PRABHUDAS LILLADHER
Titan bets on studded jewellery, premium watches and eyewear to drive growth
Titan’s strong Q2 performance, driven by studded jewellery and premiumisation, is expected to sustain earnings growth, with gold price stability and a prolonged wedding season likely to revive buyer growth.
M&M bets on SUV growth, EV expansion and global aerospace orders to drive earnings
Mahindra & Mahindra has unveiled impressive revenue and profit figures, driven largely by the rising popularity of SUVs and electric vehicles. Looking ahead, the company is set to boost production capacity and launch several new vehicles. In contrast, the tractor sector's growth forecast has been adjusted to flat, influenced by unfavorable monsoon conditions and low water levels in reservoirs.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
BSE shares: Prabhudas Lilladher cuts target price to Rs 4,025 as CAS hits derivatives volumes
Prabhudas Lilladher retained its ‘Buy’ rating on BSE but lowered the target price to Rs 4,025 from Rs 4,850, citing a slowdown in derivatives volumes after the implementation of the Closing Auction Session (CAS). The brokerage also flagged tighter bank-guarantee norms and higher STT as near-term headwinds, while maintaining a positive long-term view on BSE.
Prabhudas Lilladher cuts Nifty target to 27,381, suggests buying on dips for long-term gains
The domestic brokerage values the Nifty at its 15-year average P/E ratio of 19.1x, using a September 2026 EPS estimate of 1,434, to derive a 12-month target of 27,381 (revised from 27,867). In a bullish scenario, the Nifty is valued at a P/E of 20.1x, resulting in a revised bull case target of 28,750, down from the earlier 29,260.
Prabhudas Lilladher initiates coverage on 2 midcap IT stocks with with 6.5% upside potential
Domestic brokerage Prabhudas Lilladher has initiated coverage on Cyient and Persistent Systems, highlighting mid-cap IT companies' premium over large caps. They expect improved sentiment and increased discretionary spending by late FY25 or early FY26 to boost mid-cap IT performance.
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Prabhudas Lilladher PMS unveils AQUA, India's premier quanta-mental adaptive strategy
According to Siddharth Vora, Head of Investment Strategy and Fund Manager – PMS, Prabhudas Lilladher, AQUA leverages the synergies of PL’s equity research capabilities and eight decades of investing wisdom combined with cutting-edge technology and the discipline of quantitative methods to ensure repeatable investment outcomes for sustainable outperformance for our investors
Amisha Vora acquires Prabhudas Lilladher Group
“My mission is to ensure that we at PL continue to work towards converting our client’s savings into wealth. The PL brand has been built on the values of ‘Trust, Transparency, and Ethical Practices. We will continue to build our businesses on these core values of PL, which are ingrained in our DNA,” said Amisha Vora.
Amisha Vora acquires Prabhudas Lilladher Group, now owns 96% stake
“My mission is to ensure that we at PL continue to work towards converting our clients’ savings into wealth. The PL brand has been built on the values of ‘Trust, Transparency and Ethical Practices’. We will continue to build our businesses on these core values of PL, which are ingrained in our DNA,” said Amisha Vora.
Prabhudas Lilladher sees Nifty at 19,066 by June 2023
The brokerage said Indian markets are currently dancing to the tunes of global factors such as crude oil prices, inflation, and fears of a recession due to the hawkish stance of global central banks in their attempt to raise interest rates to control inflation.
Buy Tata Motors, target Rs 490.0 : Prabhudas Lilladher
Buy Tata Motors at a price target of Rs 490.0 and a stop loss at Rs 460.0 from entry point
Accumulate Coal India Ltd., target Rs 320.0 : Prabhudas Lilladher
Prabhudas Lilladher said Q1FY17 earnings were below expectations. It pegged PE at 15.5x FY17 and 14.7x FY18 estimated earnings.
Buy Spicejet Ltd., target Rs 115.0 : Prabhudas Lilladher
Prabhudas Lilladher pegged PE at 6.8x FY17 and 4.9x FY18 estimated earnings. Peer, Jet Airways is trading at 7.72x FY17 estimated earnings
Accumulate Allcargo Logistics Ltd., target Rs 202.0 : Prabhudas Lilladher
Prabhudas Lilladher said the earnings growth of 9% CAGR over FY16-18 leaves little scope for further re-rating.
Buy Hindustan Petroleum Corporation Ltd., target Rs 1344.0 : Prabhudas Lilladher
Prabhudas Lilladher pegged HPCL's PE at 11.8x FY17 and 11.0x FY18 estimated earnings.
Accumulate Kansai Nerolac Paints, target Rs 329: Prabhudas Lilladher
Prabhudas Lilladher is increasing Kansai Nerolac's EBITDA margin estimates for FY17 and FY18 by 40bps and 60bps, respectively, to factor in higher gross margins
Accumulate Eicher Motors Ltd., target Rs 23999: Prabhudas Lilladher
Prabhudas Lilladher upgraded estimates by 10.3% for FY18 and by 7.9% in FY18 to factor in the strong standalone operating performance.
Buy Glenmark Pharmaceuticals, target Rs 1,186: Prabhudas Lilladher
Glenmark's shares have taken a cut of 13 per cent so far this year, but Prabhudas Lilladher believes the company can grow on the back of Research & Development investments.
Prabhudas Lilladher says domestic iron ore supply up, but maintains underweight outlook on steel sector
Prabhudas Lilladher said the fall in ore prices has eroded the advantage Indian steel players enjoyed because of access to cheap iron ore.
Muthoot Finance IPO valuations reasonable: Prabhudas Lilladher
Prabhudas Lilladher is of the view that initial public offering of Muthoot Finance is available at reasonable valuations. It has advised clients to 'Subscribe' to the IPO.
Reliance Industries set to move up gradually: Prabhudas Lilladher
Post the deal with BP, the bottom has been very well formed and RIL will be in a gradual up move.
Shift from Thane to Vapi is a big trigger for Raymond Woollen: Prabhudas Lilladher
Amisha Vora, Joint MD, Prabhudas Lilladher in an interview with ET Now talks about Raymond Woollen.
Look at Indraprastha Gas between 260-275: Prabhudas Lilladher
Amisha Vora, Joint MD, Prabhudas Lilladher in an interview with ET Now talks about Indraprastha Gas.
Prabhudas Lilladher puts 'accumulate' on KPIT Cummins
Prabhudas Lilladher reiterates ‘Accumulate’ rating on KPIT Cummins with a 11% higher target price of Rs 140.
Bombay Rayon likely to be the single largest textile company in India: Dilip Bhat, Prabhudas Lilladher
Dilip Bhat, Joint Managing Director, Prabhudas Lilladher, in a chat with ET Now talks about Bombay Rayon.
United Phosphorous a good stock to buy: Dilip Bhat, Prabhudas Lilladher
Dilip Bhat, Joint Managing Director, Prabhudas Lilladher, in a chat with ET Now talks about United Phosphorous.
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