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ICICI Direct Research recommends 'Buy' on these five stocks post Q2 earnings

Updated : 2019-11-26 13:54:04

ICICI Direct Research said muted consumer demand and slowing economic activities weighed on corporate earnings in Q2FY20, with Sensex topline excluding financials declining 2 percent year-over-year. The brokerage said the recently-unveiled government measures are expected to boost earnings in the next fiscal. ICICI Direct recommended “buy” calls on five stocks—Indian Hotels, Inox Leisure, Ipca Laboratories, Kapataru Power and Narayana Hrudayalaya—post Q2 results. “The above companies posted a strong set of earnings in Q2FY20, which we believe are more fundamental and sustainable in nature,” said the brokerage. (Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.)

Indian Hotels reported 4.4% YoY growth in revenues led by strong growth domestic network hotels' room revenues. EBITDA margins expanded 130 bps YoY on a comparable basis.
Indian Hotels reported 4.4% YoY growth in revenues led by strong growth domestic network hotels' room revenues. EBITDA margins expanded 130 bps YoY on a comparable basis.
Inox Leisure’s Q2FY20 performance was ahead of expectations with higher-than-expected footfall driving the revenues beat. Footfalls grew 39% YoY driving the net box office revenues growth of 50.7% YoY and F&B, which grew 48.6%.
Inox Leisure’s Q2FY20 performance was ahead of expectations with higher-than-expected footfall driving the revenues beat. Footfalls grew 39% YoY driving the net box office revenues growth of 50.7% YoY and F&B, which grew 48.6%.
Ipcs Laboratories’ Q2FY20 results were higher-than-expected on all fronts mainly due to better-than-expected growth in export generics and APIs. Standalone revenues grew 19.6% YoY due to 39.6% YoY growth in APIs. Domestic revenues grew 15.9% YoY.
Ipcs Laboratories’ Q2FY20 results were higher-than-expected on all fronts mainly due to better-than-expected growth in export generics and APIs. Standalone revenues grew 19.6% YoY due to 39.6% YoY growth in APIs. Domestic revenues grew 15.9% YoY.
Kalpataru Power reported a stellar Q2FY20 performance with standalone revenue up 25% YoY driven by strong execution in T&D and railways segments. EBITDA came in at Rs 207 crore, with EBITDA margins of 10.5% while margins for H1FY20 were at 11.0%.
Kalpataru Power reported a stellar Q2FY20 performance with standalone revenue up 25% YoY driven by strong execution in T&D and railways segments. EBITDA came in at Rs 207 crore, with EBITDA margins of 10.5% while margins for H1FY20 were at 11.0%.
Narayana Hrudayalaya's Q2FY20 revenues grew 15.6% YoY due to 41% YoY growth in new hospitals and 13% growth in existing India hospitals. HCCI revenues improved 26.3% YoY.
Narayana Hrudayalaya's Q2FY20 revenues grew 15.6% YoY due to 41% YoY growth in new hospitals and 13% growth in existing India hospitals. HCCI revenues improved 26.3% YoY.
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