40% for USA, BRICS (ex-India), France and UK. MF AUM as percen...

Buy Reco. Price: 174.00