Infosys Review:-
J.P.M.
OW, TP cut to 1700 rupees
While headlines remain unimpressive, support for cost reduction agreements, cyclical recovery track record, and split/repurchase yields remains strong
CLSA
Operating profit, TP reduced to 1553 rupees
Weaknesses across major industries
EPS forecast for 25/26CL period reduced by 4%
jeffries
Buy, TP reduced to Rs.1630
I missed the test in the 4th quarter.
Reduce estimates by 7-8% to account for mistakes
The strong deal win provides reassurance to our forecast of 9% EPS CAGR from FY24 to FY27.
city
Neutral, TP reduced to 1550 rupees
FY2025/26 EPS forecasts each reduced by 3%
Buy on the spur of the moment (1350 rupee level)
Nomura
Neutral, TP Rs 1400
Outlook for FY25 is weaker than expected
No sign of discretionary demand revival
Reduce EPS by 2-3% for FY25-26
bajaj auto review
J.P.M.
OW, TP increased by 10000
The fourth quarter exceeded expectations by 5%.
Management comments remain active in Q4
Improve EPS by 5-6% for FY25-26
jeffries
TP increases to 10,500 Rupees when purchased.
4Q EBITDA and PAT up 34-35% YoY, inline
Increase EPS by 4% in FY25-26
bernstein
OP, TP 10300
Margin and volume strength emerge as key drivers to win on all fronts
Management remains bullish on domestic business and EV outlook
CLSA
Sell, TP rises to 6889 rupees
I think stk is overvalued after the recent rally.
city
When sold, TP increases to 6500 Rupees.
Exceeded expectations in 4Q, supported by better-than-expected results
Focus on gaining market share in bikes over 125cc by introducing new models
HDFC Life Review
HSBC
Once purchased, TP drops to Rs 750
VNB margin in the fourth quarter was lower than expected due to changes in product mix and increased competitive pressures
VNB margin estimates reduced by c110/70/70bp for 2025-27
Nomura
If you buy, TP will be reduced from 740 rupees to 680 rupees.
Inline growth.Margin is a little weak
Trade-offs between growth and margins intensify
For FY25, management directed APE’s growth rate to be at least in line with its private sector peers at approximately 12-15%.
M.S.
OW, TP reduced from Rs 780 to Rs 745
VNB’s margins were lower than our expectations primarily due to product mix.
FY25 guidance was healthy but relatively conservative compared to previous years.Given this background, we have lowered our forecasts.
jeffries
If you buy it, TP will be reduced from 800 rupees to 750 rupees.
VNB estimate reduced by 4-5%
