Techno electric & Engineering : Huge upside possible Call & Research Report by Anand Rathi Research Report Date: 17 November 2021 CMP Rs. 253, Target Rs. 335 ( 31% upside possible) Target Period : 2 Quarters With revenue up 6% y/y to Rs2.7bn, Techno had a steady Q2. On greater utilisation (42%, vs 38% a […]
Read more..Amara Raja Batteries : huge upside possible Call & Research Report by Anand Rathi Research Report Date: 15 November 2021 CMP Rs. 697, Target Rs. 890 Target Period : 2 Quarters For Amara Raja, demand for batteries grew strong in the automotive aftermarket and industrial UPS businesses during the quarter. It commenced supplies of lithium-ion […]
Read more..Gujarat Fluorochemicals :Strong upside possible Call & Research Report by Anand Rathi Research Report Date: 15 November 2021 CMP Rs. 2090, Target Rs. 2524 Target Period : 2 Quarters Gujarat Fluorochemicals Ltd. (FLUOROCHEM) has reported a growth of 56.2% in its revenues at ₹9,640 million in Q2-FY22 as against ₹6,173 million in Q2-FY21. The […]
Read more..Dalmia Bharat : Strong upside possible Call & Research Report by Anand Rathi Research Report Date: 31 October 2021 CMP Rs. 2014, Target Rs. 2596 Target Period : 2 Quarters High costs pressurised Dalmia’s operating performance, whereas revenue grew 9% y/y despite a seasonally weak quarter due to the monsoon. The divestment of a non-core […]
Read more..Indian Bank :Strong upside possible Call & Research Report by Anand Rathi Research Report Date: 31 October 2021 CMP Rs. 172, Target Rs. 200 Target Period : 1 Quarters Indian Bank’s Q2 FY22 saw improved profitability, with RoA of 0.7% (up 41bps y/y) and much better collection efficiency. However, asset quality was under pressure with […]
Read more..Easy Trip Planners: 24% upside possibleCall & Research Report by Anand Rathi Securities Research Report Date: 1 September 2021CMP Rs. 444, Target Rs. 550Target Period : 2 Quarters The company reported strong revenue growth from operations of 425.6% year-on-year at ₹187 million. The second wave affected nearly one and a half month of quarter […]
Read more..Axis Bank ltd : Buy, 34 % Upside Call & Research Report by Anand Rathi Research Report Date: 6 August 2021 CMP Rs. 741, Target Rs. 860 Target Period : Not Mentioned Axis Bank Limited reported a net interest income growth of 11% in its Q1-FY22 standalone results at ₹77,600 million as against ₹69,850 million […]
Read more..Visaka Industries : Buy, 32 % Upside Call & Research Report by Anand Rathi Research Report Date: 2 August 2021 CMP Rs. 819, Target Rs. 1079 ( 32% upside) Target Period : Not Mentioned On the bright demand outlook, AC roofing sheets and boards capacity expansion and the Yarn division recovering, Visaka’s performance would be […]
Read more..Intellect Disign : Buy, 23 % Upside Call & Research Report by Anand Rathi Research Report Date: 30 July 2021 CMP Rs. 706, Target Rs. 870 ( 23% upside) Target Period : Not Mentioned From a growth perspective (up 2.3% q/q, 20% y/y), Intellect had a steady quarter. However, growth is now driven by India […]
Read more..Canara Bank : Buy, 29 % Upside Call & Research Report by Anand Rathi Research Report Date: 29 July 2021 CMP Rs. 143, Target Rs. 185 ( 29% upside) Target Period : Not Mentioned ■ Despite moderate credit growth and elevated provisions, Canara Bank reported a strong beat on PAT at Rs11.7bn (vs. est. Rs7bn), driven […]
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