AEROFLEX INDUSTRIES LTD.
Ventura
IPO NOTE
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
---|---|---|---|---|---|---|---|---|---|---|---|
18 Aug 2023 | Aeroflex Industries |
Ventura
|
189.28 |
IPO Subscribe
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11 Aug 2023 | Surya Roshni |
IDBI Capital
|
292.00 | 937.00 | 766.05 (-61.88%) | Target met |
Buy
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08 Aug 2023 | APL Apollo Tubes |
ICICI Securities Limited
|
1691.10 | 1740.00 | 1477.30 (14.47%) | Target met |
Buy
|
Towards higher vistas...
ICICI Securities Limited
APL Apollo Tubes’ (APL) Q1FY24 EBITDA missed consensus estimates by 10% though it was broadly in line with ours. Key points: 1) destocking in Q1FY24 impacted margins with EBITDA/te declining 6.5% QoQ to INR4,645; 2) sales volume was up 56.8% YoY (1.8% QoQ) at 662kte; and 3) volume from Raipur plant was at 75kte, slightly up QoQ. Going ahead, management expects growth to be largely volume-driven with capacity rising to 5.0mtpa by end-FY25.
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08 Aug 2023 | APL Apollo Tubes |
Axis Direct
|
1691.10 | 1630.00 | 1474.05 (14.72%) | Target met |
Buy
|
Result Update:APL Apollo Tubes
Axis Direct
Recommendation: Incremental production from the Raipur plant will drive higher EBITDA/t. However, post the recent rally in the stock price, the valuation is not very attractive which caps a higher upside on the stock from the CMP.
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01 Aug 2023 | JTL Industries |
Axis Direct
|
76.79 | 470.00 | 389.15 (-80.27%) | Pre-Bonus/ Split |
Buy
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31 Jul 2023 | Goodluck |
Prabhudas Lilladhar
|
1088.40 | 506.40 (114.93%) |
Not Rated
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14 Jul 2023 | APL Apollo Tubes |
Sharekhan
|
1691.10 | 1560.00 | 1375.10 (22.98%) | Target met |
Buy
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28 Jun 2023 | Usha Martin |
Edelweiss
|
426.55 | 272.40 (56.59%) |
Not Rated
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02 Jun 2023 | APL Apollo Tubes |
Motilal Oswal
|
1691.10 | 1490.00 | 1135.45 (48.94%) | Target met |
Buy
|
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20 May 2023 | APL Apollo Tubes |
Axis Direct
|
1691.10 | 1200.00 | 1092.70 (54.76%) | Target met |
Buy
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