Latest news with #SoTP-based
Business Upturn
6 days ago
- Business
- Business Upturn
Nuvama Institutional Equities now expects Eternal (Zomato) shares to hit Rs 320 after Q1 results
By Markets Desk Published on July 22, 2025, 08:05 IST Eternal Ltd (Zomato) reported a solid set of numbers for the first quarter of FY26, with revenue soaring 70.4% YoY to ₹7,167 crore, significantly beating consensus estimates of ₹6,620 crore. However, despite the top-line beat, EBITDA margin came in at 1.6%, up 40 basis points sequentially but short of the Street's estimate of 2.7%. Profit after tax stood at ₹25 crore, missing consensus expectations of ₹105 crore. Nuvama noted that the biggest positive surprise came from the Quick Commerce (Blinkit) segment, which reported a 127% YoY surge in gross order value (GOV). The brokerage believes Blinkit's rapid growth is sustainable, driven by inventory-led efficiencies, operating leverage, and the maturation of recently added dark stores. While food delivery saw slower momentum, the company has successfully stemmed the deceleration, and Nuvama remains optimistic about margin expansion going forward. 'We are revising our FY26/FY27 earnings estimates upwards by 1.4% and 8.4%, respectively, as Blinkit gains scale and food delivery stabilises,' Nuvama wrote, maintaining a 'Buy' rating with a revised SoTP-based target price of ₹320, up from ₹290 earlier. Ahmedabad Plane Crash Markets Desk at
Economic Times
13-06-2025
- Automotive
- Economic Times
I-Sec maintains Add on Tata Motors, target price Rs 775
ICICI Securities maintains add call on Tata Motors with an unchanged target price of Rs 775. The current market price of Tata Motors is Rs 729.2. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 261420.64 crore, operating in the Auto sector. ADVERTISEMENT Tata Motors' key products/revenue segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 121012.00 crore, up 4.89% from last quarter Total Income of Rs 115365 crore and down -.36 % from last year same quarter Total Income of Rs 121446.15 crore. The company has reported net profit after tax of Rs 8442.00 crore in the latest quarter. The company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares outstanding. Investment Rationale Tata Motors' domestic volume performance (both PVs and CVs) has been underwhelming (below industry growth) in the recent past. It has taken corrective actions to improve key business metrics (market share and margins) and ICICI Securities expects both these businesses to gradually regain momentum going forward. Tata Motoes, at its Investor Day, reiterated its aspiration of high-teen market share in domestic PVs and its focus on regaining share in SCVs (could be key in achieving its target 40% CV market share). Its aspiration of teen/double-digit EBITDAM for CV/PV biz hinges on its volume growth performance, in the brokerage view. US tariff related uncertainty remains a key monitorable for JLR. ICICI Securities maintains ADD with SoTP-based target price of Rs 775 (unchanged), implying 11x/2x FY27E India/JLR EV/EBITDA. Promoter/FII Holdings Promoters held 42.58 per cent stake in the company as of 31-Mar-2025, while FIIs owned 17.84 per cent, DIIs 16.84 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
13-06-2025
- Automotive
- Time of India
I-Sec maintains Add on Tata Motors, target price Rs 775
ICICI Securities maintains add call on Tata Motors with an unchanged target price of Rs 775. The current market price of Tata Motors is Rs 729.2. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 261420.64 crore, operating in the Auto sector. Tata Motors' key products/revenue segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 121012.00 crore, up 4.89% from last quarter Total Income of Rs 115365 crore and down -.36 % from last year same quarter Total Income of Rs 121446.15 crore. The company has reported net profit after tax of Rs 8442.00 crore in the latest quarter. The company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares outstanding. Investment Rationale Tata Motors' domestic volume performance (both PVs and CVs) has been underwhelming (below industry growth) in the recent past. It has taken corrective actions to improve key business metrics (market share and margins) and ICICI Securities expects both these businesses to gradually regain momentum going forward. Tata Motoes, at its Investor Day, reiterated its aspiration of high-teen market share in domestic PVs and its focus on regaining share in SCVs (could be key in achieving its target 40% CV market share). Its aspiration of teen/double-digit EBITDAM for CV/PV biz hinges on its volume growth performance, in the brokerage view. US tariff related uncertainty remains a key monitorable for JLR. ICICI Securities maintains ADD with SoTP-based target price of Rs 775 (unchanged), implying 11x/2x FY27E India/JLR EV/EBITDA. Promoter/FII Holdings Promoters held 42.58 per cent stake in the company as of 31-Mar-2025, while FIIs owned 17.84 per cent, DIIs 16.84 per cent. ETMarkets WhatsApp channel )
Economic Times
29-05-2025
- Business
- Economic Times
HDFC Securities maintains Reduce call on Sundaram Finance; target price Rs 4,410
HDFC Securities has maintained a Reduce call on Sundaram Finance with a revised target price of Rs 4,410. The current market price of Sundaram Finance is Rs 5,180. Sundaram Finance, incorporated in 1954, is a Large Cap company with a market cap of Rs 57579.58 crore, operating in the NBFC sector. ADVERTISEMENT Sundaram Finance's key products/revenue segments include Interest, Dividend, Fees & Commission Income, Lease Rentals, Income From Sale Of Share & Securities, Bad Debts Recovery and Other Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2300.22 crore, up 4.21% from last quarter Total Income of Rs 2207.35 crore and up 6.63% from last year same quarter Total Income of Rs 2157.27 crore. The company has reported net profit after tax of Rs 553.53 crore in the latest quarter. The company's top management includes Mr.S Viji, Mr.R Venkatraman, Fernandes, Balasubramanian, Mr.R Raghuttama Rao, Mr.L Ganesh, Mr.S Mahalingam, Mr.T T Srinivasaraghavan, Ram, Mr.A N Raju, C Lochan, Viji, Rao. Company has B K Khare & Co. as its auditors. As on 31-03-2025, the company has a total of 11 crore shares outstanding. Investment Rationale ADVERTISEMENT Sundaram Finance (SUF) reported a steady set of earnings with sustained reflation in NIMs and muted provisioning (-1bps), offset by lower other income. AUM growth marginally moderated further to +17% YoY (Q3FY25: 19% YoY; FY24: +27% YoY), driven by subdued disbursements (+11% YoY; +9% YoY for FY25) across segments, except cars and CE segments. Disbursement uptick remains a key monitorable as the overall CV and PV cycles remain soft. SUF?s product diversification strategy and interest rate reduction environment are likely to aid further reflation in NIMs. While SUF remains a pristine franchise with steady growth and profitability metrics (core RoE of 19% for FY25), current valuations provide limited upside amidst growth headwinds. HDFC Securities expects moderation in loan growth over FY26-FY27E (16% CAGR vs. 20% CAGR over FY23-FY25). The brokerage has tweaked its FY26E/FY27E earnings estimates for lower cost of funds and maintain a REDUCE rating with a revised SoTP-based target price of Rs 4,410 (standalone entity at 3.4x Mar-27 ABVPS; 17% discount to CIFC). (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
