MS downgrades Apollo Tyres to equal-weight rating, says co is on track to meet its RoCE targets
See 30 percent upside on loan growth, return ratios and valuation re-rating despite disc to peers, forecast 17 percent EPS CAGR FY23-26 & 17.5 percent average RoE for FY24-26: MS on Shriram Finance
MS resume overweight rating on HDFC Bank, says co is trading at 16x 1-yr forward EPS, 20 percent below the 15-year mean
Growth in grey cement sales vol in Q1FY24 likely driven by strong industry demand, while demand has been strong, cement prices have largely been rangebound: Citi on UltraTech Cement
IGLs Volume growth and margin guidance reaffirmed, EVs unlikely to pose a threat over the medium term; Citi says
Average Daily Traded Value (ADTV) is key driver of profit & share price, in June 2023, ADTV was up 12 percent MoM to Rs 58,500 cr led by options: MS on MCX