Nirmal Bang: Earnings Update - Introduction Of FY23 Estimates And Rollover Of Target Prices

Nirmal Bang: Earnings Update - Introduction Of FY23 Estimates And Rollover Of Target Prices

A trader looks at financial data on computer screens on the trading floor in London, U.K. (Photographer: Luke MacGregor/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

With this note we roll forward valuation of our entire coverage universe by six months (stocks where such changes were not made earlier) and it is now based on September 2022 earning per share/book /Ebita numbers against March 2022 numbers earlier.

In the process we have also introduced FY23 estimates.

In some cases, we have tweaked our FY21 and FY22 estimates too and the operational assumptions. Inside this note find sector wise changes that we have made.

Click on the attachment to read the full report:

Nirmal Bang Earnings Update - 23 September 2020.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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