Buy Wipro Ltd For Target Rs.640.00 – Firstcall Research Ltd

SYNOPSIS *  Wipro Ltd. is a leading Information Technology, Consulting & Outsourcing Company that delivers solutions to enable its clients. *  During Q3 FY15, Net profit after taxes, minority interest and share of profit of associates of the company increased to Rs. 21928 mn as compared to Rs. 20147 mn…

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Go Back Buy Wipro Ltd For Target Rs.711.00 – Angel Broking Pvt Ltd

td   Performance Highlights For 3QFY2015, Wipro’s IT services segment reported a revenue of US$1,795.4mn (V/s an expected US$1,793.3mn), up 1.3% qoq, mainly impacted by cross currency fluctuations. In constant currency (CC) terms, revenue grew by 3.7% qoq, during the quarter. At the consolidated level, the company posted a revenue…

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January 2015 Update On Construction & Infrastructure Sector – Emkay Global Financial Services Ltd

eport   In the current month’s update on the infrastructure sector, we have assessed trends in project tenders, project awarding, port data, etc. Key trends observed during the month ■ Total value of tenders issued in Dec2014 stood at Rs439.2 bn (-29.1% YoY) led by weak tendering from the water…

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Oberoi Realty Ltd To Outperformer With a Target Rs.340.00 – IDFC Securities Ltd

Q3FY15 result highlights *  Oberoi Realty’s (Oberoi) consolidated revenues grew by 17% qoq (up 27% yoy) to Rs2.17bn (est., Rs1.97bn) aided by better pre-sales from Exquisite project. Income from rental properties grew by 7% yoy to Rs Rs687m driven by hospitality revenues. Operationally, Q3 was strong with 200% qoq and…

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Hold Hindustan Unilever Ltd For Target Rs.925.00 – Sharekhan

Key points *  HUL’s revenues grew by 8% in Q3FY2015 with the volume in the domestic consumer business growing by just 3% (vs a 5-6% growth in the earlier quarters). The volume growth was lower by 1-2% because of a late arrival of the winter season that affected the sales…

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Neutral On Mindtree Ltd For Target Rs.1,400.00 – IDFC Securities Ltd

Q3FY15 result highlights *  USD revenues grew by 0.4% qoq (~US$148m; ~2% qoq in constant currency), marginally weaker than expectations. Volume declined 1.5% qoq (weak seasonality) while blended pricing was up 2.1% (onsite shift ~60bp; onsite pricing -0.7%; offshore +2.4%). *  The company reported healthy growth in the Retail, CPG…

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Sell Mahindra & Mahindra Financial Services Ltd For Target Rs.250.00 – Kotak Securities Ltd

Q3FY15: No respite from asset quality pains. NII (9.2% YoY) came below our expectations on back of sharp NIM contraction due to interest reversal as asset quality continued to deteriorate. PAT was down 16.9% YoY (Rs.1.36 bn) on back of sharp rise in NPA provisions (~50% YoY) along with subdued…

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Sell Mahindra & Mahindra Financial Services Ltd For Target Rs.250.00 – Kotak Securities Ltd

#Kotak Securities Ltd #NBFC #Mahindra and Mahindra Financial Services Ltd #Broking Firm Views Report   Q3FY15: No respite from asset quality pains. NII (9.2% YoY) came below our expectations on back of sharp NIM contraction due to interest reversal as asset quality continued to deteriorate. PAT was down 16.9% YoY…

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Buy Skipper Ltd For Target Rs.165.00 – Sharekhan

Key points *  Firing on two cylinders: Skipper is in a unique position to exploit the growing opportunities in two lucrative segments: power (transmission tower manufacturing and EPC projects) and water (PVC pipes). It is a leading transmission tower manufacturer in India and ideally placed to gain from the huge…

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