09 Dec , 2024 By : Debdeep Gupta
Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes Sun Pharma, RIL, Tata Power, and more.
Jefferies On Sun Pharma
Buy Call, Target `2,150/Sh
Analysis Of Latest Cancer Treatment Specialty Assets Suggest Combined Peak Sales Of $100 m
Other Indications Are Still In the Trial Stage & Thus Present An Option Value
Peak Sales Are Modest
Co Should Leverage Existing Infra To Commercialise Pdts & May Not Add Costs
Combined NPV Is Estimated At $380 M Which Is Less Than 1% Ofthe Current Market Cap
Jefferies On Godrej Cons
Buy Call, Target `1,550/Sh
In A First, Co Released Its Pre-Qtr Update Well Before Qtr End
Both Soaps & Home Insecticides Likely To See Vol Decline (Overall India: Near-Flat YoY) In Q3
Despite Domestic Rev Growth At MSD, EBITDA Likely To Decline On Margin Pressure
Mgmt Sees These As Transitory Issues
Release Would Likely Add To Investor Concerns On A Slowing Down Ind
Motilal Oswal on RIL
Buy Call, Target `1,580/Sh
Compelling Risk-Reward; FCF Generation Likely To Pick Up
Reliance Jio: Tariff Hike, Market Share Gains, & FWA Ramp-Up To Drive Growth
Reliance Retail: Growth Recovery Remains Key For Re-Rating
O2C: Refining Margin Recovery Underway; Petchem To Remain Soft
New Energy: Best Placed To Utilise Economies Of Scale
Motilal Oswal On Tata Power
Buy Call, Target `509/Sh
Mgmt Showcased Its Vision To Double EBITDA & PAT By FY30, Respectively
By FY30, Co Expects Share Of Renewables In PAT To Rise To ~50% (FY24: 21%)
Share Of Conventional Generation & Coal Will Decline To 11% By FY30
Capex Is Est To Rise To `1.46 Lk Cr In Next Five Years, 3x Capex Over Last Five Years
Jefferies on Financials
After Easing Liquidity Stance In Oct, RBI has cut CRR by 50bps to 4%; No Change In Repo Rate
seems open to more monetary policy support if growth softens
The Cut Should Ease Liquidity & Lower COF
Loan Rate Cuts May Follow Repo Rate Cut
For Life Insurers, Gov Clarified No Need To Tighten Norms
Stay Ve On Banks & Life Insurers
InCred On Lloyd Metals
Initiate Add Call, Target Price At `1,476/Sh
Newly Auctioned Iron Ore Mines Unviable To Operate
Steel Scrap Availability Not Rising In Sync With Steel Output
Iron Ore Prices Are Likely To Rise
Shortfall In Output By Lloyd Metals Could Lead To Iron Ore Shortage In FY26
In Base Case, Shortage Is Likely To Begin In FY27
Value Stock At 7.5x FY27F EV/EBITDA
Equirus On PG Electroplast
Initiate Buy Call, Target Price At `980/Sh
Build In Around 39%/44%/60% Revenue/EBITDA/PAT CAGR Over FY24-FY27E
Over FY21-FY24, PGEL Grew At An Impressive 57% Revenue CAGR
EBITDA Skyrocketed During This Period As Cost Leadership Led To Margin Expansion
CLSA On NHPC
Outperform Call, Target Price At `120/Sh
Global Roadshow Feedback: An Under-Appreciated And Inexpensive Net Zero Play
Decadal Green Growth Validated By FY24-29 Regulations
Gaining Share In Hydro And New, Faster Growth Avenues Emerge
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