HSIE Results Daily: State Bank of India, Kotak Mahindra Bank, Avenue Supermarts...
SBIN’s earnings missed our estimates on account of elevated opex (INR 16bn) towards performance-linked incentives, partly offset by strong treasury...
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Top Conviction Ideas - “Banks, Financial Services and Insurance (BFSI) ”
Banks (incl. SFBs) under our coverage reported an in-line performance, delivering a credit growth at ~12% YoY, mirroring systemic growth.
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New Year Picks 2025
At this juncture, we are delighted to unveil our New Year Picks for this year, curated to support and strengthen your investment journey in the...
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HSIE Results Daily: UltraTech Cement, Oberoi Realty, Dalmia Bharat
We estimate UTCEM to deliver 11% volume CAGR (ex-India Cements) over FY24-27E and unit EBITDA to expand to INR 1,349 in FY27E.
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HSIE Results Daily: UltraTech Cement, Oberoi Realty, Dalmia Bharat, Multi Commodity Exchange
We maintain ADD on UltraTech (UTCEM) with an unchanged target price of INR 11,260 (valuing the cement business at 16.5x Sep-26E consolidated EBITDA...
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