Swiggy: Value Emerging, Upgrade to BUY
Swiggy’s food delivery (FD) print was largely in line (MTUs at 15.1mn vs HSIE’s 15.2mn, gross revenue up 19.7% at INR18.67bn vs HSIE’s INR18.5bn,...
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Navin Fluorine International - Advancing Refrigeration Foray
We retain a BUY on Navin Fluorine International Ltd (NFIL), with a target price of INR 4,797, on the back of (1) earnings visibility, given long...
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HSIE Results Daily: BSE, Kajaria Ceramics
The revenue growth of 9.5% QoQ was led by 35% QoQ increase in options revenue, but was offset by a drop in cash volume (-33% QoQ) and book building...
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HSIE Results Daily: Mahindra & Mahindra, Indian Hotels, CDSL, V-MART Retail
Mahindra & Mahindra’s Q4FY25 standalone EBITDA margin at 14.9% was above our estimate of 14.1% and Bloomberg consensus estimate of 14.0%
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HSIE Results Daily: State Bank of India, Kotak Mahindra Bank, Avenue Supermarts...
SBIN’s earnings missed our estimates on account of elevated opex (INR 16bn) towards performance-linked incentives, partly offset by strong treasury...
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