Category: Broker Research


Jubilant receives a warning letter (WL) on its formulations plant in Roorkee as its compliance of USFDA’s concerns remains inadequate/
March 14, 2019, 11:29 a.m.
Publisher: plindia.com

Aurobindo Pharmaceuticals (APL) has a big relief in form of Establishment Inspection report (EIR) for Unit-4 facility in which the USFDA has closed issued Form 483.
March 13, 2019, 11:26 a.m.
Publisher: angelbroking.com

Voltas expects the Room AC industry to register double-digit growth in FY20 on back of a pick-up in demand in certain pockets of the country.
March 13, 2019, 11:12 a.m.
Publisher: motilaloswal.com

CCL is India’s largest manufacturer and exporter of instant coffee with a market share of ~28%. It supplies to more than 60 countries and has established long term relationships with customers.
March 12, 2019, 1:12 p.m.
Author : HDFC Sec | Publisher: indianotes.com


The Delhi Cabinet aims to introduce 1,000 electric buses by Jun’20. This is in addition to CNG buses (500 low-floor and 500 normal).
March 12, 2019, 11:14 a.m.
Publisher: motilaloswal.com

Delta Corp’s subsidiary — Gaussain Software – has acquired 25% stake in Jalesh Cruises for USD10m. Gaussain Software will be the preferred partner to manage and operate the casinos/gaming centers on the cruises.
March 12, 2019, 11:13 a.m.
Publisher: motilaloswal.com

Sun Pharmaceutical Industries (SPIL) is India’s largest and the world’s fifth-largest generic pharmaceutical company.
March 5, 2019, 2:21 p.m.
Publisher: nirmalbang.com

Bharti Airtel’s (BHARTI) board has approved an INR320b fund raise, which includes a rights issue of INR250b and perpetual bonds with equity credit of INR70b (foreign denominated)
Feb. 28, 2019, 2 p.m.
Publisher: motilaloswal.com

We feel investors could BUY the stock at CMP and add on declines to Rs 164-168 band (13x Dec-20E EPS) for sequential targets of Rs 209.5 (16.5x Dec-20E EPS) and Rs 222.5 (17.5x Dec-20E EPS) in three to four quarters. At a CMP of Rs 186, it is trading at ~14.6x Dec-20E EPS.
Feb. 25, 2019, 11:23 a.m.
Author : HDFC Sec | Publisher: indianotes.com

Concerns around FY20 margins — perhaps, a familiar territory?
Feb. 25, 2019, 9:03 a.m.
Publisher: motilaloswal.com