18 Feb 2018 | 7:57 AM

Equity Research Reports

Weekly | 16 Feb 2018 | 06:00 PM
LIC Housing Finance (LICHF) is among the top three housing finance companies in India and provides housing loans to individuals and corporate bodies. The company being a leading housing financier will be key beneficiary given the emerging opportunities and government's thrust on 'affordable housing' and 'housing for all' initiatives.
Weekly | 16 Feb 2018 | 06:00 PM
Nifty traded volatile and ended almost flat, after witnessing slide for two consecutive week. Decline was witnessed across the board wherein the PSU pack lost maximum and shed over 8 percent.
Monthly | 16 Feb 2018 | 08:57 AM
Garware Wall Ropes Ltd (GWRL) reported largely in-line numbers for Q3FY18 with net revenue and PAT growth of 4.4% & 15.1% YoY respectively. EBITDA margin expansion of 203bps YoY (at 17.2%), aided by higher gross margins, was encouraging.
Monthly | 16 Feb 2018 | 08:41 AM
Wonderla Holidays reported subdued Q3FY18 result due to drop in footfalls after introduction of 28% GST rate from July 1. Net Revenue declined 6.4%, whereas Net profit increase by 48.3% due to better operational efficiency. The company saw an overall reduction of 8% in footfalls on account of steep price increases post GST; however its resort division continued its steady performance with 50% occupancy.
Monthly | 16 Feb 2018 | 08:41 AM
Jamna Auto reported robust revenue growth in Q3FY18 led by strong demand for commercial vehicles (volumes up 28% yoy). Net revenue and Net profit increased by 54.9% and 50.1% yoy respectively. We expect demand for Commercial vehicles to remain healthy in FY19E, given bright outlook for the Indian economy and rising infrastructure spending.
Daily | 16 Feb 2018 | 07:00 AM
Markets have been struggling in a broader range for last six sessions and it shows indecisiveness among the participants. We suggest keeping a close watch on global markets for cues and limiting leveraged positions until some clarity emerges.
Monthly | 15 Feb 2018 | 08:44 AM
Minda Corp reported better than expected Q3FY18 result. Total income and Net profit increased by 25.2% and 78% yoy respectively. The topline was supported by growth in volumes across all the business segments, whereas profit increased due to better product mix, reduction in operational cost and focus on profitable products.
Monthly | 15 Feb 2018 | 08:43 AM
Sutlej Textiles Industries Ltd (STIL) reported subdued numbers for Q3FY18, below our estimates on all parameters. While net revenue grew by 10% YoY, PAT de-grew sharply by 40.9%. Impacted by higher input cost and operating expenses, the EBITDA margins fell by 243bps YoY to 9.5%.
Daily | 15 Feb 2018 | 07:00 AM
With last leg of results season underway, stock specific volatility is likely to continue in the near term. Any correction should be considered as a good buying opportunity for investors in quality stocks. Meanwhile, traders should remain cautious and avoid over leveraging their position.
Monthly | 14 Feb 2018 | 08:58 AM
S Chand and Company (SCL) reported decent set of numbers in which revenue grew by 7.4% yoy driven by higher sales in the higher education segment. On the operational front, EBITDA loss widened due to higher material and employee cost, however, net loss for the company narrowed due to higher other income and lower interest cost.
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