Confidence seems high, which is reflected in the proposed (cash) 3Y incentive scheme for eligible staff.Weak disclosures, however, leave a lot to imagination.
With >US$18bn m/cap, Trent will likely become more mainstream than in the past.The global investment bank sees merit in following best practices from group firms like Titan and Tata Consumer.Goldman Sachs maintained a sell rating on PNB Housing but raised the target price to Rs 650 from Rs 637 earlier.The company delivered an operational beat.
However, competition-led pressure on profitability continues.The disbursements’ growth was strongly driven by retail disbursements growing at 35%.
The management expects the recovery to continue over the next 4-6 quarters.JPMorgan maintained a neutral rating on KPIT Technologies but raised the target price to Rs 1450 from Rs 1400 earlier.The FY25 growth is likely to decelerate vs acceleration at peers.
Efficiency levels provide scope for margin expansion.
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Brokerage firm Jefferies has a hold rating on Trent , Goldman Sachs maintained a sell rating on PNB Housing , JPMorgan has a neutral stance on KPIT Technologies , and BofA Securities maintained a buy call on UltraTech Cement Jefferies maintained a hold rating on Trent but raised the target price to Rs 4150 from Rs 3500 earlier.The company delivered a strong performance, quite like Tata, but disclosures are quite unlike. Confidence seems high, which is reflected in the proposed (cash) 3Y incentive scheme for eligible staff.Weak disclosures, however, leave a lot to imagination. With >US$18bn m/cap, Trent will likely become more mainstream than in the past.The global investment bank sees merit in following best practices from group firms like Titan and Tata Consumer.Goldman Sachs maintained a sell rating on PNB Housing but raised the target price to Rs 650 from Rs 637 earlier.The company delivered an operational beat. However, competition-led pressure on profitability continues.The disbursements’ growth was strongly driven by retail disbursements growing at 35%. The management expects the recovery to continue over the next 4-6 quarters.JPMorgan maintained a neutral rating on KPIT Technologies but raised the target price to Rs 1450 from Rs 1400 earlier.The FY25 growth is likely to decelerate vs acceleration at peers. The company has a relatively stronger growth that can provide support to the stock.The global investment bank has a neutral rating as valuations already bake in 20% revenue growth that limits any further upside in the stock.BofA Securities maintained a buy rating on UltraTech Cements but raised the target price to Rs 11400 from Rs 10,000 earlier.The March quarter delivered a positive surprise in volumes. Efficiency levels provide scope for margin expansion.
