External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Mahindra Logistics Ltd / Equity Bottom-Up

Mahindra Logistics Limited provides logistic services. The Company offers people transportation, warehousing, distribution, brokerage, supply chain management, freight forwarding, e-commerce, engineering, auto outbound, transport management systems, and technology services. Mahindra Logistics serves customers in India.

<ul><li>Sharekhan's research report onMahindra Logistics Consolidated revenue was marginally higher in Q4, led by healthy growth in the core standalone business and express business.</li><li>One-off expenses led to a miss on operating and net level.</li><li>Addition of new accounts continues while it remains steadfast on achieving EBITDA breakeven in the express business by Q2FY2025 end.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sharekhan's research report onMahindra Logistics Consolidated revenue was marginally higher in Q4, led by healthy growth in the core standalone business and express business.One-off expenses led to a miss on operating and net level.Addition of new accounts continues while it remains steadfast on achieving EBITDA breakeven in the express business by Q2FY2025 end.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra Logistics Ltd - A Mixed Q4; Stays On-Course to Achieve Profitable Growth

Lupin Limited manufactures bulk actives and formulations. The principal bulk actives manufactured by it include Rifampicin, Pyrazinamide, Ethambutol (anti-TB), Cephalosporins (anti-infectives) and cardiovasculars. The company also possesses competencies in phytomedicines, in which medicines are made out of plant and herbal resources supported by the discipline of modern medicine.

<ul><li>Sharekhan's research report onLupin The US is witnessing benign price erosion pressure followed by healthy uptick in respiratory portfolio led by gSpiriva witnessing a 30-35% conversion rate.</li><li>This to result in $200-220 million sales on a quarterly basis.</li><li>USFDA recently completed cGMP inspection of Dabhasa plant and zconcluded with no observations.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sharekhan's research report onLupin The US is witnessing benign price erosion pressure followed by healthy uptick in respiratory portfolio led by gSpiriva witnessing a 30-35% conversion rate.This to result in $200-220 million sales on a quarterly basis.USFDA recently completed cGMP inspection of Dabhasa plant and zconcluded with no observations.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Lupin Ltd - GSpiriva on a Healthy Growth Track, Headwinds Receding

Exide Industries Ltd. manufactures a wide range of lead and electric storage batteries. The Company's batteries for automobiles, railways, aircrafts, power stations, telephone exchanges, and other uses.

<ul><li>Sharekhan's research report onExide Industries Exide has signed a MoU with Hyundai Motors and Kia for their EV project- offers long-term business visibility.</li><li>Uptrend in existing business along with steady input cost trend offers near-term earnings visibility.</li><li>Outlook We maintain a Buy rating on Exide with a SOTP-based PT of Rs.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sharekhan's research report onExide Industries Exide has signed a MoU with Hyundai Motors and Kia for their EV project- offers long-term business visibility.Uptrend in existing business along with steady input cost trend offers near-term earnings visibility.Outlook We maintain a Buy rating on Exide with a SOTP-based PT of Rs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Exide Industries Ltd - Onboarding OEMs for EV Project

Coforge Limited provides information technology services. The Company serves customers in India.

<ul><li>Sharekhan's research report onCoforge Fund-raising through QIP to assist the company in acquiring horizontal capability, forging partnerships/alliances and expansion in existing verticals or building new verticals.</li><li>The company expects a complete reversal of furloughs and deal ramp-ups to contribute to a sharp uptick in margins in Q4FY24.</li><li>Further, moderating attrition, peaking out of SG&amp;A expenses, higher offshoring and better utilization would aid in margins uptick in FY25.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sharekhan's research report onCoforge Fund-raising through QIP to assist the company in acquiring horizontal capability, forging partnerships/alliances and expansion in existing verticals or building new verticals.The company expects a complete reversal of furloughs and deal ramp-ups to contribute to a sharp uptick in margins in Q4FY24.Further, moderating attrition, peaking out of SG&amp;A expenses, higher offshoring and better utilization would aid in margins uptick in FY25.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Coforge Ltd - Well Placed to Deliver Top Quadrant Performance

ICICI Lombard General Insurance Company / Equity Bottom-Up

ICICI Lombard General Insurance Company Limited operates as an insurance company. The Company offers motor, health, travel, rural, business, third party, personal accident, and home insurance, as well as claim settlements and renewals services. ICICI Lombard General Insurance serves customers in India.

ICICI Lombard General Insurance Company (ICICIGI IN)

<ul><li>Sharekhan's research report onICICI Lombard General Insurance Company ICICI Lombard, hosted its Tech Day wherein it showcased its technological capabilities, which is driving the strong business transformation.</li><li>New-age technologies such as Artificial Intelligence/Machine Learning, IoT, Cloud and Data Analytics are adding better cost efficiencies/ engagement with customers, improving business sourcing, and identifying early risk alerts.</li><li>Without incurring substantial additional costs, the business is expected to achieve its core objectives - agility, efficiency, reliability, and security, over the medium to long term.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sharekhan's research report onICICI Lombard General Insurance Company ICICI Lombard, hosted its Tech Day wherein it showcased its technological capabilities, which is driving the strong business transformation.New-age technologies such as Artificial Intelligence/Machine Learning, IoT, Cloud and Data Analytics are adding better cost efficiencies/ engagement with customers, improving business sourcing, and identifying early risk alerts.Without incurring substantial additional costs, the business is expected to achieve its core objectives - agility, efficiency, reliability, and security, over the medium to long term.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ICICI Lombard General Insurance Company Ltd - Riding the Tech Wave

Sharekhan
External broker reports(aggregated public sources)
• Sharekhan

Mahindra Logistics Ltd - A Mixed Q4; Stays On-Course to Achieve Profitable Growth

Sharekhan's research report onMahindra Logistics Consolidated revenue was marginally higher in Q4, led by healthy growth in the core standalone...

Sharekhan

Lupin Ltd - GSpiriva on a Healthy Growth Track, Headwinds Receding

This to result in $200-220 million sales on a quarterly basis. USFDA recently completed cGMP inspection of Dabhasa plant and zconcluded with no...

Sharekhan

Exide Industries Ltd - Onboarding OEMs for EV Project

Sharekhan's research report onExide Industries Exide has signed a MoU with Hyundai Motors and Kia for their EV project- offers long-term business...

Sharekhan

Coforge Ltd - Well Placed to Deliver Top Quadrant Performance

Further, moderating attrition, peaking out of SG&A expenses, higher offshoring and better utilization would aid in margins uptick in FY25.

Sharekhan

ICICI Lombard General Insurance Company Ltd - Riding the Tech Wave

Without incurring substantial additional costs, the business is expected to achieve its core objectives - agility, efficiency, reliability, and...

Sharekhan