Godrej Consumer Products
Ventura has recommended hold rating on Godrej Consumer Products (GCPL), in its May 03, 2013 research report. The research firm expects, the company to post robust set of numbers in its domestic business going ahead on the back of new launches and increased A&P spends, continued distribution synergies and its focus in crème format.
During the quarter, GCPL launched a disruptive innovation in HI category (HIT Anti Roach Gel). Moreover, Godrej Consumer Products Ltd (GCPL) has displayed its consistency by clocking double digit revenue growth. We expect GCPL to post robust set of numbers in its domestic business going ahead on the back of new launches and increased A&P spends, continued distribution synergies and its focus in crème format (under hair colours category). In the international business, integration of operations in Africa and Argentina is expected to bring synergies over the next few quarters.
Gujarat Pipavav Port
GEPL Capital is bullish on Gujarat Pipavav Port and has recommended buy rating on the stock with a target price of Rs 70 in its May 03, 2013 research report.
"Gujarat Pipavav Port, in Q1CY13, GPPL reported 24 percent y-o-y growth in total revenues to Rs 1,245 mn as compared to Rs 1,004 mn in Q1CY12. Container volumes for the Q1CY13 witnessed a marginal drop of 2 percent y-o-y to 161,000 TEUs as compared to 165,000 TEUs in Q1CY12, however, on sequential basis the volume increased by 3 percen
Angel Broking has maintained a neutral rating on Sanofi India in its April 30, 2013 research report. The research firm expects the net sales to post a 13.3 percent CAGR to Rs 1,917cr and EPS to register a 13.4 percent CAGR to Rs 99.1 over CY201214.
"For 1QCY2013, Sanofi India reported results lower than expectations, both the on top-and bottom-line fronts. Sales grew by 12.5 percent yoy; however the net profit grew by just 10.5 percent yoy, due to lower-than-expected OPM. Sanofi's net sales grew by 12.5 percent yoy to Rs 363cr for 1QCY2013, lower than our estimate of Rs 401cr.
AnandRathi is bullish on IDFC and has recommendation buy rating on the stock with a target price of Rs 198 in its May 02, 2013 research report.
"IDFC's 4QFY13 loan growth was modest (15.7 percent yoy, 4.5 qoq), with approvals and disbursements falling 24 percent and 22 percent respectively. Exposure to the energy and transportation sectors slipped to 65.1 percent (66.1 percent in 4QFY12). Spreads were stable qoq at 2.5 percent, resulting in NII rising 9.9 percent yoy (-2 percent qoq). We expect NII to grow 22.1 percent in FY14 and 26 percent in FY15, led by the sturdy loan pipeline and IDFC's ability to manage spreads efficiently.
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