Ipca Laboratories : Maintain BUY Call & Research Report by ICICI Securities Research Report Date: 17 November 2021 CMP Rs. 2121, Target Rs. 2490 ( 17% upside) Target Period : 2 Quarters Ipca is a fully integrated pharma company manufacturing over 350 formulations and 80 APIs with exports contributing 50% of revenues in FY21. […]
Read more..HCL Tech : Robust Performance Call & Research Report by Motilal Oswal Research Report Date: 17 November 2021 CMP Rs. 1153, Target Rs. 1430 Target Period : 2 Quarters We expect the robust performance in HCL’s Services business, especially the ER&D vertical, to continue as the demand environment remains favorable. We also draw comfort from […]
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..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..Oil India :47% upside possible Call & Research Report by HDFC Securities Research Report Date: 15 November 2021 CMP Rs. 217, Target Rs. 320 Target Period : 1 Quarters Our BUY recommendation on Oil India with a target price of INR 320 is premised on (1) increase in crude price realisation and (2) improvement in […]
Read more..ITD Cementation :61 % upside possible Call & Research Report by HDFC Securities Research Report Date: 15 November 2021 CMP Rs. 78, Target Rs. 126 Target Period : 2 Quarters ITD Cementation (ITD) reported weak revenue/EBITDA/PAT at INR 8.1/0.5/0.15bn, with revenue in line but EBITDA/PAT below our estimates by 37%/27%. Operating margin was subdued at […]
Read more..DCB Bank :Strong upside possible Call & Research Report by HDFC Securities Research Report Date: 29 October 2021 CMP Rs. 91, Target Rs. 132 Target Period : 1 Quarters DCB Bank’s (DCBB) Q2FY22 earnings were ~10% below estimates on account of muted asset growth and lower fee income traction. Asset quality witnessed healthy improvement with […]
Read more..