18 Aug 2017 | 5:43 AM

Equity Research Reports

Monthly | 17 Aug 2017 | 02:09 PM
The Byke Hospitality reported a subdued performance as Net profit fell 1.9% on YoY basis. Net revenue came at Rs. 37.1 cr against Rs. 61.9 cr in Q1FY17 due to change in accounting method for room charting segment.
Monthly | 17 Aug 2017 | 09:01 AM
Manpasand Beverages reported decent set of numbers for Q1FY18. Net sales increased by 28.6%, while Net profit was up by 25.5% on YoY basis. It has announced bonus in the ratio of 1:1. It has already started capex for doubling its capacity in the next 12-18 months to be financed from the proceeds of the QIP issue (Rs. 500 Cr) done in FY17.
Monthly | 17 Aug 2017 | 09:00 AM
Wonderla Holiday Ltd. (WHL) reported steady Q1FY18 results on expected lines. Net sales increased by 18.3% YoY to Rs 102.3crs, primarily led by increase in realisation. EBITDA increased by 17.3% YoY to Rs 47.3crs. Net profit came in at Rs 26crs, a growth of 15.7% over Q1FY17.
Daily | 17 Aug 2017 | 07:00 AM
We feel Nifty will spend some time in a range before any major directional move. It should hold above 9900 for further recovery else profit taking will resume.
Daily | 16 Aug 2017 | 07:00 AM
We feel it’s just a bounce due to bargain hunting and traders should wait for confirmation on trend resumption. Nifty requires decisive breakout above 9950 for sustainable up move else consolidation will continue.
Weekly | 14 Aug 2017 | 05:06 PM
Tech Stars, comprises our 2 top stock picks filtered on the basis of momentum from our coverage universe. It’s scheduled weekly on every Monday or first working day of the week. Please note, all these recommendations are “valid for taking position” in the next two sessions from the date of recommendation and in the given range. The initiated recommendations will stand closed, in case Target or Stop Loss not met by the end of next week.
Daily | 14 Aug 2017 | 07:00 AM
We may continue to see some more pain in the coming trading sessions as global sentiments continued to weigh on domestic market. Hence, we advise traders to avoid any leveraged positions in the next few trading sessions.
Weekly | 11 Aug 2017 | 06:09 PM
Nifty corrected over 3% in the passing week, following geo-political tensions between the US and North Korea along with news from domestic front.
Weekly | 11 Aug 2017 | 04:50 PM
This week, we haven’t initiated fresh position, citing excessive volatility and possibility of further profit taking.
Daily | 11 Aug 2017 | 07:00 AM
We may see some bounce after the recent slide but sustainability seems difficult at higher levels. Midcap and smallcap counters are facing excessive selling pressure and we suggest avoiding any fresh buying until market stabilises.
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