Latest broker research reports from Way2Wealth buy, sell, hold, neutral recommendations along with target prices forecast and upside.
|Summary||Date||Stock||Broker||LTP||Target||Price at reco|
Change since reco(%)
|2020-10-09||RBI and Finance Mini..||Way2Wealth|
|2020-10-07||EPL Ltd.||Way2Wealth||257.35||254.40 (1.16%)||Buy|
|2020-09-24||Hindustan Zinc Ltd.||Way2Wealth||235.10||230.00||205.25 (14.54%)||-2.17||Buy|
|2020-09-21||Computer Age Managem..||Way2Wealth||1334.75||IPO Note|
Headquartered in Chennai, CAMS is India's largest registrar and transfer agent with market share of ~70% based on mutual fund's average AUM managed by its clients and serviced as of July 2020. Company is co-owned by NSE Investments, Warburg Pincus, Faering Capital ACSYS Investments and HDFC Group. Company offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry. Over the last five years, it has grown its market share from approximately 61% in FY15 to approximately 69% in FY20, based on AAUM serviced. Its mutual fund clients include four of the five largest...
|2020-09-21||Chemcon Speciality C..||Way2Wealth||434.70||IPO Note|
Incorporated on December 15, 1988, Chemcon Speciality Chemicals Ltd (Chemcon) is a manufacturer of specialised chemicals, such as Hexamethyldisilazane / Hexamethyldisilane (HMDS) and Chloromethyl Isopropyl Carbonate (CMIC) which are predominantly used in the pharmaceuticals industry (Pharmaceutical Chemicals), and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion...
|2020-09-15||Avanti Feeds Ltd.||Way2Wealth||496.25||546.70 (-9.23%)||Accumulate|
1. The company recorded 12.6% YoY de-growth in consolidated sales on the back of 14.3% YoY and 4.4% YoY de-growth in shrimp feeds and shrimp processing business respectively in Q1FY21. Degrowth in shrimp feed was due to panic harvesting and non-availability of shrimp seed during Covid-19 led lockdown restriction. Avanti's shrimp feed and shrimp processing sales volume degrew YoY but improved...
|2020-09-10||Indian Energy Exchan..||Way2Wealth||194.50||192.50 (1.04%)||Buy|
Intraday, Daily & Weekly, Day Ahead Contingency Contracts Delivery after 1 hour of auction Priced Discovery: Closed, Double-sided Auction Sellers: RE generators not under feed in tariffs Buyers: Obligated entities; 1 MWh=1 REC Certificates created under Perform Achieve Trade (PAT) scheme of Ministry of Power Industry unable to reduce power consumption- Buy Energy Saving Certificates Source: IEX Investor Presentation...
|2020-09-08||Triveni Engineering ..||Way2Wealth||74.10||105.00||73.60 (0.68%)||41.70||Buy|
|2020-08-26||Endurance Technologi..||Way2Wealth||1051.00||1061.75 (-1.01%)||Buy|
Endurance Technologies (ENDU) is one of India's leading automotive component manufacturing companies. Anurang Engineering Company Private Limited which merged into the company in 2006, commenced manufacturing of aluminium castings in Aurangabad, Maharashtra, India in1986. Over time, grown organically in India and diversified capabilities by introducing suspension products, transmission products and braking systems. Starting with two aluminium casting machines in FY 1986, it has grown to operate 16 plants in India and 9 plants in Europe. Today the company is the largest aluminium die casting manufacturer in...
|2020-08-21||Aarti Industries Ltd.||Way2Wealth||976.00||1142.15 (-14.55%)||Accumulate|
Incorporated in 1984, Aarti Industries Ltd is the leading producer of Benzene based basic and intermediate specialty chemicals in India, manufacturing ~120 products in chemistry of benzene, aniline, sulphuric acid, toulene etc. Company is preferred partner of choice for more than ~1000 customers globally and supplies benzene based intermediates and pharmaceuticals to manufacturers of dyes, pigments, agrochemicals, automobile etc. Company's business is diversified across 2 segments such as specialty chemicals and pharmaceuticals each contributing 84%...
|2020-08-21||Kalpataru Power Tran..||Way2Wealth||239.00||320.00||273.10 (-12.49%)||33.89||Buy|
|2020-08-20||VRL Logistics Ltd.||Way2Wealth||154.90||180.00||167.95 (-7.77%)||Target met||Accumulate|
|2020-08-18||Avanti Feeds Ltd.||Way2Wealth||496.25||492.85 (0.69%)||Accumulate|
Incorporated in 1993, Avanti Feeds Ltd (AFL) is a leading manufacturer of Shrimp Feeds and Shrimp Processor & Exporter. The company has a strong technical and marketing tie-up with the Thai Union Group Public Company Ltd (equity participation of ~25%), the world's largest seafood processors and leading manufacturer of prawn and fish feeds in Thailand. Company has 5 shrimp feed manufacturing units in India (4 in Andhra Pradesh & 1 in Gujarat), with feed manufacturing capacity of 6,00,000MT and shrimp processing capacity of 22,000MT and is now setting up a shrimp hatchery with a capacity of 400 million seeds in...
|2020-08-18||Cummins India Ltd.||Way2Wealth||460.55||449.70 (2.41%)||Accumulate|
Q1FY21 Performance Sales came in at `4,982mn which was impacted as two months of revenue loss due to closure of factories on account of pandemic. EBITDA declined by 98% YoY to `29mn with EBITDA margin coming at 0.6% compared to 11.3% in Q1FY20. EBITDA was profitable at `876mn due to lower employee cost (-16% YoY,-18% QoQ) and decline in other expenses (-47.8% YoY,-45.7% QoQ). PAT came in at `526mn on account of higher other income which grew 32.9% YoY and 13.8% QoQ to `1,022mn led by tax reversal of `0.3bn and rental income. Post the gradual...
|2020-08-18||APL Apollo Tubes Ltd.||Way2Wealth||2936.05||2303.80 (27.44%)||Accumulate|
3. We recommend investors to ADD on dips as the company has a strong balance sheet and leading position in the industry which allows it to positioned well to capitalize on these opportunities. 3. Net Working Capital (NWC) cycle stood at 10 days in Q1FY21 vs. 20 days in FY20....
|2020-08-13||KEC International Ltd.||Way2Wealth||320.45||340.00||305.10 (5.03%)||Target met||Buy|
|2020-08-13||Agro Tech Foods Ltd.||Way2Wealth||708.00||690.25 (2.57%)||Accumulate|
Affiliated to ConAgra Foods Inc, one of world's largest food companies, Agro Tech Foods Ltd (ATFL) is engaged in the business of marketing food and food ingredients to retail and institutional customers. The company operates in three segments: Sourcing and Institutional Business, Branded Foods and Others. Sourcing and Institutional Business segment includes oils and agricultural raw materials procurement, crystal and rath bulk packs, the seed buying and processing operations, food service and poultry feed ingredients. The Branded...
|2020-08-12||Jyothy Labs Ltd.||Way2Wealth||142.75||139.25 (2.51%)||Buy|
Jyothy Labs Ltd. is a fast moving consumer goods (FMCG) company founded by Mr. M P Ramachandran in 1983. Over years, Jyothy has evolved from a single product company into a multi-product company. It is the largest player in the fabric whitener space. The company's business divisions are Fabric Care (41%), Dishwashing (33%), Personal care (11%), Household Insecticide (11%) and Laundry services (2%). JLL's manufacturing units are strategically present across India to maintain a lower logistics cost. It has 26 manufacturing facilities across 22 location and has a distribution...
|2020-08-11||Aditya Birla Capital..||Way2Wealth||67.00||80.00||60.70 (10.38%)||19.40||Buy|
|2020-08-06||RBI and Finance Mini..||Way2Wealth||Economy Update|
MPC kept the policy repo rate unchanged to 4.0%. MPC unanimously voted for keeping the policy repo rate unchanged and continue with accommodative stance as long it is necessary to revive growth and mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target. The Monetary Policy Committee (MPC) had unanimously voted in favor of rate cut in May20 policy. The post Covid-19 repo rate cut now stands at 115 bps and reverse repo is down 155 bps....