Stinger

Elara Stinger: Outstanding personal loans against shares reach record highs - Diet Report: Sun Pharma - Company Update Max Estates - Q2 Result: TP/Rating chg: Gland Pharma (Buy); Larsen & Toubro - Article by Lord Meghnad Desai

Elara Global Research
05-11-2024

Quarterly Update

Textiles - Vardhman Textiles - Margin to remain under strain - Q2FY25 Update - Accumulate - TP: INR 509 - Upside: 8% (Author: Prerna Jhunjhunwala)

Prerna Jhunjhunwala
05-11-2024

Report

Lord Meghnad Desai - Out of My Mind: Bibek Debroy

Elara Global Research
04-11-2024

Report

Lord Meghnad Desai - Out of My Mind: Women in Politics

Elara Global Research
04-11-2024

Stinger

Elara Stinger: India’s defence exports to touch INR 500bn in 2029-30: Rajnath Singh - Economics - Q2 Result: TP/Rating chg: CONCOR (Accumulate, 1,087); Gujarat Fluoro (Accumulate 4583); V-Guard Industries (475); Adani Ports

Elara Global Research
04-11-2024

Quarterly Update

Pharmaceuticals - Gland Pharma - Bottoming out - Q2FY25 Update - Buy - TP: INR 2,057 - Upside: 28% (Author: Dr Bino Pathiparampil)

Dr Bino Pathiparampil
04-11-2024

Quarterly Update

Infrastructure - Larsen & Toubro - Strong show; outlook positive – Q2FY25 Update – Accumulate – TP INR 4,051 – Upside: 12% (Author: Ankita Shah)

Ankita Shah
04-11-2024

Diet Report

Diet Report – Pharmaceuticals - Sun Pharmaceuticals - Leqselvi delayed (Analyst: Bino Pathiparampil)

Dr Bino Pathiparampil
04-11-2024

Company Update

Real Estate - Max Estates - Building blocks ready; focus on execution - Company Update - Not Rated (Author: Rahul Jain)

Rahul Jain, CFA
04-11-2024

Quarterly Update

Consumer Electricals - V-Guard Industries - Electronics up, kitchen demand tepid - Q2FY25 Update - Accumulate - TP: INR 475 - Upside: 9% (Author: Harshit Kapadia)

Harshit Kapadia
01-11-2024

Stinger

Elara Stinger: SEBI proposes measures to promote ease of doing business for small, medium REITs - Diet: Prestige Estate Projects - Q2 Result: TP/Rating chg: Tata Power (Buy 518); Dabur (580); Voltas (1,530); Kaynes Techn (5,590); Vedant Fash (1,610)

Elara Global Research
31-10-2024

Economics

India Economics - Spending pace rising but too little, too late (Author: Garima Kapoor)

Garima Kapoor
31-10-2024

Quarterly Update

Ports & Logistics - Adani Ports and SEZ - Strengthening presence with steady growth - Q2FY25 Update - Buy - TP: INR 1,813 - Upside: 32% (Author: Ankita Shah)

Ankita Shah
31-10-2024

Quarterly Update

Ports & Logistics - Container Corporation of India - EXIM segment volumes lag domestic - Q2FY25 Update - Buy - TP: INR 1,087 - Upside: 30% (Author: Ankita Shah)

Ankita Shah
31-10-2024

Quarterly Update

FMCG - Dabur India - Growth challenges persist - Q2FY25 Update - Reduce - TP: INR 580 - Upside: 6% (Author: Amit Purohit)

Amit Purohit
31-10-2024

Quarterly Update

Capital Goods - Kaynes Technology - In-line results, margins expand led by mix - Q2FY25 Update - Accumulate - TP: INR 5,590 - Upside: 6% (Author: Harshit Kapadia)

Harshit Kapadia
31-10-2024

Quarterly Update

Utilities - Tata Power - Muted generation impacts topline - Q2FY25 Update - Buy - TP: INR 518 - Upside: 21% (Author: Rupesh Sankhe)

Rupesh Sankhe
31-10-2024

Quarterly Update

Capital Goods - Voltas - UCP surge offsets EMP fall, margins slip - Q2FY25 Update - Sell - TP: INR 1,530 - Downside: 10% (Author: Harshit Kapadia)

Harshit Kapadia
31-10-2024

Quarterly Update

Consumer Discretionary - Vedant Fashions - Riding the wave of demand recovery - Q2FY25 Update - Buy - TP: INR 1,610 - Upside: 20% (Author: Prerna Jhunjhunwala)

Prerna Jhunjhunwala
31-10-2024

Stinger

Elara Stinger: Centre can deduct outstanding payments from states getting benefits of PM e-bus - Economics: US Elections - Monthly Upd: Cement - Company Upd: Paradeep Phosphates (INR 129) - Q2 Result: TP/Rating chg: Marico (Buy 752); Arvind (Buy 494)

Elara Global Research
30-10-2024

Conference Call

Earnings Conference Call - SJVN Limited - Tuesday, 5 November, 2024 - Time: 04.30 PM IST

Rupesh Sankhe
30-10-2024

Quarterly Update

Pipes - APL Apollo Tubes - Inventory loss drags margin - Q2FY25 Update - Accumulate - TP: INR 1,682 - Upside: 11% (Author: Ravi Sodah)

Ravi Sodah
30-10-2024

Quarterly Update

Oil & Gas - Indraprastha Gas - Volume visibility amid drop in margin - Q2FY25 Update - Accumulate - TP: INR 466 - Upside: 11% (Author: Gagan Dixit)

Gagan Dixit
30-10-2024

Quarterly Update

Diversified Financials - LIC Housing Finance - Risk-reward favorable - Q2FY25 Update - Buy - TP: INR 821 - Upside: 28% (Author: Shweta Daptardar)

Shweta Daptardar
30-10-2024

Quarterly Update

FMCG - Marico - Strong pricing power with improving volumes - Q2FY25 Update - Buy - TP: INR 752 - Upside: 20% (Author: Amit Purohit)

Amit Purohit
30-10-2024

Company Update

Fertilizers & Agricultural Chemicals - Paradeep Phosphates - PARADEEP + MCFL, game-changing merger - Company Update - Buy - TP: INR 129 - Upside: 36% (Author: Prashant Biyani)

Prashant Biyani
30-10-2024

Diet Report

Diet Report – Real Estate – Prestige Estate Projects - H2 geared for fireworks (Author: Rahul Jain)

Rahul Jain, CFA
30-10-2024

Quarterly Update

Diversified Financials - SBI Cards and Payment Services - Profitability metrics hit rock-bottom - Q2FY25 Update - Reduce - TP: INR 719 - Upside: 5% (Author: Shweta Daptardar)

Shweta Daptardar
30-10-2024

Quarterly Update

Healthcare - Shalby – Tough times – Q2FY25 Update – Accumulate - TP INR 270 - Upside: 11% (Author: Dr Bino Pathiparampil)

Dr Bino Pathiparampil
30-10-2024

Quarterly Update

Chemicals - Sudarshan Chemical - Strong recovery in exports demand - Q2FY25 Update - Buy - TP: INR 1,186 - Upside: 24% (Author: Gagan Dixit)

Gagan Dixit
30-10-2024

Quarterly Update

Diversified Financials - HUDCO - Confluence of macros & fundamentals - Q2FY25 Update - Buy - TP: INR 361 - Upside: 67% (Author: Shweta Daptardar)

Shweta Daptardar
30-10-2024

Stinger

Elara Stinger: PM Narendra Modi to launch health projects worth INR 128.50bn - Q2 Result: TP/Rating chg: Bharat Electronics (Buy, 345); PNB (Accumulate, 113); Sapphire Foods (Accumulate, 390); TV Today (Accumulate, 230); Sun Pharma (Reduce); REC (Buy)

Elara Global Research
29-10-2024

Economics

Economics - US Elections - The Known-Unknown (Author: Garima Kapoor)

Garima Kapoor
29-10-2024

Monthly Product

Cement - Stagnant pricing trend - Monthly Update (Author: Ravi Sodah)

Ravi Sodah
29-10-2024

Quarterly Update

Textiles - Arvind - Poised for growth momentum - Q2FY25 Update - Buy - TP: INR 494 - Upside: 37% (Author: Prerna Jhunjhunwala)

Prerna Jhunjhunwala
29-10-2024

Quarterly Update

Capital Goods - Bharat Electronics - Margins surge on mix, FY25 guidance retained - Q2FY25 Update - Buy - TP: INR 345 - Upside: 27% (Author: Harshit Kapadia)

Harshit Kapadia
29-10-2024

Quarterly Update

Oil & Gas - Bharat Petroleum - Inventory and LPG loss hit earnings - Q2FY25 Update - BUY - TP: INR 386 - Upside: 24% (Author: Gagan Dixit)

Gagan Dixit
29-10-2024

Quarterly Update

Pharmaceuticals - Cipla - Some risks play out - Q2FY25 Update - Reduce - TP: INR 1,507 - Upside: 2% (Author: Dr Bino Pathiparampil)

Dr Bino Pathiparampil
29-10-2024

Quarterly Update

Banking & Financials - Federal Bank - Steady quarter amidst susceptible environment - Q2FY25 Update - Buy - TP: INR 240 - Upside: 28% (Author: Prakhar Agarwal)

Prakhar Agarwal
29-10-2024

Quarterly Update

Oil & Gas - Indian Oil Corporation - LPG loss offsets strong marketing margin - Q2FY25 Update - Buy - TP: INR 210 - Upside: 43% (Author: Gagan Dixit)

Gagan Dixit
29-10-2024

Quarterly Update

Cement - JK Cement - Margin hit by maintenance shut-down - Q2FY25 Update - Accumulate - TP: INR 4,720 - Upside: 8% (Author: Ravi Sodah)

Ravi Sodah
29-10-2024

Quarterly Update

Automobiles – Maruti Suzuki - Commodity pressure drags down margin – Q2FY25 Update - Accumulate - TP INR 13,368 - Upside: 21% (Author: Jay Kale)

Jay Kale CFA
29-10-2024

Quarterly Update

Industrial - Praj Industries - Estimates missed; eyeing pick-up from H2 - Q2FY25 Update - Accumulate - TP: INR 802 - Upside: 14% (Author: Ankita Shah)

Ankita Shah
29-10-2024

Quarterly Update

Banking & Financials - Punjab National Bank - Progressing well, recoveries led to PAT beat - Q2FY25 Update - Accumulate - TP: INR 113 - Upside: 14% (Author: Prakhar Agarwal)

Prakhar Agarwal
29-10-2024

Quarterly Update

Building Materials - Somany Ceramics - Expect better H2 - Q2FY25 Update - Accumulate - TP: INR 737 - Upside: 13% (Author: Amit Purohit)

Amit Purohit
29-10-2024

Quarterly Update

Fertilizers & Agricultural Chemicals - Sumitomo Chemical - Capacity expansion to drive growth - Q2FY25 Update - Accumulate - TP: INR 600 - Upside: 8% (Author: Prashant Biyani)

Prashant Biyani
29-10-2024

Quarterly Update

Pharmaceuticals - Sun Pharmaceuticals - Valuation stretched - Q2FY25 Update - Reduce - TP: INR 1,871 - Downside: 2% (Author: Dr Bino Pathiparampil)

Dr Bino Pathiparampil
29-10-2024

Quarterly Update

Media & Entertainment - TV Today Network - Election base waning away - Q2FY25 Update - Accumulate - TP: INR 230 - Upside: 19% (Author: Karan Taurani)

Karan Taurani
29-10-2024

Quarterly Update

Consumer Discretionary - Sapphire Foods - Pressure intensifies further - Q2FY25 Update - Accumulate - TP: INR 390 - Upside: 14% (Author: Karan Taurani)

Karan Taurani
29-10-2024

Quarterly Update

Consumer Discretionary – Restaurant Brands Asia - SSSG deteriorates after a long time – Q2FY25 Update - Accumulate - TP INR 110 - Upside: 16% (Author: Karan Taurani)

Karan Taurani
29-10-2024

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