19 Aug 2017 | 5:08 AM

Equity Research Reports

Weekly | 18 Aug 2017 | 06:05 PM
Nifty recovered marginally in the passing week and gained over a percent. Sentiment was upbeat for most part of the week however profit taking in the final session trimmed the weekly gains.
Weekly | 18 Aug 2017 | 04:47 PM
This week, we haven’t initiated fresh position, citing excessive volatility and possibility of further profit taking ahead.
Monthly | 18 Aug 2017 | 01:56 PM
Srikalahasthi Pipes Ltd (SPL) reported in-line numbers on the profit front with 14.7% & 15.2% YoY de-growth in EBITDA and PAT. However, revenue growth of 55.1% YoY was impressive and significantly above our estimates.
Monthly | 18 Aug 2017 | 09:12 AM
NRB Bearings' Revenue increased by 2.9%; however Net profit declined 3.2% on YoY basis. NRB Bearings derives 65% of its total revenue from domestic OEMs and was impacted by slowdown in the domestic CV industry and replacement market sales. However, it reported positive growth in PVs, tractors and two wheelers OEM sales.
Monthly | 18 Aug 2017 | 09:02 AM
Century Plyboards (I) Ltd.'s (CPIL) Q1FY18 result was a mixed bag. The company reported 8.7% YoY increase in Net sales while EBITDA and PAT were down by 19.7% and 18.5% respectively over Q1FY17. Despite weak Q1FY18 results, the management has guided for healthy volume growth led by capacity expansion and GST implementation will aid higher sales volume as demand will shift from non-branded to branded products.
Daily | 18 Aug 2017 | 07:00 AM
Considering the prevailing uncertainty, we suggest preferring index majors over the midcap and smallcap counters. Also, keeping the leveraged positions hedged.
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.
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