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IPO NOTE : Aeroflex Industries Limited By Reliance Securities About the Company Aeroflex Industries, a subsidiary of SAT Industries manufactures and supplies environmentfriendly metallic flexible flow solution products like multiple variety of hoses, tubes and hose assemblies.The company’s clientele includes distributors, fabricators, maintenance repair and operations companies (MROs), original equipment manufacturers (OEMs), and companies operating in a wide range of industries. Moreover, the company has recently forayed into manufacturing pro...
IPO NOTE : Aeroflex Industries Limited By Reliance Securities
IPO NOTE : Aeroflex Industries Limited By Reliance Securities
Source: PR Agency
21/08/2023 6:36:00 PM
Netweb Technologies IPO subscribed 9.14 times on Day 2 Initial Public Offering (IPO) of Delhi-NCR-based Netweb Technologies Ltd, country’s leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities was subscribed 9.14 times on the second day of bidding. The issue received bids of 8,09,39,130 shares against the offered 88,58,630 equity shares, at a price band of ?475-500, according to the data available on the stock exchanges. Non-Institutional Investors was the most ...
Netweb Technologies IPO subscribed 9.14 times on Day 2
Netweb Technologies IPO subscribed 9.14 times on Day 2
Source: PR Agency
18/07/2023 6:50:25 PM
IPO Notes : Netweb Technologies Limited By Reliance Securities Ltd About the Company Netweb Technologies is a High-End Computing Solutions (HCS) provider, incorporated in 1999. The company designs, manufactures and deploys HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. As of Feb’23, the company has undertaken installations of 300+ supercomputing systems, 50+ private cloud and HCI installations and 4,000+ accelerator or GPU-based AI systems and enterprise workstations, and HPS solutions with th...
IPO Notes : Netweb Technologies Limited By Reliance Securities Ltd
IPO Notes : Netweb Technologies Limited By Reliance Securities Ltd
Source: PR Agency
17/07/2023 5:02:04 PM
Buy JK Tyre and Industries Ltd For Target Rs.190- Reliance Securities Healthy Volume Traction and Margin Expansion ahead JK Tyre (JKI) has delivered a strong performance in 2QFY23, with EBITDA margin coming in at 7.9% (down 187bps YoY/up 10bps QoQ), broadly in line with our estimate of 8%, while Adj PAT exceeded our estimate by 4%. Higher margin performance in India as well Mexico business improved overall profitability. Its consolidated revenue grew by 26% YoY and 3% QoQ to Rs37.6bn, 4% above our estimate of Rs36.1bn, while EBITDA grew by 2% YoY and 4% QoQ ...
Buy JK Tyre and Industries Ltd For Target Rs.190- Reliance Securities
Buy JK Tyre and Industries Ltd For Target Rs.190- Reliance Securities
Source: reliance securities
4/11/2022 3:15:45 PM
Stocks in Focus And Intraday Picks For 22.09.2022 By Reliance Securities STOCK IN FOCUS  * Prince Pipes (CMP Rs.594) - Prince expects to witness a structural improvement in demand in the coming years, led by an expansion in the urban, semi-urban and rural areas, and is investing in trending activities * The company is likely to deliver a double-digit revenue growth in FY23E led by volume, while realisation is likely to decline. * The government’s thrust has provided a strong impetus on capex with higher allocation for Har Ghar Nal Se ...
Stocks in Focus And Intraday Picks For 22.09.2022 By Reliance Securities
Stocks in Focus And Intraday Picks For 22.09.2022 By Reliance Securities
Source: Reliance Securities Ltd
22/09/2022 11:37:45 AM
Gold dips to near 2-month low as sharp rate-hike bets bolster dollar Gold prices dropped to a near two-month low on Thursday as increased prospects of more aggressive rate hikes by the Federal Reserve lifted the dollar. Spot gold fell 0.5% to $1,687.70 per ounce by 0925 GMT, after touching its lowest since July 21. U.S. gold futures slipped 0.7% to $1,697.30. "The gold market has clearly priced in a more aggressive U.S. Federal Reserve ahead of next week's meeting, reflecting the central bank's determination to fight inflation," said Ca...
Gold dips to near 2-month low as sharp rate-hike bets bolster dollar
Gold dips to near 2-month low as sharp rate-hike bets bolster dollar
Source: Reuters
15/09/2022 3:57:46 PM
Buy Hero Motocorp Ltd For Target Rs.3,125 -Reliance Securities Attractive Valuation; Risk Reward Favorable Hero MotoCorp (HMCL) reported subdued performance in 1QFY23 with lower EBITDA margin of 11.2% as against our estimate of 12%. Revenue increased by 53% YoY/13% QoQ to Rs83.9bn (3.8% below our estimate of Rs87.2bn), on the back of a volume growth of 36%YoY/17%QoQ and a 13% YoY improvement in average realization due to price hikes. However, ASP was lower than expected due to lower spare revenues. Its EBITDA margin expanded by 183bps YoY (flat QoQ) t...
Buy Hero Motocorp Ltd For Target Rs.3,125 -Reliance Securities
Buy Hero Motocorp Ltd For Target Rs.3,125 -Reliance Securities
Source: Reliance Securities
23/08/2022 4:07:43 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
Buy Apollo Tyres Ltd For Target Rs 275 - Reliance Securities Strong Demand and Margin Expansion ahead; Reiterate BUY Apollo Tyres (APTY) recorded a strong operating performance in 1QFY23 with EBITDA margin coming at 11.6% (down 75bps YoY and up 38bps QoQ), 20bps higher than our estimate of 11.4%. Consolidated revenue increased by 30% YoY (up 7% QoQ) to Rs59.4bn, 4% above our estimate of Rs57.1bn, due to the better performance of India operations. Standalone revenue grew by 38% YoY (up 11% QoQ) to Rs44.4bn. Consolidated EBITDA stood at Rs6.9bn (up 22...
Buy Apollo Tyres Ltd For Target Rs 275 - Reliance Securities
Buy Apollo Tyres Ltd For Target Rs 275 - Reliance Securities
Source: reliance securities
23/08/2022 3:32:53 PM
Hold Jk Cement Ltd For Target Rs. 2,750 - reliance securities ltd Low-Cost Fuel Inventory Leads to EBITDA Beat; Headwinds Ahead JK Cement (JKCE) reported an EBITDA that was ahead than our estimate due to lower than expected costs. Grey cement sales volume (including clinker) at 3.17mn tonnes increased by a healthy 15% YoY (down 10% QoQ), marginally ahead than our estimate of 3.15mn tonnes. Grey cement realization was up by 11% YoY and 5.3% QoQ to Rs5,191/tonne (our estimate of Rs5,100/tonne), owing to the change in sales mix in favour of trade segment an...
Hold Jk Cement Ltd For Target Rs. 2,750 - reliance securities ltd
Hold Jk Cement Ltd For Target Rs. 2,750 - reliance securities ltd
Source: reliance securities
22/08/2022 4:09:08 PM
Quote on RBI Policy By Mr. Mitul Shah, Reliance Securities Quote on RBI Policy By Mr. Mitul Shah, Head of Research at Reliance Securities 50bps repo rate hike to 5.4% by the RBI makes the policy rate is the highest since Aug’19. On the positive note, maintaining the real GDP growth forecast of 7.2% for FY23 is liked by street. It seems to be more worried about external global factors this time, which has weakened INR recently. The 3rd consecutive rate hike by RBI since May’22 cumulatively 140 bps in its effort to contain infl...
Quote on RBI Policy By Mr. Mitul Shah, Reliance Securities
Quote on RBI Policy By Mr. Mitul Shah, Reliance Securities
Source: PR Agency
5/08/2022 5:22:21 PM
#LeadershipSeries: An Interview with Mr. Lav Chaturvedi, ED & CEO, Reliance Securities. Mr. Lav Chaturvedi, one of the leading Business Leader and ED & CEO, Reliance Securities, in a candid discussion with our editorial team.   Q1. Hello Lav, thank you for your time, our readers would like to know how has been your journey so far working with some of the top brands like Nippon Mutual Fund, IPS Sendero and now as CEO for Reliance Securities? What are some of the key learnings for you? Actually brand doesn’t matter much. Especially in the digital age, ...
#LeadershipSeries: An Interview with Mr. Lav Chaturvedi, ED & CEO, Reliance Securities.
#LeadershipSeries: An Interview with Mr. Lav Chaturvedi, ED & CEO, Reliance Securities.
Source: Investmentguruindia.com
13/05/2021 4:52:42 PM
Update On Hexaware Technologies Ltd For Target Rs. 380 - Reliance Sec Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More * Hexaware Technologies’ stock price was up 0.5% in yesterday’s trade, while the BSE Sensex rose 0.2%. * Hexaware’s 3QCY18 revenue grew by 1.6% QoQ (+2.1% QoQ in CC terms) to US$171.1mn owing to unseasonal furloughs with a client, delays in ramp-up in 2 deals and staffing issues in the US. * From a vertical perspective, subdued revenue growth can be attributed to poor performances in Trav...
Update On Hexaware Technologies Ltd For Target Rs. 380 - Reliance Sec
Update On Hexaware Technologies Ltd For Target Rs. 380 - Reliance Sec
Source: Religare Securities Ltd
21/01/2019 10:28:38 AM