Re: {LONGTERMINVESTORS} Research Reports extracts & summaries - Thread

 

Special Reports

Re-initiating Coverage

Dr Reddy's Laboratories: Unfavorable risk/reward

l Sharp 20% rally in the past month, but pressure points emerge  l Allocation to proprietary products rises; return profile uncertain l Re-initiate with REDUCE and target price of Rs3,100/share

Daily Alerts

Results

IndusInd Bank: Strong growth trend continues

l Operational performance remains strong l Recovery in retail business continues to provide comfort on near-term outlook l Valuations on the higher side, but strong growth and return ratios lead to our positive view

Sector alerts

Cement: 1QFY17E - positive on most counts

l All-India cement prices increase by Rs14/bag qoq led by sharp improvement in north, central regions l Volume growth moderates to 3.9% yoy in April - May 2016 from 11.6% in 4QFY16 l Lower production cost with improved prices will allow better profitability l Recommend regional players with North exposure over pan-India plays

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