Tata Consultancy Services Ltd. (TCS) is a leading global IT services consulting and business solutions organization, headquartered in Mumbai. TCS founded in 1968 is a part of Tata Group, one of India's most respected business conglomerates and most respected brands. TCS is one of the largest Indian companies by market capitalization. It operates in 46 countries and placed among the most valuable IT services brands worldwide. The company offers a range of IT services outsourcing and business solutions. They also offer IT infrastructure services, business process outsourcing services, engineering and industrial services, global consulting and asset leveraged solutions....
Sundram Fasteners Limited (SFL), a part of $5 billion TVS Group is one of the leading auto component manufacturers in India which has been operational since 1966 headquartered in Chennai. SFL has grown into a global leader, manufacturing critical, high precision components for the automotive, infrastructure, windmill and aviation sectors. SFL's product range includes hightensile fasteners, cold extruded parts, hot forged components, powder metallurgy,...
Hikes Repo Rate by 25bps but kept its policy stance as 'neutral' The Reserve Bank of India (RBI) announced its Second Bi-monthly Monetary Policy review (2018-19), wherein, it has increased the benchmark repo rate for the first time in more than four years, as it tries to fend off rising inflation pressures and mentioned about fiscal slippage, global crude oil price volatility, financial market volatility and potential trade wars which poses a threat to the outlook but kept its policy stance as 'neutral'. The decision of the Monetary Policy Committee (MPC) is consistent with the neutral stance of monetary policy in consonance with the...
Further to our Research report dated October 27th 2016, wherein we had recommended a BUY at the then price of Rs. 51.50(Split adjusted), the share price had reached its all time high to Rs. 318.98 increased by ~500% in January 2018. The company has been steadily moving towards new highs with strong financial outlook. On the back of robust...
Jagran Prakashan (JPL), incorporated in 1975, has emerged as India's leading media and communication group with interests spanning across printing and publication of newspapers & magazines, Radio and Digital & Outdoor Advertising. Dainik Jagran, JPL's flagship print publication founded in 1942 was the brainchild of freedom fighter, Late Shri Puran Chandra Gupta. It operates its business of...
Akzo Nobel India Ltd. (previously known as ICI India) is a leading paints and coatings company. The company's origin goes way back in 1926 when Brunner Mond & Co, one of the four companies was combined to form ICI in UK. This company operated as a trading office in Calcutta to sell alkalis and dyes. Presently it is engaged in manufacturing and marketing of paints, speciality chemicals and adhesives and ranked as a leader in sustainability. The Company has six production facilities, two state-of-the-art research laboratories and 50 warehouses across India along with 15,000+ customer service points. The Company owns two paint brands such as Dulux and Duco. For exterior emulsion they have created brands like Weathershield and Supercote. It has created retail brands like Dulux Velvet Touch, Acrylic Emulsion and Gloss. The company manufactures wide range of decorative paints and is also in the business activities of Coatings....
In Q4FY18 and FY18 Bank's total income grew by ~71% and ~52% to Rs. 666 crore and Rs. 2,155 crore respectively, YoY. Net interest income clocked YoY growth of 30% and 20% to Rs. 287 crore and Rs. 940 crore in Q4FY18 & FY18 respectively. PAT grew by ~7% to Rs. 83 crore, YoY in Q4FY18. It has recommended a dividend of 5% in the first year of its banking operations and listing. As on March 2018, its gross loan AUM grew by 49% YoY to Rs. 16,038 crore. Gross NPA and Net NPA of the Bank stood at Rs. 270 crore and Rs. 169 crore respectively as on March 31, 2018. In Q4FY18 its Gross NPA ratio and Net NPA ratio improved...
Godrej Agrovet Ltd. (GAVL), incorporated in 1991 in Gujarat is a subsidiary of one of the highly diversified Indian Conglomerate, the Godrej Group. GAVL is a diversified, research & development focused agri-business and animal feed company. GAVL holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. GAVL is the largest crude palm oil producer in terms of market share...
Further to our Research report dated October 18th 2017, wherein we had recommended a BUY at the then price of Rs. 161.20, the share price had reached its 52 week high to Rs. 294.30 increased by ~83% after the third quarter results for the FY18. The company has been steadily moving towards new highs with strong financial outlook. Healthy demand is expected for steel domestically...
Keeps Key Rates Unchanged, Maintains Status Quo The Reserve Bank of India (RBI) has come out with its First Bi-monthly Monetary Policy review (2018-19), wherein, it maintained status quo on the policy rates while keeping a neutral stance but mentioned about lurking inflationary threat, fiscal slippage, global crude oil price volatility, financial market volatility and potential trade wars which poses a threat to the outlook. The decision of the Monetary Policy Committee (MPC) is consistent with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth. Following are the policy measures and vital announcements by the RBI. The RBI has kept the Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.00% in its first bi-monthly policy for...
