Here‘s a list of ten 10 stocks that are in focus today on the back of their quarterly earnings that came over the weekend and other major developments.
Here’s a list of ten 10 stocks that are in focus today on the back of their quarterly earnings that came over the weekend and other major developments.
Petronet LNG’s Q4 FY15 earnings were below expectation. The total sales (RD) were 31 percent at Rs 7,161.7 crore versus Rs 10,427.8 crore year-on-year (YoY).
The company reported an EBITDA (RD) of 43 percent at Rs 2,21.4 crore versus Rs 386.6 crore YoY. The profit after tax (GU) was 78 percent at Rs 300.7 crore versus Rs 169.3 crore.
Religare recommends selling the stock as Q4 volume is grim with weak visibility. The brokerage sets a target price of Rs 151/share.
Macquarie cuts the target price by 11 percent to Rs 142/share.
Sun Pharma’s weightage in FTSE increased from 37 percent to 46 percent post Daiichi stake sale of 8.9 percent stake last week. The change will be effective from May 5.
Siemens reported better-than-expected Q2 earnings. The total income (RD) was at 2 percent to Rs 2,653 crore versus Rs 2,706 crore YoY. The EBITDA (GU) came in at 34.3 percent to Rs 250 crore versus Rs 186 crore YoY. The company reported operating profit margin at 9.4 percent versus 6.9 percent YoY.
JPMorgan maintains underweight rating on the stock. Adjusted PAT for March ahead of consensus estimates.
Ultratech Cement reported EBITDA/tonne of over Rs 1,000/tonne, revenue (GU) at Rs 6,213.3 crore versus Rs 5,959 crore (up 4 percent). PAT (RD) at Rs 614.7crore versus Rs 838 crore (down 27 percent).
Goldman Sachs has maintained a neutral rating on the stock with a target price of Rs 3,200/share.
Barclays is overweight with target price of Rs 3,447/share.
Alleging fund diversion to Kingfisher and other UB group entities, Diageo-owned United Spirits asked its erstwhile promoter and current Chairman Vijay Mallya to quit the board - even as the liquor baron outright rejected the demand and the charge.
Soc Generale view on USL: While the opportunities offered by India’s changing demographics are significant, the list of Diageo’s issues stretches from new entrants (recently Tamil Nadu issued fresh licences, while Odisha is promoting local companies to produce alcohol) and the risk of vertical integration by suppliers (both ABD and Radico Khaitan evolved through this route) to being subject to ad hoc government regulatory changes, leading to delays in passing on price increases. These chains of events are going to increase the litigation cost further, at a time when competitors (like Pernod Ricard) are gaining market share. Maintain Sell on UNSP IN (target price Rs 2,000).
The government hinted that media could be one sector that could be looked at for hiking the FDI cap in media. According to FM Arun Jaitley, every global newspaper is on the internet, on the iPad and now on the smartphone. “I am able to read the paper without a physical copy. We are watching foreign news channels via satellites. The sectoral limits do not matter in those areas anymore," he added. DB Corp.
Having reported below-estimate earnings, brokerages are now having mixed view on Infosys.
Kotak recommends adding the stock but cuts target price to Rs 2,250/share from Rs 2,450/share.
Barclays is overweight on the stock but cuts target price to Rs 2,375/share from Rs 2,500/share.
Credit Suisse is neutral on the stock with a target price of 2,100/share from Rs 2,125/share earlier.
Cholamandalam reported good set of Q4 earnings with profit rising due to lower provisions. NIMs improve but still cautious on vehicle financing. Profit (GU) at Rs 135.65 crore versus Rs 90.73 crore (up 50 percent).
Hinduja Ventures reported mixed set of Q4 earnings with consolidate total income (RD) at Rs 22.45 crore versus Rs 25 crore (down 10 percent). Consolidated net profit at Rs 18.3 crore versus Rs 0.2 crore/
Sequent Scientific reported good Q4 earnings with consolidate total income at Rs 132.9 crore versus Rs 106.6 crore YoY. EBITDA at Rs 19.5 crore versus loss of Rs 8.5 crore.