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...
321 Views
Exchanges, Staffing and Internet (Q2FY25E Results Preview): On Growth Trajectory
MCX is expected to report strong revenue growth of +22/73% QoQ/YoY, led by growth in options revenue (+38% QoQ) and ~4% growth in futures volume
356 Views
Exchanges: Clearing Corporations’ Regulations—no Major Impact
We have a BUY on MCX and increase our target price to INR 5,000 (vs INR 4,700 earlier) and maintain our REDUCE rating on BSE.
494 Views
HSIE Results Daily: Cholamandalam Investment and Finance Company, Colgate Palmolive
Chola’s Q1FY25 earnings were marginally lower than our estimates with strong AUM growth (+35% YoY) and improving opex intensity (3.1% of AUM),...
297 Views