Equity news
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Igl: sets volume guidance of 10.67 scmd for fy '26-'27, reflecting last quarter's exit volume with anticipated 10% to 13% growth in cng sales for next year.
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Igl: faces challenges in gas sourcing and pricing due to geopolitical issues, causing higher gas prices. domestic connections rose by 3.7 lakhs with over 2 lakhs new customers, expecting 10% to 13% growth in cng sales volume next year.
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Igl: management focuses on sustainable revenue growth, market expansion, and better value delivery amid geopolitical issues through careful execution and customer focus.
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Igl: management aims for ebitda of inr 7 to inr 8 per scm, anticipates a tough first quarter, plans capex of inr 1,400 to inr 1,500 crores for next year, and foresees lower gas costs for cng and domestic users due to new traffic rules, aiming to recover profits and cut expenses.
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Igl: co's management expects fy '26-'27 sales volume to reach 10.67 scmd, projecting a 10% to 13% increase in cng sales for next year. they anticipate a 20% boost in domestic sales due to national png drive 2.0, with new annual customers estimated between 3 to 4 lakhs, up from 2 to 2.5 lakhs.
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Bharat electronics: goldman sachs maintains a buy on bharat electronics with a target price of ₹475, citing q4 operational performance largely in line, a healthy ₹739 billion order book with 2.7x book-to-bill ratio, achievement of most fy26 guidance metrics, while fy27 order inflows, execution and margin sustainability remain key monitorables.
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Tvs motor: morgan stanley maintains an overweight on tvs motor with a target price of ₹4,327, citing expectations of near-term outperformance, strong may volume growth ahead of industry trends, recent correction driven by subsidiary investment concerns, and confidence in premium valuation due to market share gains and margin expansion potential.
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Icici bank: citi maintains a buy on icici bank with a target price of ₹1720, citing broad-based retail and corporate growth momentum, stable nim outlook with mix optimization, no visible stress from the west asia crisis, improving fee income trajectory, disciplined costs, and minimal net-worth impact from ecl transition.
