Greenlam Industries Analysis : Healthy performance Stock Call & Research Report by Anand Rathi Research Sector : Building Material CMP Rs. 362, Target Rs. 472 ( 30 % upside) Target Period : 12 Months Healthy performance, in line with expectation; maintaining a Buy Greenlam’s Q1 revenue. EBITDA and PAT grew respectively 40%, 32% and 42% […]
Read more..Arvind Fashions Analysis On track to a turnaround Call & Research Report by Anand Rathi Research Sector : Automobile CMP Rs. 245, Target Rs. 453 ( 84% upside) Target Period : 12 Months On track to a turnaround; maintaining a Buy Arvind Fashions ended FY22 ahead of our estimates and on track to its target […]
Read more..Atul Auto Analysis , Volumes are strong Call & Research Report by Anand Rathi Research Sector : Automobile CMP Rs. 159, Target Rs. 256 ( 61% upside) Target Period : 12 Months Atul Auto’s 3W off-take was tepid and higher raw material costs arrested margins. Volumes are expected to be strong in the near to medium […]
Read more..J.Kumar Infraprojects Analysis , healthy prospect pipeline Call & Research Report by Anand Rathi Research Sector : Infrastructure CMP Rs. 291, Target Rs. 311 Target Period : 12 Months With sales at a new high and no further leverage, J Kumar’s performance in FY22 was inspiring. It’s even more appealing because of its consistent operating […]
Read more..Orient Cement : Strong Gains expected Call & Research Report by Anand Rathi Research Sector : Cement CMP Rs. 118, Target Rs. 178 ( 50 % upside potential) Target Period : 12 Months Backed by its focus on higher realisation y/y and savings on its solar power plant operationalization, Orient Cement’s Q4 FY22 performance was […]
Read more..Bharat Electronics : targeting a healthy growth Call & Research Report by Anand Rathi research Sector : Defence Equipments CMP Rs. 214, Target Rs. 243 ( fast 13% upside potential) Target Period : 2 Months Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India, which provides advanced […]
Read more..Greenply Industries : Growth visibility rises Call & Research Report by Anand Rathi Research Sector : Building Materials CMP Rs. 174, Target Rs. 257 ( 47% upside potential) Target Period : 2 Quarters Broadly in line with our estimated Rs4.2bn/Rs310m, Greenply’s Q3 revenue/PAT grew 24%/19% y/y to Rs4.2bn/Rs298m. Its gross/ EBITDA margins were 334bps/208bps lower […]
Read more..EasyTrip Planners : Strong Revenue GrowthCall & Research Report by Anand Rathi Research Report Date: 17 November 2021CMP Rs. 517, Target Rs. 625Target Period : 2 Quarters The company reported strong revenue growth from operations of 339.3% year-on-year at Rs.437 million. The gross bookings stood at 8950 million which was 164% up on year-on-year basis […]
Read more..SRF : huge upside possible Call & Research Report by Anand Rathi Research Report Date: 17 November 2021 CMP Rs. 2055, Target Rs. 2452 Target Period : 2 Quarters SRF Limited has reported a growth of 35.1% in its consolidated revenues at ₹28,390 million in Q2-FY22 as against Rs21,008 million in Q2-FY21. The performance […]
Read more..Atul Auto : 18% upside Call & Research Report by Anand Rathi Research Report Date: 17 November 2021 CMP Rs. 233, Target Rs. 275 Target Period : 2 Quarters For Atul Auto, we continue to expect strong growth for three-wheelers in FY22 on the back of recovery in demand, improvement in business activity and passenger […]
Read more..