Category: Broker Research

UPL fell 5.22% last week and is down 8.26% from a month ago, although up 46.29% YoY.
June 25, 2019, 11:48 a.m.

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June 24, 2019, 12:31 p.m.

Being one of the leading companies in the packaging space, coupled with the right technology, market vigilance, road map to growth; we are positive on the future outlook of the company and thereby initiate Buy on the stock with the target price of Rs320 over a 12 months horizon.
June 21, 2019, 12:35 p.m.

TGBL’s entry into the FMCG world elucidates the new strategic direction of the company by providing significant value creation for all shareholders through greater scale and synergy.
June 17, 2019, 11:49 a.m.

Motherson Sumi Systems Ltd (MSSL) had a challenging Q4FY19. Although 11% yoy growth in the topline to INR 17169 cr in Q4FY19 was encouraging, delays in ramp up of new SMP facilities and additional cost incurred impacted the overall performance as EBITDA was down 17% yoy and PAT was down 43% yoy.
June 17, 2019, 11:48 a.m.

HEXW announced acquisition of 100% stake in US company Mobiquity Inc for US$ 182mn & is valued at 2.6X EV/Sales.
June 17, 2019, 11:46 a.m.

The stock currently trades at 51.9x FY20e EPS of Rs 47.90 and 42.5x FY21e EPS of Rs 58.53.
May 31, 2019, 10:06 a.m.

Reliance Retail Segment’s Revenue for 4Q FY19 grew by 51.6% Y-o-Y to Rs 36663 crore as against Rs 24183 crore in the corresponding period of the previous year.
May 29, 2019, 3:36 p.m.

On balance, we assign ‘accumulate’ recommendation on the stock with a target price of Rs 400 (previous target Rs 505) based on 22x FY21e earnings over a period of 9-12 months.
May 29, 2019, 1:28 p.m.

EBITDA at Rs. 888 Mn in Q4FY19 de-grew by 5.1% on YoY basis whereas PAT at Rs. 218 Mn de-grew by 36.8% on YoY basis.
May 27, 2019, 1:27 p.m.