HSIE Results Daily: Indian Oil Corporation, Star Health and Allied Insurance
Our REDUCE rating on Indian Oil Corporation (IOCL), with a target price of INR 145, is premised on margin pressure due to increasing petchem...
245 Views
Birlasoft (Q4FY24): Steady Progression. Maintain ADD
Birlasoft (BSOFT) posted in-line results with revenue increasing by 1.6% QoQ and margin expanding, a positive in the current context
262 Views
HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits
Bajaj Auto: Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
484 Views
HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits, Hitachi Energy
Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
467 Views
Birlasoft: Getting Better. Maintain BUY
We believe that BSOFT possesses a scalable services portfolio and resilience in the current macroeconomic scenario (Birlasoft – the next large mid...
563 Views