Investment & Precision Castings Ltd. News and Updates

Name: Latest research reports of Investment & Precision Castings Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Investment & Precision Castings Ltd.
Rating: 1
Author: ICICI Securities Limited

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Investment & Precision Castings Ltd.

02 May 2019

490.10

-1.00%

Investment Precision Castings

Sell: Investment & Precision Cas...

Recommendation Target

ICICI Securities Limited

Slowdown in key automotive clients impacts performance IPCL predominantly caters to auto OEMs. The company derives ~80% revenue from the automotive sector wherein it provides casting products such as gear shifter fork, pre combustion chamber, etc. Generally, revenue contribution by sub-segment involves passenger vehicles (40%), commercial vehicles (40%), two-wheelers and tractors contribute (20%). Maruti Suzuki is the company's largest client. A slowdown and uncertain growth among leading auto OEM manufacturers over the next two to three...

Investment & Precision Castings Ltd. has gained 59.74% in the last 1 Year

Investment & Precision Castings Ltd.

01 Feb 2019

490.10

-1.00%

Investment Precision Castings

Hold: Investment & Precision Cas...

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Investment Precision Castings (IPCL) reported a mixed bag Q3FY19 performance amid rising raw material (steel) prices offset by...