Outperform, Target Price Rs 4150
2Q beat on EBIT margin, PAT; revenue misses
Puts to bed concerns that margin issue could become structural
Continue to prefer TCS to Infosys (both OP)
AXSB is on track to deliver steady performance of 14-15% RoE over the next couple of years. Enhanced productivity and gradual exercising of pricing power in chosen segments could drive sustained medium-term RoEs & same P/E multiple of ICICIB. Buy for TP of Rs 1195 (35% gain) Download research report
Defense stocks have given formidable returns of upto 200% on a YoY basis. Experts say there is more steam left in the sector on the back of robust order books and improving earnings quality. They have recommended the preferred stocks to buy, hold or sell Download research report
Nifty Prediction for Dec: FIIS long to short ratio in the Index Futures is 3.28 which shows aggressive Long build up by FIIS in Index Futures. Put writing at 18000 levels is aggressive. Stock Futures’ Open Interest is lower. Stay Bullish for target of 19100 Download research report
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