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LKP Securities

Published on 6/07/2020 9:19:25 AM

LKP Spade, Weekly Pick

Buy SIEMENS Ltd 1 Week @ ₹1,149 CMP 1,149 Target 1,230 SL 1,090

Click Here - https://tinyurl.com/yah3b8xf

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Arihant Capital Markets Ltd

Published on 6/07/2020 9:11:56 AM

AXISCADES ENGINEERING TECHNOLOGIES LTD. Q4FY20 RESULT UPDATE

AXISCADES Engineering Technologies reported good set of numbers in Q4FY20. Consolidated revenue for the quarter stood at Rs 1,924 mn, registering +14.3% QoQ/+18.4% YoY growth. Reported EBITDA stood at Rs 332 mn against Rs 85 mn in the corresponding quarter of previous year. On a sequential basis EBITDA saw a growth of +33%. EBITDA margin expanded +243 bps QoQ/+1202 bps YoY to 17.3%, against 5.2% in Q4FY19. The company saw expansion in margin after closer alignment to customers. Consolidated PAT for the quarter stood at Rs 164 mn, registering a sequential growth of +98.0% QoQ. The Company delivered significant improvement in Revenue, EBITDA Margins and Net Profits on back of increased and new engagements from customers. With a longer-term perspective and after factoring in good Q4FY20 results, we have revised our FY21E/FY22E estimates. We maintain our Buy rating on AXISCADES with a target price of Rs 73.

 Outlook & Valuation - We expect that AxisCades Engineering will keep on adding several multimillion dollar contracts in the future as well and its engagements in the defense sector revenue yields to boost its margins as well. At CMP of Rs 59, AXISCADES Engineering Technologies Ltd., currently trades at FY20 P/E of 7.4x. Factoring in good Q4FY20 results, we revised our FY21E/FY22E estimates to build in higher margin and profitability in the future. We value the stock on a P/E (x) multiple of 7x its FY22E earnings, which yields a target price of Rs 73 per share. We maintain our Buy rating on AXISCADES with a target price of Rs 73, giving an upside potential of 23%.

Tags: Fundamental,  Result Update

SEBI Registration No.- INH000002764
Please refer disclaimer at http://arihantcapital.com/

Swastika Investmart Ltd

Published on 6/07/2020 8:46:43 AM

Pre Quarter Update
HDFC Bank: Advances up 21% YoY (up 1% QoQ)
IndusInd: Advances up 3.5% YoY (down 3.1% QoQ) 
Federal Bank: Advances up ~8% YoY (down ~1% QoQ) 
Marico: Q1 volume decline will be in low teens 
Sobha: 1QFY21 sales volume down 39% YoY

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Sushil finance

Published on 6/07/2020 8:45:40 AM

Pre Market Calls

Scrip Name - KOTAK MAHINDRA BANK LTD (500247) 
Previous Close - 1354
Bull/Bear TP - 1354
Target 1- 1326
Target 2- NA
Remarks - Sell for the day

Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.

Sushil finance

Published on 6/07/2020 8:45:08 AM

Pre Market Calls

Scrip Name - HAVELLS INDIA LTD (517354) 
Previous Close - 580
Bull/Bear TP - 580
Target 1- 568
Target 2- NA
Remarks - Sell for the day

Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.

Sushil finance

Published on 6/07/2020 8:44:41 AM

Pre Market Calls

Scrip Name - TATA MOTORS LTD (500570) 
Previous Close - 103
Bull/Bear TP - 103
Target 1- 106
Target 2- NA
Remarks - Buy for the day

Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.

Sushil finance

Published on 6/07/2020 8:42:07 AM

Pre Market Calls

Scrip Name - BHARAT FORGE LTD (500493) #
Previous Close - 359
Bull/Bear TP - 359
Target 1- 367
Target 2- NA
Remarks - Buy for the day

Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.

Sushil finance

Published on 6/07/2020 8:41:46 AM

Pre Market Calls

Scrip Name - APOLLO TYRES LTD (500877) 
Previous Close - 114
Bull/Bear TP - 114
Target 1- 117
Target 2- NA
Remarks - Buy for the day

Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.

Sushil finance

Published on 6/07/2020 8:41:24 AM

Pre Market Calls

Scrip Name - AMBUJA CEMENTS LTD (500425) #
Previous Close - 196
Bull/Bear TP - 196
Target 1- 200
Target 2- NA
Remarks - Buy for the day

Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.

Angel Broking Pvt Ltd

Published on 3/07/2020 4:46:10 PM

Below is the Quote On The Auto Sales Data for June`20 by Mr. Rajit Rajoriya, Equity Research Associate, Angel Broking Ltd

June20 Auto Sales Number – Commentary and Outlook

Auto sales numbers for the month of June reported strong growth sequentially led by tractors and two wheelers. Due to the sudden lockdown companies reported almost zero sales in the month of April. While companies resumed operations partially in May, numbers were still very subdued with only the tractor segment reporting a decent set of numbers. However two wheelers and passenger vehicles (PV) segment also reported strong traction in June due to Government decision to open up the economy under Unlock 1.0.

Tractor segment reported robust set of numbers for June with Escorts leading the way with a 21% YoY growth in June while market leader Mahindra registered a growth of 10%. Growth was driven due to positive sentiments amongst farmers due to a bumper rabi crop, government support for agri initiatives which has led to better rural cash flows. We expect demand for tractors will continue to remain buoyant in the coming months.

Click Here - https://bit.ly/2D6Lfc0

Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164