News

Sterlite Technologies rises on partnering with TruVista Sterlite Technologies is currently trading at Rs. 172.10, up by 3.70 points or 2.20% from its previous closing of Rs. 168.40 on the BSE. The scrip opened at Rs. 174.45 and has touched a high and low of Rs. 175.00 and Rs. 171.75 respectively. So far 81107 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 192.95 on 19-Dec-2022 and a 52 week low of Rs. 142.00 on 28-Mar-2023. Last one week high and low of the scrip st...
Sterlite Technologies rises on partnering with TruVista
Sterlite Technologies rises on partnering with TruVista
Source: Accord Fintech
8/09/2023 10:26:17 AM
DCX Systems move higher on executing Joint Venture Agreement with ELTA Systems DCX Systems is currently trading at Rs. 337.90, up by 9.70 points or 2.96% from its previous closing of Rs. 328.20 on the BSE. The scrip opened at Rs. 345.00 and has touched a high and low of Rs. 348.00 and Rs. 336.25 respectively. So far 50227 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 348.00 on 31-Aug-2023 and a 52 week low of Rs. 138.90 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs....
DCX Systems move higher on executing Joint Venture Agreement with ELTA Systems
DCX Systems move higher on executing Joint Venture Agreement with ELTA Systems
Source: Accord Fintech
31/08/2023 10:32:15 AM
Garware Technical Fibres net profit before tax increases by 54% in Q1 FY24 Garvare Technical Fibres Ltd., a leading manufacturer of technical textiles for the Indian and global markets, today announced its unaudited financial results for the quarter ended June 30, 2023 Consolidated: Q1 FY24 Highlights: Net Sales increased by 7% to Rs 325.7 Cr in Q1 FY24 as compared to Rs.304.5 Cr in Q1 FY23 Profit before tax increased by 54 % to 57.1 Cr in Q1 FY24  as compared to Rs.37.1 Cr in the same period last year Net profit after tax has increased by 52%...
Garware Technical Fibres net profit before tax increases by 54% in Q1 FY24
Garware Technical Fibres net profit before tax increases by 54% in Q1 FY24
Source: PR Agency
17/08/2023 10:58:16 AM
Hold Polycab India Ltd For Target Rs 4,612 - Religare Broking Ltd Strong topline growth: Polycab registered a strong topline growth of 42.1% YoY to Rs 3,889 Cr however declined by 10% sequentially on the account of high base. Revenue from domestic business stood at ~Rs 3,542 Cr (91.1% of overall revenue) while the international market witnessed exceptional growth of 88% YoY to ~Rs 345 Cr accounting 8.9% of the overall revenue. Amongst segments, Wires & Cables witnessed healthy demand in domestic as well as international markets with revenue of Rs 3,534 ...
Hold Polycab India Ltd For Target Rs 4,612 - Religare Broking Ltd
Hold Polycab India Ltd For Target Rs 4,612 - Religare Broking Ltd
Source: Religare Broking Ltd
20/07/2023 3:57:51 PM
Neutral Polycab India Ltd For Target Rs 4,505 - Yes Securities Ltd Result Synopsis Polycab continues to witness strong growth in its core category of wires and cables led by demand coming from the cables segment and strong traction in international business. Volume growth at 50-60% remains encouraging with cables continuing to outshine wires. Margins have surprised positively and is currently higher than the guidance on back of judicious price revisions and higher operating leverage. FMEG has remained subdued, however its key categories like Fans, Switche...
Neutral Polycab India Ltd For Target Rs 4,505 - Yes Securities Ltd
Neutral Polycab India Ltd For Target Rs 4,505 - Yes Securities Ltd
Source: Yes Securities Ltd
20/07/2023 3:42:41 PM
Hold Polycab India Ltd For Target Rs 4,100 - ICICI Securities Ltd Strong B2B demand; Model strong growth momentum in FY24-25 Polycab reported strong Q1FY24 with revenue and PAT growth of 42.1% and 80%, respectively YoY. Key drivers were (1) strong institutional demand due to revival in infrastructure, real estate and capex cycle, (2) 88% growth in exports and (3) distribution rejig. We model Polycab to maintain strong earnings CAGR of 24.3% over FY23-25E led by healthy demand from B2B sectors and correction in commodity prices. We also model FMEG segment...
Hold Polycab India Ltd For Target Rs 4,100 - ICICI Securities Ltd
Hold Polycab India Ltd For Target Rs 4,100 - ICICI Securities Ltd
Source: ICICI Securities Ltd
20/07/2023 12:23:19 PM
HFCL plans to further expand Optic Fiber capacity on backdrop of witnessing strong market demand for Optic Fiber Cable New Delhi: HFCL Limited, India’s leading technology enterprise offering communication network solutions for Telcos, Railways, and Defence sectors has announced the expansion of its current capacity of its high-quality optical fiber manufacturing from 10 million fiber km/per annum to 33.90 million fiber km/per annum instead of 24.94 million fiber km as planned earlier. This is in continuation to its earlier expansion plans announced for its existing sta...
HFCL plans to further expand Optic Fiber capacity on backdrop of witnessing strong market demand for Optic Fiber Cable
HFCL plans to further expand Optic Fiber capacity on backdrop of witnessing strong market demand for Optic Fiber Cable
Source: PR Agency
1/06/2023 3:36:26 PM
HFCL wins order ~Rs.221.95 Crores for supply of Point to Point Unlicensed Band Radios (UBRs) and Optical Fiber Cables (OFC) HFCL Limited, India’s leading technology enterprise offering communication network solutions for Telcos, Railways, and Defence sectors announced its new order win worth ?221.95 crores for providing 700 Mbps and 1 Gbps Point-to-point Unlicensed Band Radios (UBRs) and Optical Fiber Cables (OFC). As part of the purchase order, HFCL will be supplying 700 Mbps and 1 Gbps point-to-point Unlicensed Band Radios (UBR) to Reliance Jio...
HFCL wins order ~Rs.221.95 Crores for supply of Point to Point Unlicensed Band Radios (UBRs) and Optical Fiber Cables (OFC)
HFCL wins order ~Rs.221.95 Crores for supply of Point to Point Unlicensed Band Radios (UBRs) and Optical Fiber Cables (OFC)
Source: PR Agency
24/05/2023 5:09:07 PM
Garware Technical Fibres consolidated net profit after tax increases by 11% in Q4 FY 23 Garware Technical Fibres Ltd. a leading manufacturer of technical textiles for the Indian and global markets, today announced its audited financial results for the quarter and year ended Mar 3•, 202 3. Consolidated: Q4 FY 23 Highlights: * Net Sales increased by 35 % on QoQ basis to Rs 370.5 Cr in Q4 FY23 as compared to Rs. 274. 6 cr in Q3 FY 23.  On YoY basis, there is an increase of 4% VS ...
Garware Technical Fibres consolidated net profit after tax increases by 11% in Q4 FY 23
Garware Technical Fibres consolidated net profit after tax increases by 11% in Q4 FY 23
Source: PR Agency
24/05/2023 3:43:56 PM
Buy Polycab India Ltd For Target Rs 3,600 - Emkay Global Financial Services Polycab reported PAT of Rs4.3bn during the quarter, 8%/16% ahead of Emkay/Consensus estimates on account of 130-180bps higher margin. Cables and Wires (C&W) reported 15% YoY sales growth. On a YoY basis, C&W margin improved by ~300bps to 14.5% due to strong growth in the international business, select high-margin domestic products, and judicious price revisions. FMEG performance remained subdued, with a 20% YoY decline in sales and marginally negative EBIT because of higher ad spends,...
Buy Polycab India Ltd For Target Rs 3,600 - Emkay Global Financial Services
Buy Polycab India Ltd For Target Rs 3,600 - Emkay Global Financial Services
Source: Emkay Global Financial Services
21/05/2023 2:20:23 PM
India`s RR Kable files for IPO to raise up to $27.5 million -draft prospectus Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million, according to its draft prospectus filed to India's market regulator and seen by Reuters. RR Kabel, India's fifth largest branded wires and cable manufacturer, plans to use funds raised through the IPO to repay or prepay borrowings, in part or in full, from banks and financial institutions, according to the prospectus. ...
India`s RR Kable files for IPO to raise up to $27.5 million -draft prospectus
India`s RR Kable files for IPO to raise up to $27.5 million -draft prospectus
Source: Reuters
8/05/2023 9:14:20 AM
KEI Industries falls despite reporting 19% rise in Q4 net profit KEI Industries is currently trading at Rs. 1863.00, down by 19.60 points or 1.04% from its previous closing of Rs. 1882.60 on the BSE.   The scrip opened at Rs. 1940.05 and has touched a high and low of Rs. 1940.05 and Rs. 1861.60 respectively. So far 6803 shares were traded on the counter.   The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,940.05 on 03-May-2023 and a 52 week low of Rs. 1040.55 on 12-May-2022.   Last one ...
KEI Industries falls despite reporting 19% rise in Q4 net profit
KEI Industries falls despite reporting 19% rise in Q4 net profit
Source: Accord Fintech
3/05/2023 1:10:49 PM
Advait Infratech jumps on bagging order worth Rs 10.85 crore Advait Infratech is currently trading at Rs. 285.00, up by 4.95 points or 1.77% from its previous closing of Rs. 280.05 on the BSE. The scrip opened at Rs. 285.00 and has touched a high and low of Rs. 285.00 and Rs. 285.00 respectively. So far 1000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 431.80 on 11-Jan-2023 and a 52 week low of Rs. 58.00 on 07-Mar-2022. Last one week high and low of the scrip stood at...
Advait Infratech jumps on bagging order worth Rs 10.85 crore
Advait Infratech jumps on bagging order worth Rs 10.85 crore
Source: Accord Fintech
23/02/2023 12:09:56 PM
Garware Technical Fibres announces FY23 Q3 Results Hyderabad : Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.), a leading manufacturer of technical textiles for the Indian and global markets, today announced its unaudited financial results for the quarter and nine months ended Dec 31, 2022.   Consolidated: Q3 FY23 Highlights: * Net Sales decreased by 11%to Rs. 274.6 Cr in Q3FY23 as compared to Rs. 308.1 Cr in Q3 FY22 * Profit before tax decreased by 9% to Rs. 46.6 Cr in Q3FY23 as compared to Rs. 50.9 Cr ...
Garware Technical Fibres announces FY23 Q3 Results
Garware Technical Fibres announces FY23 Q3 Results
Source: PR Agency
11/02/2023 4:52:41 PM
Buy Polycab India Ltd For Target Rs 3,455 Anand Rathi Share and Stock Brokers Polycab, India Seeding growth lever with changed FMEG revenue mix; retaining a Buy Strong volume growth and the greater contribution from Wires, which supported margin expansion, were Polycab, India’s key positives for Q3FY23. Its foray into EHV cables could be a growth lever. Its targeted change in its FMEG revenue mix could help expand margins. Strong volume growth, rising contribution from wires, key Q3 positives. Polycab’s Q3FY23 revenue increased 10% y/y as revenu...
Buy Polycab India Ltd For Target Rs 3,455 Anand Rathi Share and Stock Brokers
Buy Polycab India Ltd For Target Rs 3,455 Anand Rathi Share and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
24/01/2023 2:04:47 PM
Accumulate Polycab India Ltd For Target Rs 3,146 Religare Broking Wires & Cables drove the growth: Polycab reported its Q3FY23 revenue at Rs 3,715 Cr registering a growth of 10.2% YoY, on the back of strong business and healthy volumes in wires & cables segments. Amongst segments, Wires & Cables segment accounts for 88.5% of the total revenue saw a growth of 11.4% YoY and a volumes growth stood at 18% YoY. Its Fast Moving Electrical Goods (FMEG) growth remained flat at 0.5% YoY due to challenging business environment, however on sequential ba...
Accumulate Polycab India Ltd For Target Rs 3,146 Religare Broking
Accumulate Polycab India Ltd For Target Rs 3,146 Religare Broking
Source: Religare Broking Ltd
24/01/2023 10:30:52 AM
Finolex Cables surges on launching electric irons Finolex Cables is currently trading at Rs. 551.20, up by 5.30 points or 0.97% from its previous closing of Rs. 545.90 on the BSE. The scrip opened at Rs. 535.65 and has touched a high and low of Rs. 556.00 and Rs. 535.65 respectively. So far 13958 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 593.90 on 30-Nov-2022 and a 52 week low of Rs. 344.00 on 19-May-2022. Last one week high and low of the scrip stood at ...
Finolex Cables surges on launching electric irons
Finolex Cables surges on launching electric irons
Source: Accord Fintech
5/01/2023 3:40:45 PM
High Conviction Idea : Buy Polycab India Ltd For Target Rs.2,912 - Religare Broking Wired for growth Market Leader in Wires & Cables: Polycab is the largest manufacturer of wires and cables in India and enjoys 22-24% market share in the organized market. The company has Pan India distribution network with 4,600+ dealers & distributors and 2,00,000+ retail outlets. Apart from this segment, Polycab also manufactures wide range of consumer electrical products like Fans, Switches, Switchgear, LED lights and Luminaries, Solar Inverters and Pumps. It has 23 manufacturin...
High Conviction Idea : Buy Polycab India Ltd For Target Rs.2,912 - Religare Broking
High Conviction Idea : Buy Polycab India Ltd For Target Rs.2,912 - Religare Broking
Source: Religare Broking Ltd
13/12/2022 12:39:53 PM
IPO Note : DCX Systems Limited By Choice Broking Salient features of the IPO: * Bengaluru based, DCX Systems Ltd. (DCX) a contract manufacturer primarily engaged in executing defence offset obligations, is coming up with an IPO to raise Rs. 500cr, which opens on 31st Oct. and closes on 2nd Nov. 2022. The price band is Rs. 197 - 207 per share. * The IPO is a combination of fresh issue and OFS portion. DCX will not receive any proceeds from the OFS portion. Of the fresh issue net proceeds, Rs. 110cr will be utilized for the prepayment/r...
IPO Note : DCX Systems Limited By Choice Broking
IPO Note : DCX Systems Limited By Choice Broking
Source: Choice Broking Pvt Ltd
29/10/2022 9:29:29 AM
IPO Note : DCX Systems Limited By Nirmal Bang DCX Systems Ltd (DCX) is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability in the defence and aerospace sector. With commencement of operations in 2011, DCX Systems is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and are also involved in kitting. Objects and Details of the Issue: The public issue consists of fresh Issue of Equity ...
IPO Note : DCX Systems Limited By Nirmal Bang
IPO Note : DCX Systems Limited By Nirmal Bang
Source: Nirmal Bang Ltd
28/10/2022 4:41:09 PM
IPO Note : DCX Systems Limited By Angel One DCX Systems Limited : SUBSCRIBE Issue Open: October 31, 2022 Issue Close: November 02, 2022 Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. The company has been a preferred Indian Offset Partner ("IOP") for foreign original equipment manufacturers ("OEMs") and for executing aerospace and defense manufacturing projects. DSL is primarily engaged in system integ...
IPO Note : DCX Systems Limited By Angel One
IPO Note : DCX Systems Limited By Angel One
Source: Angel One Ltd
27/10/2022 11:42:31 AM
Hold Polycab India Ltd For Target Rs.2,700 - ICICI Securities Polycab reported strong revenues in Q2FY23 in-spite of price corrections in its cables & wires business (3-year CAGR: 15.4%). Steep inflation led revenue decline of FMEG segment. While carry-over of pricing actions and correction in raw material prices led to recovery in EBITDA margin (expanded 309bps YoY), EBIT margin of FMEG segment was lower due to likely higher trade and brand building investments. We revise our earnings estimates to factor-in Q2FY23 and model Polycab to report revenu...
Hold Polycab India Ltd For Target Rs.2,700 - ICICI Securities
Hold Polycab India Ltd For Target Rs.2,700 - ICICI Securities
Source: ICICI Securities Ltd
19/10/2022 11:16:21 AM
KEC International gains on securing new orders of Rs 1,108 crore KEC International is currently trading at Rs. 441.75, up by 12.40 points or 2.89% from its previous closing of Rs. 429.35 on the BSE. The scrip opened at Rs. 435.00 and has touched a high and low of Rs. 450.00 and Rs. 435.00 respectively. So far 49827 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 550.00 on 26-Oct-2021 and a 52 week low of Rs. 345.15 on 12-May-2022. Last one week high and low of the scrip stood...
KEC International gains on securing new orders of Rs 1,108 crore
KEC International gains on securing new orders of Rs 1,108 crore
Source: Accord Fintech
14/09/2022 10:04:09 AM
Veto Switchgears & Cables Ltd has declared 10% Final dividend for the financial year March 2022 Veto Switchgears & Cables Ltd. on Thursday, 26 May 2022, has announced Final dividend of 10 percent on Equity Share, to its shareholders holding shares on the register on Thursday, 22 September 2022 (Bookclosure). The ex-dividend date will be 20 September 2022. The last five dividends are 10% Final dividend (Ex Date : 21 September 2021), 20% Final dividend (Ex Date : 25 September 2018), 10% Final dividend (Ex Date : 25 September 2017), 10% Interim dividend (Ex Date : 22 February 2017) and...
Veto Switchgears & Cables Ltd has declared 10% Final dividend for the financial year March 2022
Veto Switchgears & Cables Ltd has declared 10% Final dividend for the financial year March 2022
Source: Dion Global Services Ltd.
7/09/2022 10:34:11 AM
KEI Industries Q1 net profit jumps 54.63% at Rs 103.77 cr The company reported standalone net profit of Rs 103.77 crore for the quarter ended June 30, 2022 as compared to Rs 67.11 crore in the same period last year, registering a year-on-year growth of 54.63 per cent. Net revenue of the company rose substantially by 53.84 per cent at Rs 1,565.41 crore in April-June quarter of this fiscal as against Rs 1,017.56 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 55.53 per cent to Rs 1,405.78 cror...
KEI Industries Q1 net profit jumps 54.63% at Rs 103.77 cr
KEI Industries Q1 net profit jumps 54.63% at Rs 103.77 cr
Source: Dion Global Solutions Ltd
27/07/2022 10:44:52 AM
Buy Garware Technical Fibres Ltd For Target Rs.3,695 - ICICI Direct Niche technical textile player with innovative products About the stock: Garware Technical Fibres (GTFL) is one of India’s leading players in the technical textiles sector and a major supplier of aquaculture cage nets to the global salmon farming industry (40% market share). GTFL also has a dominant market position in providing solutions to the domestic marine fisheries and a growing presence in sports nets and geosynthetics. * The company has transitioned from being a provider of...
Buy Garware Technical Fibres Ltd For Target Rs.3,695 - ICICI Direct
Buy Garware Technical Fibres Ltd For Target Rs.3,695 - ICICI Direct
Source: ICICI Direct
6/07/2022 12:19:30 PM
Government considering to roll out PLI scheme for apparel sector to boost exports: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that the government is considering to roll out the production-linked incentive (PLI) scheme for the apparel sector to boost domestic manufacturing and exports. He said that discussions on the same are underway between the textiles ministry, the department for promotion of industry and internal trade (DPIIT) and Niti Aayog. He noted that the government has announced the PLI scheme with an outlay of Rs 1.97 lakh crore for over a dozen sectors...
Government considering to roll out PLI scheme for apparel sector to boost exports: Piyush Goyal
Government considering to roll out PLI scheme for apparel sector to boost exports: Piyush Goyal
Source: Accord Fintech
27/06/2022 12:25:30 PM
Hold Polycab India Ltd For Target Rs.2,250 - ICICI Securities Market share gains continue and launch of new brand targeting value-for-money consumers Polycab India’s double digit volume growth led by distribution expansion and new product launches resulted in market share gains in organised wires and cables segment in FY22. It also launched an economy segment brand Etira, with housing wires and plans to expand its product portfolio aggressively to gain market share in semi-urban and rural areas. Due to large capex and high working capital inves...
Hold Polycab India Ltd For Target Rs.2,250 - ICICI Securities
Hold Polycab India Ltd For Target Rs.2,250 - ICICI Securities
Source: ICICI Securities Ltd
15/06/2022 1:57:38 PM
HFCL shines on bagging purchase orders worth Rs 73.39 crore HFCL is currently trading at Rs. 65.15, up by 1.40 points or 2.20% from its previous closing of Rs. 63.75 on the BSE. The scrip opened at Rs. 63.65 and has touched a high and low of Rs. 65.25 and Rs. 63.45 respectively. So far 83344 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.35 on 17-Jan-2022 and a 52 week low of Rs. 47.95 on 14-Jun-2021. Last one week high and low of the scrip stood at Rs. 65.35 and Rs...
HFCL shines on bagging purchase orders worth Rs 73.39 crore
HFCL shines on bagging purchase orders worth Rs 73.39 crore
Source: Accord Fintech
10/06/2022 9:43:06 AM
Relicab Cable Manufacturing trades jubilantly on planning to migrate to main board of BSE Relicab Cable Manufacturing is currently trading at Rs. 58.00, up by 9.10 points or 18.61% from its previous closing of Rs. 48.90 on the BSE. The scrip opened at Rs. 49.50 and has touched a high and low of Rs. 58.00 and Rs. 49.50 respectively. So far 6000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.00 on 08-Jun-2022 and a 52 week low of Rs. 22.10 on 26-Aug-2021. The promoters holding in the company stood...
Relicab Cable Manufacturing trades jubilantly on planning to migrate to main board of BSE
Relicab Cable Manufacturing trades jubilantly on planning to migrate to main board of BSE
Source: Accord Fintech
8/06/2022 12:37:45 PM
HFCL soars on bagging order of Rs 237.25 crore for supply of OFC HFCL is currently trading at Rs. 64.50, up by 1.50 points or 2.38% from its previous closing of Rs. 63.00 on the BSE. The scrip opened at Rs. 64.35 and has touched a high and low of Rs. 64.85 and Rs. 64.00 respectively. So far 136849 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.35 on 17-Jan-2022 and a 52 week low of Rs. 42.65 on 01-Jun-2021. Last one week high and low of the scrip stood at Rs. 64.85 and R...
HFCL soars on bagging order of Rs 237.25 crore for supply of OFC
HFCL soars on bagging order of Rs 237.25 crore for supply of OFC
Source: Accord Fintech
1/06/2022 10:02:47 AM
Birla Cable Q4 net profit jumps 67.14% at Rs 10.58 cr The company reported standalone net profit of Rs 10.58 crore for the quarter ended March 31, 2022 as compared to Rs 6.33 crore in the same period last year, registering a year-on-year growth of 67.14 per cent. Net revenue of the company rose substantially by 36.34 per cent at Rs 162.19 crore in January-March quarter of this fiscal as against Rs 118.96 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 35.11 per cent to Rs 144.73 crore fr...
Birla Cable Q4 net profit jumps 67.14% at Rs 10.58 cr
Birla Cable Q4 net profit jumps 67.14% at Rs 10.58 cr
Source: Dion Global Solutions Ltd
25/05/2022 12:16:58 PM
Universal Cables Q4 net profit jumps 95.52% at Rs 15.29 cr The company reported standalone net profit of Rs 15.29 crore for the quarter ended March 31, 2022 as compared to Rs 7.82 crore in the same period last year, registering a year-on-year growth of 95.52 per cent. Net revenue of the company rose substantially by 40.97 per cent at Rs 594.23 crore in January-March quarter of this fiscal as against Rs 421.53 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 40.27 per cent to Rs 546.44 crore fr...
Universal Cables Q4 net profit jumps 95.52% at Rs 15.29 cr
Universal Cables Q4 net profit jumps 95.52% at Rs 15.29 cr
Source: Dion Global Solutions Ltd
24/05/2022 11:01:42 AM
Technical Stock Idea - Buy Polycab India​​​​​​​ Ltd For Target Rs.2300-2250 Monarch Networth Capital Polycab India Ltd Stock was in up-trend from March 2020 till Sept 2021 and since then went into time and price wise consolidation. Recently stock managed to take support at 50 EMA on weekly chart and since then prices have shown positive development in last couple of weeks. Also, it is evident that prices are moving in higher top higher bottom formation as highlighted with up-ward sloping support line with black color. Recommendation is to buy at current market price or on dip near...
Technical Stock Idea - Buy Polycab India​​​​​​​ Ltd For Target Rs.2300-2250 Monarch Networth Capital
Technical Stock Idea - Buy Polycab India​​​​​​​ Ltd For Target Rs.2300-2250 Monarch Networth Capital
Source: Monarch Networth Capital Ltd
16/05/2022 2:18:25 PM
BUY Polycab India Ltd For Target Rs.s 2,965 - Centrum Broking Healthy growth and margin expansion drive earnings beat POLYCAB posted 35% YoY growth in Q4FY22 revenue to Rs39.7bn, 7%/11% above our/consensus estimates. Growth was aided by Wires & Cables segment (+40% YoY to Rs35.4bn) while FMEG growth was softer (+9% YoY to Rs3.8bn). To counter cost inflation, POLYCAB took single-digit price hike, thus, limiting the QoQ decline in gross margin to 40bps at 22.2%. Aided by operating leverage, EBITDA margin was 70bps above our/consensus estimates each...
BUY Polycab India Ltd For Target Rs.s 2,965 - Centrum Broking
BUY Polycab India Ltd For Target Rs.s 2,965 - Centrum Broking
Source: Centrum Broking Ltd
13/05/2022 11:24:44 AM
BUY Polycab India Ltd For Target Rs.s 3,061 - Yes Securities Strong growth momentum to continue; reiterate BUY as we expect further re‐rating Result Synopsis Polycab saw strong growth in its core category of wires and cables which delivered 39% yoy growth. Growth was on back of strong traction in distribution B2C business; however institutional business growth was subdued on sequential basis. FMEG continued to face challenges in terms of supply and softer demand. Management expects strong growth momentum to continue in B2C and rebound in institut...
BUY Polycab India Ltd For Target Rs.s 3,061 - Yes Securities
BUY Polycab India Ltd For Target Rs.s 3,061 - Yes Securities
Source: Yes Securities Ltd
12/05/2022 11:46:32 AM
Vindhya Telelink Q3 net profit up 34.38% at Rs 18.37 cr The company reported standalone net profit of Rs 18.37 crore for the quarter ended December 31, 2021 as compared to Rs 13.67 crore in the same period last year, registering a year-on-year growth of 34.38 per cent. Net revenue of the company declined moderately by 10.37 per cent at Rs 302.18 crore in October-December quarter of this fiscal as against Rs 337.16 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 9.60 per cent t...
Vindhya Telelink Q3 net profit up 34.38% at Rs 18.37 cr
Vindhya Telelink Q3 net profit up 34.38% at Rs 18.37 cr
Source: Dion Global Solution Ltd
11/02/2022 10:59:39 AM
Buy Polycab India Ltd For Target Rs. 3000 - ICICI Direct Strong revenue growth; high inflation drags margin… About the stock: Polycab is the largest manufacturer of wire & cable in India. The company also entered the fast moving electrical goods (FMEG) space in 2014 and has recorded strong segment revenue CAGR of 43% in the last five years. * Polycab is the market leader in the wire & cable business with organised market share of 23%. In the FMEG segment, it is growing through new product launches and dealer addition across Ind...
Buy Polycab India Ltd For Target Rs. 3000 - ICICI Direct
Buy Polycab India Ltd For Target Rs. 3000 - ICICI Direct
Source: ICICI Direct
31/01/2022 9:25:40 AM
Buy Polycab India ltd For Target Rs.3,000 - Centrum Broking Sequential margin recovery a key positive Polycab India (POLYCAB) reported highest ever quarterly revenue of Rs33.7bn, up 23% YoY and 6%/3% above our/consensus estimates. Wires & Cables sales grew 25% YoY to Rs29.9bn. While cables saw good uptick owing to pick up in private capex across industries, wires growth was impacted due to weak trade sentiments amid copper price volatility and fear of lockdown. FMEG sales grew 11% YoY to Rs3.4bn on a high base and amidst a challenging environme...
Buy Polycab India ltd For Target Rs.3,000 - Centrum Broking
Buy Polycab India ltd For Target Rs.3,000 - Centrum Broking
Source: Centrum Broking Ltd
28/01/2022 9:53:46 AM
Buy Polycab India Ltd For Target Rs.3,053 - Yes Securities Getting its act together to execute Project Leap, reiterate BUY as we expect further re‐rating Result Synopsis Polycab saw growth rebounding in B2B and institutional segments led by increase in private capex in real estate, renewable energy and infrastructure sectors. B2C business has been impacted by material inflation and pandemic uncertainty. Management expects growth in B2C to rebound from February onwards as pick up in new launches and rural/influencer outreach programs continue to...
Buy Polycab India Ltd For Target Rs.3,053 - Yes Securities
Buy Polycab India Ltd For Target Rs.3,053 - Yes Securities
Source: Yes Securities Ltd
25/01/2022 9:52:07 AM
Buy Sterlite Technologies Ltd For Target Rs.330 - Yes Securities Mixed operating performance in the quarter Our view Overall, mixed operating performance, led by this one off provision in the quarter. We expect it to be a minor blip and performance should pick up from Q4FY21. It is expected to be a major beneficiary of digital upcycle trend over the next decade, led by 5G and FTTx. Capex intensity will decline going ahead and it will lead to deleveraging of the balance sheet. We maintain our current BUY rating on the stock with revised target price o...
Buy Sterlite Technologies Ltd For Target Rs.330 - Yes Securities
Buy Sterlite Technologies Ltd For Target Rs.330 - Yes Securities
Source: Yes Securities Ltd
21/01/2022 9:20:29 AM
Buy Polycab India Ltd For Target Rs.2,723 - Yes Securities Ticking all boxes needed for continued re-rating * Polycab India (POLYCAB IN) is the largest player in wires and cables space with market share of ~22% in organized wires and cables space. It has one of the widest and most diverse product portfolios with highest in-house manufacturing capabilities. Company manufacturers wires and cables at two locations Halol and Daman with cumulative manufacturing capacity of 3.7mn kms. Wires and Cables contribute lion’s share (~84%) to the to the o...
Buy Polycab India Ltd For Target Rs.2,723 - Yes Securities
Buy Polycab India Ltd For Target Rs.2,723 - Yes Securities
Source: Yes Securities Ltd
10/01/2022 10:08:38 AM
Birla Cable jumps on incorporating subsidiary company in Dubai Birla Cable is currently trading at Rs. 107.55, up by 3.05 points or 2.92% from its previous closing of Rs. 104.50 on the BSE. The scrip opened at Rs. 113.50 and has touched a high and low of Rs. 113.50 and Rs. 105.25 respectively. So far 22079 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.00 on 22-Jun-2021 and a 52 week low of Rs. 54.00 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs....
Birla Cable jumps on incorporating subsidiary company in Dubai
Birla Cable jumps on incorporating subsidiary company in Dubai
Source: Accord Fintech
3/01/2022 2:33:13 PM
Buy KEI Industries Ltd For Target Rs.1,150 - Edelweiss Financial Services Consistent and visible retail ramp-up Impressive 65%-plus YoY growth vis-a-vis 2Y average in retail house wires for Q2FY22 implies an uptick in the share of pure retail business for KEI. While revenue beat in C&W lags peers, KEI managed GM far better. Directional transition/focus towards retail augurs well for KEI. Despite a marginal EBITDA miss (GM-led), KEI’s rising focus on retail business is clearly leading company-level growth with pure house wires at a healthy 26%-plus o...
Buy KEI Industries Ltd For Target Rs.1,150 - Edelweiss Financial Services
Buy KEI Industries Ltd For Target Rs.1,150 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
8/12/2021 9:57:51 AM
Buy Sterlite Technologies Ltd For Target Rs.386 - Edelweiss Financial Services Growth prospects lighting up We interacted with the new MD of Sterlite Technologies (Sterlite), Mr. Ankit Agarwal. Key highlights: i) Demand for fibre products is robust with resources for on-ground execution being the key constraint. ii) The company has hired industry veterans for key leadership positions, and the focus is now on execution. iii) Sterlite had identified the shift to software-defined networks early on and has built capabilities to capitalise on it. iv) Confident of achievin...
Buy Sterlite Technologies Ltd For Target Rs.386 - Edelweiss Financial Services
Buy Sterlite Technologies Ltd For Target Rs.386 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
30/11/2021 9:23:19 AM
Small Cap : Accumulate Finolex Cables Ltd For Target Rs.663 - Geojit Financial EBITDA margins steady...growth outlook positive... Finolex Cables Ltd (FCL) is India's largest manufacturer of electrical (80% of revenue) and telecommunication cables (16%). FCL has a wide distribution network with a high brand recall. * Q2FY22 revenue & PAT grew by 45% & 117% YoY, supported by healthy growth across all segments. * Gross margin declined by 400bps YoY, but fall in EBITDA margins was limited to 10bps YoY to 12.8%, owing to cost rationalization. * Overal...
Small Cap : Accumulate Finolex Cables Ltd For Target Rs.663 - Geojit Financial
Small Cap : Accumulate Finolex Cables Ltd For Target Rs.663 - Geojit Financial
Source: Geojit Financial Services Ltd
25/11/2021 9:57:33 AM
Finolex Cables moves up on reporting 41.39% jump in Q2 consolidated net profit Finolex Cables is currently trading at Rs. 520.00, up by 15.90 points or 3.15% from its previous closing of Rs. 504.10 on the BSE. The scrip opened at Rs. 518.95 and has touched a high and low of Rs. 522.25 and Rs. 511.00 respectively. So far 10522 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 557.05 on 13-Jul-2021 and a 52 week low of Rs. 270.00 on 14-Nov-2020. Last one week high and low of the scrip stood at...
Finolex Cables moves up on reporting 41.39% jump in Q2 consolidated net profit
Finolex Cables moves up on reporting 41.39% jump in Q2 consolidated net profit
Source: Accord Fintech
15/11/2021 11:41:37 AM
Hold Sterlite Technologies Ltd For Target Rs. 295 - ICICI Direct Strong performance on benign base… About the stock: Sterlite Technologies (STL) is a leading telecommunication infrastructure player with offerings in optical fibre and cables, hyper-scale network design & deployment and network software. * STL has announced a fresh capex of | 200 crore to set up 9 mn Fkm optical fibre cable plant in the US and UK. Consequently, its overall optical fibre cable capacity is expected to expand from 33 mn Fkm to 42 mn Fkm * On the financia...
Hold Sterlite Technologies Ltd For Target Rs. 295 - ICICI Direct
Hold Sterlite Technologies Ltd For Target Rs. 295 - ICICI Direct
Source: ICICI Direct
5/08/2021 10:59:05 AM