Thu, Feb 15, 2024 10:28 AM
HPL Electric & Power: This multibagger stock locked in 10% upper circuit!
A Flip by Shubhangi Gupta
Emkay Global Financial's research report on Oil India. Oil India clocked Q2FY25 SA EBITDA of Rs21.8bn – an 11% miss, mainly due to higher provisions and lower-than-expected output. The SA PAT miss, however, was lower at 6% on higher Other Income and lower ETR. Crude production rose 5% YoY to 0.88mmt (2% miss), while gas was 3% below estimate at 0.80bcm (down 1% YoY on customer offtake issues).
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Drugmaker Abbott India reported a rise in second-quarter profit on November 7, helped by strong demand for its gastrointestinal and anti-infective medications. The company, which makes the antacid Digene, reported a profit of 3.59 billion rupees ($42.6 million) for the quarter ended Sept. 30, up nearly 15 percent from last year. Revenue from operations climbed 9.3 percent to 16.33 billion rupees.
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JK Tyre's Q2 results were negatively impacted by a 16% sales decline in Mexico and 10% currency depreciation, but the outlook is improving due to expected growth in domestic MHCVs, softer rubber prices, and pricing action. The company's profitability is expected to recover from Q4FY25E onwards, and Emkay Global Financial retains a BUY rating with a revised target price of Rs 650.
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