CITI on Infosys (Investor meet takeaways) Buy, TP Rs 1725 Remains confident on delivering FY23 rev guidance of 14-16%, despite macro challenges Margins will likely be at lower end of guidance band (21- 23%) Demand is still decent in Europe despite macro challenges

Jefferies on Nazara (management meet takeaways) Buy, TP Raised to Rs 860, raise est. by 5-13% Growth outlook for Nodwin & Sportskeeda remains strong Recent price increases in Kiddopia & acquisition of Wildworks will help drive growth in early learning segment

Morgan Stanley on Astral Poly OW, TP Rs 2187 Proposal to levy safeguard duty on PVC resin imports If implemented, it would help: a)in stabilizing PVC prices, b)larger players strengthen their market position PVC is an input for Astral, which would be a beneficiary

CLSA on M&M Fin (Management meet takeaways) Buy, TP Raised to Rs 260 (on roll fwd) Collections healthy; Management expects 2-2.2% credit costs in FY23 Cost of funds impact to be more gradual; expect elevated expense ratio Near-term RoE target is 12%, while medium-term is 15%

Deep Industries….debt free and cash rich…integration of Dolphin offshore will be big trigger…strong focus by Government on Oil & gas sector…good note Deep Industries….debt free and cash rich…integration of Dolphin offshore will be big trigger…strong focus by Government on Oil & gas sector…good note pic.twitter.com/0Dq0L0Qa7x — Darshan Mehta (@darshanvmehta1) September 19, 2022 InCred Equities Oil […]

The National Logistics Policy was unveiled by PM Modi over the weekend Here’s a primer on the opportunity here:

#SharekhanResearch retains Buy on HUL with PT of Rs2,850; leadership position in 80% of portfolio, improving growth outlook & a healthy BS with consistent cash flows makes it a good pick; Levers are in place to achieve double digit earnings growth in medium term #Investment picks

Nomura on Cipla Buy, TP Rs 1195 Goa USFDA inspection: 3 repeat observations As a base case, do not expect inspection outcome to have a material impact on earnings est Have not factored any material contribution from gAbraxane in est, as there are uncertainty over generic approval

Jefferies on Bajaj Fin Hold, TP raised to Rs 8000 from Rs 7300 BAF has a shot at being 1st NBFC to launch credit card, if RBI approves This would enable BAF to take product to deeper markets as against Top-100 towns where it sells cards of RBL Bk/DBS Bk

Kotak Inst Eqt on Schaeffler Downgrade to sell, TP Rs 2600 Co derives 75% of its rev from auto OEM & replacement segments, where expect industry vol to see 7-8% CAGR in medium-term, & with no major content growth drivers, achieving 19% rev CAGR seems challenging Kotak Inst Eqt on Schaeffler Downgrade to sell, TP […]