Axis Research Scorecard Report for Oct 2023
Our POW calls delivered an excellent Monthly strike rate of 84% in Oct’23. Calls that successfully achieved their target were Nestle India (~10%),...
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Jyothy Labs Ltd - Embracing Transformation For Long-Term Growth
We are Initiating coverage of Jyothy Labs Ltd (JLL) with a BUY recommendation and a Target Price of Rs 440/share, which implies an upside of 20%...
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Jyothy Laboratories - In Line, Margin to Recover with a Lag
JYL reported an in line operating performance in 2QFY23. While standalone sales growth was 11.8%, overall volume growth was low ~1%.
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Jyothy Labs (JLL) - Margins to Partly Recover; Crude Inflation Still Persists
Jyothy labs (JLL) is an FMCG company with a presence in fabric whiteners, detergents, dishwashing products, household insecticides (HI) & personal...
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Jyothy Laboratories - Sales in 4QFY22 Were in Line.
Revenue growth is key for a company with sales of only ~INR22b. The likelihood of a consistent 15% sales growth (essential for any re-rating)...
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