News

Hold Astral Ltd For Target Rs 1,909 - ICICI Securities Demand and margin trend remains favourable We interacted with the management of Astral Ltd (Astral) and following are the key takeaways: a) demand trend in pipe market remains healthy in Q2FY24-TD with 20%+ volume growth YoY (partly aided by low base) driven largely by the plumbing segment; b) management indicated operating margins to improve QoQ in Q2FY24 for both pipes (due to better product mix and no inventory losses likely to recur in Q2 given that PVC resin prices have been on an upt...
Hold Astral Ltd For Target Rs 1,909 - ICICI Securities
Hold Astral Ltd For Target Rs 1,909 - ICICI Securities
Source: ICICI Securities Ltd
6/09/2023 2:27:54 PM
Vikas Ecotech rises on repaying another Rs 5 crore under debt reduction program Vikas EcoTech is currently trading at Rs. 3.26, up by 0.01 points or 0.31% from its previous closing of Rs. 3.25 on the BSE. The scrip opened at Rs. 3.28 and has touched a high and low of Rs. 3.33 and Rs. 3.25 respectively. So far 3380465 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.13 on 19-Jan-2023 and a 52 week low of Rs. 2.38 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 3.36 and ...
Vikas Ecotech rises on repaying another Rs 5 crore under debt reduction program
Vikas Ecotech rises on repaying another Rs 5 crore under debt reduction program
Source: Accord Fintech
6/09/2023 12:05:01 PM
Responsive Industries rises on entering into Waterproofing Membrane Division with Vaitarna Tunnel Project Win Responsive Industries is currently trading at Rs. 228.85, up by 0.25 points or 0.11% from its previous closing of Rs. 228.60 on the BSE. The scrip opened at Rs. 228.70 and has touched a high and low of Rs. 235.00 and Rs. 223.95 respectively. So far 71398 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 239.60 on 16-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 entering into Waterproofing Membrane Division with Vaitarna Tunnel Project Win
Responsive Industries rises on entering into Waterproofing Membrane Division with Vaitarna Tunnel Project Win
Source: Accord Fintech
21/08/2023 3:48:16 PM
Vikas Lifecare zooms on reporting over 4-fold jump in Q1 consolidated net profit Vikas Lifecare is currently trading at Rs. 3.43, up by 0.32 points or 10.29% from its previous closing of Rs. 3.11 on the BSE. The scrip opened at Rs. 3.32 and has touched a high and low of Rs. 3.63 and Rs. 3.31 respectively. So far 10960733 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 5.54 on 23-Aug-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. 3.63 a...
Vikas Lifecare zooms on reporting over 4-fold jump in Q1 consolidated net profit
Vikas Lifecare zooms on reporting over 4-fold jump in Q1 consolidated net profit
Source: Accord Fintech
14/08/2023 2:14:03 PM
Buy Prince Pipes & Fittings Ltd For Target Rs.733 - Yes Securities Ltd We interacted with the management of Prince Pipes & Fittings Ltd to understand the on-going demand trends, update on recent launch of sanitaryware & faucets & impact of transition to global ERP system & following are the key highlights: * Challenges in migrating to global ERP system impacted company’s operations for first half in Q1FY24. * Management expects real estate demand will continue for next 3-4 years, that will drive growth for plumbing products. * Mana...
Buy Prince Pipes & Fittings Ltd For Target Rs.733 - Yes Securities Ltd
Buy Prince Pipes & Fittings Ltd For Target Rs.733 - Yes Securities Ltd
Source: Yes Securities Ltd
19/07/2023 12:03:32 PM
Neutral Supreme Industries Ltd For Target Rs. 3, 111 By Yes Securities We attended the AGM of Supreme Industries Ltd. & following are the key highlights from the same: * Management reiterated their growth guidance of 15% for FY24. Plastic pipe volumes to grow by 20%+ in FY24. Overall, company expects a turnover of Rs110Bn with an operating margin of 13.5-14% * Management is confident on achieving this growth on the back of strong demand from Jal Jeevan mission, large spends on infrastructure, new product launches and increase in distribution network. ...
Neutral Supreme Industries Ltd For Target Rs. 3, 111 By Yes Securities
Neutral Supreme Industries Ltd For Target Rs. 3, 111 By Yes Securities
Source: Yes Securities Ltd
6/07/2023 2:18:32 PM
Buy Apollo Pipes Ltd For Target Rs.820 - Yes Securities Result Synopsis Apollo pipes registered higher quarterly volumes of 18,685Te (2-year CAGR 20%), a growth of 13%YoY & 4%QoQ on account of healthy demand from plumbing segment. The ASP came in at Rs135/Kg as compared to Rs150/Rs131 in Q4FY22/Q3FY23 respectively. With better product mix & no impact of inventory gain/loss, company’s EBITDA/Kg stood at Rs16 in Q4FY23 Vs Rs17/Rs9 in Q4FY22/Q3FY23 respectively, hence EBITDA margins came in at 11.7% as against 11.5%/6.8% in Q4FY22/Q3...
Buy Apollo Pipes Ltd For Target Rs.820 - Yes Securities
Buy Apollo Pipes Ltd For Target Rs.820 - Yes Securities
Source: Yes Securities
15/05/2023 12:17:08 PM
TPL Plastech jumps on commencing Greenfield Industrial Packaging manufacturing facility at Dahej TPL Plastech is currently trading at Rs. 33.04, up by 0.60 points or 1.85% from its previous closing of Rs. 32.44 on the BSE. The scrip opened at Rs. 32.10 and has touched a high and low of Rs. 33.47 and Rs. 32.10 respectively. So far 5030 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 43.50 on 11-Oct-2022 and a 52 week low of Rs. 23.26 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs. 34.25 ...
TPL Plastech jumps on commencing Greenfield Industrial Packaging manufacturing facility at Dahej
TPL Plastech jumps on commencing Greenfield Industrial Packaging manufacturing facility at Dahej
Source: Accord Fintech
3/05/2023 3:05:15 PM