Result Update:JTL Industries
Axis Direct
We maintain our BUY rating on the stock.
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
---|---|---|---|---|---|---|---|---|---|---|---|
29 Jan 2025 | JTL Industries |
Axis Direct
|
75.97 | 115.00 | 94.01 (-19.19%) | 51.38 |
Buy
|
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29 Jan 2025 | Apar Industries |
Prabhudas Lilladhar
|
8194.50 | 8219.00 | 7282.00 (12.53%) | Target met |
Accumulate
|
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29 Jan 2025 | Syrma SGS Technology |
Prabhudas Lilladhar
|
745.95 | 629.00 | 505.10 (47.68%) | Target met |
Buy
|
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29 Jan 2025 | Bharat Heavy Electricals |
Prabhudas Lilladhar
|
218.59 | 226.00 | 199.86 (9.37%) | Target met |
Accumulate
|
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29 Jan 2025 | Kirloskar Pneumatic |
Prabhudas Lilladhar
|
1300.40 | 1564.00 | 1105.40 (17.64%) | 20.27 |
Buy
|
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28 Jan 2025 | Kaynes Technology |
Motilal Oswal
|
6209.00 | 6500.00 | 4661.35 (33.20%) | Target met |
Buy
|
Robust order book reaffirms strong growth visibility
Motilal Oswal
Kaynes Technologies (KAYNES) reported a strong 3Q performance, with revenue rising 30% YoY, led by strong traction in the Industrials vertical (up 38% YoY, including EV) and automotive (up 28% YoY).
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24 Jan 2025 | Happy Forgings |
FundsIndia
|
948.50 | 1184.00 | 1042.40 (-9.01%) | 24.83 |
Buy
|
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23 Jan 2025 | Polycab |
Motilal Oswal
|
7100.50 | 8380.00 | 6250.90 (13.59%) | 18.02 |
Buy
|
Strong quarter led by exports and FMEG
Motilal Oswal
Polycab India’s (POLYCAB) 3QFY25 revenue grew ~20% YoY to INR52.3b (in line), as lower-than-estimated revenue in the C&W segment was offset by higher-than-estimated revenue in the FMEG and EPC segments.
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23 Jan 2025 | Polycab |
BOB Capital Markets Ltd.
|
7100.50 | 8090.00 | 6250.90 (13.59%) | 13.94 |
Buy
|
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22 Jan 2025 | KEI Industries |
Motilal Oswal
|
3954.80 | 4780.00 | 4127.55 (-4.19%) | 20.87 |
Buy
|
Revenue growth strong, but margins weak
Motilal Oswal
KEI Industries (KEII)’s 3QFY25 revenue grew 20% YoY (in line, as strong revenue growth in the C&W/SSW segment offset lower-than-estimated EPC revenue). Its EBITDA grew ~12% YoY to INR2.4b (3% miss). OPM contracted 70bp YoY to 9.8% (-70bp vs. our estimate) due to a lower margin in the C&W segment.
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