World Economy and Markets    
TREND | 26 Mar 2019, 12:00AM
Axis Direct
Most Asian markets are trading higher as stocks recovered from the sell-off seen in the previous session. Nikkei is trading higher by 1.83%, Hangseng is trading higher by 0.39% and Shanghai is trading lower by 0.19%. Indian indices are expected to open on a flat note. Sgx Nifty is trading lower by 0
Axis Direct released a report for World Economy and Markets on 26 Mar, 2019.
Deepak Nitrite Ltd.    
26 Mar 2019, 12:00AM
272.60
5.35%
buy
CD Equisearch
Propelled by higher off take of high margin products and firm overall realizations, revenues of Deepak's basic chemicals business rose by a satisfying 14.8%, in 9MFY19, a marked improvement from 7.3% reported last fiscal. Margins rose too - 15.9% Vs 13.9% but not without discernible fluctuations in margins over the last few quarters. Deepak's seemingly most potent fine & speciality chemicals business incredibly benefitted from higher volume growth - resulting from higher utilization and backward integration initiatives - in both domestic and overseas markets....
Deepak Nitrite Ltd. has gained 19.07% in the last 1 Month
Indostar Capital Finance Ltd.    
25 Mar 2019, 03:33PM
356.00
3.26%
HDFC Securities
Initiate coverage with a BUY (TP of Rs 549, 1.5xMar-21E ABV of Rs 366). Promoted and run by professionals, Indostar Capital Finance (INDOSTAR) is an NBFC, with a presence spanning multiple segments (unlike other NBFCs with a monoline business). After commencing operations as a special situation corporate and developer financier, INDOSTAR managed to pull off a transition to retail lending (fashionable).
Indostar Capital Finance Ltd. is trading above it's 150 day SMA of 349.61
Maruti Suzuki India Ltd.    
25 Mar 2019, 02:04PM
6595.00
1.11%
HDFC Securities
We set a revised PT of Rs.7,350 based on 22x PE (on FY21 EPS). The Toyota Suzuki - Maruti relationship has moved a step further with the two Japanese OEMs announcing joint development initiatives both in India and for global markets. We expect the synergies from this relationship to be visible over the medium term. While Maruti will gain access to hybrid technology, which will ensure their continued market dominance, they will now be sharing one fourth of their portfolio by volumes with Toyota. We re-iterate our BUY on Maruti as we believe that it is well positioned to benefit from the transition post the introduction of BSVI in Apr20.
Maruti Suzuki India Ltd. has lost -25.52% in the last 1 Year
44.80
-1.21%
buy
CD Equisearch
Talwalkars Better Value Fitness Limited (TBVFL) the old entity has demerged its business to two companies- a gym company and a lifestyle company. The gym company, earlier known as Talwalkars Lifestyle Ltd.' has...
Talwalkars Better Va.. has an average target of 133.50 from 4 brokers.
Automobiles & Auto Components    
SECTOR | 25 Mar 2019
ICICI Securities Limited
Auto volume dispatches were once again weighed down by the large dealer inventory in the system, with the situation only having worsened as time has gone by. Wholesale volumes for the month were at 24.1 lakh units, declining 2.5% YoY. Consequent YTD industry growth was at 8.2% YoY. Worryingly, inventory levels continue to spiral despite the heavy discounting being undertaken by OEMs since December in a bid to correct the overestimated stocks build-up in anticipation of a strong festive season at the back end of last year. According to data released by Federation of Automotive Dealers...
default
ICICI Securities Limited released a Sector Update report for Automobiles & Auto Components on 25 Mar, 2019.
World Economy and Markets    
TREND | 25 Mar 2019
Axis Direct
Asian markets are trading lower tracking negative cues from Wall Street over the weekend amid concerns over global economic growth. Nikkei is trading lower by 3.30%, Hangseng is trading lower by 1.71% and Shanghai is trading lower by 1.08%. Indian indices are expected to open in the red. Sgx Nifty i
Axis Direct released a report for World Economy and Markets on 26 Mar, 2019.
Symphony Ltd.    
25 Mar 2019
1342.00
-0.37%
buy
Symphony Ltd. has gained 23.12% in the last 3 Months
Construction Materials    
SECTOR | 25 Mar 2019
Nirmal Bang Institutional
Price Momentum Fails To Keep Pace As Demand Falters All-India retail cement prices fell marginally by 1% MoM, although they rose 6% YoY, to Rs322/bag in March 2019 (from Rs326/bag in February 2019 and Rs305/bag in March 2018). Prices rose YoY in all regions except eastern region, but the pace was higher in southern region. However, on MoM basis, the prices showed a mixed performance with a decline in southern and western regions by 1%-3% (the upward movement was sharp in February 2019), while prices in central and northern regions rose in March 2019 in the range of 1%-2%. Price weakness continued in eastern region. Our channel check indicated that the upward price movement (~2%) in central region (comprising...
default
Nirmal Bang Institutional released a Sector Update report for Construction Materials on 25 Mar, 2019.
Brokerage Research Reports    
TREND | 25 Mar 2019
BOB Capital Markets Ltd.
India's FX reserves for the week ending 15 Mar 2019 rose to US$ 406bn. On a weekly basis, they increased by US$ 3.6bn, compared with US$ 0.3bn last week. In CYTD19, reserves have increased by US$ 12.2bn while INR has appreciated by 1%. In FYYTD19, reserves are down by US$ 18.7bn compared with an accretion of US$ 51.4bn in FYTD18. Flash manufacturing PMIs of major advanced economies indicate activity in Mar'19 contracted across regions. In particular the Eurozone (led by Germany and France) and Japan. Eurozone's manufacturing PMI fell to...
BOB Capital Markets Ltd. released a Economy Update report for Brokerage Research Reports on 25 Mar, 2019.