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  Nimesh Shah   

@nimeshscnbc

Editor Institutional Equities, CNBC TV18 Journalist for last 15 years

Followers: 58,070

  •   Nimesh Shah   

    @nimeshscnbc

    Kotak Inst Eqt on Ujjivan Small Fin BK Upgrade to buy, TP Rs 20 Discussions with management indicate growth appetite is back, especially in microfinance bk along with recovery in credit demand from select segments Expect stability in top management team going fwd @CNBCTV18News

    28/06/2022 07:54:09 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    GS on Bajaj Auto Buy, TP Rs 4250 Analysis indicates buyback likely to improve FY24E RoE by 180bps to 25% though unlikely to cause much change in EPS or Net Cash/EBITDA ratios Min buyback size is for $160m (max $320m), compared to $3bn in cash & liquid investments on b/s

    28/06/2022 07:23:04 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    UBS on Bajaj Auto Neutral, TP Rs 3800 Open market buy-back up to Rs25bn Buy-back size- c13% of surplus cash & c9% of share capital + reserves CMP, reduction in total paid-up share capital will be 2.2%, assuming maximum buy-back of Rs25bn @_soniashenoy @CNBCTV18News

    28/06/2022 07:23:04 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    MS on Bajaj Auto EW, TP Rs 4182 Assuming buy-back happens at maximum price, co will buyback 5.4 m sh No of shares could, however, be higher if buyback price is lower than maximum limit Out of total outlay, co will utilize at least 50% of amount (Rs12.5 bn) @_soniashenoy

    28/06/2022 07:23:03 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    CLSA on M&M Buy, TP raised to Rs 1356 Scorpio-N will boost M&M’s SUV line-up Advanced features at lower price points—a great value proposition for customers Room for further improvement in volume if chip supply eases faster @_soniashenoy @CNBCTV18News @CNBCTV18Live

    28/06/2022 07:19:31 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    MS on M&M OW, TP Rs 1198 Launch – Scorpio-N Multiple new launches in SUV segment underscore SUV focus of OEMs & also point towards easing supply chain issues Believe PVs will continue to lead recovery in autos @_soniashenoy @CNBCTV18News @CNBCTV18Live

    28/06/2022 07:19:31 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    Nomura on M&M Buy, TP Rs 1308 New Scorpio-N: Another potential winner Believe new Scorpio-N should further support to transform MM’s image into that of a lifestyle SUV maker, which is expect to pay rich dividends in future @_soniashenoy @CNBCTV18News @CNBCTV18Live

    28/06/2022 07:19:30 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    Brokerages on M&M UBS-Buy, TP Rs 1250 With Scorpio-N,ride quality, handling, design & features have been significantly enhanced Given expected success of Scorpio-N, strong order backlogs for XUV700, Thar & ramp in production, see upside risk to FY24E vol assumption @_soniashenoy

    28/06/2022 07:19:29 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    MS on Sun Pharma OW, TP Rs 1032 Position both as an absolute pharma top pick & a relative hedge in portfolio Biz model & B/S have strengthened over past 3-4 yrs Cash flows appear relatively insulated against macroeconomic headwinds Trades at 23.5x/20.0xF23e/F24e EPS @ekta_batra

    27/06/2022 07:18:24 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    CLSA on Tata Motors O-P, TP Rs 453 Est JLR overall retail sales to have declined c.39% YoY in May 2022 JLR does not report monthly vol, our calculation based on collation of country-level disclosures that broadly a/c for 90%-92% of JLR’s overall vol @_soniashenoy @CNBCTV18News

    27/06/2022 07:14:05 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    JPM on Vedanta OW, TP Rs 490 Current stock price (assuming a 10% dividend yield at CMP) reflects LME zinc at $2,500/t, LME aluminum at $2,300/t & Brent at $80/bbl @CNBCTV18News @Nigel__DSouza @CNBCTV18Live

    27/06/2022 07:12:24 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    JPM on Vedanta OW, TP Rs 490 Zinc inventories have declined to multi-decade lows. VEDL remains best positioned to play higher LME zinc prices. At spot LME zinc, aluminum and oil prices, implied EPS and DPS would be 10% higher than JPMe @Nigel__DSouza @CNBCTV18News

    27/06/2022 07:12:24 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    MS on SBI Cards (May trends) OW, TP Rs 1100 May saw highest ever monthly spending-for industry, up 8% MoM & 118% YoY(3-yr CAGR at 23%) For SBIC, up 8% MoM, 112% YoY(3-yr CAGR at 26%) Daily spending data from RBI suggests strength in spending has sustained into June @CNBCTV18News

    27/06/2022 07:08:25 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    BoFA Sec on Maruti Buy, TP raised to Rs 9500 Raise EPS Est by 7-9% Multiple favorable factors (PV cycle recovery, supply chain easing, model cycle resumption, yen depreciation & metal price softening) seem to be coming together, which can drive earnings upgrades @_soniashenoy

    27/06/2022 07:04:17 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    UBS on Zomato Buy, TP Rs 95 Zomato to acquire Blinkit in a stock deal Co reiterated earlier guided upper limit of US$400mn over next 2 yrs Integration to drive synergies; Super brand vs Super app @blitzkreigm @CNBCTV18News @CNBCTV18Live

    27/06/2022 07:03:15 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    BoFA Sec on Zomato Neutral, TP Rs 82 Deal well flagged in advance; c.7% dilutive to shareholders Competition impact felt over time; Breakeven delay risks Price of $578 m lower than price indicated in media of c. $700m & last round val of $1 bn @blitzkreigm @CNBCTV18News

    27/06/2022 07:03:15 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    CS on Zomato O-P, TP Rs 90 Blinkit acquisition on expected lines; will likely raise EBITDA loss in FY23/FY24 Given biz is still in an early growth stage, Zomato has not guided on total dark stores or near-term profitability @blitzkreigm @CNBCTV18News @CNBCTV18Live

    27/06/2022 07:03:14 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    CLSA on Zomato Buy, TP Rs 90 To acquire Blinkit in a stock deal valuing Blinkit at $626m Management continues to hold its upper bound capital allocation plan of US$400m investment in quick commerce for 2022 & 2023 @blitzkreigm @CNBCTV18News

    27/06/2022 07:03:14 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    JPM on Maruti (Contra view on new launches) Neutral, TP raised to Rs 8200 (on roll fwd) Remain cautious, believe model launches will not result in a meaningful uptick in market share Competitive intensity has not abated Market share loss in rural India & CNG are additional risks

    24/06/2022 07:54:46 AM     Share:    


      Nimesh Shah   

    @nimeshscnbc

    MOSL on Tube Investment Initiate Buy, TP Rs 1900 Sound framework to drive 25% PAT CAGR & grow beyond auto parts Seeding new platforms for future growth Acquisition-led growth (PE model) | CG Power is already 33% of SOTP Trades at 25.7x/20.6x FY23E/FY24E consol. EPS @_soniashenoy

    24/06/2022 07:37:30 AM     Share:    


  Nimesh Shah   

@nimeshscnbc

Editor Institutional Equities, CNBC TV18 Journalist for last 15 years

Followers: 58,070

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