Analysts said Manappuram s June quarter numbers were weak, with its gold loan book falling 13.3 per cent sequentially. They are worried about Manappurams aggressive auctioning policy of late, even as the last 12-15 months have been an exceptional period for small businesses.
“The Mindtree story is one of revenue growth from here on, and we are giving it the benefit of the doubt for FY22 on the back of three strong consecutive quarters (5 per cent plus QoQ growth) and its ‘guidance’ on the continuation of this momentum in the near term. Remember, the Q1 order flow was the highest ever. We have been generous in building 21 per cent organic dollar revenue growth for FY22 and 13 per cent for FY23,” said Nirmal Bang Institutional Equities.
That said, the 150 per cent stock returns in the last 12 months largely capture the improvement in earnings,” it said. That was driven by an extraordinary margin expansion, albeit from bombed-out levels, the brokerage said and suggesting a price target of Rs 2,316 on the stock.
Infosys gains ahead of Q1 results Here s what analysts said indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Desi tyre maker in a fast lane, but analysts see many bad patches where it can skid
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Desi tyre maker in a fast lane, but analysts see many bad patches where it can skidBy
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Some analysts are still upbeat in their long-term outlook for the stock and project up to 59 per cent rise in a year’s time.
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NEW DELHI: Good quarterly numbers alone aren’t earning you a re-rating on Dalal Street. Analysts are more focused on the headwinds appearing on the horizon before upgrading a stock.
Apollo Tyres is one case, where despite solid March quarter numbers, which were above consensus estimates in terms of both revenues and margins, the stock is struggling to get a secular rerating.
Yes Bank shares slipped over 13 per cent in Monday s session after the private sector lender reported widening of losses during the quarter ended March 2021. The private sector lender s standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago. The lender posted a net profit of Rs 148 crore in the December quarter. Following this development, the scrip hit an intra-day low of Rs 12.60 on the BSE. Later, it recouped some losses and was trading 4.26 per cent down at Rs 13.93 around 9.45 am. At the same time, the S&P BSE Sensex was down 0.69 per cent.