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Britannia Industries (BRIT) - Qtr. Update - Dated - May 21, 2015

Britannia (Bloomberg: BRIT IN, BUY, TP – Rs 2,510; 10% upside from CMP of Rs 2,285) Beat estimates: Consolidated net sales...

22 May 2015 Axis Capital Limited 6 $58.00

Bajaj Auto (BJAUT) - Qtr. Update - Dated - May 21, 2015

Bajaj Auto (Bloomberg: BJAUT IN; BUY; TP – Rs 2,648; 15% upside from CMP of Rs 2,300) Bajaj Auto’s (BAL) adjusted EBITDA ...

22 May 2015 Axis Capital Limited 6 $58.00

Zee Ltd. (Z) - Qtr. Update - Dated - May 21, 2015

ZEEL (Bloomberg: Z IN; BUY; TP – Rs 375; 18% upside from CMP of Rs 317) ZEEL’s Q4FY15 ad revenue grew 15% YoY and adj. sub...

22 May 2015 Axis Capital Limited 5 $46.00

DLF Ltd. (DLFU) - Qtr. Update - Dated - May 21, 2015

DLF (Bloomberg: DLFU IN, BUY, TP – Rs 173; 39% upside from CMP of Rs 124) DLF reported strong sales of 0.9 msf totaling Rs...

22 May 2015 Axis Capital Limited 5 $46.00

Bajaj Finserv (BJFIN) - Qtr. Update - Dated - May 21, 2015

Bajaj Finserv (Bloomberg: BJFIN IN, BUY, TP – Rs 1,753; 20% upside from CMP of Rs 1,459) Bajaj Finserv’s performance acros...

22 May 2015 Axis Capital Limited 4 $35.00

Kirloskar Oil Engines (KOEL) - Company Update - Dated - May 21, 2015

Kirloskar Oil Engines (Bloomberg: KOEL IN, Not Rated, CMP of Rs 273) Despite a challenging macro, KOEL grew 11% YoY in co...

22 May 2015 Axis Capital Limited 5 $46.00

Repco Home Finance (REPCO) - Concall Highlights - Dated - May 21, 2015

Repco Home Finance (Bloomberg: REPCO IN, BUY, TP – Rs 740; 21% upside from CMP of Rs 610) We hosted a conference call of ...

22 May 2015 Axis Capital Limited 4 $35.00

Whirlpool of India (WHIRL) - Qtr. Update - Dated - May 20, 2015

Whirlpool India (Bloomberg: WHIRL IN, HOLD, TP: Rs 736; marginal upside from CMP of Rs 734) Whirlpool’s Q4FY15 performance...

21 May 2015 Axis Capital Limited 4 $35.00

AIA Engineering (AIAE) - Qtr. Update - Dated - May 20, 2015

AIA Engineering (Bloomberg: AIAE IN, HOLD, TP: Rs 1,062; 7% downside from CMP of Rs 1,140) AIA Engineering’s (AIAE) Q4FY15...

21 May 2015 Axis Capital Limited 4 $35.00

Tata Power (TPWR) - Qtr. Update - Dated - May 20, 2015

Tata Power (TPWR; Bloomberg: TPWR IN, BUY, TP: Rs 100; 30% upside from CMP of Rs 77) TPWR’s Q4 adj. PAT at ~Rs 2 bn was a...

21 May 2015 Axis Capital Limited 5 $46.00