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Buy ICICI Lombard General Insurance Company, target of Rs 1400: Sharekhan

January 28, 2023 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on ICICI Lombard General Insurance Company ICICI Lombard reported PAT of Rs. 346 crore (up 9% y-o-y/ down 41% q-o-q) which missed our estimates mainly due to lower investment income and lower premium income. Underwriting loss stood at Rs. 293 crore in Q3FY23 versus a loss of Rs.269 crore in Q3FY22 and loss of Rs. 152 crore in Q2FY23. Gross written premium grew by 17% y-o-y/5.6% q-o-q led by faster growth in commercial lines and Retail/group health segment; while motor business was a laggard with 5% y-o-y growth due to 1% y-o-y growth in Motor OD. Motor TP premium grew by 10% y-o-y. Retail health premium picked up, grew by 24% y-o-y & Group Health grew by 57% y-o-y. The combined ratio was at 104.4% vs 104.5% in Q3FY22 and 105.1% in Q2FY23. Claims ratio decreased … [Read more...] about Buy ICICI Lombard General Insurance Company, target of Rs 1400: Sharekhan

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Buy Maruti Suzuki; target of Rs 10,600: Prabhudas Lilladher

January 28, 2023 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on Maruti Suzuki We increase our EPS estimates by 6/3/1% for FY23/24/25 as we build in higher realisations led by improved product mix along with volumes for newly launched Jimny and Fronx. In 3QFY23, Maruti’s (MSIL) EBITDA margin at 9.8% expanded 50bps QoQ led by (1) better-than-expected realisations (Rs 623k, +8% QoQ) driven by increased contribution from UVs (21% vs 16% sequentially) and (2) benefit from raw material cost softening (+40 bps QoQ). The company currently has order book of 363k units of which ~33% is contributed by new models – Brezza, Vitara, Baleno. Newly launched Jimny (off-roader) and Fronx (compact SUV) have also received good response and deliveries are expected to commence from beginning of FY24. This will lead to increased … [Read more...] about Buy Maruti Suzuki; target of Rs 10,600: Prabhudas Lilladher

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Bajaj Finance Q3 results: Here are five key highlights

January 27, 2023 by www.moneycontrol.com

The average estimate of a poll of five brokerages by Moneycontrol had put Bajaj Finance’s net profit at Rs 2,928 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bajaj Finance on January 27 reported healthy standalone third-quarter earnings with double-digit growth in the bottom line on strong growth in assets under management (AUM) and net interest income. Here are the top five takeaways from the lender's Q3FY23 earnings: Strong net profit The non-banking finance company’s standalone profit after tax (PAT) rose 36 percent on-year to Rs 2,624 crore in the December quarter. While, the consolidated PAT for Q3 FY23 increased by 40 percent to Rs 2,973 crore from Rs 2,125 crore in Q3 FY22. Read More The net profit is largely in line with analysts’ estimates. The average estimate of a poll of five … [Read more...] about Bajaj Finance Q3 results: Here are five key highlights

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Bandhan Bank Q3: Net profit falls 66% YoY on higher provisions, total cost

January 20, 2023 by www.moneycontrol.com

Bandhan Bank's advances for the quarter rose 11.1 percent YoY to Rs 97,787 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bandhan Bank on January 20 posted a 66 percent drop in its net profit for the December quarter (Q3FY23) at Rs 290.57 crore amid a sharp jump in provisions and total cost. The lender had logged Rs 858.97 crore profit in the year-ago period. Its total expenditure rose 34.65 percent from the year-ago period to Rs 2,918.77 crore. Provisions and contingencies jumped 91.32 percent to Rs 1,541.49 crore versus Rs 805.71 crore year-on-year (YoY). Meanwhile, net interest income (NII) or the income a bank earns by giving loans, fell marginally by 2.1 percent YoY to Rs 2,080.43 crore. Other income increased nearly 45.74 percent YoY to Rs 1,033.30 crore. The lender's non-performing assets improved. Gross … [Read more...] about Bandhan Bank Q3: Net profit falls 66% YoY on higher provisions, total cost

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Bajaj Finance Q3 net profit surges 40% to Rs 2,973 crore, meets estimates

January 27, 2023 by www.moneycontrol.com

The average estimate of a poll of five brokerages by Moneycontrol had put Bajaj Finance’s net profit at Rs 2,928 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bajaj Finance Ltd reported on January 27 a consolidated net profit of Rs 2,973 crore, a jump of 40 percent year-on-year (YoY) for the December quarter, largely in line with analysts’ expectations. The average estimate of a poll of five brokerages by Moneycontrol had put the lender’s net profit at Rs 2,928 crore for the quarter compared with Rs 2,125 crore reported in the corresponding quarter a year ago. On a standalone basis, the non-bank finance company's net profit grew by 36 percent to Rs 2,624 crore. The net profit surge comes on the back of a healthy growth in disbursements that lifted net interest income by 24 percent to Rs 7,435 crore for the December … [Read more...] about Bajaj Finance Q3 net profit surges 40% to Rs 2,973 crore, meets estimates

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Sterlite Techno Consolidated December 2022 Net Sales at Rs 1,882.00 crore, up 38.84% Y-o-Y

January 28, 2023 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Sterlite Technologies are: Net Sales at Rs 1,882.00 crore in December 2022 up 38.84% from Rs. 1,355.53 crore in December 2021. Quarterly Net Profit at Rs. 50.00 crore in December 2022 up 136.47% from Rs. 137.10 crore in December 2021. EBITDA stands at Rs. 251.00 crore in December 2022 up 811.85% from Rs. 35.26 crore in December 2021. Sterlite Techno EPS has increased to Rs. 1.95 in December 2022 from Rs. 3.45 in December 2021. Sterlite Techno shares closed at 179.60 on January 25, 2023 (NSE) and has given 29.12% returns over the last 6 months and -13.86% over the last 12 months. Sterlite Technologies Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from … [Read more...] about Sterlite Techno Consolidated December 2022 Net Sales at Rs 1,882.00 crore, up 38.84% Y-o-Y

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Ndr Auto Compon Consolidated December 2022 Net Sales at Rs 105.73 crore, up 90.73% Y-o-Y

January 28, 2023 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Ndr Auto Components are: Net Sales at Rs 105.73 crore in December 2022 up 90.73% from Rs. 55.43 crore in December 2021. Quarterly Net Profit at Rs. 5.68 crore in December 2022 up 77.45% from Rs. 3.20 crore in December 2021. EBITDA stands at Rs. 8.77 crore in December 2022 up 71.62% from Rs. 5.11 crore in December 2021. Ndr Auto Compon EPS has increased to Rs. 9.56 in December 2022 from Rs. 5.38 in December 2021. Read More Ndr Auto Compon shares closed at 615.05 on January 25, 2023 (NSE) and has given 64.01% returns over the last 6 months and 46.35% over the last 12 months. Ndr Auto Components Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income … [Read more...] about Ndr Auto Compon Consolidated December 2022 Net Sales at Rs 105.73 crore, up 90.73% Y-o-Y

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Hold Tata Communications; target of Rs 1290: ICICI Direct

January 28, 2023 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Tata Communications Tata Communications (TCom) is the leading global digital ecosystem enabler. It provides its clientele with state-of-the-art solutions across a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data centre services. Outlook We maintain HOLD as the growth – margin construct is not in sync. We value TCom at a target price of Rs 1290. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Hold Tata Communications; target of Rs 1290: ICICI Direct

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Hold Gateway Distriparks; target of Rs 75: ICICI Direct

January 28, 2023 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Gateway Distriparks Gateway Distriparks (GDL) has a diversified presence in logistics verticals like container train operators (CTO), cold chain logistics, container freight stations. Rail segment comprises ~70% of consolidated revenues, with the rest being contributed by CFS • Has five intermodal terminals, built on owned land at key areas along WDFC. Outlook We change our stance from BUY to HOLD recommendation. We value the stock at Rs 75 i.e. 16x P/E on FY25E EPS. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises … [Read more...] about Hold Gateway Distriparks; target of Rs 75: ICICI Direct

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Hold Syngene International; target of Rs 610: ICICI Direct

January 28, 2023 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Syngene International Syngene is a contract research, development and manufacturing organisation catering mainly to global innovator pharma/chemical companies offering integrated scientific services from early discovery to commercial supply. Syngene serves these players, which outsources some or substantial part of its business in the product development life cycle and operates via full time equipment (FTE) and fee for services (FFS) models • Discovery services: FTE engagements with high renewability; dedicated services: long-term strategic alliances that last usually five years or more, Development and manufacturing: FFS engagements, which increase in volume/scale over time. Outlook Downgrade from BUY to HOLD as the stock fully reflects strong … [Read more...] about Hold Syngene International; target of Rs 610: ICICI Direct

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