Brokerage Research Reports share price target

The stock has recently witnessed a decent correction from near the 200 level and currently has attained the trendline support zone near 175 level showing signs of bottoming out and anticipating for a reversal. The overall chart looks attractive with potential to rise further upward and has immense space to yield a decent return. The RSI indicator has also indicated a gradual rise with improvement in the bias and gaining strength to anticipate for further upside move. We suggest to...

Metals, Cap Goods, Oil and Gas and Tourism report sharp growth Metals / Cement lead profit recovery Covid-19- Vaccination sustains hope, Europe sees sharp spike in Covid 2H recovery hinges on 3rd wave of Covid19, if any Capex cycle - early signs visible for private capex revival in FY23 Global capex drive to improve growth post covid Fixed Capital Formation (GFCF) witnessing uptick globally except China PLI schemes to increase domestic manufacturing...

AGS Transact Technologies Ltd (AGS) is one of the largest integrated omnichannel payment solutions provider in India. It is well positioned with end-toend capabilities across cash & digital payment ecosystems being 1) India's 2nd largest player in ATM and cash management services, 2) largest deployer of POS terminals at OMCs and 3) has strong clientele such as - ICICI Bank, Axis Bank, HDFC Bank, Federal Bank etc. We expect growth to further accelerate led by 1) strong POS deployment order book from major OMCs, 2) strong growth in adoption of cash recycler machines (CRMs) and 3) company's ability to create value added innovative digital solutions. In FY21 the company showed resilient revenue performance at Rs17.6bn with...

Markets ended lower for a second straight session Key benchmark indexes traded in a narrow band with a negative bias for most of the day before extending losses in afternoon trading amid selling pressure in financials and banking shares. Axis Bank, Britannia Industries, Cipla, Reliance Industries and UPL fell 2-3 percent while automakers extended gains for a second day after...

Go Fashion (India) Ltd offers one of the widest portfolios of bottom-wear products among women's apparel retailers in India in terms of colours and styles, as of July 2021. Company's bottom-wear products, which include churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, trousers and jeggings, are sold across multiple categories such as ethnic wear,...

The company operates hotels under the brands Oberoi - super luxury brand, Trident five-star brand and Maidens (heritage) EIH also provides catering/kitchen services to airlines and operates restaurants/lounges at airports and also into air charter and car hire services Q2FY22 Results: The operational performance was ahead of our estimates due to...

PI Industries (PI)'s consolidated revenue growth was primarily driven by the CSM segment as domestic Crop Protection remained flat YoY. Gross margins expanded despite higher RM costs and reduced export incentives, but were aided by the product mix. Higher other expenses dented EBITDA, weighed by (i) fuel and related utilities, (ii) one-time expenses pertaining to several strategic initiatives, and (iii) COVID-19 management costs. The acquisition of the API & Intermediates business undertaking of Ind Swift Laboratory Ltd (ISLL) has been called off due to the non-fulfillment of vital...

Company's focus on cost management strategies, despite an increase in commodity prices in both auto and farm segments, helped mitigate the negative impact. With promising outlook, we reiterate our BUY rating...

IndoStar reported a PAT of INR394m in 2QFY22 v/s a net profit/loss of INR317m YoY/INR368m QoQ. NII rose 5% QoQ, but declined 12% YoY to INR1.08b. Higher other income, coupled with operating cost efficiencies, led to a PPOP of INR547m (up 65% QoQ). A sharp decline in credit costs (INR16m v/s INR824m in 1Q) led to a net profit in 2QFY22 after two consecutive quarters of net losses. AUM fell 12% YoY, but rose 2% QoQ to INR82.4b. Within this, Retail AUM rose 7% QoQ, while Corporate AUM declined by 13%. Disbursements picked...

About the stock: Easy Trip Planners or EaseMyTrip.com (EMT) is the fastest growing and only profitable company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for...