Jefferies on Telecom In Q1FY25, Sector Revenue Growth Moderated To 7% YoY Bharti/Jio Revenues In Q1 Up 9-10.5% YoY Respectively Bharti/Jio Gained 35 bps/70 bps Market Share In Q1FY25 Voda Idea’s Market Share Declined To An All-time Low, With Market Share Loss In 16/22 Circles Mkt

Citi on Vedanta Buy Call, Target Rs 430 Co Announced 3rd Interim Dividend Of Rs 20/Sh Total Outflow On Account Of Dividend Would Be Rs 7,800 Cr (Promoters Own 56.4%) Co’s Net Debt Excluding HZL Was Rs 61,000 Cr As Of Jun’24 Post Jun’24, Vedanta Has Raised Nearly Rs 8,500 Cr On

Citi on Tech Mah Sell Call, Target Rs 1,260 Growth Is Still Difficult In The Current Environment BFSI Is Improving But It Is Slow & Gradual There Are 10-15 Actions In Play To Drive Margin Focus Is On Costs To Drive Margins Initially Followed By Pyramid Optimisation Some Part Of

सुप्रभातम.

Global-Market Insights 1/n -Significant sell-off in US markets at the beginning of September -Dow -1.51%, S&P500 -2.12%, Nasdaq -3.26%, Russell2K -3.09% -9 out of 11 S&P500 sectors fell, led by declines in technology, energy, communication services and materials

#TOP10 #StocksInFocus 1-BPCL/IOC/HPCL/CPCL Crude oil fell 5% 2-ONGC/OIL Crude oil fell 5% 3-INTERGLOBE/SPICEJET Crude oil fell 5% 4-BHARAT FORGE/BEL Future Ready Combat Vehicles (FRCVs) Procurement Air Defence Fire Control Radars Procurement 5-THERMAX HSBC report, Reduce Call,

Antique On Defence Cos Maintain Buy Call On HAL, BEL, Bharat Dynamics, Mazagaon Dock & Garden Reach Approval To Proposals Worth Rs 1.44 Lk Cr Should Be Feasible Most Of The Announced Proposals Are To Be Sourced From Domestic Industry This Is A Tremendous Opportunity For Indian

MS on Chemicals Downgrade Aarti Ind To Underweight Call, Target Cut To Rs 568 From 613 Upgrade PI Ind To Equal-Weight Call, Target Raised To Rs 4,300 From 3,350 Prefer Deepak Nitrite With Overweight Call, Target Raised To Rs 3,295 From 2,975 Monetisation Remains In Play, Albeit

HSBC on Thermax Reduce Call, Target Rs 2,400 Underlying Demand Remains Strong But Growth Tapering Down Difficult To Justify Valuation At Current Level Current Share Price Factoring In 8.5% Terminal Growth, But Not Cyclical Risks Stock Currently Trades At 48x 12 m Fwd Consensus

MS on GSPL Equal-Weight Call, Target Raised To Rs 452 Restructuring Of GPSC Grp Removes Co’s Holdco Discount From Its Ownership In Gujarat Gas Move Rating & Price Target In-line With Guj Gas As Restructuring Is Expected To Be Done By Aug’25 CNBC-AWAAZ

Jefferies on Industrials Top Picks – Siemens, HAL And L&T Q1 Order Flow Declined 3% YoY Led By Defence Cos Bharat Electronics & Data Patterns Bharat Electronics & Data Patterns Saw Sharp Declines In Order Flow May’24 National Elections Did Have An Impact On Order Flow Believe

Jefferies on Pipe Cos Buy Call On Supreme Ind, Target Rs 6,520 Hold Call On Astral, Target Rs 2,115 In 6 Months, Supreme Ind Has Rallied By +26%, Whereas Astral Declined By 7% Supreme Ind’s Pipe Volume Growth Has Outpaced Astral For Last 10 Quarters Supreme Ind’s 2-Yr Volume CAGR

Global-Market Insights -Global markets are still not positive, US markets closed flat to negative -Economic data shows demand is slowing, rate cut on cards -Brent crude oil slips further as demand is lower -OPEC+ is considering production status CNBC-AWAAZ I am on leave today