External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

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Equity Bottom-Up

Bharti Airtel Limited, a part of Bharti Enterprises, provides telecommunications services throughout India. The Company provides GSM Mobile Services, broadband, fixed line telephone services, long distance services (international & national) and enterprise services.

<ul><li>Bharti Airtel has announced a tariff hike of 10-20% across its various plans, effective from 3rd July, 2024.</li><li>This move follows a similar increase by its major competitor, Reliance Jio, and is aimed at bolstering revenue and sustaining the company's investments in network expansion and quality improvement.</li><li>Factoring in this hike, we estimate ARPU change of 13%/14% to Rs 236/269 for FY25/26E.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel has announced a tariff hike of 10-20% across its various plans, effective from 3rd July, 2024.This move follows a similar increase by its major competitor, Reliance Jio, and is aimed at bolstering revenue and sustaining the company's investments in network expansion and quality improvement.Factoring in this hike, we estimate ARPU change of 13%/14% to Rs 236/269 for FY25/26E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements Limited manufactures cement in India. The Company owns specially designed ships and terminals for bulk transportation of its products. Ambuja Cement sells most of its products domestically, but also has a subsidiary that markets the Group's items in Sri Lanka.

<ul><li>Prabhudas Lilladher's research report on Ambuja Cement Ambuja Cement (ACEM) is set to acquire 100% shares of South based unlisted Penna Cement Industries Ltd (PCIL) at an EV of Rs104.2bn.</li><li>Incorporated in 1991, PCIL has 10mtpa operational cement capacity in Andhra Pradesh (5.8mtpa IU), Telangana (3.2mtpa IU) and Maharashtra (1mtpa GU) along with 7.3mtpa clinker capacity.</li><li>It also has 2mtpa under construction capacities at AP and Jodhpur each along with 3mtpa clinker capacity which can be commissioned over next 6-12 months.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prabhudas Lilladher's research report on Ambuja Cement Ambuja Cement (ACEM) is set to acquire 100% shares of South based unlisted Penna Cement Industries Ltd (PCIL) at an EV of Rs104.2bn.Incorporated in 1991, PCIL has 10mtpa operational cement capacity in Andhra Pradesh (5.8mtpa IU), Telangana (3.2mtpa IU) and Maharashtra (1mtpa GU) along with 7.3mtpa clinker capacity.It also has 2mtpa under construction capacities at AP and Jodhpur each along with 3mtpa clinker capacity which can be commissioned over next 6-12 months.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cement - Penna to Improve Southern Exposure

Mahindra & Mahindra Ltd. manufactures automobiles, farm equipment and automotive components. The Company's automobile products include light, medium and heavy commercial vehicles, jeep type vehicles and passenger cars. Mahindra & Mahindra also manufactures agricultural tractors, agricultural implements, internal combustion engines, industrial petrol engines, spare parts and machine tools.

<ul><li>We attended the annual analyst meet of M&amp;M where the company gave a detailed overview of its Automotive and Farm business verticals as well as its subsidiary.</li><li>M&amp;M outlined a strong outlook for the Automotive and Farm divisions led by new launches.</li><li>With its new launches receiving healthy response, we believe it will deliver mid-high teens growth in the UVs in FY25. The launch of OJA series tractors has been well received in the domestic as well as international markets.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We attended the annual analyst meet of M&amp;M where the company gave a detailed overview of its Automotive and Farm business verticals as well as its subsidiary.M&amp;M outlined a strong outlook for the Automotive and Farm divisions led by new launches.With its new launches receiving healthy response, we believe it will deliver mid-high teens growth in the UVs in FY25. The launch of OJA series tractors has been well received in the domestic as well as international markets.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra & Mahindra - Robust Auto & Farm Portfolios to Drive Growth

Krishna Institute of Medical Sciences / Equity Bottom-Up

Krishna Institute of Medical Sciences Limited provides hospital services. The Hospital offers medical and surgical, renal and cardiac sciences, oncology, orthopaedics, organ transplantation, neurosciences, and other health care services. Krishna Institute of Medical Sciences serves patients in India.

Krishna Institute of Medical Sciences (KIMS IN)

<ul><li>Prabhudas Lilladher's research report onKrishna Institute of Medical Sciences We hosted Dr.</li><li>Abhinay Bollineni, CEO of Krishna Institute of Medical Sciences (KIMS), for 2 days NDR at Mumbai.</li><li>The management indicated that KIMS will continue to grow at double digits with Sunshine and Nagpur units driving growth in the near term.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prabhudas Lilladher's research report onKrishna Institute of Medical Sciences We hosted Dr.Abhinay Bollineni, CEO of Krishna Institute of Medical Sciences (KIMS), for 2 days NDR at Mumbai.The management indicated that KIMS will continue to grow at double digits with Sunshine and Nagpur units driving growth in the near term.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Krishna Institute of Medical Sciences - Growth to Improve

Tata Motors Limited manufactures cars and commercial automotive vehicles. The Company designs, manufactures, and sells heavy, medium, and small commercial vehicles including trucks, tankers, vans, buses, ambulances and minibuses. Tata also manufactures small cars and sports utility vehicles.

<ul><li>We attended Tata Motors' annual analyst meet where the company gave a detailed overview of its Commercial Vehicle (CV), Passenger Vehicle (PV) and Electric Vehicle (EV) businesses and its growth outlook.</li><li>It aims to be net automotive debt free for the consolidated business by FY25E.</li><li>The company believes the proposed demerger of CV business will help improve its management and focus.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We attended Tata Motors' annual analyst meet where the company gave a detailed overview of its Commercial Vehicle (CV), Passenger Vehicle (PV) and Electric Vehicle (EV) businesses and its growth outlook.It aims to be net automotive debt free for the consolidated business by FY25E.The company believes the proposed demerger of CV business will help improve its management and focus.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tata Motors (TTMT IN) - Steady Growth Outlook Across Business Verticals