AIA Engineering Ltd. News and Updates

Name: Latest research reports of AIA Engineering Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: AIA Engineering Ltd.
Rating: 3
Author: ICICI Securities Limited

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AIA Engineering Ltd.

11 Nov 2020

3094.60

-3.01%

Buy AIA Engineering; target of Rs 1948: YES Securities

Moneycontrol

YES Securities is bullish on AIA Engineering has recommended buy rating on the stock with a target price of Rs 1948 in its research report dated November 02, 2020.

Number of FII/FPI investors decreased from 271 to 255 in Dec 2024 qtr

AIA Engineering Ltd.

03 Nov 2020

3094.60

-3.01%

AIA Engineering

Hold: AIA Engineering Ltd.

Target

ICICI Securities Limited

Pick up in mining volumes to continue over H2FY21E During the quarter, sales volumes came in robust at 68575 MT in Q2FY21, up 12% YoY led by mining segment volumes that grew 15.8% to 46750 MT. Cement & others segment volumes came in at 21825 MT, up 4.6%, YoY. Mining segment is further expected to pick up as economic activities are normalising across the world including India while non-mining segment is also seeing traction with revival in infrastructure, utilities spends across the world. Operations across all facilities, including India, have reach pre-Covid...

AIA Engineering Ltd. has lost -27.31% in the last 6 Months

AIA Engineering Ltd.

02 Nov 2020

3094.60

-3.01%

AIA Engineering

Buy: AIA Engineering Ltd.

Yes Securities

Growing share via value added offerings; Retain 'BUY': We retain FY22 volumeestimatesat296kMTassumingi)Increaseinannualgrindingmediavolumes by2025kMTonanormalizedbaseofFY20,ii)Approx.10kMTcontributionfrommill lining solutions & ~70bps margin expansion over FY2022 led by benefits of INR depreciation (~75% exports), launch of relatively high margin value added mill lining solutions & operating leverage play. The stock is currently trading at 24x FY22E earnings. It deserves premium multiple due to strong business MOAT. We remain optimisticonthebusinessprospectswithadjustedROE(excash)of28%byFY22E,...

AIA Engineering Ltd. has an average target of 4188.67 from 3 brokers.

AIA Engineering Ltd.

12 Aug 2020

3094.60

-3.01%

AIA Engineering

Hold: AIA Engineering Ltd.

ICICI Securities Limited

Mining volumes expected to revive gradually over FY21E During the quarter, sales volumes came in at 53177 MT, down 16.4% YoY dragged down by cement/other segment volumes. Mining segment volumes came in at 41055 MT, up 1.0% YoY and cement & others segment volumes came in at 12112 MT, down 47.3%, YoY. Mining segment is expected to at least sustain the run rate of 40-41000 MT in coming quarters while non-mining segment reduced owing to slower infrastructure, utilities spend across the world. The company did not face much supply chain...

AIA Engineering Ltd.'s price crossed below 30Day SMA today

AIA Engineering Ltd.

23 Jun 2020

3094.60

-3.01%

Hold AIA Engineering; target of Rs 1705: ICICI Direct

Moneycontrol

ICICI Direct recommended hold rating on AIA Engineering with a target price of Rs 1705 in its research report dated June 23, 2020.

Number of FII/FPI investors decreased from 271 to 255 in Dec 2024 qtr

AIA Engineering Ltd.

23 Jun 2020

3094.60

-3.01%

AIA Engineering

Hold: AIA Engineering Ltd.

Target

ICICI Securities Limited

During the quarter, sales volumes were at 82128 MT, up 2.6% YoY, while overall FY20 volumes were at 267229 MT YoY. Mining segment volumes were at 55105 MT, up 9.3% YoY while cement & others segment volumes were at 27023 MT, down 8.8% YoY. Mining segment, which contributes ~67%, reported decent growth despite volumes loss of ~20000-22000 MT from iron ore customer in Brazil, Africa. The company did not face much supply chain disruption or dispatch issues as it has already stocked up its warehouses which allowed dispatches to customers despite lockdowns....

AIA Engineering Ltd. has lost -27.31% in the last 6 Months

AIA Engineering Ltd.

13 May 2020

3094.60

-3.01%

Hot Stocks | Here's why Tata Consumer, AIA Engineering are buys for short term

Moneycontrol

The maximum open interest in Calls is placed at 9,500 strike while 9,000 strike holds the maximum open interest in Puts.

AIA Engineering Ltd.'s price crossed below 30Day SMA today

AIA Engineering Ltd.

13 Apr 2020

3094.60

-3.01%

AIA Engineering share price jumps 17% as work resumes at Ahmedabad, Trichy plants

Moneycontrol

The company has restarted operations in a staggered manner at these two plants.

AIA Engineering Ltd. has lost -27.31% in the last 6 Months

AIA Engineering Ltd.

31 Mar 2020

3094.60

-3.01%

AIA Engineering

Hold: AIA Engineering Ltd.

Target

ICICI Securities Limited

Companies like Larsen & Toubro and KEC with exposure to the Middle East and North Africa (MENA) region are expected to get impacted by the recent more than 60% fall in crude oil prices to US$22/barrel. This is expected to impact overall orders/awarding from the MENA region. Companies like Elgi Equipments, AIA Engineering, Thermax, Engineers India and Kalpataru Power with exposure to international geographies like Europe, Middle East, China for sales or essential raw material may get impacted. However, lockdowns in India, UK, Europe and other geographies due to Covid-19 are...

AIA Engineering Ltd.'s price crossed below 30Day SMA today

AIA Engineering Ltd.

01 Feb 2020

3094.60

-3.01%

AIA Engineering

Hold: AIA Engineering Ltd.

ICICI Securities Limited

Subdued mining volumes to impact FY20E performance During the quarter, sales volumes came in at 60263 MT, which grew marginally by 1.7% YoY while 9MFY20 volumes remained flat YoY to 185101 MT YoY. Mining segment sales volume grew marginally by 2.7% to 41162 MT while other segment came in flat at 19101 MT. Mining segment, which contributes more than 66%, got impacted by loss of volumes of ~18000 to 20000 MT from one of the Brazilian iron ore mine customer and ~5000 MT due to mining shutdown of one copper mining customer. Accordingly, the...