Britannia Industries saw a stark y-o-y improvement in the OPM in the range of 400-600 bps driven by better revenue mix and operating efficiencies

Colgate-Palmolive (India), incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 39519.51 Crore) operating in FMCG sector.

The company’s performance would see a revival with improvement in the rural demand.

Promoters held 38.04 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.31 per cent, DIIs 18.62 per cent.

Lumax Auto Technologies, incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 1810.27 Crore) operating in Auto Ancillaries sector.

Cipla, incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 77566.07 Crore) operating in Pharmaceuticals sector.

The brokerage has revised downwards its earnings estimates by 1%/3%/4% for FY2023E/24E/25E to factor in lower-than-earlier expected sales volumes and OPM.

The down trend seems to be over in the stock price.The daily RSI shows positive indication.

Promoters held 84.83 per cent stake in the company as of 31-Dec-2022, while FIIs owned 3.29 per cent, DIIs 0.26 per cent.

The current chart pattern indicates an upside break-out of the down sloping trend line at Rs 2,090 levels.

ABB India, incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 67341.30 Crore) operating in Engineering sector.

The RSI is highly in the oversold zone with gradual improvement witnessed and has immense upside potential from here on.

The brokerage has reduced its valuation multiple to 0.8x (from 0.9x) on decline in FY24E ROE due to increase in equity base on one-off gains.

The brokerage maintains its cautious outlook on the 2W domestic market and overall export market in the next few quarters (which forms 44% of Minda’s revenue share by end market segment).

With capacity expansion in high growth regions like east & central, the brokerage expects strong growth momentum, going forward

Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 55600.54 Crore) operating in Auto Ancillaries sector.

The brokerage now downgrades the stock from BUY to HOLD amid lack of clarity on the company’s strategic intent behind this investment in Pricol and b/s risk in case of any potential acquisition.

Gulf Oil Lubricants India, incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 2161.65 Crore) operating in Petrochemicals sector.

Ipca Laboratories, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 20944.55 Crore) operating in Pharmaceuticals sector.

The brokerage believes the company will register a healthy operating cashflow of Rs 63bn/year over FY23-25E, to support debt reduction going ahead.