Research Reports published by KOTAK SECURITIES

Radico Khaitan Ltd.    
06 May 2019
788.35
0.81%
Kotak Securities
of our estimates, driven by 6.2% yoy growth in IMFL volume which was at 5.1 mn cases. Volume in Prestige and above category grew at 22.1% yoy while Regular category grew at a slower pace of 1.3% yoy. Volume growth in...
Radico Khaitan Ltd. has gained 44.94% in the last 1 Month
Persistent Systems Ltd.    
02 May 2019
2533.75
-0.86%
Kotak Securities
Revenue growth in US$ term remains lower than our expectation. Persistent's Q4FY19 consolidated revenue decreased by 2% qoq in US$ terms to US$ 118 mn (vs expectation of US$ 121 mn) led by 15% qoq decrease in IP revenue (partly due to seasonality factor and partly due to lower revenue from top clients). Going forward, the company indicated that...
Persistent Systems Ltd. has gained 326.95% in the last 1 Year
GHCL Ltd.    
30 Apr 2019
290.30
1.41%
Kotak Securities
GHCL's Q4FY19 numbers were above our estimates on all parameters. Soda Ash segment continued with its strong performance, supported by tight demand supply in the domestic market resulting in outperformance. Strong operating performance, led to 44.3% YoY and 15.7% QoQ jump in PAT to...
GHCL Ltd. has gained 43.57% in the last 6 Months
Maharashtra Seamless Ltd.    
26 Apr 2019
306.40
-2.42%
Maharashtra Seamless Ltd. average weekly volume is high.
Cyient Ltd.    
26 Apr 2019
862.10
0.76%
Kotak Securities
Cyient Q4FY19 revenue de-grew by 0.3% QoQ in CC terms to USD 165.2 mn below our estimate. However, in FY19 revenue grew 10.1% YoY to US$660 mn in CC terms. In Q4FY19, Services revenue stood at $ 146.9 mn; growth of 1.7% QoQ (1.4% in CC), 2.9% YoY. On a consolidated basis, operating...
Cyient Ltd. is trading above all available SMAs
Welspun Corp Ltd.    
22 Apr 2019
144.60
-1.47%
Kotak Securities
Welspun Corp (WCL) is a leading global manufacturer of large diameter pipes with an installed capacity of 2.4 Mn tonnes. With the execution and addition of the latest order of 180KT, the company order book at the start of FY20 now stands at 1.66 MT (in terms of revenue Rs141 bn), to be executed over next 15-18 months. At the end of FY19, WCL has entered into an agreement to sell PCMD division and 43MW power plant, at a consideration of Rs9.4 bn, this will make balance sheet further leaner, post the completion of the transaction i.e. by the end of Dec'19. With the leaner balance sheet...
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Welspun Corp Ltd.'s price crossed above SMA30 today
Himatsingka Seide Ltd.    
18 Apr 2019, 12:00AM
180.70
-1.26%
Kotak Securities
Himatsingka Seide Ltd (HSL) is a vertically integrated home textile player with manufacturing facilities in India and has retail and distribution businesses in North America, Europe and Asia. The company has adopted integrated business model with presence from farm to store. This results into cost efficiency and delivering quality products to its customers. HSL is focused on building a strong brand portfolio through owned and licensed brands contributing 75-80% of its revenue. It has license to manufacture, source and distribute home textiles brands such as Calvin Klein Home,...
Number of FII/FPI investors increased from 29 to 41 in Mar 2021 qtr.
MOIL Ltd.    
08 Apr 2019
184.60
-0.16%
buy
Buy: MOIL Ltd.
Kotak Securities
As per the press release, MOIL has achieved highest ever turnover in FY19 of Rs14.4 bn (unaudited and provisional), up 9% YoY, which is higher than our estimates of Rs12.5 bn. The outperformance was driven by record sales of non-fines (high grade ore) to ~1.1 MT, up 13% YoY. Average realisation during the quarter was also higher during the year (in 9MFY19, non-fines realisation was up 7.8% YoY). During the year, the company has opened a new mine Parsoda, in Nagpur district, with an annual production of 40,000...
MOIL Ltd. is trading above all available SMAs
MOIL Ltd.    
08 Apr 2019
184.60
-0.16%
buy
Buy: MOIL Ltd.
Kotak Securities
As per the press release, MOIL has achieved highest ever turnover in FY19 of Rs14.4 bn (unaudited and provisional), up 9% YoY, which is higher than our estimates of Rs12.5 bn. The outperformance was driven by record sales of non-fines (high grade ore) to ~1.1 MT, up 13% YoY. Average realisation during the quarter was also higher during the year (in 9MFY19, non-fines realisation was up 7.8% YoY). During the year, the company has opened a new mine Parsoda, in Nagpur district, with an annual production of 40,000...
MOIL Ltd.'s price crossed below SMA30 today
Welspun Corp Ltd.    
28 Mar 2019
144.60
-1.47%
Kotak Securities
Welspun Corp (WCL) is a leading global manufacturer of large diameter pipes with an installed capacity of 2.4 Mn tonnes. Given its presence in USA, Saudi Arabia and India, we believe that, the company is better placed compared to its peers in terms of tapping the global market opportunity of over US$400 bn. At the end of Feb'19, WCL's order book stood at Rs145 bn, to be executed over the next 15-18 months, thereby providing strong revenue visibility. We expect Welspun Corp to register growth of ~11% CAGR in revenue during the FY18FY21E period, while PAT is expected to grow at 31% CAGR during the same period, on back of improvement in operating performance and decline in interest...
Welspun Corp Ltd. has gained 75.59% in the last 1 Year