Category: Broker Research

We feel investors could buy the stock at the CMP and add on declines to Rs 260-265 band (8.75x FY20E EPS) for sequential targets of Rs 331 (11x FY20E EPS) and Rs 361 (12x FY20E EPS) in 3-4 quarters. At CMP of Rs 292.7 the stock is trading at 9.7x FY20E EPS.
May 21, 2018, 12:55 p.m.
Author : HDFC Sec | Publisher:

Balkrishna Industries Ltd (BIL) recorded sales volume of 199,213 MT during FY18, exceeding the guidance of 195,000 MT driven by higher traction in the agriculture and mining segment.
May 21, 2018, 10:55 a.m.

Ultratech Cement’s (UTCEM) board has approved the acquisition of cement assets of Century Textiles Industries (CTIL), which has total grinding capacity of 13.4mt (comprises 11.4mt of integrated capacity and a grinding unit of 2mt).
May 21, 2018, 10:49 a.m.

ARBP (Aurobindo) received VAI status from USFDA post the company’s adequate address of the concerns on the Bhiwadi plant.
May 21, 2018, 10:47 a.m.

IndusInd Bank Ltd (INDUSI) is one of the new-generation private-sector banks in India which commenced its operations way back in 1994.
May 21, 2018, 10:38 a.m.

Further Government future plans for the expansion of the power sector could be an additional benefit for the company to grow in future. Taking these into consideration, we expect the stock to perform well going forward.
May 19, 2018, 1:01 p.m.

HCL Technologies is engaged in providing a range of software, business process outsourcing and IT infrastructure services. The company has a wide geographical presence across 32 countries. It has a strong workforce of more than 120,000 employees.
May 18, 2018, 6:51 a.m.

GNP (Glenmark) launched its first gSeretide DPI in Denmark as a part of its plan to launch the molecule in key markets in  Europe.
May 16, 2018, 1:59 p.m.

Dabur India Ltd (Dabur), the leading Indian FMCG company, is also a world leader in Ayurveda with a portfolio of over 250 Herbal/Ayurvedic products. Valuations : We believe Dabur with its well-diversified product portfolio, leadership position & strong distribution reach is well placed to capitalize on recovery in rural demand.
May 15, 2018, 6:14 a.m.

Management remained confident about the Jewelry segment growth prospects and reiterated its recently revised growth guidance (expects 2.5x growth – 20% CAGR – in the segment over FY18-23, as against the previous guidance of 2.5x growth over FY17-22).
May 14, 2018, 11:37 a.m.