Wipro Ltd. is an Indian multinational corporation and a leading global information technology, consulting and business services company. It is headquartered in Bengaluru, Karnataka, India. The company is into cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help the clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship,...
Axis Bank Ltd. (Axis) is the third largest private sector bank in India and one of the first new generation banks to have begun operations in 1994. Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI. The Bank offers the entire spectrum of financial services which includes Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business services to customer segments covering Large and MidCorporates, MSME, Agriculture and Retail Businesses. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations,...
Lemon Tree Hotels Ltd. (LTH), incorporated in 1992 is the largest mid-priced hotel sector chain, and the third largest overall, on the basis of controlling interest in owned and leased rooms. Delhi based LTH is the only integrated hospitality company which operates in the mid-priced hotel sector in India, which operates with end-to-end capabilities across the value...
Slashes Key Policy Rates by 25 bps but retains its stance at Neutral' The Reserve Bank of India (RBI) in its First Bi-monthly Monetary Policy review (2019-20), announced a back-to-back cut in the benchmark repo rate and hinted that the economy may have entered a slowdown mode amid scattered signs...
Lux Industries Ltd. (LUX), founded in 1957 by late Girdhari Lal Todi as Biswanath Hosiery Mills, was incorporated in 1995. It is one of the largest players in the hosiery business having a market share of ~20% of the organized industry. This Kolkata based company is managed & headed by the second generation of the founder family. LUX is engaged in manufacturing and sales of products which includes Men's, Women's & Kids Innerwear, Winterwear, Socks & Slacks for Women in varied colors and designs. It offers more than 100 products with a wide range of over 5,000 SKU's under its 12 major brands. With focus on growing exclusive retail outlets and in providing customers with a seamless buying experience, the company's products are available in...
Further to our Research report dated April 02nd 2018, wherein we had recommended a BUY at the then price of Rs. 62 (adjusted), the share price had reached its 52 week high to Rs. 100.00, increased by ~61%. In February 2019, the company Split its FV from Rs. 10 to Rs. 2 and also issued Bonus shares in the ratio of 1:1 of FV Rs. 2. The overall size of the...
Eased its stance from Calibrated Tightening' to Neutral' The Reserve Bank of India (RBI) announced its Sixth Bi-monthly Monetary Policy review (2018-19), wherein, it has cut the benchmark repo rate after almost seventeen months and mentioned about lurking inflationary threat, fiscal slippage, global crude...
Karda Construction Ltd. (KARDA), incorporated in 2007 is a real estate company from Nasik which develops and sells residential and residential-cum-commercial projects. Its a part of the Karda Group, founded by promoter Mr. Naresh Karda in year 1994. The company primarily focuses in the residential real estate which forms major chunk of their portfolio which is almost more than 95%. KARDA is almost present across all segments that is affordable, comfortable, luxury and some commercial areas also,...
HEG Ltd, incorporated in 1973 is a premier company of the LNJ Bhilwara group, is India's leading graphite electrode manufacturer. It has one of the largest integrated Graphite Electrode plants in the world, processing sophisticated UHP (Ultra High Power) Electrodes. The company exports over 70% of its production to more than 30 countries of the world. It has also established a Power Plant of 77MW capacity to cater its in-house demand for electricity which is one of the major inputs in manufacturing Graphite electrodes. The Graphite Electrode plant of the company is...
