The report cuts the target to Rs 200 from Rs 215 while maintaining REDUCE, flagging weak outlook with EBITDA margin declining ~120bps YoY.
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What India's research desks published, reported with attribution and linked to the original notes. Orivam issues no recommendations of its own.
All houses
HDFC Securities
Motilal Oswal
Tata Asset Management
Mirae Asset Sharekhan
Jainam
India IPO
GEPL Capital
Way2Wealth
SBICAP Securities
Angel One
Axis Securities
ICICI Direct Research Retail
Religare
Arete Securities
Formerly known as Way2Wealth
ICICI Direct
Way2Wealth Securities
quant Mutual Fund
ICICI Securities
Kotak Securities
JM Financial
ICICI Securities – Retail
Ventura Securities
Global Markets by Vested
Prabhudas Lilladher
ITC Hotels
Elara Securities
Exterminators PLC
Emkay Global
Industrial Asphalts
Private Client Group Research summarized from KIE research report
Kahawatte Plantations PLC
572 notes from HDFC Securities · all time
The report trims the target to Rs 540 from Rs 550 while maintaining ADD, expecting ~190bps gross margin contraction in Q2.
Read this note →The report cuts the target to Rs 2,900 from Rs 3,000 while maintaining ADD, expecting ~200bps gross margin contraction due to raw material inflation.
Read this note →The report upgrades Metro Brands to BUY from ADD with a DCF-based target of Rs 1,030, citing a 30% stock price correction with no meaningful fundamental damage.
Read this note →The report trims the target to Rs 400 from Rs 420 while maintaining ADD, expecting 10.4% YoY revenue growth on a low base.
Read this note →The report cuts the target price to Rs 610 from Rs 720 while maintaining REDUCE, expecting Bata to underperform peers MBL on channel-specific issues.
Read this note →The report downgrades V-Mart to ADD from BUY and cuts target to Rs 850 from Rs 875, citing limited upside after the stock rally despite 18% YoY revenue growth.
Read this note →The report maintains a REDUCE rating and unchanged target of Rs 360, expecting ~7% YoY revenue growth and weak profitability.
Read this note →The report keeps an ADD rating with target raised to Rs 3,100 from Rs 3,060, noting Trent is likely to outperform ABLBL and estimating ~23% YoY revenue growth.
Read this note →The report raises the target price to Rs 4,500 from Rs 4,350 while maintaining a REDUCE rating, estimating ~25% YoY revenue growth driven by jewelry and other segments.
Read this note →The report maintains an ADD rating with an unchanged target price of Rs 4,100.
Read this note →The report says PFL's earnings beat estimates on NIM reflation but credit costs remain elevated, and it maintains a REDUCE rating with a revised target price of INR395 as the RoE profile is likely to stay sub-par.
Read this note →The report notes Cognizant was among the eight companies suspended from the PERM program alongside the four Indian IT firms.
Read this note →The report lists Happiest Minds in its valuation comparison table without specific commentary on the PERM issue.
Read this note →The report lists Mastek in its valuation comparison table without specific commentary on the PERM issue.
Read this note →The report lists Sonata Software in its valuation comparison table without specific commentary on the PERM issue.
Read this note →The report lists Birlasoft in its valuation comparison table without specific commentary on the PERM issue.
Read this note →The report lists Zensar in its valuation comparison table without specific commentary on the PERM issue.
Read this note →The report lists Cyient in its valuation comparison table without specific commentary on the PERM issue.
Read this note →The report lists Tata Elxsi in its valuation comparison table without specific commentary on the PERM issue.
Read this note →The report notes L&T Technology Services filed 62 PERM applications in FY25 and was not among the suspended firms.
Read this note →The report notes Mphasis filed 132 PERM applications in FY25 and was not among the suspended firms.
Read this note →The report notes Persistent filed 43 PERM applications in FY25 and was not among the suspended firms.
Read this note →The report notes LTIMindtree filed 205 PERM applications in FY25 and was not among the suspended firms.
Read this note →The report lists Tech Mahindra in its valuation comparison table without specific commentary on the PERM issue.
Read this note →