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Crompton Greaves Consumer Electricals surges on launching Solarion range of Garden & Gate Lights Crompton Greaves Consumer Electricals is currently trading at Rs. 304.25, up by 4.30 points or 1.43% from its previous closing of Rs. 299.95 on the BSE. The scrip opened at Rs. 300.25 and has touched a high and low of Rs. 304.50 and Rs. 299.45 respectively. So far 31985 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 428.80 on 13-Sep-2022 and a 52 week low of Rs. 251.25 on 26-Apr-2023. Last one week high and low...
Crompton Greaves Consumer Electricals surges on launching Solarion range of Garden & Gate Lights
Crompton Greaves Consumer Electricals surges on launching Solarion range of Garden & Gate Lights
Source: Accord Fintech
1/09/2023 12:59:35 PM
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.350 - ICICI Securities Ltd Strategy 2.0 – To focus on absolute profit growth instead of margins Crompton has done key fundamental changes to its business under strategy 2.0 which are likely to be DCF accretive in our view. (1) it plans to divide the business in multiple SBUs which will likely drive the accountability and improve efficiencies, (2) there will be separate on-ground sales teams for multiple product(s). It is likely to result in stronger connect with the trade and higher throughput-per-store, (3) C...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.350 - ICICI Securities Ltd
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.350 - ICICI Securities Ltd
Source: ICICI Securities Ltd
30/08/2023 12:57:27 PM
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.362 - Geojit Financial Services Revenue flat; Crompton 2.0 to lift performance Crompton Greaves Consumer Electricals Ltd. (Crompton) is an Indian consumer electric product company. * In Q1FY24, revenue was flat YoY at Rs. 1,877cr, as growth in the electric consumer durables segment was partially offset by declines in the lighting segment and its subsidiary, Butterfly Gandhimathi (BGAL). * EBITDA fell 15.5% YoY to Rs. 186cr and EBITDA margin contracted 190 bps YoY to 9.9% during the quarter, owing to higher advertis...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.362 - Geojit Financial Services
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.362 - Geojit Financial Services
Source: Geojit Financial Services Ltd
29/08/2023 12:58:01 PM
Consumer Durables/Electricals Sector Update : Positive sentiments leads demand revival By Yes Securities Positive sentiments leads demand revival * Green shoots visible on demand front: After a peculiarly sluggish Q1 demand, and largely flood-impacted early July across India, initial signs of a demand revival are gradually becoming evident. Mid-July onwards, the demand has been trending up better than expected. Notably, tier III, IV and V cities have led this reversal and the prospects are brighter for the festive season ahead. Conversely, urban demand has endured some fatigue. Having said th...
Consumer Durables/Electricals Sector Update : Positive sentiments leads demand revival By Yes Securities
Consumer Durables/Electricals Sector Update : Positive sentiments leads demand revival By Yes Securities
Source: Yes Securities
28/08/2023 12:49:31 PM
Accumulate V-Guard Industries Ltd For Target Rs.363 - Geojit Financial Services Ltd Margins profile to improve... V-Guard Industries Ltd. (VGIL) is one of the leading players in the electrical consumer durables space. Major product segments include Stabilizers, Cables & Wires, UPS, Pumps and Electrical Appliances. * In Q1FY24, revenue and profitability were up by 19% & 20% YoY, respectively, due to stable growth across segments and a 5% revenue contribution from Sun Flame (recent acquisition). * EBITDA increased by 27% YoY & margins expanded by 50bps YoY...
Accumulate V-Guard Industries Ltd For Target Rs.363 - Geojit Financial Services Ltd
Accumulate V-Guard Industries Ltd For Target Rs.363 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
25/08/2023 12:41:13 PM
Voltas gains on introducing diverse range of attractive offers Voltas is currently trading at Rs. 832.00, up by 5.80 points or 0.70% from its previous closing of Rs. 826.20 on the BSE. The scrip opened at Rs. 820.10 and has touched a high and low of Rs. 832.00 and Rs. 820.10 respectively. So far 1956 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1050.55 on 19-Aug-2022 and a 52 week low of Rs. 737.60 on 27-Jan-2023. Last one week high and low of the scrip stood at Rs. 847....
Voltas gains on introducing diverse range of attractive offers
Voltas gains on introducing diverse range of attractive offers
Source: Accord Fintech
17/08/2023 9:59:56 AM
Electronics Mart India zooms on starting commercial operation of new multi brand store in Telangana Electronics Mart India is currently trading at Rs. 125.85, up by 4.50 points or 3.71% from its previous closing of Rs. 121.35 on the BSE. The scrip opened at Rs. 118.20 and has touched a high and low of Rs. 126.90 and Rs. 118.20 respectively. So far 101621 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.90 on 16-Aug-2023 and a 52 week low of Rs. 61.45 on 27-Mar-2023. Last one week high and low of the scrip ...
Electronics Mart India zooms on starting commercial operation of new multi brand store in Telangana
Electronics Mart India zooms on starting commercial operation of new multi brand store in Telangana
Source: Accord Fintech
16/08/2023 3:22:13 PM
Buy Electronics Mart India Ltd For target Rs. 141 - LKP Securities Electronics Mart (EMIL) had a strong quarter despite a curtailed summer better than expected. Revenues were up 20% YoY for Q1FY24. Q1 being a seasonally strong quarter for larger appliance category (contributed 49% to sales) like coolers and AC in particular have grown 30% YoY despite curtailed summer due to rains in the North while it remained better in Southern India. Management expects Delhi / NCR stores to achieve break even by the financial year end as the demand trend remains positive a...
Buy Electronics Mart India Ltd For target Rs. 141 - LKP Securities
Buy Electronics Mart India Ltd For target Rs. 141 - LKP Securities
Source: LKP Securities Ltd
16/08/2023 2:46:39 PM
Buy Voltas Ltd For Target Rs. 1,010 - Religare Broking Subdued quarter; impacted by aggressive competition and unseasonal rains Subdued revenue growth: It was a subdued quarter for Voltas wherein revenue grew by 21.4% YoY/13.6% QoQ to Rs 3,360 Cr, largely impacted by aggressive pricing strategy implemented by peers while unseasonal rains in the northern parts of the country which is its key market impacted the overall growth. Amongst segments, Unitary Cooling Products (UCP) contributed 74.8% to the overall topline at Rs 2,514 Cr, up by 15.2% Y...
Buy Voltas Ltd For Target Rs. 1,010 - Religare Broking
Buy Voltas Ltd For Target Rs. 1,010 - Religare Broking
Source: Religare Broking Ltd
15/08/2023 3:24:23 PM
V-Guard`s Q1 FY 2023-24 Revenue grows by 19.3%; Profit after tax grows 20.3% V-Guard Industries Ltd., a leading Consumer Electricals and Electronics Company announced its unaudited financial results for the quarter ended June 30, 2023.   Q1 FY 2023-24 highlights:   * Consolidated Net Revenue from operations for the quarter ended June 30, 2023 is Rs. 1214.76 crs; a growth of 19.3% over the revenue recorded in the corresponding period of the previous year (Rs. 1018.29 crs).     * Consolidated Profit Af...
V-Guard`s Q1 FY 2023-24 Revenue grows by 19.3%; Profit after tax grows 20.3%
V-Guard`s Q1 FY 2023-24 Revenue grows by 19.3%; Profit after tax grows 20.3%
Source: PR Agency
10/08/2023 2:28:22 PM
Buy Bharat Electronics Ltd For Taget Rs.145 - JM Financial Institutional Securities Strong execution continues Bharat Electronics (BHE) reported in line revenue while EBITDA and PAT came in ahead of estimates due to better margins. Net sales (INR35.1bn; 13% YoY) were in line with JMFe, while EBITDA (INR6.6bn; +29% YoY) was 9% higher vs JMFe. Gross margins improved to 43.5% (+160bps YoY) leading to strong growth in EBITDA margins by 240bps to 18.9% vs 16.5% in 1QFY23. Net profit came in at INR5.3bn (+23% YoY) ahead of our estimate of INR 4.5bn and consensus estimate of INR...
Buy Bharat Electronics Ltd For Taget Rs.145 - JM Financial Institutional Securities
Buy Bharat Electronics Ltd For Taget Rs.145 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/08/2023 3:20:08 PM
Titan Intech rises on receiving Letter of Intent from SPEFL-SC Titan Intech is currently trading at Rs. 49.00, up by 0.11 points or 0.22% from its previous closing of Rs. 48.89 on the BSE. The scrip opened at Rs. 49.85 and has touched a high and low of Rs. 49.90 and Rs. 47.10 respectively. So far 8697 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.70 on 23-Feb-2023 and a 52 week low of Rs. 14.50 on 16-Aug-2022. Last one week high and low of the scrip stood at Rs. 50.0...
Titan Intech rises on receiving Letter of Intent from SPEFL-SC
Titan Intech rises on receiving Letter of Intent from SPEFL-SC
Source: Accord Fintech
12/07/2023 12:44:57 PM
Consumer Durables Sector Update : Weak summer demand leads to weak Q1 By Yes Securities Ltd * Demand for summer products take beating: After strong and early start to summer season, demand for summer products have faltered in the peak summer months of April and May. June saw recovery in demand with growth of ~12%, however this was not enough to recover losses of April and May which would result in overall demand decline in Q1. As per our dealer checks inventory of summer products is higher than normal which according to them will require another 30-35 days to liquidate. Dealers are ...
Consumer Durables Sector Update : Weak summer demand leads to weak Q1 By Yes Securities Ltd
Consumer Durables Sector Update : Weak summer demand leads to weak Q1 By Yes Securities Ltd
Source: Yes Securities Ltd
12/07/2023 11:51:46 AM
Bharat Electronics moves up on bagging orders worth around Rs 5900 crore. Bharat Electronics is currently trading at Rs. 126.15, up by 0.95 points or 0.76% from its previous closing of Rs. 125.20 on the BSE. The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 126.30 and Rs. 125.00 respectively. So far 172247 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 127.40 on 16-Jun-2023 and a 52 week low of Rs. 74.68 on 06-Jul-2022. Last one week high and low of the scrip stood...
Bharat Electronics moves up on bagging orders worth around Rs 5900 crore.
Bharat Electronics moves up on bagging orders worth around Rs 5900 crore.
Source: Accord Fintech
21/06/2023 10:35:51 AM
Buy Bharat Electronics Ltd For Taget Rs.135 - JM Financial Institutional Securities Raises sales growth guidance on improve inflows   Bharat Electronics (BHE) reported a beat on numbers in 4QFY23. Net sales came in at INR64.6bn, up 2.1% YoY, while EBITDA was 16% higher vs JMFe (INR18.2bn; +16% YoY), as mix was better than expectations. Gross margins improved to 48.2% (+640bps YoY), driving EBITDA margin expansion of 350bps to 28.3% vs 24.8% in 4QFY22. Order inflows grew by 132% in 4QFY23, with cumulative inflows of INR203bn in FY23, thus meeting their guidance and...
Buy Bharat Electronics Ltd For Taget Rs.135 - JM Financial Institutional Securities
Buy Bharat Electronics Ltd For Taget Rs.135 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
13/06/2023 2:49:51 PM
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.325 - ICICI Securities We believe Crompton reported stable performance in Q4FY23 considering (1) there was weak demand for white goods and durables due to steep inflationary pressures, (2) unseasonal rains impacted the off-take of fans and coolers in North India and (3) there was transition in fans to BEE norms from Jan’23. We also remain enthused by market share gains in premium fans and water heaters. We believe market share gains in fans and synergy benefits post-merger of Butterfly will likely be key trig...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.325 - ICICI Securities
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.325 - ICICI Securities
Source: ICICI Securities Ltd
13/06/2023 12:54:48 PM
Hold Crompton Greaves Consumer Electricals Ltd For Target Rs.295 - ICICI Direct ECD segment drives topline growth… About the stock: Crompton Greaves Consumer (CGCEL) is among India’s leading fast moving electrical goods (FMEG) companies, present in electrical consumer durables (~69% of revenue) and lighting businesses (~16% of revenue). CGCEL acquired Butterfly Gandhimathi Appliances, which contributes ~15% to revenue. * Market leader in the domestic fan industry with value market share of 29%. The company has enhanced focus on increasing market share ...
Hold Crompton Greaves Consumer Electricals Ltd For Target Rs.295 - ICICI Direct
Hold Crompton Greaves Consumer Electricals Ltd For Target Rs.295 - ICICI Direct
Source: ICICI Direct
6/06/2023 12:15:49 PM
IKIO Lighting Limited`s Initial Public Offering to open on June 06, 2023, sets price band at ?270 to ?285 per Equity Share IKIO Lighting Limited, a manufacturer of Light Emitting Diode (LED) Lighting in India, has fixed the price band at ?270 to ?285 per Equity Share (of face value ?10 each) for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Tuesday, June 06, 2023, for subscription and closes on Thursday, June 08, 2023. Investors can bid for a minimum of 52 Equity Shares and in multiples of 52 Equity Shares there...
IKIO Lighting Limited`s Initial Public Offering to open on June 06, 2023, sets price band at ?270 to ?285 per Equity Share
IKIO Lighting Limited`s Initial Public Offering to open on June 06, 2023, sets price band at ?270 to ?285 per Equity Share
Source: PR Agency
1/06/2023 5:42:07 PM
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables  Indian electronic products manufacturer V-Guard Industries Ltd reported a 41% fall in its fourth-quarter profit on Tuesday, dragged by a loss in the consumer durables segment. The Kochi, Kerala-based company's consolidated net profit fell to 527.3 million rupees ($6.37 million) in the quarter ended March 31, from 897 million rupees a year ago. The company's revenue from operations rose more than 7% to 11.4 billion rupees, as revenue from its new Sunflame segment offset mut...
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables
Source: Reuters
30/05/2023 4:28:52 PM
Crompton Greaves Consumer Electricals inches up on launching Mini Master Plus Pump Crompton Greaves Consumer Electricals is currently trading at Rs. 276.30, up by 0.85 points or 0.31% from its previous closing of Rs. 275.45 on the BSE. The scrip opened at Rs. 277.95 and has touched a high and low of Rs. 277.95 and Rs. 274.95 respectively. So far 14845 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 428.80 on 13-Sep-2022 and a 52 week low of Rs. 251.25 on 26-Apr-2023. Last one week high and low...
Crompton Greaves Consumer Electricals inches up on launching Mini Master Plus Pump
Crompton Greaves Consumer Electricals inches up on launching Mini Master Plus Pump
Source: Accord Fintech
30/05/2023 10:28:56 AM
India`s Atomberg Technologies raises $86 million in fresh funding SOURCE Indian home appliances company Atomberg Technologies on Monday said it has raised $86 million in a fresh funding round, led by Singapore's Temasek Capital and India-focused asset manager Steadview Capital Management LLC. "With this round of fundraising, our focus is on enhancing product development and improving our product suite," Chief Executive Manoj Meena said in a statement. Atomberg did not immediately respond to Reuters' request for comment on its current valuat...
India`s Atomberg Technologies raises $86 million in fresh funding SOURCE
India`s Atomberg Technologies raises $86 million in fresh funding SOURCE
Source: Reuters
29/05/2023 4:39:12 PM
Buy Electronics Mart India Ltd For target Rs. 90 - LKP Securities Electronics Mart (EMIL) had a steady quarter on expected lines and results were largely in line with our estimates. Revenues were up 8% /23% YoY for Q4FY23 and FY23. Q4 being seasonally strong quarter for larger category like AC and coolers has been lower due to intermittent rains which had impacted sales. However, growth in the category has recovered well in the first two months i.e April and May due to higher temperature. Break Even for stores is expected in 12- 14 months and Delhi/ NC...
Buy Electronics Mart India Ltd For target Rs. 90 - LKP Securities
Buy Electronics Mart India Ltd For target Rs. 90 - LKP Securities
Source: LKP Securities Ltd
29/05/2023 3:22:20 PM
Lenovo India logs $1.9 bn in FY23, over 5 mn products being made locally Consumer technology major Lenovo on Wednesday said that it registered a total of $1.9 billion revenue in India in FY22-23. After a year of industry and global uncertainties, Lenovo sais it is witnessing positive signs of the market stabilising and expects the entire PC and smart devices market to resume year-to-year growth in the second half of 2023. "While we are experiencing a cyclical slowdown in the PC segment, our growth engines of Solutions and Services Group (SSG), Motorola,...
Lenovo India logs $1.9 bn in FY23, over 5 mn products being made locally
Lenovo India logs $1.9 bn in FY23, over 5 mn products being made locally
Source: IANS
24/05/2023 11:27:45 AM
India's Bajaj Electricals posts rise in Q4 profit on consumer goods demand Bajaj Electricals Ltd on Tuesday reported a nearly 32% jump in fourth-quarter profit as shoppers spent more on durable goods like fans and air coolers amid soaring temperatures. Consolidated net profit was 518.5 million rupees ($6.3 million) for the three months ended March 31, compared with 393.5 million rupees a year earlier. Extreme heat waves across the country are driving the sales of consumer durables such as air coolers and air conditioners. Overall revenue from operations cli...
India's Bajaj Electricals posts rise in Q4 profit on consumer goods demand
India's Bajaj Electricals posts rise in Q4 profit on consumer goods demand
Source: Reuters
23/05/2023 3:23:38 PM
Buy Voltas Ltd For Target Rs. 1,010 - Religare Broking Robust sequential growth: Voltas’ revenue from operations came in at Rs 2,957 Cr, up by 10.9% YoY and 47.4% QoQ. The growth in revenue was driven by robust demand scenario on the back of record heat level in earlier part of the quarter while onset of summer season also aided the growth. Amongst segments, its Unitary Cooling Products segment grew by 12.7% YoY and 68.5% QoQ followed by Electro Mechanical Products And Services (EMPS) which was up by 7.8% YoY and 15% QoQ while its Enginee...
Buy Voltas Ltd For Target Rs. 1,010 - Religare Broking
Buy Voltas Ltd For Target Rs. 1,010 - Religare Broking
Source: Religare Broking Ltd
12/05/2023 11:05:05 AM
Voltas declines on reporting 22% fall in Q4 consolidated net profit Voltas is currently trading at Rs. 811.75, down by 43.30 points or 5.06% from its previous closing of Rs. 855.05 on the BSE. The scrip opened at Rs. 830.60 and has touched a high and low of Rs. 847.00 and Rs. 807.85 respectively. So far 173357 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1302.00 on 29-Apr-2022 and a 52 week low of Rs. 737.60 on 27-Jan-2023. Last one week high and low of the scrip stood at Rs....
Voltas declines on reporting 22% fall in Q4 consolidated net profit
Voltas declines on reporting 22% fall in Q4 consolidated net profit
Source: Accord Fintech
27/04/2023 3:02:07 PM
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs. 305 - Centrum Broking CROMPTON has announced a major change in leadership with appointment of Mr Promeet Ghosh as new MD & CEO for a period of five years with effect from May 1, 2023. Current MD, Mr Shantanu Khosla has been elevated as Executive Vice Chairman for a period of one year (from May 1, 2023 to April 30, 2024), thereafter he will serve as Non?Executive Vice Chairman till December 31, 2025. The current CEO, Mr Mathew Job has resigned with effect from April 30, 2023 to pursue other career interest. The...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs. 305 - Centrum Broking
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs. 305 - Centrum Broking
Source: Centrum Broking Ltd
27/04/2023 12:01:42 PM
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.260 - ICICI Securities The exits by private equity investors as well as the senior management of Crompton Greaves (Crompton) raise concerns related to continuation of its business strategy which may result in lower valuation multiples, we believe. Promeet Ghosh, new MD & CEO, has articulated his strategy as (1) driving sustainability, (2) innovation and digitisation and (3) investments in branding. While he is associated with the company since 2016, we have concerns regarding his expertise in running a durabl...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.260 - ICICI Securities
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.260 - ICICI Securities
Source: ICICI Securities
26/04/2023 11:48:56 AM
Blue Star gains on eyeing 15% market share by FY25 in room air conditioner segment Blue Star is currently trading at Rs. 1441.95, up by 7.15 points or 0.50% from its previous closing of Rs. 1434.80 on the BSE. The scrip opened at Rs. 1440.00 and has touched a high and low of Rs. 1445.00 and Rs. 1409.55 respectively. So far 2329 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1535.50 on 10-Mar-2023 and a 52 week low of Rs. 860.00 on 04-Jul-2022. Last one week high and low of the scrip stood at ...
Blue Star gains on eyeing 15% market share by FY25 in room air conditioner segment
Blue Star gains on eyeing 15% market share by FY25 in room air conditioner segment
Source: Accord Fintech
6/04/2023 12:34:27 PM
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.445- Centrum Broking CROMPTON’s consolidated sales were at Rs15.2bn, while standalone sales ex-Butterfly fell 10% YoY to Rs12.6bn. While consumer demand was weak, CROMPTON refrained from channel filling of non-rated fans, leading to a decline in ECD revenue by 7% YoY to Rs10.2bn. Lighting sales fell 20% YoY to Rs2.5bn with weakness in both B2C and B2B business. Consolidated gross margin was healthy at 32.5% while EBITDA margin was at 10.1%, below our/consensus estimate of 12.5% each. Margin was affected due...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.445- Centrum Broking
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.445- Centrum Broking
Source: Centrum Broking
28/03/2023 12:47:57 PM
Crompton Greaves jumps on proposing merger with Butterfly Crompton Greaves Consumer Electricals is currently trading at Rs. 295.20, up by 2.75 points or 0.94% from its previous closing of Rs. 292.45 on the BSE. The scrip opened at Rs. 299.95 and has touched a high and low of Rs. 302.05 and Rs. 291.60 respectively. So far 61304 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 428.80 on 13-Sep-2022 and a 52 week low of Rs. 278.10 on 20-Mar-2023. Last one week high and low...
Crompton Greaves jumps on proposing merger with Butterfly
Crompton Greaves jumps on proposing merger with Butterfly
Source: Accord Fintech
27/03/2023 3:29:13 PM
Blue Star shines on launching deep freezers with extra storage, higher cooling capacity Blue Star is currently trading at Rs. 1509.25, up by 25.15 points or 1.69% from its previous closing of Rs. 1484.10 on the BSE. The scrip opened at Rs. 1484.10 and has touched a high and low of Rs. 1517.50 and Rs. 1466.30 respectively. So far 4059 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,517.50 on 08-Mar-2023 and a 52 week low of Rs. 860.00 on 04-Jul-2022. Last one week high and low of the scrip stood a...
Blue Star shines on launching deep freezers with extra storage, higher cooling capacity
Blue Star shines on launching deep freezers with extra storage, higher cooling capacity
Source: Accord Fintech
8/03/2023 10:39:22 AM
Bajaj Electricals rises as its EPC Business segment bags order worth Rs 564.87 crore Bajaj Electricals is currently trading at Rs. 1113.35, up by 10.20 points or 0.92% from its previous closing of Rs. 1103.15 on the BSE. The scrip opened at Rs. 1139.05 and has touched a high and low of Rs. 1155.55 and Rs. 1111.55 respectively. So far 8373 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1265.00 on 23-Aug-2022 and a 52 week low of Rs. 857.55 on 17-Jun-2022. Last one week high and low of the scrip ...
Bajaj Electricals rises as its EPC Business segment bags order worth Rs 564.87 crore
Bajaj Electricals rises as its EPC Business segment bags order worth Rs 564.87 crore
Source: Accord Fintech
6/03/2023 2:41:53 PM
Blue Star hits 52-week high as its arm commences commercial production at Sri City manufacturing facility Blue Star is currently trading at Rs. 1377.55, up by 11.55 points or 0.85% from its previous closing of Rs. 1366.00 on the BSE. The scrip opened at Rs. 1361.70 and has touched a high and low of Rs. 1392.95 and Rs. 1357.00 respectively. So far 2813 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,392.95 on 07-Feb-2023 and a 52 week low of Rs. 860.00 on 04-Jul-2022. Last one week high and low of the scrip stood a...
Blue Star hits 52-week high as its arm commences commercial production at Sri City manufacturing facility
Blue Star hits 52-week high as its arm commences commercial production at Sri City manufacturing facility
Source: Accord Fintech
7/02/2023 2:57:50 PM
Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit Bajaj Electricals is currently trading at Rs. 1151.10, up by 4.90 points or 0.43% from its previous closing of Rs. 1146.20 on the BSE. The scrip opened at Rs. 1135.00 and has touched a high and low of Rs. 1160.15 and Rs. 1128.00 respectively. So far 2637 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1265.00 on 23-Aug-2022 and a 52 week low of Rs. 857.55 on 17-Jun-2022. Last one week high and low of the scrip s...
Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit
Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit
Source: Accord Fintech
3/02/2023 4:00:24 PM
Calcom Vision rises on recording 45.51% growth in sales in Q3FY23 Calcom Vision is currently trading at Rs. 153.00, up by 1.55 points or 1.02% from its previous closing of Rs. 151.45 on the BSE. The scrip opened at Rs. 156.45 and has touched a high and low of Rs. 156.45 and Rs. 152.90 respectively. So far 3255 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 173.15 on 14-Jan-2022 and a 52 week low of Rs. 84.80 on 30-Mar-2022. Last one week high and low of the scrip stood at Rs...
Calcom Vision rises on recording 45.51% growth in sales in Q3FY23
Calcom Vision rises on recording 45.51% growth in sales in Q3FY23
Source: IANS
13/01/2023 11:40:48 AM
V-Guard Industries moves up on acquiring entire stake in Sunflame Enterprises V-Guard Industries is currently trading at Rs. 258.10, up by 1.25 points or 0.49% from its previous closing of Rs. 256.85 on the BSE. The scrip opened at Rs. 257.55 and has touched a high and low of Rs. 260.50 and Rs. 257.50 respectively. So far 2353 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 274.90 on 19-Dec-2022 and a 52 week low of Rs. 181.90 on 24-Feb-2022. Last one week high and low of the scrip stood ...
V-Guard Industries moves up on acquiring entire stake in Sunflame Enterprises
V-Guard Industries moves up on acquiring entire stake in Sunflame Enterprises
Source: Accord Fintech
13/01/2023 10:21:43 AM
High Convection Idea : Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking Market share gains to continue 80+ year old brand and a pan-India footprint: Crompton is amongst India’s leading consumer electrical companies present in the Electrical Consumer Durables (ECD) and Lighting segments. It manufactures and distributes a diverse range of consumer products ranging from Fans, Pumps and Appliances (Water Heaters, Air Coolers, Mixer Grinders, Iron, Other Small Domestic Appliances) in the ECD segment and a complete range of lighting products. Dominant playe...
High Convection Idea : Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking
High Convection Idea : Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking
Source: Religare Broking Ltd
13/12/2022 11:44:42 AM
Bajaj Electricals gains despite reporting marginal fall in Q2 consolidated net profit Bajaj Electricals is currently trading at Rs. 1161.25, up by 2.70 points or 0.23% from its previous closing of Rs. 1158.55 on the BSE. The scrip opened at Rs. 1154.00 and has touched a high and low of Rs. 1169.95 and Rs. 1151.30 respectively. So far 3754 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1378.00 on 22-Dec-2021 and a 52 week low of Rs. 857.55 on 17-Jun-2022. Last one week high and low of the scrip s...
Bajaj Electricals gains despite reporting marginal fall in Q2 consolidated net profit
Bajaj Electricals gains despite reporting marginal fall in Q2 consolidated net profit
Source: Accord Fintech
9/11/2022 12:24:07 PM
Bharat Electronics moves up on signing MoU with DMRC Bharat Electronics is currently trading at Rs. 110.30, up by 0.65 points or 0.59% from its previous closing of Rs. 109.65 on the BSE. The scrip opened at Rs. 110.05 and has touched a high and low of Rs. 111.15 and Rs. 109.70 respectively. So far 185149 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.00 on 15-Sep-2022 and a 52 week low of Rs. 62.30 on 24-Feb-2022. Last one week high and low of the scrip stood...
Bharat Electronics moves up on signing MoU with DMRC
Bharat Electronics moves up on signing MoU with DMRC
Source: Accord Fintech
9/11/2022 10:48:40 AM
Accumulate : Crompton Greaves Consumer Electricals Ltd For Target Rs.400 - Geojit Financial Services Ltd Butterfly aids revenue growth YoY Crompton Greaves Consumer Electricals Ltd. (Crompton) is a Mumbai-based electrical equipment company. Its products include lighting and electrical consumer durables such as LED lighting and fans; pumps; and household appliances such as water heaters, air coolers, and kitchen appliances. * Crompton’s consolidated revenue grew ~22.7% YoY (-8.8% QoQ) to Rs. 1,700cr in Q2FY23, aided by revenue from recently acquired Butterfly Gandhimathi Appliances (&...
Accumulate : Crompton Greaves Consumer Electricals Ltd For Target Rs.400 - Geojit Financial Services Ltd
Accumulate : Crompton Greaves Consumer Electricals Ltd For Target Rs.400 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
8/11/2022 4:51:25 PM
Estimated 32 lakh weddings till December 14 with a trade of Rs 3.75 lakh cr Encouraged by the vigorous business in the festive season of Diwali this year, traders across the country, including Delhi, are now preparing themselves for one another bonanza -- the wedding season which will begin on November 14 through December 14. During this period, around 32 lakh weddings will be solemnised across the country with a massive flow of about Rs 3.75 lakh crore by way of wedding purchasing and obtaining various services in the business being conducted by trading community...
Estimated 32 lakh weddings till December 14 with a trade of Rs 3.75 lakh cr
Estimated 32 lakh weddings till December 14 with a trade of Rs 3.75 lakh cr
Source: IANS
7/11/2022 1:47:10 PM
Voltas gains despite reporting consolidated net loss of Rs 6 crore in Q2 Voltas is currently trading at Rs. 918.00, up by 9.05 points or 1.00% from its previous closing of Rs. 908.95 on the BSE. The scrip opened at Rs. 892.10 and has touched a high and low of Rs. 927.50 and Rs. 888.15 respectively. So far 100384 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1347.75 on 07-Apr-2022 and a 52 week low of Rs. 857.90 on 17-Oct-2022. Last one week high and low of the scrip stood at Rs. 92...
Voltas gains despite reporting consolidated net loss of Rs 6 crore in Q2
Voltas gains despite reporting consolidated net loss of Rs 6 crore in Q2
Source: Accord Fintech
2/11/2022 1:39:14 PM
Small Cap : Accumulate V-Guard Industries Ltd For Target Rs.286 - Geojit Financial Services Margins softness in near term...outlook positive V-Guard Industries Ltd (VGIL) is one of the leading players in the electrical consumer durables space. Major product segments include Stabilizers, Cables & Wires, UPS, Pumps and Electrical Appliances  * In Q2FY23, PAT declined by 27% YoY, which was below our expectation on account of higher inventory costs. * EBITDA declined by 24% YoY & margins dropped by 320bps YoY on account higher ad spends & other expenses. * G...
Small Cap : Accumulate V-Guard Industries Ltd For Target Rs.286 - Geojit Financial Services
Small Cap : Accumulate V-Guard Industries Ltd For Target Rs.286 - Geojit Financial Services
Source: Geojit Financial Services Ltd
1/11/2022 2:27:22 PM
Buy Havells India Ltd : Mixed quarter, maintain buy - Religare Broking Buy Havells India Ltd For Target Rs.1,466 Strong revenue growth: Havells reported its Q2 revenue at Rs 3,669 Cr registering a growth of 13.9% over last year, led by strong volumes growth of 12% YoY. The company posted growth across all its segments, Cables accounts for 37.1% of the total revenue saw a growth of 18.8% YoY on the back of rising demand in B2B segment. Its switchgears, lighting and fixtures as well as Lloyd segments saw a growth of 10.2%, 12.0% and 21.3% respectively. Mea...
Buy Havells India Ltd : Mixed quarter, maintain buy - Religare Broking
Buy Havells India Ltd : Mixed quarter, maintain buy - Religare Broking
Source: Religare Broking Ltd
31/10/2022 11:32:46 AM
Buy V-Guard Industries Ltd : Mixed Q2 performance, outlook stays positive - LKP Securities Buy V-Guard Industries Ltd For Target Rs.285 V-Guard Industries Limited’s (VGRD) having a strong diversified product portfolio witnessed mixed performance in Q2FY23 where revenues improved 8.6% YoY better than estimates given a higher base same quarter last year while some softness witnessed in latter part of the Q2FY23. On segmental basis continued traction seen across the Consumer Durables segment reporting strong growth followed by the Electronics segment which has sustained its i...
Buy V-Guard Industries Ltd : Mixed Q2 performance, outlook stays positive - LKP Securities
Buy V-Guard Industries Ltd : Mixed Q2 performance, outlook stays positive - LKP Securities
Source: LKP Securities Ltd
31/10/2022 11:14:29 AM
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking Synergy opportunity with BGA to drive growth Revenue growth led by BGA: Crompton reported its Q2 revenue at Rs 1,700 Cr registering a growth of 22.7% YoY, mainly due to acquisition of BGA. Amongst segments, Electric consumer durables which accounts for major portion of the total revenue saw a de-growth of 3.1% YoY, whereas its lighting products declined by 6.5% due to muted demand in conventional lighting business.   Impacted Margins: The Company reported its gross profit at Rs ...
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.516 - Religare Broking
Source: Religare Broking Ltd
31/10/2022 11:08:38 AM
Aditya Vision trades higher on opening 89th showroom in Bihar Aditya Vision is currently trading at Rs. 1468.80, up by 16.70 points or 1.15% from its previous closing of Rs. 1452.10 on the BSE. The scrip opened at Rs. 1494.00 and has touched a high and low of Rs. 1494.00 and Rs. 1452.00 respectively. So far 5226 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1528.70 on 01-Sep-2022 and a 52 week low of Rs. 598.55 on 04-Jan-2022. Last one week high and low of the scrip sto...
Aditya Vision trades higher on opening 89th showroom in Bihar
Aditya Vision trades higher on opening 89th showroom in Bihar
Source: Accord Fintech
4/10/2022 11:10:05 AM