Mirae Asset Sharekhan

#SharekhanResearch maintains Buy on #CESC with 12 months PT of Rs105; FY26E P/BV of 0.8x attractive & offers healthy div. yield of ~5%; plan to invt. In RE generation a right step; healthy Q2 PAT growth on strg. performance from subsidiaries https://t.co/Q9OkXssHb5 #SharekhanResearch #CESC

#SharekhanResearch retains Buy on #TataPower with 12 mths PT of Rs285; well-planned strategy to shift towards RE & targets 4x rise in PAT over FY22-27E & RoE to 13%; starts module production; healthy Q2 PAT growth of 9% led by RE biz/Odisha discoms https://t.co/Q9OkXssHb5 #SharekhanResearch #TataPower

#SharekhanResearch retains Buy on Balrampur Chini with PT of Rs520; Good Q2; sugar crushing to rise by ~10% in SS23-24; ethanol sales likely to be 28-29cr in FY24; margins to reach ~14% in FY24 #Disclaimer:https://t.co/Q9OkXssHb5 #SharekhanResearch #Disclaimer

#SharekhanResearch retains Buy on Cholamandalam Investment & Finance with price target of Rs. 1,350; strong earnings growth (5% q-o-q) in Q2 supported by healthy margin while disbursements momentum (7% q-o-q) continued to remain robust.#Disclaimer:https://t.co/lwlnPuAoFi #SharekhanResearch #Disclaimer

#SharekhanResearch retains Buy on Titan with PT of Rs3740; Q2 was strong; Jewellery biz to maintain momentum in Q3; mkt improved to 7%; EBIDTA margins to be at 12-13% #Disclaimer:https://t.co/lwlnPuAoFi #SharekhanResearch #Disclaimer

#SharekhanResearch retains Buy on #APLApollo with 12 months PT of Rs2000; cpty. expansion & rise in VAP mix to drive high PAT growth; mgt. retained FY26 vol. guid. of 4.6-5mt; aim margin of Rs6k/t; FY26E PE of 22x reasonable; in-line Q2 results https://t.co/Q9OkXssHb5 #SharekhanResearch #APLApollo

#SharekhanResearch maintains Positive view on #JupiterWagons with upside of 25%; healthy order book of ~Rs 5,953 crore gives revenue visibility 1.5 years; Mgmt increasing foundry capacity to meet strong demand from pvt. players & Indian railway. https://t.co/Q9OkXssHb5 #SharekhanResearch #JupiterWagons

#SharekhanResearch retains Buy on Marico with PT of Rs645; Q2 was in-line; Mgmt optimistic abt recovery in vol. growth in H2; Gross margins/OPM to expand by 400/200BPS in FY24; retained medium term guidance of 8-10% vol growth; valn attractive https://t.co/Q9OkXssHb5 #SharekhanResearch

#SharekhanResearch maintains Buy on #NTPC with 12 months PT of Rs270; key beneficiary of thermal capex revival along with strong RE growth outlook; FY25E P/BV of 1.4x attractive & offers 3-4% div. yield; decent Q2 performance https://t.co/Q9OkXssHb5 #SharekhanResearch #NTPC