Category: Broker Research

Input cost prices have significant implications on Marico’s (MRCO) business operations. In this note, we thus provide an update on the price trends in copra and other key commodities for MRCO in Mar’19.
April 22, 2019, 10:35 a.m.

Wipro Ltd. at its board meeting held on 16-Apr-19 approved buy back of 32.31 cr shares (5.35% of its equity) through a tender offer at a price of Rs 325 per share resulting in a total offer size of Rs 10,500 cr.
April 20, 2019, 12:29 p.m.
Author : HDFC Sec | Publisher:

Quess Corp (QUESS) has announced the acquisition of Allsec Technologies under its BPO vertical, that will improve the profitability and cash generation profile of its Conneqt BPO business.
April 18, 2019, 9:56 a.m.

It has total loan book size ₹161 bn, consolidated balance sheet size of ₹244 bn, asset management AUMs of ₹114 bn, wealth management AUMs of ₹427 bn, PE & RE AUMs of ₹6.4 bn and ₹1.6 bn respectvely, ARC AUMs of ₹142 bn as on Q3FY19.
April 16, 2019, 12:53 p.m.
Author : LKP Research | Publisher:

Minda Industries Ltd (MIL) is among the top five auto component companies in India having a wide basket of products ranging from castings, alloy wheels, switches, horns, sensors, to automobile lightings and infotainment.
April 16, 2019, 12:11 p.m.

IndoStar Capital Finance (INDOSTAR) commenced operations in 2011 with a significant capital commitment (INR9b) by the promoter, Everstone Capital. The company started out as a wholesale lender, and over time utilized the profits from this segment to build new businesses – SME, housing and vehicle finance.
April 16, 2019, 12:07 p.m.

Endurance Technologies (Endurance) is one of the biggest suppliers of components to 2-wheelers and 3-wheelers in India, having core-competence in aluminium casting, transmission and suspension products.
April 15, 2019, 1:07 p.m.
Author : LKP Research | Publisher:

Amber Enterprises India (Amber) is the largest contract manufacturer of residential air conditioners (RAC) in India, with 55% market share. With the acquisition of Sidwal, the company will enjoy dominant position in HVAC segment in Indian Railways/Metros (50% share) and Defence (80%) as well.
April 15, 2019, 12:12 p.m.

Sanofi India’s (SIL) revenues in CY18 stood at Rs27,708mn, showing a growth of 11% compared to a year ago. The revenue mix witnessed a sharp change in favour of exports. The share of exports in total revenues increased to 30% from 26%.
April 15, 2019, 12:01 p.m.

Baring Private Equity Asia (BPEA) has entered into a Share Purchase Agreement on 06 Apr, 2019 with NIIT Ltd and NIIT Technologies Ltd to acquire 14.93 Mn shares constituting 23.22% of total share capital from NIIT Ltd.
April 15, 2019, noon