The report states HCLTech filed 365 PERM applications in FY25 and estimates a ~5bps EBIT margin impact from the suspension.
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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
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Formerly known as Way2Wealth
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quant Mutual Fund
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Prabhudas Lilladher
ITC Hotels
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Exterminators PLC
Emkay Global
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Private Client Group Research summarized from KIE research report
Kahawatte Plantations PLC
572 notes from HDFC Securities · all time
The report states Wipro filed 521 PERM applications in FY25, the most among Indian IT firms, and estimates an ~8bps EBIT margin impact.
Read this note →The report notes Infosys had zero PERM filings in FY25 and estimates only a ~3bps EBIT margin impact from the suspension.
Read this note →The report states TCS filed 513 PERM applications in FY25 and estimates the PERM freeze would reduce EBIT margin by ~13bps if affected roles are replaced by local hires.
Read this note →The report rates MGFL REDUCE with target raised slightly from Rs 310 to Rs 315.
Read this note →The report rates MUTHOOT ADD with target raised from Rs 3,020 to Rs 3,070, noting astronomical gold loan growth and competitive pricing pressure on margins.
Read this note →The report rates REPCO ADD with target lowered from Rs 580 to Rs 557.
Read this note →The report rates PNBHOUSING ADD with target raised from Rs 1,100 to Rs 1,200.
Read this note →The report rates LICHF ADD with target raised from Rs 655 to Rs 676.
Read this note →The report rates HOMEFIRST ADD with target unchanged at Rs 1,250.
Read this note →The report names CANF one of its top picks among HFCs with a BUY rating and target raised from Rs 1,040 to Rs 1,060.
Read this note →The report rates APTUS ADD with target raised from Rs 305 to Rs 315.
Read this note →The report names AAVAS one of its top picks among HFCs with a BUY rating and unchanged target of Rs 1,540.
Read this note →The report rates CREDAG ADD with target lowered from Rs 1,590 to Rs 1,570.
Read this note →The report rates SUF ADD with target raised from Rs 4,835 to Rs 5,000.
Read this note →The report rates SHTF ADD with target raised from Rs 1,100 to Rs 1,200.
Read this note →The report rates MMFS ADD with target raised from Rs 385 to Rs 400.
Read this note →The report calls CIFC its top pick among vehicle financiers, rated ADD, with target raised from Rs 1,810 to Rs 1,950.
Read this note →The report rates SBICARD REDUCE with target unchanged at Rs 595, noting muted receivables growth.
Read this note →The report rates TATACAP ADD with target raised from Rs 335 to Rs 360.
Read this note →The report rates ABCAP ADD with target raised from Rs 390 to Rs 416.
Read this note →The report rates PIRAMALF ADD with target raised from Rs 1,960 to Rs 2,000.
Read this note →The report rates PFL REDUCE with target raised from Rs 365 to Rs 390.
Read this note →The report rates LTF ADD with target raised from Rs 315 to Rs 320.
Read this note →The report calls BAF its top pick among diversified NBFCs with a BUY rating and raised target price from Rs 1,100 to Rs 1,200.
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