Research Reports published by BONANZA

Voltas Ltd.    
01 Jan 2019
1030.25
0.20%
buy
Bonanza
Voltas being a strong brand in the room air conditioner (RAC) segment has maintained its market leadership position in India despite rising competition and various macro level abruptions such as demonetization and GST implementation. Voltas' Unitary Cooling Products (UCP) segment contributes ~50% to sales and recorded ~12% CAGR in FY12-18. A strong brand coupled with over 6,500 dealers has helped increase its market share in ACs from 14% in FY10 to ~21% in FY18. Product mix has improved towards energy efficientinverter RAC segment as inverter AC currently...
Voltas Ltd. has gained 88.79% in the last 1 Year
Voltas Ltd.    
20 Dec 2018
1030.25
0.20%
buy
Bonanza
Voltas being a strong brand in the room air conditioner (RAC) segment has maintained its market leadership position in India despite rising competition and various macro level abruptions such as demonetization and GST implementation. Voltas' Unitary Cooling Products (UCP) segment contributes ~50% to sales and recorded ~12% CAGR in FY12-18. A strong brand coupled with over 6,500 dealers has helped increase its market share in ACs from 14% in FY10 to ~21% in FY18. Product mix has improved towards energy efficientinverter RAC segment as inverter AC currently...
Voltas Ltd. has gained 88.79% in the last 1 Year
MindTree Ltd.    
15 Nov 2018
2477.45
0.44%
buy
Bonanza
Recently, the stock price of Mindtree Ltd.(Mindtree) corrected by ~28% from 52-week high of Rs.1,184as the company has posted lower revenue growth mainly due to closure of some projectin Europein the quarter. Mindtree, a mid-tier IT company, has presence in select verticals like, BFSI, Retail, Travel, Hi-Tech and services like, Digital, IMS and ADM. Its success is largely due to its niche positioning and strong management pedigree. Its strategy has been backed by strong execution, which has helped it grow above industry rate at a CAGR of 14% in IT Services business in the last five...
MindTree Ltd. has gained 23.94% in the last 3 Months
Havells India Ltd.    
15 Oct 2018
997.75
-0.91%
Bonanza
Havells is one of the fastest growing fan brands in the Indian market with market share at ~17% while in the switchgear market, it is the market leader in the low voltage segment with ~28% market share. Over the period, Havells has established a network of ~7,500 dealers spread across the four regions servicing ~100,000 retailers/touch points in India. It is highly successful in augmenting market share of existing products along with launching new products, which have received good response driven by high brand visibility. Recently, Havells has acquired the...
Havells India Ltd. has an average target of 944.38 from 9 brokers.
TVS Motor Company Ltd.    
05 Apr 2018
610.70
-1.87%
Bonanza
Recently, the stock price of TVS Motor Company Ltd. (TVS Motor) corrected by ~22% from 52-week high of Rs.795 despite reporting good set of numbers in the recent quarters. TVS Motor is the 4th largest 2-wheeler manufacturer with a strong presence in the scooter segment. Its scooter segment has surpassed the growth of the motorcycles segment over the past couple of years and currently contributes 30% to the total 2-wheeler volume. Volume growth of TVS Motor attributed to good response to new products in domestic...
TVS Motor Company Ltd. is trading below it's 30 day SMA of 627.1
Bajaj Finance Ltd.    
07 Mar 2018
6050.25
-0.52%
Bonanza
Recently, the stock price of Bajaj Finance Ltd. (Bajaj Finance) corrected by ~17% from 52-week high of Rs.1,986 despite reporting good set of numbers in the recent quarters. Bajaj Finance has a diversified loan portfolio and a leadership position in under penetrated and growing segments like consumer durables (CD) financing, lifestyle product financing, two-wheeler financing, LAP, etc., which account for its ~50% of its portfolio. Despite a weak economic environment in the past few years, these segments have helped Bajaj...
Bajaj Finance Ltd. has an average target of 4989.22 from 10 brokers.
Berger Paints (India) Ltd.    
05 Mar 2018
820.30
0.29%
Bonanza
Recently, the stock price of Berger Paints India Ltd. (Berger Paints) corrected by ~18% from 52-week high of Rs.286 despite reporting good set of numbers in the recent quarters. Berger Paints is the 2nd largest company in decorative paint segment with market share of 19%, just after Asian paints. Over the last couple of years, it has gained market share by implementing various strategies. It has registered a phenomenal CAGR of 12% in its topline as well as CAGR of 21% in bottomline during FY11-17. Crude oil and its derivatives, which...
Number of MF schemes decreased from 59 to 25 in Mar 2021 qtr
Larsen & Toubro Ltd.    
21 Feb 2018
1487.55
-0.22%
buy
Bonanza
L&T; has planned a 5-year strategic plan Lakshya' to focuses on doubling sales to Rs.2,000bn by FY21E, improving margins (ex-services) from 10% in FY16 to 11.2% by FY21E along with value unlocking either by listing the asset or by divesting non-core assets. L&T; also has plan to improve its RoEs from 12% in FY16 to 18% in FY21E and bringing down working capital from 24% in FY16 to 18% by FY21E. L&T;'s efforts to successfully implement of Lakshya are visible in its recent performance on multiple fronts. It has able to successfully bring down net working capital to 20% in Q2FY18 from 24%...
Larsen & Toubro Ltd. has an average target of 1598.44 from 11 brokers.
Dhanuka Agritech Ltd.    
12 Jan 2018
969.95
-1.40%
Bonanza
Dhanuka is India's second largest agro-chemical formulations company in domestic branded sales focusing on speciality molecules from global innovators. It has grown at revenue CAGR of around 11% over FY11-17, following an asset light model of producing formulations only and not technicals, which it sources from global partners. It has 11 tie-ups with global MNCs, which ensure new specialty products in Indian markets. Dhanuka has regularly launches new products, mainly in the fast-growing Herbicide/ Fungicide segments and over the years, it has a strong basket...
Dhanuka Agritech Ltd. has gained 30.05% in the last 6 Months
Mayur Uniquoters Ltd.    
06 Dec 2017
487.90
-1.54%
Bonanza
Recently, the stock price of Mayur Uniquoters Ltd. (Mayur Uniquoters) corrected by ~6% from 52-week high of Rs.479 despite reporting good set of numbers in the recent quarters. In the organized segment of the domestic synthetic leather industry, Mayur Uniquoters has the largest installed capacity with product finding application in footwear, automobile, furnishing and apparels among others. It has total installed capacity of 3.05mn meters per month spread across Jaitpura and Dhodsar near Jaipur, Rajasthan. The company has...
Mayur Uniquoters Ltd. has gained 188.44% in the last 1 Year