Galaxy Surfactants : Management confident on both demand and supply going forward…Call & Research Report by ICICI Direct researchSector : Speciality ChemicalsCMP Rs. 2719, Target Rs. 3625 ( 33% upside potential)Target Period : 12 Months Galaxy Surfactants (GALSURF) reported a miss on our estimates with EBITDA (INR/kg) at INR13.2 (-10% est., -36% YoY) on higher […]
Read more..Mahindra Logistics : New customers, seasonality impacts margin… Call & Research Report by ICICI Direct research Sector : Logistics CMP Rs. 416, Target Rs. 560 ( 34% upside potential) Target Period : 12 Months About the stock: Mahindra Logistics is an end-to-end 3PL logistics solution provider, from performing milk run to in-factory logistics, warehousing to […]
Read more..Ambuja Cement : Expansion to drive growth momentum… Call & Research Report by ICICI Direct research Sector : Cement CMP Rs. 292, Target Rs. 430 ( 47% upside potential) Target Period : 12 Months Ambuja Cement (Holcim group company) is a large cement player with capacity of 31.5 MT spread across north (35%), south (24%), […]
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..Butterfly Gandhimathi : likely to benefit from CGCEL’s takeover Call & Research Report by ICICI Direct Research Sector : Consumer Appliances CMP Rs. 1374, Target Rs. 1620 ( 17% upside potential) Target Period : 12 Months : Butterfly Gandhimathi (BGAL) is one of the leading manufacturers of kitchen & electrical appliances in India and sells […]
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..Sanofi India : one of the fastest growing companies in India in anti-diabetic therapy Call & Research Report by ICICI Direct Research Sector : Pharmacueticals CMP Rs. 7263, Target Rs. 8965 ( 23% upside potential) Target Period : 2 Quarters About the stock: Sanofi offers drugs in therapies like diabetes (insulins & orals), cardiology, thrombosis, […]
Read more..NMDC : Strong Revenue Growth Call & Research Report by ICICI Securities Research Report Date: 16 November 2021 CMP Rs. 140, Target Rs. 175 ( 25% upside) Target Period : 2 Quarters About the stock: Incorporated in 1958, NMDC is India’s largest merchant iron ore miner. During FY21, NMDC’s iron ore production volume was […]
Read more..Tanla Platforms : a leading player in CPaaS Call & Research Report by HDFC Securities Research Report Date: 19 November 2021 CMP Rs. 1392, Target Rs. 1600 Target Period : 2 Quarters Tanla Platforms (Tanla) is a leading player in the fast-growing CPaaS market (22% CAGR), which is being led by increased online transactions. The […]
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 […]
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