Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes ONGC, Federal Bank, Axis Bank, and more.
June 11, 2024 / 07:56 AM IST
Stock Market Trend
Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes ONGC, Federal Bank, Axis Bank, and more.
Jefferies On ONGC
Buy Call, Target `390/Sh
Policy Continuity Should Keep Co’s Profitability Elevated Compared To Past Avgs
Recent Correction In Stock Appears Overdone
Recent Correction Provides An Attractive Entry Point For Investors
Ramp-up In KG Basin Production In Q3FY25 & Accretion To Profitability Key Triggers
Nomura On Federal Bank
Buy Call, Target `195/Sh
Bank Expects To Sustain 18-20% Growth In Loans Over Medium Term
Expects To Sustain Similar Growth Rate In Deposits
Bank Expects To Largely Sustain Its NIM Profile Over Near Term
Mgmt Says, 50 bps Cut In Repo Rate Could Have A –Ve Impact Of 10-15 bps On NIMs
Management Expects Fee Growth To Sustain At More Than 20% YoY
Mgmt In Dialogue With Regulator To Resolve This Issue Of Embargo
Nomura On Axis Bank
Buy Call, Target `1,250/Sh
Mgmt Believes Deposits Growth Will Be Key Constraint For Loan Growth For Industry
Sees Credit Growth Converging To Current System Deposits Growth Trend
Expects To Grow Loan Book 300–400 Bps Faster Than Ind Over Medium To Long-Term
Mgmt Reiterated That Bd’s Nod For Eq Cap Raise Is Only An Enabling Resolution
Nomura On KEC Intl
Assume Coverage With Buy Call, Target `960/Sh
Robust T&D Outlook; Gradual Margin Recovery
Expect Rev/EBITDA/PAT CAGRs Of 12/28/58% Over FY24-27
Co Aims For margin of 7.5% for FY25
Co Expects Further Margin Improvement, Closer To Double-Digit % By End-FY26
Antique On L&T Fin
Initiate Buy, Target `220/Sh
Expect Co’s Earnings CAGR To Be 25% Over The Next 3 Yrs
RoE To Expand >400 Bps To 15% Over Next 3 Yrs
See Ltd Risk In Co Achieving These Targets
Promoter Group Has Shown Renewed Vigor & Placed Their Trust In An All-Round Leader
AUM Growth To Sustain At 20%+; Structurally Working On Reducing Credit Cost
Elara On HCC
Initiate Buy, Target `63/Sh
Poised To Reclaim Last Glory: 10-year Slog Improves Financial Health
Well Positioned To Capture On `1.5 Lk Cr Nuclear Opportunity
Ratings Upgrade & No Restrictions On Bk Guarantee Limits Allows To Bid For New Contracts
Expect `9,000 Cr Inflows In FY25 Vs Guidance Of `10,000 Cr
Inflows To Increase By 15% Per Annum For The Next Two Years
Expect A Standalone Revenue & EBITDA CAGR Of 20% Each During FY24-27
Expect Earnings CAGR At 50%, Due To Lower Interest Cost
CLSA On Oil & GasSpot LNG Prices Are Surging
Surge In LNG Price Is Likely To Have A +Ve Rub-Off Effect For GAIL, GSPL & PLNG
CNG Sales Growth For Delhi Slowed In May
Mumbai & Gujarat Continued Their Uptrends In CNG Sales
Uptrends In CNG Sales In Mumbai & Guj Bodes Well For CNG Vol Of MGL & Guj Gas
Lower Propane Prices Vis-À-Vis Uptick In Spot LNG May Limit Upside To Guj Gas’ Margin
Believe Guj Gas Is Trading At An Extreme Valuation
Baking In Expectations Of A Huge Industrial Volume Rebound
Continue To Prefer MGL & IGL In Gas Space
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