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  • CRISIL

    CRISIL is currently facing slowdown in Research and Ratings segments. Over past 4-5 quarters, Research has seen mixed growth due to pressure on buy and sell side. Rating has been lacklustre due to dip in corporate bond issuances (owing to adverse yield move...

    Reduce Reco. Price: 1,774.00

  • Tata Motors-DVR

    After 4% yoy volume decline in Q4FY18, April and May 2018 JLR volumes provided solace with 12% yoy and 6% yoy volume growth led by new launches. Q4FY18 results disappointed due to higher impairment provision and weak performance by JLR, as it faced difficul...

    Buy Reco. Price: 180.05

  • Tata Motors

    After 4% yoy volume decline in Q4FY18, April and May 2018 JLR volumes provided solace with 12% yoy and 6% yoy volume growth led by new launches. Q4FY18 results disappointed due to higher impairment provision and weak performance by JLR, as it faced...

    Buy Reco. Price: 304.00

  • Shriram Trans.

    STFL is a beneficiary of the on-going vehicle ‘super-cycle’. We expect good disbursements growth going ahead in both, used and new vehicle finance, due to demand drivers like ban on overloading, increasing tonnage of vehicles, etc. We expect an ...

    Buy Reco. Price: 1,464.00

  • Natl. Aluminium

    Nalco is expected to report revenue CAGR of 9.2% over FY18-20E aided by (a) higher utilization rates for both mining and smelting capacities, and (b) strong pricing environment for aluminium and alumina. EBITDA margins are also likely to expand by ~167bps o...

    Accumulate Reco. Price: 69.20

  • Tata Steel

    Tata Steel Ltd (TSL) would benefit from (a) ~2% volume growth in domestic steel production supported by spending on infrastructure and (b) steel spreads to stabilise in medium term due to domestic demand. The company is expected to see revenue and EBITDA CA...

    Buy Reco. Price: 566.00

  • Reliance Capital

    Monetisation of investments and de-leveraging of balance sheet to improves the outlook for the stock. Commercial finance and AMC businesses will remain key source of profitability. The high-margin asset management business is expected to grow at a better ru...

    Buy Reco. Price: 420.00

  • UCO Bank

    We expect the bank’s credit costs to remain significantly high at around 490bp in FY19E on account of higher fresh slippages and provisioning requirements on the current stock of stressed corporates. Moreover, additional provisioning requirement throu...

    Sell Reco. Price: 19.00

  • Bharti Infra.

    Bharti Infratel Ltd (BIL) to report revenue growth of 5.9% CAGR over FY18-20E due to (1) recovery in tower tenancy, and (2) sharp increase in data usage by mobile users improving tenancy rates. The stock also offers a dividend yield of ~5%. We expect PAT CA...

    Buy Reco. Price: 293.80

  • IDBI Bank

    It is among the banks which fall under RBI’s prompt corrective action (PCA) list. Its weak capital position with low provision cover and high net NPAs coupled with expectation of further weakening in asset quality will restrict the bank’s intern...

    Reduce Reco. Price: 59.00