Motilal Oswal - MOSL: Morning India (10/February/20): 1. NTPC (Profits rise with recoveries of fixed costs); 2. Britannia Inds; 3. MM; 4. Tata Steel; 5. Hero Motocorp; 6. UPL; 7. GSK Consumer; 8. United Breweries

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Motilal Oswal

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EUR 120.00 For Business Accounts Only

MOSL: Morning India (10/February/20): 1. NTPC (Profits rise with recoveries of fixed costs); 2. Britannia Inds; 3. M&M; 4. Tata Steel; 5. Hero Motocorp; 6. UPL; 7. GSK Consumer; 8. United Breweries

MOrning India (10/February/20): 1. NTPC (Profits rise with recoveries of fixed costs); 2. Britannia Inds; 3. M&M; 4. Tata Steel; 5. Hero Motocorp; 6. UPL; 7. GSK Consumer; 8. United Breweries

Today’s top research idea

NTPC: Profits rise with recoveries of fixed costs

NTPC's results highlight the benefit of fixed-cost recoveries and higher surcharge income. Going ahead, we expect recoveries to continue in 4Q with improving plant availability.
Capitalization is on track with 4.2GW YTD (target: 5GW). Pick-up in capitalization, along with lower F/C u/r, is expected to drive earnings CAGR of 14% over FY19-22.
Valuations are at deep discount to its historical averages and we remain Buyers of NTPC. Govt. divestment though would be an overhang in the near term.

Piping hot news

IL&FS: Sebi looks to levy higher penalties on three rating agencies

The markets regulator has sent fresh notices to rating companies for failing to warn bond investors of Infrastructure Leasing and Financial Services Ltd (IL&FS) in time about the scam at the shadow lender, two people with direct knowledge of the matter said, after its board disapproved of the low penalty imposed on them on 26 December.

10/02/2020 1 EN

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Motilal Oswal

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MOSL: Morning India (10/February/20): 1. NTPC (Profits rise with recoveries of fixed costs); 2. Britannia Inds; 3. M&M; 4. Tata Steel; 5. Hero Motocorp; 6. UPL; 7. GSK Consumer; 8. United Breweries

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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