Research Reports published by EAST INDIA SECURITIES LTD

Eicher Motors Ltd.    
15 Nov 2020
2715.00
0.61%
East India Securities Ltd
Series of model launches to bring in more footfalls RE's new model cycle would attract more customers towards showrooms as it plans to launch new Improvement in margins despite sales decline...
Number of FII/FPI investors increased from 776 to 807 in Mar 2021 qtr.
Eicher Motors Ltd.    
15 Nov 2020
2715.00
0.61%
East India Securities Ltd
Series of model launches to bring in more footfalls RE's new model cycle would attract more customers towards showrooms as it plans to launch new Improvement in margins despite sales decline...
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Eicher Motors Ltd. has an average target of 2767.80 from 12 brokers.
Aarti Industries Ltd.    
12 Nov 2020
880.00
-0.67%
East India Securities Ltd
for margin improvement. However, we believe current valuations already discount most of the remained flattish to Rs2.54bn in Q2FY21 (vs our estimate of Rs2.24bn in Q2FY21). Lower positives of the better product mix, growth at export front and margin improvement and hence other income has led PBT to report a de-growth of 3.1% YoY to Rs1.77bn in Q2FY21. PAT offer limited upside from here. We assign accumulate rating with target price of Rs. 474...
Aarti Industries Ltd. has gained 49.91% in the last 6 Months
Mayur Uniquoters Ltd.    
11 Nov 2020
509.00
-0.79%
East India Securities Ltd
operational performance, c) higher other income and d) exceptional gains of Rs760mn. 2HFY20 plant and when situation normalizes this plant will also add to growth. FY21 is not looking is expected to be better than 1HFY20 with reasonable growth in exports and presence of levers that bad as it was at the end of Q1FY21. With volume recovery in footwear, ramp up of PU for margin improvement. However, we believe current valuations already discount most of the plant and businesses from new clients such as VW, Mercedes, BMW; we expect a strong...
Mayur Uniquoters Ltd. is trading above all available SMAs
Swaraj Engines Ltd.    
28 Oct 2020
1752.20
1.88%
East India Securities Ltd
Buy rating on the stock with target price to Rs 1,676 (22xFY22e EPS). Strong growth in tractor industry led to strong operational performance Improvement in margins despite sales decline...
Swaraj Engines Ltd. has gained 34.20% in the last 3 Months
Bajaj Auto Ltd.    
23 Oct 2020
4205.55
0.55%
buy
Accumulate: Bajaj Auto Ltd.
East India Securities Ltd
Bajaj Auto Ltd. has an average target of 3838.07 from 15 brokers.
Skipper Ltd.    
21 Oct 2020, 12:00AM
81.70
-0.67%
buy
Accumulate: Skipper Ltd.
East India Securities Ltd
Skipper Ltd. has gained 37.20% in the last 1 Month
Nesco Ltd.    
30 Sep 2020
566.00
0.91%
buy
Accumulate: Nesco Ltd.
Nesco Ltd. is trading above all available SMAs
Skipper Ltd.    
15 Sep 2020
81.70
-0.67%
buy
East India Securities Ltd
operational performance, c) higher other income and d) exceptional gains of Rs760mn. 2HFY20 5.8%) in Q1FY21 led by sharp gross margin contraction. Overall, EBITDA de-grew by 79% YoY is expected to be better than 1HFY20 with reasonable growth in exports and presence of levers to 90mn in Q1FY21. Lower than expected operating profit led to a net loss of Rs116mn in for margin improvement. However, we believe current valuations already discount most of the Q1FY21 as compared to profit of Rs79mn in Q1FY20. positives of the better product mix, growth at export front and margin improvement and hence...
Skipper Ltd. is trading above all available SMAs
Suprajit Engineering Ltd.    
24 Aug 2020
286.25
-0.16%
East India Securities Ltd
for margin improvement. However, we believe current valuations already discount most of the for its strategically important SENA strategy, while Phoenix Lamps incremental growth will majorly positives of the better product mix, growth at export front and margin improvement and hence come from Osram's orders and aftermarket. Stringent cost rationalisation measures and better offer limited upside from here. We assign accumulate rating with target price of Rs. 474...
Suprajit Engineering Ltd. is trading above all available SMAs