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  • APL Apollo

    We expect APL Apollo to see revenue CAGR of 22.4% over FY18-20E aided by sharp rise in sales volumes for the pipe segment. EBITDA margins are likely to expand 128bps over FY18-20E aided by increased share of higher-margin products. As a result, APL Apollo i...

    Buy Reco. Price: 1,230.00

  • Tata Comm

    Tata Communications is likely to report revenue CAGR of 2.4% over FY18-20E due to (1) improved project execution supported by migration towards digital  services and (2) reduced presence of traditional telecom services. This  transformation to...

    Buy Reco. Price: 452.00

  • Prakash Inds.

    Prakash Industries is expected to report revenue CAGR of 3.5% over FY18-20E aided by (1) ~6% CAGR volume growth for steel products over FY18-20E, and (2) ~10% CAGR in volume growth for the PVC pipes segment. EBITDA margins are likely to reduce ~534bps over ...

    Buy Reco. Price: 103.00

  • Fag Bearings

    Schaeffler reported mixed set of numbers in Q3CY18 with revenue up 19% yoy and PAT down 5% yoy while EBITDA was up 19% yoy even as EBITDA margin remained steady on a yoy basis. Price hikes offset rising input costs to some extent. Schaeffler reported number...

    Buy Reco. Price: 4,844.25

  • Bombay Burmah

    We are positive on Britannia Industries due to its dominant position in bakery, confectionary and dairy industry. Performance for Bombay Dyeing has suffered due to deteriorating business conditions and a high debt burden (FY18 D/E 4.2x). However, BBTC&rsquo...

    Buy Reco. Price: 1,188.00

  • Jamna Auto Inds.

    JAI has capacity of 2,40,000 tonnes of springs/annum. Shift in preference towards high tonnage trucks will favor parabolic springs (higher realizations, margins). Continued Government spending on infrastructure, free freight movement across states,...

    Buy Reco. Price: 69.30

  • Motherson Sumi

    MSSL has several moving parts to itself with standalone (mainly India) business going strong due to increasing content per car. The acquisition of PKC has hastened growth of company adding Rs6,000cr of potential revenue to its wiring harness segment. EB...

    Buy Reco. Price: 252.30

  • Sun Pharma.Inds.

    Sun Pharma has received form 483 on Halol while Mohali has also been inspected by USFDA in September 2018. Though Halol remains focus area, the attention now moves towards the ramp-up of the recent launches from the specialty pipeline i.e. Ilumya, Seciera a...

    Reduce Reco. Price: 591.25

  • Oberoi Realty

    Oberoi Realty reported new bookings of Rs570cr in Q2FY19, driven by subvention schemes in its Goregaon and Mulund projects. The company continues to witness strong momentum in new bookings despite a challenging demand environment. Consolidated sales surged ...

    Buy Reco. Price: 380.25

  • ICICI Lombard

    ICICI Lombard General Insurance (ILOM) focuses on expanding its reach across high-margin retail portfolio in motor and health segments. Government-led initiatives for crop insurance is one of the major levers for the sector. However, considering the erratic...

    Buy Reco. Price: 791.00