Tag: Prabhudas Lilladher

HDFCB has clarified certain aspects relating to merged financials, which are likely to have a mixed impact on the company's performance in the near term. However, the outlook for HDFCB remains positive in the medium to long term, with core earnings growth expected to revive.

Tata Steel is setting up a 3mtpa EAF at its Port Talbot steel making facility in the UK, with a capex of GBP 1.25 billion. The project is expected to be EPS accretive for the company due to various benefits such as reduced cash losses, lower volatility in earnings, and lower energy costs. We maintain a ‘Buy’ rating on Tata Steel at a revised target price of Rs 144.

DABUR is a well-positioned company with a strong track record of growth. The company's medium-term strategy is focused on expanding into new categories, premiumizing the portfolio, and increasing innovation. Analysts believe that these efforts will help DABUR achieve double-digit sales growth and improve profitability.

Sunteck Realty is a leading real estate development company in Mumbai with a proven track record of marketing ultra-luxury projects. The company has a strong portfolio of projects in progress and under development, and we expect its pre-sales to grow by 2x over the next three years. SRIN is likely to generate strong cash flow over the next few years, which will enable it to step up new project additions. We initiate coverage on Sunteck Realty with a "Buy" rating and a DCF-based NAV of Rs565 per share.