CLSA on Renewables Backed by its powerful green energy sources, country has made bold call that it will achieve net-zero emissions by 2070 Recommend BUYs NHPC (TP Rs 51) & SJVN (TP Rs 42) Other renewable energy eco-system plays NTPC(TP Rs 188),Power Grid(TP Rs 250)

Jefferies on RIL Buy, TP raised to Rs 3080 RIL’s green hydrogen foray is part of its Net Carbon Zero target by 2035 RIL’s strong b/s & backward integration puts it in driver’s seat in $74bn opportunity. RIL’s hydrogen biz is worth US$ 8bn (Rs 100/sh)

Jefferies on SBI Buy, TP raised to Rs 700, earnings by 3-5% Upgrade to factor in better credit growth & improved growth overseas Even as NIMs may be range-bound, healthy credit growth & low credit costs will support earnings & ROA improvement

SHILPA MEDICARE Co receives CDSCO approval for a spray to reduce or stop bleeding during accident or injury They also speak about the path to unlock value in API biz through Strategic investment/IPO Biologics – Adalimumab – to start generating revenue Shilpa Medicare receives CDSCO nod for a Tranexamic acid spray to treat injuries. MD […]

Business Outlook | National Logistics Policy will do a lot for the co, Gateway Distriparks CMD Prem Kishan Gupta tells. Adds that combined spending on logistics infrastructure, rail, road, sea & air will aid industry. Business Outlook | National Logistics Policy will do a lot for the co, Gateway Distriparks CMD Prem Kishan Gupta tells […]

Annapurna Swadisht Ltd IPO Closed Sep 19, 2022 Shares will list on the SME platform of National Stock Exchange Shankar Sharma has 1.03% stake in the company, Reserved shares in this IPO, 50% for QIB and 15% for NII, and 35% for the retail

JEFFERIES ON NAZARA TECH Maintain BUY , Target upped Rs 860/share Growth outlook for Nodwin and Sportskeeda remains strong RMG remains an attractive market Nazara is unlikely to make a big play before regulatory clarity emerges Raise estimates by 5-13%

Jefferies on Can Fin Homes Rating BUY with TP 730 They Believe ?Resignation is a setback ?Uncertainty around management change would be an overhang near term ?External CEO from the industry may be viewed more favorably vs. CEO deputed from Canara Bank

Macquarie on ACC & Ambuja Upgrade to Out Perform $2.5bn fund infusion & plans to double capacity will see Ambuja’s growth profile re-rate Raise CY22E & CY23E EBITDA for Ambuja by 5% & 6% & for ACC by 4% and 7% Ambuja – TP Rs 580 & ACC – TP Rs 2985

Jefferies on Can Fin Homes Buy, TP Rs 730 Mr Kousgi’s resignation a setback as co delivered healthy balance of growth & good asset quality despite Covid during his tenure Await clarity around new CEO; Uncertainty would be an overhang near term, core fundamentals healthy