Aarti Industries : Buy , 16 % Upside Call & Research Report by Anand Rathi Research Report Date: 21 May 2021 CMP Rs. 1701 Target price Rs. 1980 Supported by strong demand for most products (back to pre-Covid), Aarti’s Q4 revenue grew 12.4% y/y (flat q/q). Volume growth was partly hit by annual-maintenance shutdown. Management […]
Read more..SBI Life : Buy , 16 % Upside Call & Research Report by Anand Rathi Research Report Date: 21 May 2021 CMP Rs. 969 Target price Rs. 1125 SBI Life Insurance Company Ltd. reported 31.1% year-over-year (y/y) increase in gross premium to ₹156,467 million in Q4FY21, driven by strong growth in new business premium […]
Read more..GSFC: Buy , 26 % Upside Call & Research Report by Anand Rathi Research Report Date: 19 May 2021 CMP Rs. 119 Target price Rs. 150 Incorporated in 1962, GSFC is a public sector company promoted by the Government of Gujarat (GoG). GoG, through its undertaking Gujarat State Investment Ltd (GSIL), owns 37.84% of […]
Read more..Indian Energy Exchange : Buy , 22 % Upside Call & Research Report by Anand Rathi Research Report Date: 19 May 2021 CMP Rs. 377 Target price Rs. 460 Indian Energy Exchange Ltd. is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable […]
Read more..HG Infra : Buy , 48 % Upside Call & Research Report by Anand Rathi Research Report Date: 16 May 2021 CMP Rs. 333 Target price Rs. 493 With strong order additions in Q4 FY21, HG Infra ensured it took care of the only thing that appeared to be missing in Q3. Revenues scaling a […]
Read more..Kirloskar Oil Engines : Buy , 53 % Upside Call & Research Report by Anand Rathi Research Report Date: 16 May 2021 CMP Rs. 210 Target price Rs. 297 Driven by healthy performance in all divisions (except Large Engines), Kirloskar Oil Engines reported the best revenue of Rs9.1bn in Q4 FY21 (ARe Rs8.4bn). This was […]
Read more..JMC Projects : Buy , 22 % Upside Call & Research Report by Anand Rathi Research Report Date: 14 May 2021 CMP Rs. 98 Target price Rs. 122 Revenue at a new quarterly high, an all-time-high firm OB and a many- year-low leverage are some of the positives that set the stage for JMC Projects […]
Read more..CDSL : Buy , 20 % Upside Call & Research Report by Anand Rathi Research Report Date: 12 May 2021 CMP Rs. 798 Target price Rs. 960 The company reported strong set of numbers for the quarter under review with revenue growth of 72.1% year-on-year to ₹1,030 million on a reported basis. The company […]
Read more..Grindwel Norton : Buy , 21 % Upside Call & Research Report by HDFC Securities Research Report Date: 11 May 2021 CMP Rs. 1113 Target price Rs. 1350 Led by pick-up in industrial activity domestically and in exports, Grindwell Norton posted 42% y/y revenue growth in Q4 FY21. Both segments grew: abrasives (up 38% y/y) […]
Read more..Axis Bank: Buy , 16 % Upside Call & Research Report by Anand Rathi Research Report Date: 7 May 2021 CMP Rs. 716 Target price Rs. 830 Axis Bank Limited reported a net interest income growth of 11% in its Q4-FY21 standalone results at Rs.75,550 million as against Rs.68,080 million in Q4-FY20, driven by […]
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