News

Gravita India inches up as its step down arm starts commercial production of Lead from recycling plant in Togo Gravita India is currently trading at Rs. 749.40, up by 0.40 points or 0.05% from its previous closing of Rs. 749.00 on the BSE. The scrip opened at Rs. 745.05 and has touched a high and low of Rs. 760.30 and Rs. 742.40 respectively. So far 15720 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 773.30 on 17-Aug-2023 and a 52 week low of Rs. 297.00 on 28-Sep-2022. Last one week high and low of the scrip stood at R...
Gravita India inches up as its step down arm starts commercial production of Lead from recycling plant in Togo
Gravita India inches up as its step down arm starts commercial production of Lead from recycling plant in Togo
Source: Accord Fintech
29/08/2023 3:38:48 PM
Responsive Industries rises on securing orders from Indian Railways Responsive Industries is currently trading at Rs. 244.35, up by 4.25 points or 1.77% from its previous closing of Rs. 240.10 on the BSE. The scrip opened at Rs. 239.35 and has touched a high and low of Rs. 247.95 and Rs. 239.35 respectively. So far 13706 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 249.00 on 25-Aug-2023 and a 52 week low of Rs. 101.00 on 23-Dec-2022. Last one week high and low of the scrip st...
Responsive Industries rises on securing orders from Indian Railways
Responsive Industries rises on securing orders from Indian Railways
Source: Accord Fintech
29/08/2023 10:10:07 AM
Supreme Industries surges on inking MoUs to acquire business of Parvati Agro Plast Supreme Industries is currently trading at Rs. 4506.40, up by 60.90 points or 1.37% from its previous closing of Rs. 4445.50 on the BSE. The scrip opened at Rs. 4519.90 and has touched a high and low of Rs. 4564.20 and Rs. 4467.80 respectively. So far 9495 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4564.20 on 25-Aug-2023 and a 52 week low of Rs. 1853.30 on 25-Aug-2022. Last one week high and low of the scri...
Supreme Industries surges on inking MoUs to acquire business of Parvati Agro Plast
Supreme Industries surges on inking MoUs to acquire business of Parvati Agro Plast
Source: Accord Fintech
25/08/2023 3:48:24 PM
Ganesha Ecosphere zooms as its arm receives order from Moon Beverages Ganesha Ecosphere zooms as its arm receives order from Moon Beverages Aug-07-2023   10:52 Hrs IST Ganesha Ecosphere is currently trading at Rs. 1075.60, up by 82.65 points or 8.32% from its previous closing of Rs. 992.95 on the BSE. The scrip opened at Rs. 1070.95 and has touched a high and low of Rs. 1097.80 and Rs. 1040.00 respectively. So far 8066 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. ...
Ganesha Ecosphere zooms as its arm receives order from Moon Beverages
Ganesha Ecosphere zooms as its arm receives order from Moon Beverages
Source: Accord Fintech
7/08/2023 11:12:03 AM
Sell Supreme Industries Ltd For Target Rs.3,181 - Geojit Financial Services Ltd Volume beat expectation…..premium valuation a concern Supreme Industries Ltd. (SIL) is India’s leading player in plastic products; the company’s wide range of offerings include plastic piping systems, packaging, industrial and consumer products. • In Q1FY24, sales volume experienced robust YoY growth of 36%, primarily driven by agri. pipes. However, revenue growth was modest at 7% YoY due to a decline in PVC prices. • EBITDA showed strong growth of 20% YoY, and...
Sell Supreme Industries Ltd For Target Rs.3,181 - Geojit Financial Services Ltd
Sell Supreme Industries Ltd For Target Rs.3,181 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2/08/2023 2:23:05 PM
Plastic exports have potential to grow, says Piyush Goyal  Commerce minister Piyush Goyal on Friday said that country’s exports were stalled at around $500 million till 2020, but the scenario has changed in the last two years and the country has managed to touch the $776 million mark in the export sector. Out of the total exports, the plastic industry’s contribution was $12 billion and it has the potential to grow.  “The sector has the potential to add business opportunities, jobs for young generation, opportunities...
Plastic exports have potential to grow, says Piyush Goyal
Plastic exports have potential to grow, says Piyush Goyal
Source: IANS
8/07/2023 9:21:46 AM
Vikas Lifecare surges as its arm bags orders for supplying Ultra Sonic Gas Meters Vikas Lifecare is currently trading at Rs. 3.39, up by 0.09 points or 2.73% from its previous closing of Rs. 3.30 on the BSE. The scrip opened at Rs. 3.40 and has touched a high and low of Rs. 3.59 and Rs. 3.31 respectively. So far 10207718 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 6.84 on 17-Jun-2022 and a 52 week low of Rs. 2.66 on 24-May-2023. Last one week high and low of the scrip stood at Rs. 3.59 an...
Vikas Lifecare surges as its arm bags orders for supplying Ultra Sonic Gas Meters
Vikas Lifecare surges as its arm bags orders for supplying Ultra Sonic Gas Meters
Source: Accord Fintech
15/06/2023 2:39:17 PM
Indo Rama Synthetics zooms as its arm starts commercial production of `Bottle grade PET resins` Indo Rama Synthetics (India) is currently trading at Rs. 47.99, up by 5.22 points or 12.20% from its previous closing of Rs. 42.77 on the BSE. The scrip opened at Rs. 43.06 and has touched a high and low of Rs. 50.39 and Rs. 43.06 respectively. So far 63975 shares were traded on the counter. The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.50 on 03-Jun-2022 and a 52 week low of Rs. 36.60 on 28-Mar-2023. Last one week high and low of the scrip...
Indo Rama Synthetics zooms as its arm starts commercial production of `Bottle grade PET resins`
Indo Rama Synthetics zooms as its arm starts commercial production of `Bottle grade PET resins`
Source: Accord Fintech
5/06/2023 12:07:56 PM
Hold Mold-Tek Packaging Ltd For Target Rs.850 - ICICI Direct About the stock: Mold-Tek Packaging is a leading player in the rigid packaging business and is into manufacturing decorative packaging containers for paint, lubricant, FMCG & foods (F&F) industry. * It was the first to introduce in-mould label (IML) decorative products and QR coded packaging products in India * While new product launches helped drive profitability of the company, its balance sheet remained strong with RoCE, RoE of ~19%, ~16%, respectively (three-year average) ...
Hold Mold-Tek Packaging Ltd For Target Rs.850 - ICICI Direct
Hold Mold-Tek Packaging Ltd For Target Rs.850 - ICICI Direct
Source: ICICI Direct
23/05/2023 1:00:43 PM
Neutral Supreme Industries Ltd For Target Rs. 2, 909 - Yes Securities Result Synopsis Supreme Industries Ltd (SI) reported strong set of numbers, total volumes grew by 14.6%YoY & 6.5%QoQ. On the back of healthy agri?demand & strong infrastructure demand, plastic pipe biz registered a volume growth of 16%YoY & 8%QoQ to 112,293Te (10% above our est). Inventory gains of Rs600?700Mn enabled company to register superior EBIT/Kg of Rs29.3 as compared to Rs27/16.4 in Q4FY22/Q3FY23 respectively. Other biz’s cumulative volumes increased by 9%YoY &a...
Neutral Supreme Industries Ltd For Target Rs. 2, 909 - Yes Securities
Neutral Supreme Industries Ltd For Target Rs. 2, 909 - Yes Securities
Source: Yes Securities
8/05/2023 11:24:54 AM
Buy Supreme Industries Ltd For Target Rs. 3, 223 - Geojit Financial Services Ltd Volumes drive growth...Q4 margins impressive Supreme Industries Ltd. (SIL) is India’s leading player in plastic products; the company’s wide range of offerings include plastic piping systems, packaging, industrial and consumer products. • Revenue grew by 2% YoY in Q4FY23, was above expectation led by 15% YoY increase in volumes. • EBITDA grew by 23% YoY, whereas EBITDA margins improved by 320bps YoY to 18.5%, aided by scale benefits & volume growth. &bull...
Buy Supreme Industries Ltd For Target Rs. 3, 223 - Geojit Financial Services Ltd
Buy Supreme Industries Ltd For Target Rs. 3, 223 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
4/05/2023 12:26:31 PM
Time Technoplast soars on bagging order worth around Rs 54 crore Time Technoplast is currently trading at Rs. 83.47, up by 2.78 points or 3.45% from its previous closing of Rs. 80.69 on the BSE. The scrip opened at Rs. 83.70 and has touched a high and low of Rs. 84.60 and Rs. 83.05 respectively. So far 70245 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 125.90 on 02-Sep-2022 and a 52 week low of Rs. 69.55 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs. ...
Time Technoplast soars on bagging order worth around Rs 54 crore
Time Technoplast soars on bagging order worth around Rs 54 crore
Source: Accord Fintech
12/04/2023 10:16:46 AM
Add Prince Pipes and Fittings Ltd For Target Rs. 540 - ICICI Securities We recently interacted with the management of Prince Pipes and Fittings (PRINCPIP). The management indicated that in the ongoing quarter (Q4FY23), plumbing demand remained healthy, but agri demand has started picking up from end-Mar’23 only, which will thus, result in a muted quarter YoY. The demand for agri pipes (~30-35% of PRINCPIP revenue) has been delayed due to higher channel inventory build-up in Jan- Feb’23 and the management is hopeful of it reviving from Apr’23 and...
Add Prince Pipes and Fittings Ltd For Target Rs. 540 - ICICI Securities
Add Prince Pipes and Fittings Ltd For Target Rs. 540 - ICICI Securities
Source: ICICI Securities
3/04/2023 2:40:33 PM
Accumulate Prince Pipes and Fittings Ltd For Target Rs. 635 - Geojit Financial Services Ltd Strong volumes growth... Prince Pipes & Fittings Ltd. (PPFL) is one of the leading manufacturers of plastic pipes in India, with 5.5% of the overall market share. Products are marketed under the brand names: Prince Piping Systems and Trubore * 9MFY23, revenue grew by 11% YoY, led by 21% YoY volume growth. * The volume growth was fueled by agriculture and stable plumbing demand as well as channel re-stocking. * EBITDA declined by 63% YoY, largely due to inventory loss and a hig...
Accumulate Prince Pipes and Fittings Ltd For Target Rs. 635 - Geojit Financial Services Ltd
Accumulate Prince Pipes and Fittings Ltd For Target Rs. 635 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
3/04/2023 2:09:26 PM
Mold-Tek Packaging gains on starting commercial operations of new unit in Hyderabad Mold-Tek Packaging is currently trading at Rs. 913.00, up by 3.70 points or 0.41% from its previous closing of Rs. 909.30 on the BSE. The scrip opened at Rs. 908.65 and has touched a high and low of Rs. 915.15 and Rs. 892.10 respectively. So far 4065 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1123.05 on 02-Feb-2023 and a 52 week low of Rs. 648.05 on 12-May-2022. Last one week high and low of the scrip stood...
Mold-Tek Packaging gains on starting commercial operations of new unit in Hyderabad
Mold-Tek Packaging gains on starting commercial operations of new unit in Hyderabad
Source: Accord Fintech
28/03/2023 1:54:40 PM
Kabra Extrusiontechnik surges on acquiring entire stake in Kolsite Energy Kabra Extrusiontechnik is currently trading at Rs. 580.70, up by 14.55 points or 2.57% from its previous closing of Rs. 566.15 on the BSE. The scrip opened at Rs. 571.80 and has touched a high and low of Rs. 595.00 and Rs. 556.05 respectively. So far 20488 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 644.65 on 09-Feb-2023 and a 52 week low of Rs. 256.00 on 20-Jun-2022. Last one week high and low of the scrip ...
Kabra Extrusiontechnik surges on acquiring entire stake in Kolsite Energy
Kabra Extrusiontechnik surges on acquiring entire stake in Kolsite Energy
Source: Accord Fintech
9/03/2023 12:31:14 PM
Buy Prince Pipes & Fittings Ltd For Target Rs.660 - JM Financial Institutional Securities Improving outlook We recently hosted the management of Prince Pipes (Prince) in Singapore for a non-deal road show. Discussions with investors revolved around – 1) plumbing and agri segment demand outlook, 2) PVC resin prices outlook and its impact on the industry, 3) the company’s expansion into new product categories, 4) distribution expansion, branding and investment in technology, and 5) Prince’s market share and competitive intensity in the sector. According to the m...
Buy Prince Pipes & Fittings Ltd For Target Rs.660 - JM Financial Institutional Securities
Buy Prince Pipes & Fittings Ltd For Target Rs.660 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/03/2023 1:47:55 PM
Buy Astral Ltd For Target Rs 2,295 - ICICI Securities Smart Alpha: Robust volume outlook in pipes for H2FY23E with margin improvement QoQ In our view, Astral (ASTRA) stock appears well positioned to gain (in absolute term) in the immediate near term as volumes are expected to pick-up in pipe segment (from Q3) and also margins are likely to normalise (in Q4FY23E) as PVC prices have stabilised (post ~34% decline in FY23-TD). Additionally, with correction in adhesive input prices like VAM (down ~49% in FY23-YTD), margin in this business should a...
Buy Astral Ltd For Target Rs 2,295 - ICICI Securities
Buy Astral Ltd For Target Rs 2,295 - ICICI Securities
Source: ICICI Securities Ltd
27/02/2023 2:21:50 PM
Reduce ASTRAL Ltd For Target Rs.1,752 - Yes Securities Expensive valuations, assign REDUCE! Result Synopsis Astral Ltd reported stellar volumes of 45,859Te in pipe biz (73% of revenue), a growth of 30%YoY & 13%QoQ (3-year CAGR: 13%), owing to healthy demand from pluming segment. ASP came in at Rs203/Kg as compared to Rs244/Rs205 in Q3FY22/Q2FY23 respectively. EBITDA/kg for the quarter stood at Rs31 Vs Rs49/Rs28 in Q3FY22/Q2FY23 respectively. Adhesive’s biz (27% of biz) registered a revenue growth of 31%YoY & flattish QoQ to Rs...
Reduce ASTRAL Ltd For Target Rs.1,752 - Yes Securities
Reduce ASTRAL Ltd For Target Rs.1,752 - Yes Securities
Source: Yes Securities Ltd
21/02/2023 12:18:13 PM
Add Prince Pipes and Fittings Ltd For Target Rs. 685 - Yes Securities Robust volume growth, Retain ADD! Result Synopsis Prince Pipes & Fitting Ltd (PP&F), registered a strong quarter wherein revenue grew by 6%YoY & 11%QoQ. Volume in Q3 showed robust growth of 35%YoY &14%QoQ to 43,693Te, driven by strong volume growth on account of restocking at dealers?end and robust demand from both plumbing & agri?segment. ASP declined from Rs205/Rs165 in Q3FY22/Q2FY23 respectively to Rs162/kg, owing to fall in PVC prices during Oct?Dec’22 (inv...
Add Prince Pipes and Fittings Ltd For Target Rs. 685 - Yes Securities
Add Prince Pipes and Fittings Ltd For Target Rs. 685 - Yes Securities
Source: Yes Securities Ltd
10/02/2023 3:06:55 PM
Vikas Lifecare trades higher on the BSE Vikas Lifecare is currently trading at Rs. 4.56, up by 0.08 points or 1.79% from its previous closing of Rs. 4.48 on the BSE. The scrip opened at Rs. 4.54 and has touched a high and low of Rs. 4.65 and Rs. 4.50 respectively. So far 517743 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.15 on 21-Jan-2022 and a 52 week low of Rs. 3.63 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 4.65 and ...
Vikas Lifecare trades higher on the BSE
Vikas Lifecare trades higher on the BSE
Source: Accord Fintech
17/01/2023 12:12:52 PM
Vikas Ecotech spurts as its R&D division collaborates with King Khalid University Vikas Ecotech is currently trading at Rs. 3.40, up by 0.08 points or 2.41% from its previous closing of Rs. 3.32 on the BSE. The scrip opened at Rs. 3.34 and has touched a high and low of Rs. 3.48 and Rs. 3.34 respectively. So far 491490 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 6.90 on 31-Jan-2022 and a 52 week low of Rs. 2.94 on 26-Sep-2022. Last one week high and low of the scrip stood at Rs. 3.48 and R...
Vikas Ecotech spurts as its R&D division collaborates with King Khalid University
Vikas Ecotech spurts as its R&D division collaborates with King Khalid University
Source: Accord Fintech
17/01/2023 10:51:09 AM
Supreme Petrochem rises on obtaining consent to operate for PS, EPS capacity expansion projects Supreme Petrochem is currently trading at Rs. 796.00, up by 5.40 points or 0.68% from its previous closing of Rs. 790.60 on the BSE. The scrip opened at Rs. 809.00 and has touched a high and low of Rs. 809.00 and Rs. 789.65 respectively. So far 1175 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1027.05 on 28-Mar-2022 and a 52 week low of Rs. 630.00 on 21-Feb-2022. Last one week high and low of the scrip stood ...
Supreme Petrochem rises on obtaining consent to operate for PS, EPS capacity expansion projects
Supreme Petrochem rises on obtaining consent to operate for PS, EPS capacity expansion projects
Source: Accord Fintech
2/01/2023 10:58:25 AM
Buy Prince Pipes & Fittings Ltd For Target Rs.660 - ICICI Securities Tepid quarter due to inventory losses; outlook better Prince Pipes and Fittings (PRINCPIP) reported revenue decline of 16.4% YoY (+5% QoQ; 3-year CAGR of 14%) in Q2FY23 with volumes down 10.2% YoY (3-year CAGR of 3.6%) as dealers de-stocked due to fall in PVC prices. Profitability was severely impacted due to heavy inventory losses of Rs800-850mn (gross margin declined 14.9ppt / 7.7ppt YoY / QoQ), which was due to a steep fall in PVC prices (~23% decline QoQ). This led to an EBIDTA/APAT lo...
Buy Prince Pipes & Fittings Ltd For Target Rs.660 - ICICI Securities
Buy Prince Pipes & Fittings Ltd For Target Rs.660 - ICICI Securities
Source: ICICI Securities Ltd
14/12/2022 10:53:07 AM
Buy Sheela Foam Ltd For Target Rs.3410 - ICICI Direct Weak demand hurts topline growth… About the stock: Sheela Foam (SFL) is the market leader in domestic mattresses industry with a value market share of ~25% in organised segment. The company’s “Sleepwell” is one of the leading brands in the domestic mattresses industry. Apart from India (contributes ~70% to topline), SFL also manufactures Polyutherene (PU)/technical foams in Australia and Spain with revenue contributions of 15% each. * Revenue, earnings grew at C...
Buy Sheela Foam Ltd For Target Rs.3410 - ICICI Direct
Buy Sheela Foam Ltd For Target Rs.3410 - ICICI Direct
Source: ICICI Direct Ltd
12/12/2022 10:51:30 AM
Supreme Industries Ltd : Stock losses drag on profitability, upbeat on off-take; retaining a Buy Says Anand Rathi Share and Stock Brokers Stock losses drag on profitability, upbeat on off-take; retaining a Buy Driven by volume growth, Supreme’s Q2 revenue grew 8.2% y/y to Rs21bn (in line with ARe) even as blended realisations continued soft. Inventory losses led by a steep fall in raw material prices curbed profitability. The gross, EBITDA and PAT margins shrank respectively 830bps, 906bps and 793bps y/y to 23.2%, 7.1% and 3.9% (below ARe). Greater off-take supports revenue growth. Volumes grew 8.9% y/y to 111,803 t...
Supreme Industries Ltd : Stock losses drag on profitability, upbeat on off-take; retaining a Buy Says Anand Rathi Share and Stock Brokers
Supreme Industries Ltd : Stock losses drag on profitability, upbeat on off-take; retaining a Buy Says Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
4/12/2022 10:41:07 AM
Astral Ltd : Stock loss hits profitability; healthy outlook to drive H2; retaining a Buy - Anand Rathi Shares and Stock Brokers Ltd Stock loss hits profitability; healthy outlook to drive H2; retaining a Buy Astral’s disappointing Q2 performance belied expectations, its revenue, EBITDA, and PAT coming respectively 2.4%, 31.9% and 49.9% lower y/y to Rs11.7bn, Rs1.4bn and Rs708m (ARe: Rs13bn, Rs1.8bn and Rs940m. Continuing higher input costs and stock losses shaved 174bps off the gross margin y/y to 30.2% Higher employee and other operating expenses dragged the operating margin down 534bps to 12.3%. Higher deprecia...
Astral Ltd : Stock loss hits profitability; healthy outlook to drive H2; retaining a Buy - Anand Rathi Shares and Stock Brokers Ltd
Astral Ltd : Stock loss hits profitability; healthy outlook to drive H2; retaining a Buy - Anand Rathi Shares and Stock Brokers Ltd
Source: Anand Rathi Shares and Stock Brokers Ltd
29/11/2022 3:15:23 PM
Add Astral Ltd For Target Rs.2,182- ICICI Securities Astral reported Q2FY23 consolidated revenue decline of 2.4% YoY (3-year CAGR of +20%) on a high base with plumbing segment revenue declining 10.6% YoY, while adhesive segment grew 9.8% YoY. Paints segment reported revenue of Rs500mn (- 10% QoQ) in Q2. Plumbing volumes declined 4% YoY (3-year CAGR of +5.6%) on a high base while EBIDTA/kg contracted to Rs27.6/kg (-32.8% YoY) due to inventory losses of ~Rs450mn as PVC prices fell ~23% QoQ. Adjusting for inventory loss, EBITDA/kg was ~Rs38.6/kg (...
Add Astral Ltd For Target Rs.2,182- ICICI Securities
Add Astral Ltd For Target Rs.2,182- ICICI Securities
Source: ICICI Direct Ltd
25/11/2022 1:47:27 PM
Buy Sheela Foam Ltd For Target Rs.3,400 - ICICI Securities Weak quarter with GM recovery the only positive 2QFY23: Revenue print further weakened, down 8% YoY. India braded business’ 16% YoY revenue decline (volumes down 18% YoY) was quite weak with it highlighting a softer demand environment (surprising to us given urban discretionary as a basket continues to perform well in general). There was good improvement in gross margin print (+470-480bps YoY/QoQ) with RM softening. While some uptick from auto segment is expected, the furniture segme...
Buy Sheela Foam Ltd For Target Rs.3,400 - ICICI Securities
Buy Sheela Foam Ltd For Target Rs.3,400 - ICICI Securities
Source: ICICI Securities Ltd
19/11/2022 10:36:22 AM
Add Prince Pipes & Fittings Ltd For Target Rs.641 - Yes Securities Contraction in PVC prices impacts profitability! Result Synopsis Prince Pipes & Fitting Ltd (PP&F), reported topline of Rs6.36Bn, a degrowth of 16.4%YoY & increased by 5.4%QoQ which was in?line with our estimate of Rs6.51Bn. Volumes during the quarter declined by 10.2%YoY & increased by 23.1%QoQ to 35,845Te (better than expected). In Q2FY23, PVC resin prices contracted sharply (April?till?date a decline of Rs62/Kg & July alone Rs20/Kg reduction), this resulted into i...
Add Prince Pipes & Fittings Ltd For Target Rs.641 - Yes Securities
Add Prince Pipes & Fittings Ltd For Target Rs.641 - Yes Securities
Source: Yes Securities Ltd
15/11/2022 10:39:37 AM
Hold Tarsons Products Ltd For Target Rs.755 - ICICI Securities Base effect persists; stock fairly priced Tarsons Products’ (Tarsons) Q2FY23 performance was marginally below our expectations. Revenue declined 6.3% YoY (+3.8% QoQ) to Rs712mn on a high covid-led base (I-Sec: Rs741mn). EBITDA margin declined 470bps YoY to 45.9% (ISec: 46%) on lower gross margin of 76.8% (-230bps YoY). Adj. PAT declined 13.7% YoY to Rs215mn (I-Sec: Rs221mn). Tarsons commands industry-leading EBITDA margin (~51% in FY22) supported by technical expertise and economies ...
Hold Tarsons Products Ltd For Target Rs.755 - ICICI Securities
Hold Tarsons Products Ltd For Target Rs.755 - ICICI Securities
Source: ICICI Securities
14/11/2022 12:35:53 PM
Hold Mold-Tek Packaging Ltd For Target Rs.1045 - ICICI Direct Customer additions drive volume offtake in Q2… About the stock: Mold-Tek Packaging is a leading player in the rigid packaging business and is into manufacturing decorative packaging containers for paint, lubricant, FMCG & foods (F&F) industry. * It was the first to introduce in-mould label (IML) decorative products and QR coded packaging products in India * While new product launches helped drive profitability of the company, its balance sheet remained strong with RoCE...
Hold Mold-Tek Packaging Ltd For Target Rs.1045 - ICICI Direct
Hold Mold-Tek Packaging Ltd For Target Rs.1045 - ICICI Direct
Source: ICICI Direct Ltd
12/11/2022 12:24:14 PM
Finolex Industries reports 5% growth sales volumes; sharp correction in PVC prices impacts Pune : Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the second quarter ended September 30, 2022. Key Financial Highlights (Standalone): (INR- Cr) Q2 FY23 Highlights: * Total income from operations was Rs 941.13 Cr for Q2FY23 – down 13.1% against Rs 1,082.57 Cr in Q2FY22. * Volume in Pipes & Fittings segment was up 6.8% to 59,218 MT in Q2FY23 against 55,453 MT in Q2FY22. * Volume in Re...
Finolex Industries reports 5% growth sales volumes; sharp correction in PVC prices impacts
Finolex Industries reports 5% growth sales volumes; sharp correction in PVC prices impacts
Source: PR Agency
22/10/2022 3:00:02 PM
Vikas Lifecare trades higher on getting patent for recycling of waste plastics for making Pallets & Interlocking tiles Vikas Lifecare is currently trading at Rs. 4.99, up by 0.01 points or 0.20% from its previous closing of Rs. 4.98 on the BSE. The scrip opened at Rs. 5.03 and has touched a high and low of Rs. 5.10 and Rs. 4.99 respectively. So far 3137609 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.15 on 21-Jan-2022 and a 52 week low of Rs. 3.11 on 29-Nov-2021. Last one week high and low of the scrip stood at Rs. 5.24 and...
Vikas Lifecare trades higher on getting patent for recycling of waste plastics for making Pallets & Interlocking tiles
Vikas Lifecare trades higher on getting patent for recycling of waste plastics for making Pallets & Interlocking tiles
Source: Accord Fintech
20/10/2022 3:18:29 PM
Vikas Lifecare trades higher on the BSE Vikas Lifecare is currently trading at Rs. 5.02, up by 0.02 points or 0.40% from its previous closing of Rs. 5.00 on the BSE. The scrip opened at Rs. 5.08 and has touched a high and low of Rs. 5.08 and Rs. 5.01 respectively. So far 665761 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.15 on 21-Jan-2022 and a 52 week low of Rs. 3.11 on 29-Nov-2021. Last one week high and low of the scrip stood at Rs. 5.24 and ...
Vikas Lifecare trades higher on the BSE
Vikas Lifecare trades higher on the BSE
Source: Accord Fintech
19/10/2022 11:39:09 AM
Mold-Tek Packaging gains on receiving LoA from Grasim Industries - Birla Paints Division Mold-Tek Packaging is currently trading at Rs. 892.00, up by 3.20 points or 0.36% from its previous closing of Rs. 888.80 on the BSE. The scrip opened at Rs. 888.35 and has touched a high and low of Rs. 917.10 and Rs. 869.90 respectively. So far 2399 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1057.85 on 19-Aug-2022 and a 52 week low of Rs. 644.10 on 29-Nov-2021. Last one week high and low of the scrip stood...
Mold-Tek Packaging gains on receiving LoA from Grasim Industries - Birla Paints Division
Mold-Tek Packaging gains on receiving LoA from Grasim Industries - Birla Paints Division
Source: IANS
10/10/2022 11:09:49 AM
Buy Sheela Foam Ltd For Target Rs.3650 - ICICI Direct Undisputed leader in Indian mattresses industry About the stock: Sheela Foam (SFL) is the market leader in the domestic mattresses industry with a value market share of ~25% in the organised segment. The company’s “Sleepwell” is one of the leading brands in the domestic mattresses industry. It has a pan-India presence through ~6000 MBOs and ~5500 EBOs, respectively. Apart from India (contributes ~70% to the topline), the company also manufactures Polyutherene (PU)/technic...
Buy Sheela Foam Ltd For Target Rs.3650 - ICICI Direct
Buy Sheela Foam Ltd For Target Rs.3650 - ICICI Direct
Source: ICICI Direct Ltd
21/09/2022 2:43:29 PM
Welspun Corp soars on securing order for Carbon Capture Pipeline project in United States Welspun Corp is currently trading at Rs. 256.55, up by 9.05 points or 3.66% from its previous closing of Rs. 247.50 on the BSE. The scrip opened at Rs. 252.30 and has touched a high and low of Rs. 258.70 and Rs. 251.00 respectively. So far 533731 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 267.50 on 15-Sep-2022 and a 52 week low of Rs. 119.20 on 17-Sep-2021. Last one week high and low of the scrip stood at R...
Welspun Corp soars on securing order for Carbon Capture Pipeline project in United States
Welspun Corp soars on securing order for Carbon Capture Pipeline project in United States
Source: IANS
19/09/2022 10:06:25 AM
Astral moves up on getting nod to purchase additional 15% stake in Seal IT Services Astral is currently trading at Rs. 2506.80, up by 94.30 points or 3.91% from its previous closing of Rs. 2412.50 on the BSE. The scrip opened at Rs. 2446.85 and has touched a high and low of Rs. 2537.85 and Rs. 2413.95 respectively. So far 68309 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2654.00 on 09-Sep-2022 and a 52 week low of Rs. 1584.00 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Astral moves up on getting nod to purchase additional 15% stake in Seal IT Services
Astral moves up on getting nod to purchase additional 15% stake in Seal IT Services
Source: Accord Fintech
15/09/2022 3:44:49 PM
EKI Energy Services gains on listing first plastic project from India with Verra EKI Energy Services is currently trading at Rs. 1690.00, up by 8.75 points or 0.52% from its previous closing of Rs. 1681.25 on the BSE. The scrip opened at Rs. 1675.25 and has touched a high and low of Rs. 1725.00 and Rs. 1665.00 respectively. So far 22318 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3149.99 on 24-Jan-2022 and a 52 week low of Rs. 558.00 on 14-Sep-2021. Last one week high and low of the scr...
EKI Energy Services gains on listing first plastic project from India with Verra
EKI Energy Services gains on listing first plastic project from India with Verra
Source: Accord Fintech
14/09/2022 12:36:56 PM
Buy Apollo Pipes Ltd For Target Rs.667 - Yes Securities Ltd Contraction in PVC prices dents overall performance! Our view and valuation Apollo Pipes Ltd (APL) registered a decent quarter wherein volumes grew by 38.5%YoY (low base) & declined by 12.6% sequentially due to channel de-stocking owing to sharp correction in PVC prices. Hence, EBITDA/Kg contracted to Rs14 from Rs17. However, company expanded the contribution from value-added products which enabled them to cushion the degrowth. During the quarter company incurred capex of Rs360Mn fo...
Buy Apollo Pipes Ltd For Target Rs.667 - Yes Securities Ltd
Buy Apollo Pipes Ltd For Target Rs.667 - Yes Securities Ltd
Source: Yes Securities Ltd
1/09/2022 11:01:57 AM
Buy Supreme Industries Ltd For Target Rs.2,696 - Centrum Broking Supreme Industries  Inventory losses compress margins further  SIL’s volumes and realisation grew by 53% and 8% YoY respectively. However, volumes were still 4% below 1QFY20 level. Sales grew 64% while EBITDA and PAT grew by 21% and 25% respectively on account of low base of 1QFY22. EBITDA margins declined to 12.2% on account of change in product mix (higher sales of agri pipes) and inventory losses led by sharp drop in PVC  resin prices. PV...
Buy Supreme Industries Ltd For Target Rs.2,696 - Centrum Broking
Buy Supreme Industries Ltd For Target Rs.2,696 - Centrum Broking
Source: Centrum Broking Ltd
30/08/2022 2:29:31 PM
Buy Supreme Industries Ltd For Target Rs..2,467 -Anand Rathi Share and Stock Brokers Ltd Off-take drives growth, input costs hit margins, broader outlook intact; maintaining a Buy Strong off-take drove Supreme’s Q1 good revenue growth. Blended realisations rose only by single digits. Input costs hit the gross margin, but economies of scale and a better product mix reduced the impact on operating margins. Revenue was up 64% y/y. Gross, EBITDA and PAT margins shrank 900bps, 435bps and 211bps y/y respectively to 26.5%, 12.2% and 9.7%. Revenue and earnings were 4% and 22% be...
Buy Supreme Industries Ltd For Target Rs..2,467 -Anand Rathi Share and Stock Brokers Ltd
Buy Supreme Industries Ltd For Target Rs..2,467 -Anand Rathi Share and Stock Brokers Ltd
Source: Anand Rathi Share and Stock Brokers Ltd
26/08/2022 3:40:24 PM
Buy Astral Poly Technik Ltd For Target Rs.2,215 -Reliance Securities Strong Revenue Growth at the Cost of Margin Astral reported healthy revenue of Rs12.1bn in 1QFY23 (up 73% YoY, down 13% QoQ), higher than our estimate of Rs11bn. Plumbing revenue increased by 74% YoY to Rs8.8bn, while adhesive revenue jumped by 72% YoY to Rs3.7bn. Volume of plumbing segment increased by 49% YoY to 36,578 MT, while realisation stood at Rs240/kg, up 17% YoY. EBITDA increased by 33% YoY (down 21% QoQ) to Rs1.7bn, (in-line with our estimates of Rs1.6bn) while blended EBITDA ma...
Buy Astral Poly Technik Ltd For Target Rs.2,215 -Reliance Securities
Buy Astral Poly Technik Ltd For Target Rs.2,215 -Reliance Securities
Source: reliance securities
23/08/2022 3:55:01 PM
Hold Astral Poly Technik Ltd For Target Rs.2100- ICICI Direct Inventory loss, one-off expenses drag margin… About the stock: Astral is the leader in the CPVC piping segment and expanding into the other building material business such as adhesive, paints and sanitary ware. * Astral is the third largest piping company with a value market share of 9%. In FY22, Piping, adhesive contributed 77%, 23%, respectively, to its topline * Healthy b/s reflected in strong return ratios (RoE: 21%, RoCE: ~27%) Q1FY23 Results: Strong revenue growth; In...
Hold Astral Poly Technik Ltd For Target Rs.2100- ICICI Direct
Hold Astral Poly Technik Ltd For Target Rs.2100- ICICI Direct
Source: ICICI Direct
22/08/2022 10:20:54 AM
Buy Nilkamal Ltd For Target Rs.2,985 -Anand Rathi Share and Stock Brokers Ltd Good performance, operating margin belies estimates; retaining a Buy Nilkamal’s Q1 revenue, EBITDA and PAT were up 1.5x, 2.3x and 17x y/y to Rs7.4bn, Rs687m and Rs287m, vs ARe of Rs7.1bn, Rs442m and Rs63m. Revenue was marginally higher, while there was a positive surprise on the operating margin front. Plastics volume sold were 16% higher y/y (at the parent level). Q1 capex was Rs487m, while net borrowings were Rs1.6bn. Plastics business, the key revenue contributor, however mix c...
Buy Nilkamal Ltd For Target Rs.2,985 -Anand Rathi Share and Stock Brokers Ltd
Buy Nilkamal Ltd For Target Rs.2,985 -Anand Rathi Share and Stock Brokers Ltd
Source: Anand Rathi Share and Stock Brokers Ltd
21/08/2022 4:35:10 PM
Ways to reduce plastic use as a family  As parents one thing we need to vouch for is to provide children with a cleaner and greener environment to live happily and to raise healthy kids of their own. And what steps can we take to ensure our kids of this green future? Ask yourself this question, it matters. "Am just one person. We are just one family. How much change can I bring about?" Is this something that you often wonder about or use as an excuse? Don't, it is the multitude of small drops that make up the...
Ways to reduce plastic use as a family
Ways to reduce plastic use as a family
Source: IANS
16/08/2022 4:01:53 PM
Buy Supreme Industries Ltd For Target Rs.2606 - Yes Securities Management confident of achieving 15% volume growth in FY23! Our view and valuation Supreme Industries Ltd’s (SI) revenue stood at Rs22.06Bn during Q1FY23, reporting a 64.4%YoY growth (on low base) & declined by 13.7%QoQ. Overall volumes degrew by 15% sequentially wherein Pipes (73% of total volumes) reported 18%QoQ decline & 65%YoY growth. Pipe division’s (66% of sales) revenue declined by 19% Vs Q4FY22 & EBIT margins of the segment contracted by 300bps QoQ owin...
Buy Supreme Industries Ltd For Target Rs.2606 - Yes Securities
Buy Supreme Industries Ltd For Target Rs.2606 - Yes Securities
Source: Yes Securities Ltd
2/08/2022 2:14:58 PM