Research Reports published by EAST INDIA SECURITIES LTD

Name: Latest research reports of UTI Asset Management Company Ltd. authored by East India Securities Ltd and published by - Trendlyne research reports.
Item: UTI Asset Management Company Ltd.
Rating: 5
Author: East India Securities Ltd

Latest research reports published by East India Securities Ltd

UTI Asset Management Company Ltd.

02 Dec 2024

998.15

-0.30%

Riding the Equity Growth Wave; Initiate with BUY

Buy: UTI Asset Management Compa...

East India Securities Ltd

UTI Asset Management Company Ltd (UTI AMC), along with its group companies, is present across various business segments like Mutual Funds, Alternate Investment Funds, Pension Business and Portfolio Management Services. Considering the future growth visibility, we assign BUY rating with target price of Rs.1,489 per share.

UTI Asset Management.. has an average target of 1191.00 from 4 brokers.

Stylam Industries Ltd.

22 Oct 2024

1680.55

3.84%

Building a durable surface for growth

Hold: Stylam Industries Ltd.

Target

East India Securities Ltd

Stylam Industries (Stylam) Q2FY25 results beat our estimates. Revenue at Rs 2,627 mn ? increased by 12.3% yoy & 8.3% qoq. Sales volume at 3.2 mn sheets.

Stylam Industries Ltd. has lost -21.39% in the last 3 Months

Eureka Forbes Ltd.

16 Sep 2024

501.90

-2.25%

Growing Consumer Electronic Play; Initiate with HOLD

Hold: Eureka Forbes Ltd.

East India Securities Ltd

An established ‘cash cow’, Eureka Forbes were the pioneers for introducing water purifier and
vacuum cleaner in India. Eureka Forbes has a long history of launching innovative products and
campaigns in India.

Number of FII/FPI investors increased from 90 to 133 in Dec 2024 qtr.

Nitin Spinners Ltd.

24 Jul 2024

354.15

1.27%

Nitin Spinners Ltd (NSL) witnessed a stable performance in Q1FY25.

Buy: Nitin Spinners Ltd.

Target

East India Securities Ltd

Gross margin was 37.2% (up by 252 bps yoy/ 123 bps qoq). NSL reported a cash profit of Rs78 mn. Exports contributed ~64% of revenue in Q1FY25.

Nitin Spinners Ltd. is trading above its 50 day SMA of 345.9

Shoppers Stop Ltd.

06 May 2024

495.20

1.97%

Other income saves the day

Sell: Shoppers Stop Ltd.

Recommendation Target

East India Securities Ltd

SS is currently trading at P/E of 35.8x on FY26 basis. We value the stock based on P/E methodology and assign multiple of 30x on FY26E PAT of Rs 2,248mn to arrive at a target
price of Rs613 per share, which is a potential downside of 16.3% from current market price and recommend “Sell” on the stock.

Shoppers Stop Ltd. has lost -32.13% in the last 1 Year

Rajratan Global Wire Ltd.

29 Apr 2024

290.05

0.50%

Holding on to the wheels of growth despite a speed bump

Hold: Rajratan Global Wire Ltd.

East India Securities Ltd

India volume at 15,718 MT was lower by 6.0% yoy/ but higher by 2.0% qoq. Realization at ~Rs.88,764/ MT was down by 7.9% yoy/ 0.7% qoq. The capacity utilization levels in Q4 stood at ~87%.

Rajratan Global Wire Ltd. is trading below all available SMAs

Nitin Spinners Ltd.

17 May 2022

354.15

1.27%

Nitin Spinners

Buy: Nitin Spinners Ltd.

Target

East India Securities Ltd

Nitin Spinners Ltd. is trading above its 50 day SMA of 345.9