#INFY #TCS #TECHM
Buy techm @1162 sl 1148 ( 200 quantity) #TECHM
*Tech Mah Review*
Neutral, TP Rs 979
Cut FY23-26E EPS estimates by up to 6% due to lower margins to a/c for 1QFY23
EBIT margin at 11.0% missed GSe est at 11.6% due to which EBIT missed GSe by c.2%.
O-P, TP Rs 1620
Revenue beat; EBIT margin miss of 241bp
Management said they expect to deliver 100-150bp of margin improvement in each of remaining quarters of FY23.
Hold, TP Rs 1070
1Q rev growth of 3.5% QoQ slightly ahead, but margins fell sharply by 220bps QoQ
Deal wins at $ 802m healthy
Margin delivery weak & management commentary of 14% exit margin in FY23 & 14%+ margins in FY24 seems optimistic.
O-P, TP cut to Rs 1210 from Rs 1410
Q1: Good growth. Margin disappoints
Cut FY23 /FY24 EPS estimates to factor in sharp miss in EBIT Margins
Valuations attractive, trading at 15x NTM P/E.
*Tata Steel Review*
O-P, TP Rs 1670
Consol EBITDA beat– EU surprises +vely
While EU EBITDA/ton surprised +vely, as lagged impact of a steel price hike was reflected during qtr, expecting profitability to decline in 2H FY23 given a recent correction of EU steel prices.
OW, TP Rs 1400
Substantial all around beat driven by Europe
While 2Q seasonally weak, 2H should rebound
Upside risks to consensus
Large 1Q beat with Europe EBITDA/t at $365/t
Steel prices bottomed in India & Lower coking coal to drive earnings rebound in 2H.
*Axis BK Review*
Neutral, TP Rs 790
Earnings beat of 14% vis à vis our ests driven by lower credit costs.
Margins, loan and deposit growth and cost ratios lag peers
Lower margins than peers cap ROA upside.
OW, TP Rs 910
F1Q23 PAT 13% above MSe, helped by higher than expected rev
Costs elevated but lower provisions provided offset
Core PPoP 4% above MSe
Retail term deposit growth, however, relatively muted – expect pickup by H2-F23
RoE of 16% by F25 stays.
Neutral, TP cut to Rs 780 from Rs 880
Loan growth disappoints with 1% q/q decline; Retail does better, corporate slower
NIM improvement guidance maintained
ROAs at 1.4% remain 60bps lower vs larger peers, which could remain a drag on vals.
#TECHM #TATASTEEL #AXISBANK
🧚♀Rupee is at life time low.
IT stocks are near 52 weeks low.
Logically, IT stocks should be near life time high due to benefits from depreciating Rupee.
Wait & Watch.
Time to invest in good IT Stocks like :- Mphasis, Coforge, KPIT Tech, Tech Mahindra.👍
PODTIONAL TRADE 3 TO 6 PART BUY TECHMAHINDRA 960 TO 930 ADD MORE 910 TO 890
SL 875 WCBSL TGT 995 1030 1060 1090 1120 1150+++
BUY TECHMAHINDRA 960 TO 930 MADE HIGH 993 1ST TGT DONE PROFIT IS YOURS
PODTIONAL TRADE 3 TO 6 PART BUY HCLTECH 955 TO 935 ADD MORE 910 TO 890
SL 875 WCBSL TGT 995 1030 1060 1090 1120
BUY HCLTECH 955 TO 935 MADE HIGH 993 1ST TGT DONE PROFIT IS YOURS
TECHM BUY JUNE PE 1000 (Intraday)
only Above 26.75
#PFC #COFORGE #HINDALCO #TECHM #APARINDS
#BAJAJAUTO #HINDALCO #INDUSINDBK #ONGC #TECHM
18/05/2022 #Nifty50 BankNifty Levels with #Asianpaint #Techm Views ( தமிழ் & English )
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#TECHM will declare results on May 13, 2022
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Turning bearish to bullish....
Last close 1290 approx
View negate once closes below 1200