21 Nov 2018 | 6:09 AM

Equity Research Reports

Monthly | 20 Nov 2018 | 02:52 PM
Century Plyboards (India) Ltd’s (CPIL) standalone Q2FY19 numbers were disappointing, especially on the profit front. Net revenue increased by 18.9% YoY, mainly led by incremental sales from MDF division. However, EBITDA growth stood flat with 245bps YoY contraction in EBITDA margins, while PAT declined by 5.8% YoY, impacted by significant margin decline in Laminates & MDF segment.
Monthly | 20 Nov 2018 | 11:33 AM
SML Isuzu (SML) reported weak set of numbers in Q2FY19, which were lower than our estimates. While net revenue grew by 30.1% YoY led by volume growth of 27.7% YoY, the loss widened on a YoY basis to Rs. 7.7 cr on account of weak operational performance and higher depreciation. The operating margins declined by 151bps YoY to 0.5% due to higher raw material cost and other expense. Despite headwinds in the near term, with depreciating currency and increased cost pressures.
Monthly | 20 Nov 2018 | 09:47 AM
Prabhat Dairy Ltd (PDL) reported healthy set of numbers for Q2FY19, in line with our expectation. Its revenue grew by 8.5% yoy on back of strong growth in B2C segment. Its EBITDA and PAT grew by 24.4% and 36.4% yoy, respectively driven by lower milk prices. Further both EBITDA and PAT margins improved by 120 bps and 60 bps yoy.
Monthly | 20 Nov 2018 | 09:45 AM
Eicher Motors reported weak set of numbers, which were marginally below our estimates. It’s consolidated net sales and PAT grew by 11.1% and 5.9% YoY respectively. The company sold 2,09,963 motorcycles in Q2FY19, registering a muted growth of 4% YoY. On the other hand, the performance of its JV for VE Commercial Vehicles (VECV) registered a strong growth of 24% YoY.
Daily | 20 Nov 2018 | 07:00 AM
Markets will react to the outcome of RBI board meet in early trades on Tuesday i.e. November 20. We reiterate our view preferring hedged position and booking profit on rise, citing hurdle at 10,800 in Nifty.
Weekly | 19 Nov 2018 | 07:00 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.
Monthly | 19 Nov 2018 | 03:31 PM
Symphony Ltd reported mix set of numbers for Q2FY19. While revenue growth was in-line with our projection, the company disappointed on the profit front. At the consolidated level, revenue grew by 5.2%, aided by first time consolidation of Climate Technologies, while EBITDA & APAT declined by 31.7% & 30% YoY respectively.
Daily | 19 Nov 2018 | 07:00 AM
We maintain our cautious view on markets and suggest booking profit on every rise, citing major hurdle at 10,800 in Nifty. Also, prefer options trades instead of naked futures while creating short positions in stocks. Global markets, currency and crude movement will continue to dictate the market trend in near future.
Weekly | 16 Nov 2018 | 07:00 PM
Incorporated in 1962, Tata Global Beverages Ltd is amongst the world's largest tea companies along with strong focus on branded natural beverages - tea, coffee and water. The company directly and through its subsidiaries and joint ventures owns a strong portfolio of brands, including Tata Tea, Tetley, Jemca, Vitax, Eight O'Clock Coffee, Himalayan, Grand Coffee and Joekels.
Weekly | 16 Nov 2018 | 07:00 PM
Nifty managed to end in green for the third successive week amid volatility and settled at 10,682.20; up by 0.90%.
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