Avanti Feeds Ltd.    
27 Nov 2020, 12:00AM
Geojit BNP Paribas
For Q2FY21, revenue grew by 6% YoY on account of gradual improvement in operations post lockdown. Feed volumes improved 2.5%YoY and Feed realisation grew by 5%YoY due to price hike in previous quarter. However, Processing volumes de-grew by 11%YoY while export realisation grew by 15%YoY due to better region mix. Industry shrimp production is expected to drop by ~15%-20% in FY21 due to Covid-19 led disruptions but to improve in FY22. Relaxation in restrictions and improvement in farm-gate prices is encouraging farmers which along with AFL's increasing market share in Feed segment will support future volumes. We expect...
Avanti Feeds Ltd. has an average target of 610.00 from 2 brokers.
Glenmark Pharmaceuticals Ltd.    
27 Nov 2020, 12:00AM
Geojit BNP Paribas
Glenmark Pharma Ltd (GNP) is an India-based pharmaceutical company with commercial presence in more than 80 countries across the globe. GNP is primarily focused on generics, specialty and OTC businesses. The company has strong regional/country-specific presence in diabetes,...
Glenmark Pharmaceuticals Ltd. has gained 35.07% in the last 6 Months
Hindustan Petroleum Corporation Ltd.    
27 Nov 2020, 12:00AM
Geojit BNP Paribas
Net revenue for Q2FY21 declined 14.9% YoY on account of subdued recovery post lockdown relaxations. However, Gross Refinery Margins improved to US$ 5.1/bbl (vs US$ 2.8/bbl in Q2FY20) driven by...
Hindustan Petroleum Corporation Ltd. has gained 20.63% in the last 1 Month
Market Movement    
TREND | 27 Nov 2020, 12:00AM
Indian market closed positive during the week. Nifty and Sensex up this week by 0.85% and 0.61% respectively.
Edelweiss released a report for Market Movement on 27 Nov, 2020.
Oil and Gas    
SECTOR | 27 Nov 2020, 12:00AM
Nirmal Bang Institutional
Massive capex and benign policy support gas outlook We have summarized key takeaways from the CGD webinar hosted by CRISIL research last week. We also discuss key developments as well as issues related to the Oil & Gas sector and the September'20 trend in Indian gas consumption, which has revived to near normal level. CRISIL made positive comments about the CGD sector and new CGD projects underway in areas (GAs) awarded in 9th/10th round auctions by the PNRGRB. CRISIL believes that execution looks on track with low project risk. Capex of Rs1200bn over 7...
Dr. Reddy's Laboratories Ltd.    
27 Nov 2020, 12:00AM
Nirmal Bang Institutional
We revise our estimates on gVascepa sales for Dr. Reddy's Laboratories (DRL). Last quarterly sales annualised for Vascepa are US$620mn. We account for upside from Sputnik vaccine in our DRL target price considering the publication of positive data from interim analysis of Phase 3 studies suggesting >95% efficacy at 21 days post administration of the second dose. Revision in our gVascepa Forecasts: We revise our sales forecast on gVascepa for DRL as we gather from recent launch by Hikma that generics have been granted a skinny label, which carves out the larger indication (reduction in CV risk in statin treated patients with TG level >150mg/dl). In addition we also anticipate supply and pricing constraints to restrict the market share. Dr. Reddy is yet to launch...
FIIs/FPIs have increased holdings from 814 to 839 in Sep 2020 qtr.
Construction Materials    
SECTOR | 27 Nov 2020, 12:00AM
Nirmal Bang Institutional
Based on our channel checks, cement demand and prices are strong in November'20 Research Analyst owing to pick-up in demand in the non-trade segment (infra segment) and mangesh.bhadang@nirmalbang.com continuation of demand from the individual house building (IHB) segment. All-India +91-22-6273 8068 cement prices have increased by ~2% over the last one month, primarily driven by...
Brokerage Research Reports    
TREND | 27 Nov 2020, 12:00AM
ICICI Securities Limited released a report for Brokerage Research Reports on 27 Nov, 2020.
Godrej Properties Ltd.    
26 Nov 2020, 11:38PM
HDFC Securities
We believe GPL only constrains itself, and that is its biggest strength or weakness. Given recent run up we initiate coverage on the stock with an ADD recommendation and SOTP of Rs 1,164/sh (40% NAV premium). Godrej Properties Ltd (GPL) is a sectoral bell-weather with an innate capacity to build homes. Over the years, it has metamorphosed into a seamless home manufacturing machine with the shortest production time from land acquisition to approvals to launches and sales. In this journey, it has gained market share and emerged a crucial challenger in the respective micro-markets; it is on its way to becoming a leader. Given strong brand, robust financial capacity and strong execution capabilities, landowners/Tier 2 developers have been partnering with GPL for JV opportunities. The growth journey is expected to crystallise further with the regulatory landscape changing over the years, in favour of organised developers.
Godrej Properties Ltd. has gained 82.82% in the last 6 Months
RBL Bank Ltd.    
26 Nov 2020
Geojit BNP Paribas
RBL Bank Ltd. is a fast-growing private sector bank with a network of 386 branches and over 8.5 million customers. It offers various services, including corporate and institutional banking, commercial banking, retail banking,...
Geojit BNP Paribas increased Hold price target of RBL Bank Ltd. to 230.0 on 26 Nov, 2020.