INSUBCONTINENT EXCLUSIVE:
Good morning!
The domestic stock market on Thursday showed early signs of a possible breakout from its consolidation range
With the April to June quarter usually contributing 40 per cent of sales, the Covid-19-related shutdown implies free cash flow generation
and return on capital employed improvement will be pushed back by a year, said Motilal Oswal
Notwithstanding near-term issues, VBL has multiple growth levers in terms of potentially higher asset turnover, market share gains in its
newly acquired territories and an improving contribution from non-carbonated drinks portfoliom, said Motilal Oswal
Reliance Retail could see a 4-5 per cent revenue loss given the current shutdown of retail stores except grocery, said Motilal Oswal
The brokerage said Reliance Jio could see limited impact as drop in new subscriber addition/physical recharges would get offset by an
increase in data consumption
The brokerage said RIL is one of its top picks considering that the tide would soon turn in favour of the core segment
The brokerage is positive on UPL's long term growth prospects and strong free cash generation
The brokerage said it is difficult to quantify nearterm impact due to Covid-19 but it believes that prolonged impact of the outbreak could
displace UPL's deleveraging plans and coult be a threat to ratings
Bajaj Finance has offered a conditional moratorium to existing customers instead of a blanket offering
The brokerage said this is encouraging as Bajaj Finance has clearly avoided regular defaulters from availing itand also safeguarded its new
loans which anyhow should be availed by customers with sufficient cash flows
revised fair value to Rs 1,260 from Rs 1,475
Second and third order impacts of Covid-19 could increase the challenges facing Titan's competition in the jewelry segment, thereby
increasing Titan's already meaty edge over the competition further, said Kotak
The brokerage said Titan would face short term pressure on demand and even as it expects a strong bounce back, FY22 numbers could see some
The stock ended up 0.35 per cent at Rs 936.75 on Wednesday.