Brokerage Research Reports share price target

Sentiment was helped after finance ministry said that Goods and Services Tax (GST) revenues grew 13 percent in December 2021 as compared to the same month last year. A rise in the country's coronavirus cases for a sixth straight day to the...

Automobiles: TTMT gains 2nd position in PVs; CV recovery promising

The 'R-value', which indicates how rapidly the deadly virus is spreading, has crossed two in Delhi and Mumbai, researchers said. Chennai, Pune, Bengaluru and Kolkata have R-value of over 1. Shares locked in their best year since 2017, driven by an economic recovery from the pandemic-led slump and infusion of massive liquidity, even as valuation concerns and a raging new coronavirus...

As we slowly emerge out of the pandemic, the need to secure food supply is set to be top priority for every nation. Consequently, we believe that the structural growth story of agrochemical industry remains intact led by a) rising domestic demand; b) substantial opportunity to explore products going off-patent in the next decade; c) stringent environmental norms in China, providing domestic players an edge and d) strategic tie-ups with global giants. Domestic industry expected to post 8-10% CAGR in the next few years...

Growing middle / upper class to drive 4Ws demand. SUVs in particular to grow strongly but competition is higher versus hatchback segment

Recovery ongoing; Demand sustenance key

On 22 Dec'21, Quess Corp. announced a fund infusion in its Monster.com subsidiary from Meridian Investments and Volrado Venture Partners at a pre-money valuation of INR6.0b, much higher than its 2018 acquisition cost of c.INR896m. The funding will be...