External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Motilal Oswal's research report onTata Chemicals Tata Chemicals (TTCH)’s 4QFY24 consolidated EBITDA declined 54% YoY, primarily due to a subdued operating performance across ographies with India/US/UK/Kenya reporting 26%/68%/72%/57% decline YoY.</li><li>Outlook We broadly maintain our FY25/FY26 EBITDA estimates and reiterate our Neutral rating with an SoTP-based TP of INR980</li><li>TTCH reported overall revenue of INR34.8b (est. INR35.4b) in 4QFY24, down 21% YoY, due to lower realization YoY across regions.</li></ul><p><em>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.</em></p>

Motilal Oswal's research report onTata Chemicals Tata Chemicals (TTCH)’s 4QFY24 consolidated EBITDA declined 54% YoY, primarily due to a subdued operating performance across ographies with India/US/UK/Kenya reporting 26%/68%/72%/57% decline YoY.Outlook We broadly maintain our FY25/FY26 EBITDA estimates and reiterate our Neutral rating with an SoTP-based TP of INR980TTCH reported overall revenue of INR34.8b (est. INR35.4b) in 4QFY24, down 21% YoY, due to lower realization YoY across regions.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 Chemicals - Operating Performance Hit by Subdued Soda Ash Prices