Wed, Oct 30, 2024 11:07 AM
Apple Wants To See If It Can Build iPhone 17 From Scratch In India: Repo...
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Marico's inline numbers were driven by stable volume growth, positive pricing, and a favorable portfolio mix. Estimates for FY25-27 were cut due to peaked-out margins and sluggishness in Saffola/VAHO sales. The company's strong innovation funnel and diversification plans led to an upgrade to Accumulate with a target price of Rs693.
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Cipla's Q2FY25 EBITDA was in line with estimates, despite muted sales growth in India and the US due to seasonality and supply issues. The company's US sales are expected to dip in Q3, but recover in Q4, driven by key launches and market share gains. The stock is trading at 23x FY26E EPS, with a revised target price of Rs1,615/share and an "Accumulate" rating.
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Multibagger IPO: Motisons Jewellers, listed on BSE and NSE, has delivered remarkable returns to its investors, soaring over 400 per cent in less than a year after its market debut. The stock, which listed at a 98 per cent premium on NSE and 89 per cent premium on BSE in December 2023, has rallied 419.5 per cent to ₹285.75 (previous close) over its IPO price of ₹55.
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