RamkrishnaForge
Sharekhan
Broker Research reports: Buy reports
for Industry - Castings & Forgings
- This broker has downgraded this stock from it's previous report. (eg. - Buy->Hold)
- Broker has maintained previous recommendation but reduced share price target.
- This broker has upgraded this stock from it's previous report.(eg. - Sell->Hold)
- Broker has maintained previous recommendation but increased share price target.
RESEARCH REPORTS ALERTS
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| Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04 Mar 2024 | Ramkrishna Forgings |
Sharekhan
|
531.35 | 888.00 | 758.00 (-29.90%) | Target met |
Buy
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| 11 Oct 2023 | Bharat Forge |
SBI Securities
|
1406.00 | 1338.90 | 1114.35 (26.17%) | Target met |
Buy
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| 09 Aug 2023 | Bharat Forge |
Motilal Oswal
|
1406.00 | 1135.00 | 963.10 (45.99%) | Target met |
Buy
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| 03 Aug 2023 | AIA Engineering |
ICICI Securities Limited
|
3765.80 | 4000.00 | 3464.55 (8.70%) | Target met |
Buy
|
Confident of rise in volumes at 25-30k for FY24/25; holds strong balance sheet
ICICI Securities Limited
AIA Engineering (AIAE) reported strong Q1FY24 earnings with EBITDA up 39% YoY to INR 3.4bn. This was led by 9.1% YoY/5% YoY growth in volumes/realisations and 480bps YoY EBITDA margin improvement to 27.7%. Sharp improvement in EBITDA margin was on favourable product mix and decline in other expenses.
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| 21 Jul 2023 | Ramkrishna Forgings |
Sharekhan
|
531.35 | 580.00 | 504.70 (5.28%) | Target met |
Buy
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| 29 May 2023 | AIA Engineering |
ICICI Securities Limited
|
3765.80 | 3284.00 | 2800.45 (34.47%) | Target met |
Buy
|
Volumes subdued, but higher realisation leads to a strong quarter
ICICI Securities Limited
AIA Engineering (AIAE) reported a resilient set of numbers with EBITDA up 40% YoY to Rs3.2bn. This was led by 3% YoY / 12.2% YoY growth in volumes / realisation and 420bps YoY improvement in EBITDA margin to 23%. However, sequentially realisation declined slightly by 2% (lower than our estimates and company guidance).
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| 26 May 2023 | AIA Engineering |
ICICI Direct
|
3765.80 | 3700.00 | 2800.45 (34.47%) | Target met |
Buy
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| 25 May 2023 | AIA Engineering |
BOB Capital Markets Ltd.
|
3765.80 | 3500.00 | 2909.75 (29.42%) | Target met |
Buy
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| 18 May 2023 | M M Forgings |
ICICI Direct
|
351.45 | 1135.00 | 883.00 (-60.20%) | Target met |
Buy
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| 16 May 2023 | Ramkrishna Forgings |
Ventura
|
531.35 | 528.00 | 346.20 (53.48%) | Target met |
Buy
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