Oswal Motilal Research Report on HDFC Bank HDFCB reports an online quarter, with the growth of NII / PPOP 13% / 10.5% YoY. Pat grew 18% YoY to INR103.4B (in line). Profitability stands stronger even though the bank creates an additional provision of INR9B, takes a total buffer to ~ INR86.4B (~ 70bp loan). The […]
Buy Titan Company: target of Rs 2900: Sharekhan
Sharekhan Research Report on Titan Companies Titan witnessed a strong demand across its consumer business, with independent revenue growth of 36% Y-O-Y at Q3FY2022. Revenue grew by 18% in two years CAGR. We hope that OPM is higher by 150 bps because of better operating leverage. Jewelry business income grew by 37% Y-O-Y (29% CAGR […]
Buy Indraprastha Gas; target of Rs 662: Prabhudas Lilladher
Prabhudas Lilladher’s research report on Indraprastha Gas We keep our income for FY22 / 23E. IGL reports strong results with EBIDTA / PAT RS5.3BN (+ 39% Q / Q; 2yr CAGR 16%; Ple RS5.5BN) and RS4.0BN (+ 64% Q; 2yr CAGR 3% due to tax) Back in 19 September; Ple RS3.7bn) respectively. The volume was […]